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
- Tangible fixed assets +€8.0m
up €8.0m (+31.4%), from €25.5m to €33.5m
of which Assets under construction and advance payments: +€8.0m
- Receivables within one year -€398,926
down €398,926 (-61.7%), from €646,803 to €247,877
- Contributions +€6.0m
up €6.0m (+32258.1%), from €18,600 to €6.0m
- Debts after one year +€5.7m
up €5.7m (+38.2%), from €14.9m to €20.6m
- Short-term financial debts -€4.5m
down €4.5m (-30.1%), from €15.0m to €10.5m
- Trade debts +€1.1m
up €1.1m (+94.7%), from €1.1m to €2.2m
- Profit (loss) carried forward -€532,372
down €532,372 (-10.9%), from -€4.9m to -€5.4m
- Other operating charges -€411,933
down €411,933 (-90.5%), from €454,999 to €43,065
- Financial charges -€78,985
down €78,985 (-19.2%), from €412,043 to €333,059
- Financial income +€6,997
up €6,997 (+1327.3%), from €527 to €7,524
- Gross operating margin +€3,843
up €3,843 (+2.3%), from -€167,615 to -€163,772
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 | €26,187,463 | €34,033,292 | +€7.8m | +30.0% |
| Fixed assets | 21/28 | €25,506,453 | €33,526,991 | +€8.0m | +31.4% |
| Tangible fixed assets | 22/27 | €25,506,452 | €33,526,990 | +€8.0m | +31.4% |
| Land and buildings | 22 | €20,636,626 | €20,636,626 | = | 0.0% |
| Assets under construction and advance payments | 27 | €4,869,826 | €12,890,363 | +€8.0m | +164.7% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €681,010 | €506,301 | -€174,709 | -25.7% |
| Amounts receivable within one year | 40/41 | €646,803 | €247,877 | -€398,926 | -61.7% |
| Other amounts receivable | 41 | €646,803 | €247,877 | -€398,926 | -61.7% |
| Cash at bank and in hand | 54/58 | €34,207 | €258,424 | +€224,217 | +655.5% |
| Total equity and liabilities | 10/49 | €26,187,463 | €34,033,292 | +€7.8m | +30.0% |
| Equity | 10/15 | -€4,849,201 | €618,427 | +€5.5m | |
| Contributions | 10/11 | €18,600 | €6,018,600 | +€6.0m | +32258.1% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,869,661 | -€5,402,033 | -€532,372 | -10.9% |
| Amounts payable | 17/49 | €31,036,664 | €33,414,865 | +€2.4m | +7.7% |
| Amounts payable after more than one year | 17 | €14,920,000 | €20,625,716 | +€5.7m | +38.2% |
| Financial debts | 170/4 | €14,920,000 | €20,625,716 | +€5.7m | +38.2% |
| Amounts payable within one year | 42/48 | €16,088,689 | €12,657,879 | -€3.4m | -21.3% |
| Financial debts | 43 | €14,966,067 | €10,457,028 | -€4.5m | -30.1% |
| Other loans | 439 | €14,966,067 | €10,457,028 | -€4.5m | -30.1% |
| Trade debts | 44 | €1,122,623 | €2,185,857 | +€1.1m | +94.7% |
| Suppliers | 440/4 | €1,122,623 | €2,185,857 | +€1.1m | +94.7% |
| Taxes, remuneration and social security | 45 | - | €14,994 | +€14,994 | |
| Taxes | 450/3 | - | €14,994 | +€14,994 | |
| Accrued charges and deferred income | 492/3 | €27,975 | €131,270 | +€103,295 | +369.2% |
| Other operating charges | 640/8 | €454,999 | €43,065 | -€411,933 | -90.5% |
| Gross operating margin | 9900 | -€167,615 | -€163,772 | +€3,843 | +2.3% |
| Operating profit (loss) | 9901 | -€622,614 | -€206,838 | +€415,777 | +66.8% |
| Financial income | 75/76B | €527 | €7,524 | +€6,997 | +1327.3% |
| Recurring financial income | 75 | €527 | €7,524 | +€6,997 | +1327.3% |
| Financial charges | 65/66B | €412,043 | €333,059 | -€78,985 | -19.2% |
| Recurring financial charges | 65 | €412,043 | €333,059 | -€78,985 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,034,130 | -€532,372 | +€501,758 | +48.5% |
| Profit (loss) for the period | 9904 | -€1,034,130 | -€532,372 | +€501,758 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,034,130 | -€532,372 | +€501,758 | +48.5% |
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 12 October 2026 via checked.be.