MG INOVATION: 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 INOVATION
Largest movements
- Cash +€28,820
up €28,820 (+878%), from €3,283 to €32,103
mainly Receivables within one year (+€16,611) and Net result for the year (+€8,629)
- Receivables within one year -€16,611
down €16,611 (-15.7%), from €106,081 to €89,470
of which Other amounts receivable: -€17,828
- Deferred charges and accrued income +€2,381
up €2,381 (+70.3%), from €3,388 to €5,769
- Profit (loss) carried forward +€8,629
up €8,629 (+8.5%), from €101,510 to €110,139
- Trade debts +€4,302
up €4,302 (+37.4%), from €11,488 to €15,791
- Accrued charges and deferred income +€1,404
new in 2025: €1,404
- Turnover +€58,428
up €58,428 (+28.4%), from €205,790 to €264,218
- Purchases and services +€49,500
up €49,500 (+30.7%), from €161,022 to €210,523
- Gross operating margin +€8,927
up €8,927 (+19.9%), from €44,768 to €53,696
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 | €121,652 | €136,826 | +€15,174 | +12.5% |
| Fixed assets | 21/28 | €8,900 | €9,484 | +€584 | +6.6% |
| Tangible fixed assets | 22/27 | €8,900 | €9,484 | +€584 | +6.6% |
| Plant, machinery and equipment | 23 | €5,285 | €7,502 | +€2,217 | +41.9% |
| Furniture and vehicles | 24 | €3,615 | €1,982 | -€1,633 | -45.2% |
| Current assets | 29/58 | €112,752 | €127,343 | +€14,591 | +12.9% |
| Amounts receivable within one year | 40/41 | €106,081 | €89,470 | -€16,611 | -15.7% |
| Trade receivables | 40 | €84,594 | €85,811 | +€1,217 | +1.4% |
| Other amounts receivable | 41 | €21,487 | €3,659 | -€17,828 | -83.0% |
| Cash at bank and in hand | 54/58 | €3,283 | €32,103 | +€28,820 | +878% |
| Deferred charges and accrued income | 490/1 | €3,388 | €5,769 | +€2,381 | +70.3% |
| Total equity and liabilities | 10/49 | €121,652 | €136,826 | +€15,174 | +12.5% |
| Equity | 10/15 | €106,510 | €115,139 | +€8,629 | +8.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,510 | €110,139 | +€8,629 | +8.5% |
| Amounts payable | 17/49 | €15,142 | €21,687 | +€6,546 | +43.2% |
| Amounts payable within one year | 42/48 | €15,142 | €20,283 | +€5,142 | +34.0% |
| Trade debts | 44 | €11,488 | €15,791 | +€4,302 | +37.4% |
| Suppliers | 440/4 | €11,488 | €15,791 | +€4,302 | +37.4% |
| Taxes, remuneration and social security | 45 | €3,653 | €4,493 | +€839 | +23.0% |
| Taxes | 450/3 | €1,516 | €2,296 | +€780 | +51.4% |
| Remuneration and social security | 454/9 | €2,137 | €2,197 | +€60 | +2.8% |
| Accrued charges and deferred income | 492/3 | - | €1,404 | +€1,404 | |
| Turnover | 70 | €205,790 | €264,218 | +€58,428 | +28.4% |
| Non-recurring operating income | 76A | - | €3,183 | +€3,183 | |
| Goods, raw materials, services and sundry goods | 60/61 | €161,022 | €210,523 | +€49,500 | +30.7% |
| Remuneration, social security and pensions | 62 | €37,725 | €38,924 | +€1,199 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,124 | €3,349 | +€226 | +7.2% |
| Other operating charges | 640/8 | €23 | €66 | +€43 | +186% |
| Gross operating margin | 9900 | €44,768 | €53,696 | +€8,927 | +19.9% |
| Operating profit (loss) | 9901 | €3,897 | €11,356 | +€7,460 | +191% |
| Financial income | 75/76B | €606 | €18 | -€588 | -97.0% |
| Recurring financial income | 75 | €606 | €18 | -€588 | -97.0% |
| Financial charges | 65/66B | €229 | €450 | +€221 | +96.6% |
| Recurring financial charges | 65 | €229 | €450 | +€221 | +96.6% |
| Profit (loss) for the period before taxes | 9903 | €4,274 | €10,924 | +€6,650 | +156% |
| Income taxes | 67/77 | €855 | €2,296 | +€1,441 | +168% |
| Profit (loss) for the period | 9904 | €3,419 | €8,629 | +€5,210 | +152% |
| Profit (loss) for the period to be appropriated | 9905 | €3,419 | €8,629 | +€5,210 | +152% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.