MG GENERAL CONSTRUCT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MG GENERAL CONSTRUCT
Largest movements
- Tangible fixed assets -€13,281
down €13,281 (-26.6%), from €49,881 to €36,600
of which Furniture and vehicles: -€13,901
- Cash +€5,777
up €5,777 (+202%), from €2,862 to €8,638
mainly Depreciation (+€14,785) and Net result for the year (+€2,558)
- Deferred charges and accrued income +€4,780
up €4,780 (+19.0%), from €25,177 to €29,957
- Debts after one year -€5,552
down €5,552 (-38.7%), from €14,358 to €8,806
- Profit (loss) carried forward +€2,558
up €2,558 (+5.3%), from €48,275 to €50,833
- Tax, wage and social debts +€896
up €896 (+15.8%), from €5,660 to €6,556
of which Remuneration and social security: +€4,100
- Gross operating margin -€21,524
down €21,524 (-45.5%), from €47,296 to €25,773
- Taxes -€7,204
down €7,204 (-74.6%), from €9,660 to €2,456
- Staff costs -€1,378
down €1,378 (-31.4%), from €4,390 to €3,012
- Other operating charges +€950
up €950 (+102%), from €930 to €1,879
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,642 | €76,597 | -€2,046 | -2.6% |
| Fixed assets | 21/28 | €49,895 | €36,614 | -€13,281 | -26.6% |
| Tangible fixed assets | 22/27 | €49,881 | €36,600 | -€13,281 | -26.6% |
| Plant, machinery and equipment | 23 | €3,373 | €3,992 | +€620 | +18.4% |
| Furniture and vehicles | 24 | €46,508 | €32,608 | -€13,901 | -29.9% |
| Financial fixed assets | 28 | €14 | €14 | = | 0.0% |
| Current assets | 29/58 | €28,747 | €39,983 | +€11,236 | +39.1% |
| Amounts receivable within one year | 40/41 | €708 | €1,387 | +€679 | +96.0% |
| Trade receivables | 40 | - | €1,387 | +€1,387 | |
| Other amounts receivable | 41 | €708 | - | -€708 | |
| Cash at bank and in hand | 54/58 | €2,862 | €8,638 | +€5,777 | +202% |
| Deferred charges and accrued income | 490/1 | €25,177 | €29,957 | +€4,780 | +19.0% |
| Total equity and liabilities | 10/49 | €78,642 | €76,597 | -€2,046 | -2.6% |
| Equity | 10/15 | €51,275 | €53,833 | +€2,558 | +5.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,275 | €50,833 | +€2,558 | +5.3% |
| Amounts payable | 17/49 | €27,367 | €22,763 | -€4,604 | -16.8% |
| Amounts payable after more than one year | 17 | €14,358 | €8,806 | -€5,552 | -38.7% |
| Financial debts | 170/4 | €14,358 | €8,806 | -€5,552 | -38.7% |
| Amounts payable within one year | 42/48 | €13,009 | €13,957 | +€948 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €5,309 | €5,552 | +€242 | +4.6% |
| Trade debts | 44 | €621 | €763 | +€142 | +22.9% |
| Suppliers | 440/4 | €621 | €763 | +€142 | +22.9% |
| Taxes, remuneration and social security | 45 | €5,660 | €6,556 | +€896 | +15.8% |
| Taxes | 450/3 | €5,660 | €2,456 | -€3,204 | -56.6% |
| Remuneration and social security | 454/9 | - | €4,100 | +€4,100 | |
| Other amounts payable | 47/48 | €1,419 | €1,086 | -€332 | -23.4% |
| Remuneration, social security and pensions | 62 | €4,390 | €3,012 | -€1,378 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,600 | €14,785 | +€185 | +1.3% |
| Other operating charges | 640/8 | €930 | €1,879 | +€950 | +102% |
| Gross operating margin | 9900 | €47,296 | €25,773 | -€21,524 | -45.5% |
| Operating profit (loss) | 9901 | €27,377 | €6,096 | -€21,280 | -77.7% |
| Financial charges | 65/66B | €1,265 | €1,082 | -€183 | -14.5% |
| Recurring financial charges | 65 | €1,265 | €1,082 | -€183 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €26,112 | €5,015 | -€21,097 | -80.8% |
| Income taxes | 67/77 | €9,660 | €2,456 | -€7,204 | -74.6% |
| Profit (loss) for the period | 9904 | €16,451 | €2,558 | -€13,893 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,451 | €2,558 | -€13,893 | -84.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.