MG Holding: 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 Holding
Largest movements
- Financial fixed assets +€45,045
up €45,045 (+1.9%), from €2.4m to €2.4m
- Debts after one year -€294,404
down €294,404 (-14.7%), from €2.0m to €1.7m
of which Other amounts payable: -€450,155
- Reserves +€274,800
up €274,800 (+67.3%), from €408,567 to €683,367
- Current portion of long-term debt +€44,754
new in 2025: €44,754
- Financial income +€164,115
up €164,115 (+127%), from €129,419 to €293,535
- Financial charges -€1,554
down €1,554 (-8.4%), from €18,551 to €16,996
- Gross operating margin -€227
down €227 (-50.0%), from -€454 to -€681
- Other operating charges +€40
up €40 (+3.9%), from €1,018 to €1,057
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 | €2,422,017 | €2,448,216 | +€26,199 | +1.1% |
| Fixed assets | 21/28 | €2,403,143 | €2,448,188 | +€45,045 | +1.9% |
| Financial fixed assets | 28 | €2,403,143 | €2,448,188 | +€45,045 | +1.9% |
| Current assets | 29/58 | €18,875 | €28 | -€18,847 | -99.9% |
| Amounts receivable within one year | 40/41 | €28 | €28 | = | 0.0% |
| Trade receivables | 40 | €28 | €28 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €18,847 | - | -€18,847 | |
| Total equity and liabilities | 10/49 | €2,422,017 | €2,448,216 | +€26,199 | +1.1% |
| Equity | 10/15 | €414,767 | €689,567 | +€274,800 | +66.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €408,567 | €683,367 | +€274,800 | +67.3% |
| Distributable reserves | 133 | €408,567 | €683,367 | +€274,800 | +67.3% |
| Amounts payable | 17/49 | €2,007,250 | €1,758,649 | -€248,601 | -12.4% |
| Amounts payable after more than one year | 17 | €2,007,250 | €1,712,846 | -€294,404 | -14.7% |
| Financial debts | 170/4 | - | €155,750 | +€155,750 | |
| Other amounts payable | 178/9 | €2,007,250 | €1,557,096 | -€450,155 | -22.4% |
| Amounts payable within one year | 42/48 | - | €44,754 | +€44,754 | |
| Current portion of amounts payable after more than one year | 42 | - | €44,754 | +€44,754 | |
| Accrued charges and deferred income | 492/3 | - | €1,049 | +€1,049 | |
| Other operating charges | 640/8 | €1,018 | €1,057 | +€40 | +3.9% |
| Gross operating margin | 9900 | -€454 | -€681 | -€227 | -50.0% |
| Operating profit (loss) | 9901 | -€1,471 | -€1,739 | -€267 | -18.2% |
| Financial income | 75/76B | €129,419 | €293,535 | +€164,115 | +127% |
| Recurring financial income | 75 | €129,419 | €293,535 | +€164,115 | +127% |
| Financial charges | 65/66B | €18,551 | €16,996 | -€1,554 | -8.4% |
| Recurring financial charges | 65 | €18,551 | €16,996 | -€1,554 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €109,397 | €274,800 | +€165,403 | +151% |
| Profit (loss) for the period | 9904 | €109,397 | €274,800 | +€165,403 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €109,397 | €274,800 | +€165,403 | +151% |
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 15 October 2026 via checked.be.