MG LAW: 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 LAW
Largest movements
- Cash +€17,206
up €17,206 (+41.1%), from €41,852 to €59,058
mainly Net result for the year (+€30,107) and Depreciation (+€955)
- Receivables within one year +€4,053
up €4,053 (+80.0%), from €5,064 to €9,116
of which Trade receivables: +€3,927
- Deferred charges and accrued income +€2,025
new in 2026: €2,025
- Tangible fixed assets -€734
down €734 (-35.4%), from €2,072 to €1,337
- Profit (loss) carried forward +€30,107
new in 2026: €30,107
- Tax, wage and social debts -€3,521
down €3,521 (-18.9%), from €18,593 to €15,073
- Other debts -€2,770
down €2,770 (-100%), from €2,770 to €0
- Accrued charges and deferred income -€1,500
down €1,500 (-100%), from €1,500 to €0
- Gross operating margin +€4,467
up €4,467 (+12.6%), from €35,330 to €39,797
- Taxes -€1,186
down €1,186 (-12.4%), from €9,552 to €8,367
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,208 | €71,537 | +€22,328 | +45.4% |
| Formation expenses | 20 | €221 | €0 | -€221 | -100% |
| Fixed assets | 21/28 | €2,072 | €1,337 | -€734 | -35.4% |
| Tangible fixed assets | 22/27 | €2,072 | €1,337 | -€734 | -35.4% |
| Furniture and vehicles | 24 | €2,072 | €1,337 | -€734 | -35.4% |
| Current assets | 29/58 | €46,915 | €70,199 | +€23,284 | +49.6% |
| Amounts receivable within one year | 40/41 | €5,064 | €9,116 | +€4,053 | +80.0% |
| Trade receivables | 40 | €5,064 | €8,990 | +€3,927 | +77.5% |
| Other amounts receivable | 41 | - | €126 | +€126 | |
| Cash at bank and in hand | 54/58 | €41,852 | €59,058 | +€17,206 | +41.1% |
| Deferred charges and accrued income | 490/1 | - | €2,025 | +€2,025 | |
| Total equity and liabilities | 10/49 | €49,208 | €71,537 | +€22,328 | +45.4% |
| Equity | 10/15 | €26,130 | €56,237 | +€30,107 | +115% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €24,630 | €24,630 | = | 0.0% |
| Distributable reserves | 133 | €24,630 | €24,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €30,107 | +€30,107 | |
| Amounts payable | 17/49 | €23,078 | €15,300 | -€7,778 | -33.7% |
| Amounts payable within one year | 42/48 | €21,578 | €15,300 | -€6,278 | -29.1% |
| Trade debts | 44 | €215 | €227 | +€12 | +5.6% |
| Suppliers | 440/4 | €215 | €227 | +€12 | +5.6% |
| Taxes, remuneration and social security | 45 | €18,593 | €15,073 | -€3,521 | -18.9% |
| Taxes | 450/3 | €18,593 | €15,073 | -€3,521 | -18.9% |
| Other amounts payable | 47/48 | €2,770 | €0 | -€2,770 | -100% |
| Accrued charges and deferred income | 492/3 | €1,500 | €0 | -€1,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €654 | €955 | +€301 | +46.0% |
| Other operating charges | 640/8 | €411 | €159 | -€252 | -61.3% |
| Gross operating margin | 9900 | €35,330 | €39,797 | +€4,467 | +12.6% |
| Operating profit (loss) | 9901 | €34,265 | €38,683 | +€4,418 | +12.9% |
| Financial charges | 65/66B | €82 | €209 | +€127 | +154% |
| Recurring financial charges | 65 | €82 | €209 | +€127 | +154% |
| Profit (loss) for the period before taxes | 9903 | €34,183 | €38,474 | +€4,291 | +12.6% |
| Income taxes | 67/77 | €9,552 | €8,367 | -€1,186 | -12.4% |
| Profit (loss) for the period | 9904 | €24,630 | €30,107 | +€5,477 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,630 | €30,107 | +€5,477 | +22.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.