MG IMMOBILIER: what changed
MG IMMOBILIER
Largest movements
- Receivables within one year -€10,886
down €10,886 (-69.9%), from €15,573 to €4,686
of which Trade receivables: -€10,886
- Tangible fixed assets -€7,867
down €7,867 (-5.4%), from €145,451 to €137,584
of which Land and buildings: -€5,010
- Debts after one year -€16,000
down €16,000 (-26.7%), from €60,000 to €44,000
- Trade debts -€4,529
down €4,529 (-64.4%), from €7,037 to €2,508
- Reserves -€4,299
down €4,299 (-23.5%), from €18,299 to €14,000
- Other debts +€3,958
up €3,958 (+5.1%), from €78,364 to €82,321
- Tax, wage and social debts +€2,185
up €2,185 (+2,666%), from €82 to €2,267
- Gross operating margin +€2,669
up €2,669 (+48.2%), from €5,541 to €8,210
- Depreciation +€1,370
up €1,370 (+15.1%), from €9,053 to €10,423
- Financial charges -€149
down €149 (-22.5%), from €661 to €512
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,746 | €144,548 | -€17,199 | -10.6% |
| Fixed assets | 21/28 | €145,460 | €137,584 | -€7,877 | -5.4% |
| Intangible fixed assets | 21 | €9 | €0 | -€9 | -100% |
| Tangible fixed assets | 22/27 | €145,451 | €137,584 | -€7,867 | -5.4% |
| Land and buildings | 22 | €129,701 | €124,691 | -€5,010 | -3.9% |
| Plant, machinery and equipment | 23 | €14,301 | €11,774 | -€2,526 | -17.7% |
| Furniture and vehicles | 24 | €1,450 | €1,118 | -€332 | -22.9% |
| Current assets | 29/58 | €16,286 | €6,964 | -€9,322 | -57.2% |
| Amounts receivable within one year | 40/41 | €15,573 | €4,686 | -€10,886 | -69.9% |
| Trade receivables | 40 | €15,573 | €4,686 | -€10,886 | -69.9% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €713 | €2,277 | +€1,564 | +219% |
| Total equity and liabilities | 10/49 | €161,746 | €144,548 | -€17,199 | -10.6% |
| Equity | 10/15 | €14,339 | €10,795 | -€3,544 | -24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,299 | €14,000 | -€4,299 | -23.5% |
| Tax-exempt reserves | 132 | €18,299 | €14,000 | -€4,299 | -23.5% |
| Profit (loss) carried forward | 14 | -€22,560 | -€21,805 | +€755 | +3.3% |
| Amounts payable | 17/49 | €147,407 | €133,753 | -€13,655 | -9.3% |
| Amounts payable after more than one year | 17 | €60,000 | €44,000 | -€16,000 | -26.7% |
| Financial debts | 170/4 | €60,000 | €44,000 | -€16,000 | -26.7% |
| Amounts payable within one year | 42/48 | €85,482 | €87,096 | +€1,614 | +1.9% |
| Trade debts | 44 | €7,037 | €2,508 | -€4,529 | -64.4% |
| Suppliers | 440/4 | €7,037 | €2,508 | -€4,529 | -64.4% |
| Taxes, remuneration and social security | 45 | €82 | €2,267 | +€2,185 | +2,666% |
| Taxes | 450/3 | €82 | €2,267 | +€2,185 | +2,666% |
| Other amounts payable | 47/48 | €78,364 | €82,321 | +€3,958 | +5.1% |
| Accrued charges and deferred income | 492/3 | €1,925 | €2,657 | +€732 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,053 | €10,423 | +€1,370 | +15.1% |
| Other operating charges | 640/8 | €792 | €819 | +€27 | +3.4% |
| Gross operating margin | 9900 | €5,541 | €8,210 | +€2,669 | +48.2% |
| Operating profit (loss) | 9901 | -€4,304 | -€3,032 | +€1,272 | +29.6% |
| Financial charges | 65/66B | €661 | €512 | -€149 | -22.5% |
| Recurring financial charges | 65 | €661 | €512 | -€149 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,965 | -€3,544 | +€1,421 | +28.6% |
| Profit (loss) for the period | 9904 | -€4,965 | -€3,544 | +€1,421 | +28.6% |
| Transfer from tax-exempt reserves | 789 | €930 | €4,299 | +€3,369 | +362% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,035 | €755 | +€4,790 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.