MG KAL: 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 KAL
Largest movements
- Cash +€29,096
up €29,096 (+16.5%), from €176,289 to €205,384
mainly Net result for the year (+€24,683) and Other debts (+€16,664)
- Tangible fixed assets -€3,803
down €3,803 (-32.3%), from €11,762 to €7,959
of which Plant, machinery and equipment: -€2,489
- Receivables within one year +€2,455
up €2,455 (+28.8%), from €8,510 to €10,965
- Other debts +€16,664
up €16,664 (+2,954%), from €564 to €17,228
- Reserves +€7,500
up €7,500 (+5.2%), from €145,360 to €152,860
- Gross operating margin -€12,311
down €12,311 (-21.3%), from €57,737 to €45,426
- Taxes +€1,398
up €1,398 (+9.2%), from €15,142 to €16,540
- Financial income +€916
up €916 (+491%), from €187 to €1,103
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 | €218,670 | €244,124 | +€25,453 | +11.6% |
| Fixed assets | 21/28 | €11,848 | €8,045 | -€3,803 | -32.1% |
| Tangible fixed assets | 22/27 | €11,762 | €7,959 | -€3,803 | -32.3% |
| Plant, machinery and equipment | 23 | €7,474 | €4,984 | -€2,489 | -33.3% |
| Furniture and vehicles | 24 | €4,288 | €2,974 | -€1,314 | -30.6% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €206,822 | €236,078 | +€29,256 | +14.1% |
| Amounts receivable within one year | 40/41 | €8,510 | €10,965 | +€2,455 | +28.8% |
| Trade receivables | 40 | €8,510 | €10,965 | +€2,455 | +28.8% |
| Cash at bank and in hand | 54/58 | €176,289 | €205,384 | +€29,096 | +16.5% |
| Deferred charges and accrued income | 490/1 | €22,023 | €19,729 | -€2,294 | -10.4% |
| Total equity and liabilities | 10/49 | €218,670 | €244,124 | +€25,453 | +11.6% |
| Equity | 10/15 | €195,848 | €203,531 | +€7,683 | +3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €145,360 | €152,860 | +€7,500 | +5.2% |
| Distributable reserves | 133 | €145,360 | €152,860 | +€7,500 | +5.2% |
| Profit (loss) carried forward | 14 | €44,288 | €44,471 | +€183 | +0.4% |
| Amounts payable | 17/49 | €22,822 | €40,592 | +€17,770 | +77.9% |
| Amounts payable within one year | 42/48 | €22,822 | €40,592 | +€17,770 | +77.9% |
| Current portion of amounts payable after more than one year | 42 | €1,046 | €1,041 | -€5 | -0.4% |
| Trade debts | 44 | €3,852 | €2,683 | -€1,170 | -30.4% |
| Suppliers | 440/4 | €3,852 | €2,683 | -€1,170 | -30.4% |
| Taxes, remuneration and social security | 45 | €17,359 | €19,640 | +€2,280 | +13.1% |
| Taxes | 450/3 | €17,359 | €19,640 | +€2,280 | +13.1% |
| Other amounts payable | 47/48 | €564 | €17,228 | +€16,664 | +2,954% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,469 | €4,308 | -€161 | -3.6% |
| Other operating charges | 640/8 | €557 | €564 | +€7 | +1.3% |
| Gross operating margin | 9900 | €57,737 | €45,426 | -€12,311 | -21.3% |
| Operating profit (loss) | 9901 | €52,712 | €40,554 | -€12,158 | -23.1% |
| Financial income | 75/76B | €187 | €1,103 | +€916 | +491% |
| Recurring financial income | 75 | €187 | €1,103 | +€916 | +491% |
| Financial charges | 65/66B | €489 | €434 | -€55 | -11.3% |
| Recurring financial charges | 65 | €489 | €434 | -€55 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €52,410 | €41,223 | -€11,187 | -21.3% |
| Income taxes | 67/77 | €15,142 | €16,540 | +€1,398 | +9.2% |
| Profit (loss) for the period | 9904 | €37,267 | €24,683 | -€12,584 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,267 | €24,683 | -€12,584 | -33.8% |
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 18 October 2026 via checked.be.