MG IMMO: 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 IMMO
Largest movements
- Stocks and contracts +€50,426
up €50,426 (+10.8%), from €466,420 to €516,846
- Deferred charges and accrued income +€26,553
new in 2025: €26,553
- Receivables within one year -€24,081
down €24,081 (-30.8%), from €78,270 to €54,189
of which Trade receivables: -€16,871
- Current portion of long-term debt +€51,644
up €51,644 (+16.0%), from €322,740 to €374,384
- Reserves +€15,000
up €15,000 (+19.7%), from €76,250 to €91,250
of which Tax-exempt reserves: +€15,000
- Provisions -€9,933
down €9,933 (-25.2%), from €39,357 to €29,424
- Debts after one year -€9,384
down €9,384 (-27.1%), from €34,641 to €25,257
- Profit (loss) carried forward +€7,652
up €7,652 (+10.1%), from €75,561 to €83,213
- Gross operating margin -€25,415
down €25,415 (-40.3%), from €63,039 to €37,624
- Other operating charges -€15,113
down €15,113 (-76.6%), from €19,718 to €4,605
- Taxes -€2,497
down €2,497 (-21.5%), from €11,635 to €9,138
- Depreciation -€1,017
down €1,017 (-11.5%), from €8,871 to €7,854
- Financial income -€895
down €895 (-53.5%), from €1,673 to €778
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.
Cash bridge derived
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 | €653,374 | €703,174 | +€49,800 | +7.6% |
| Fixed assets | 21/28 | €71,119 | €65,096 | -€6,023 | -8.5% |
| Tangible fixed assets | 22/27 | €70,412 | €64,389 | -€6,023 | -8.6% |
| Land and buildings | 22 | €66,261 | €62,121 | -€4,140 | -6.2% |
| Plant, machinery and equipment | 23 | €4,151 | €2,268 | -€1,883 | -45.4% |
| Financial fixed assets | 28 | €707 | €707 | = | 0.0% |
| Current assets | 29/58 | €582,255 | €638,078 | +€55,823 | +9.6% |
| Stocks and contracts in progress | 3 | €466,420 | €516,846 | +€50,426 | +10.8% |
| Stocks | 30/36 | €466,420 | €516,846 | +€50,426 | +10.8% |
| Amounts receivable within one year | 40/41 | €78,270 | €54,189 | -€24,081 | -30.8% |
| Trade receivables | 40 | €46,184 | €29,313 | -€16,871 | -36.5% |
| Other amounts receivable | 41 | €32,086 | €24,876 | -€7,210 | -22.5% |
| Cash at bank and in hand | 54/58 | €37,565 | €40,490 | +€2,925 | +7.8% |
| Deferred charges and accrued income | 490/1 | - | €26,553 | +€26,553 | |
| Total equity and liabilities | 10/49 | €653,374 | €703,174 | +€49,800 | +7.6% |
| Equity | 10/15 | €214,311 | €236,963 | +€22,652 | +10.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €76,250 | €91,250 | +€15,000 | +19.7% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,000 | €85,000 | +€15,000 | +21.4% |
| Profit (loss) carried forward | 14 | €75,561 | €83,213 | +€7,652 | +10.1% |
| Provisions and deferred taxes | 16 | €39,357 | €29,424 | -€9,933 | -25.2% |
| Provisions for liabilities and charges | 160/5 | €39,357 | €29,424 | -€9,933 | -25.2% |
| Major repairs and maintenance | 162 | €39,357 | €29,424 | -€9,933 | -25.2% |
| Amounts payable | 17/49 | €399,706 | €436,787 | +€37,081 | +9.3% |
| Amounts payable after more than one year | 17 | €34,641 | €25,257 | -€9,384 | -27.1% |
| Financial debts | 170/4 | €34,641 | €25,257 | -€9,384 | -27.1% |
| Amounts payable within one year | 42/48 | €365,065 | €411,530 | +€46,465 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €322,740 | €374,384 | +€51,644 | +16.0% |
| Trade debts | 44 | €22,684 | €21,461 | -€1,223 | -5.4% |
| Suppliers | 440/4 | €22,684 | €21,461 | -€1,223 | -5.4% |
| Taxes, remuneration and social security | 45 | €17,035 | €13,029 | -€4,006 | -23.5% |
| Taxes | 450/3 | €17,035 | €13,029 | -€4,006 | -23.5% |
| Other amounts payable | 47/48 | €2,606 | €2,656 | +€50 | +1.9% |
| Non-recurring operating income | 76A | €1,063 | - | -€1,063 | |
| Remuneration, social security and pensions | 62 | €215 | €22 | -€193 | -89.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,871 | €7,854 | -€1,017 | -11.5% |
| Other operating charges | 640/8 | €19,718 | €4,605 | -€15,113 | -76.6% |
| Non-recurring operating charges | 66A | -€9,934 | -€9,934 | = | 0.0% |
| Gross operating margin | 9900 | €63,039 | €37,624 | -€25,415 | -40.3% |
| Operating profit (loss) | 9901 | €44,169 | €35,077 | -€9,092 | -20.6% |
| Financial income | 75/76B | €1,673 | €778 | -€895 | -53.5% |
| Recurring financial income | 75 | €1,673 | €778 | -€895 | -53.5% |
| Financial charges | 65/66B | €4,739 | €4,065 | -€674 | -14.2% |
| Recurring financial charges | 65 | €4,739 | €4,065 | -€674 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €41,103 | €31,790 | -€9,313 | -22.7% |
| Income taxes | 67/77 | €11,635 | €9,138 | -€2,497 | -21.5% |
| Profit (loss) for the period | 9904 | €29,468 | €22,652 | -€6,816 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,468 | €22,652 | -€6,816 | -23.1% |
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 9 October 2026 via checked.be.