MG MANAGEMENT CONSULTING: 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 MANAGEMENT CONSULTING
Largest movements
- Financial fixed assets +€325,901
up €325,901 (+78.3%), from €416,025 to €741,926
- Tangible fixed assets -€138,133
down €138,133 (-5.6%), from €2.5m to €2.3m
of which Land and buildings: -€116,471
- Receivables within one year +€39,266
up €39,266 (+67.0%), from €58,649 to €97,915
of which Trade receivables: +€57,323
- Current portion of long-term debt +€153,400
up €153,400 (+54.2%), from €282,946 to €436,346
- Debts after one year +€101,944
up €101,944 (+4.2%), from €2.4m to €2.5m
- Other debts -€34,569
down €34,569 (-67.7%), from €51,069 to €16,500
- Depreciation +€53,516
up €53,516 (+57.7%), from €92,713 to €146,229
- Gross operating margin +€38,162
up €38,162 (+10.3%), from €371,952 to €410,114
- Taxes -€8,234
down €8,234 (-33.1%), from €24,855 to €16,621
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 | €2,953,250 | €3,187,084 | +€233,835 | +7.9% |
| Fixed assets | 21/28 | €2,872,583 | €3,060,352 | +€187,769 | +6.5% |
| Tangible fixed assets | 22/27 | €2,456,558 | €2,318,425 | -€138,133 | -5.6% |
| Land and buildings | 22 | €2,344,540 | €2,228,070 | -€116,471 | -5.0% |
| Plant, machinery and equipment | 23 | €5,567 | €3,978 | -€1,589 | -28.5% |
| Furniture and vehicles | 24 | €4,335 | €9,688 | +€5,353 | +123% |
| Leasing and similar rights | 25 | €100,170 | €75,529 | -€24,641 | -24.6% |
| Other tangible fixed assets | 26 | €1,945 | €1,161 | -€785 | -40.3% |
| Financial fixed assets | 28 | €416,025 | €741,926 | +€325,901 | +78.3% |
| Current assets | 29/58 | €80,667 | €126,733 | +€46,066 | +57.1% |
| Amounts receivable within one year | 40/41 | €58,649 | €97,915 | +€39,266 | +67.0% |
| Trade receivables | 40 | €18,150 | €75,473 | +€57,323 | +316% |
| Other amounts receivable | 41 | €40,499 | €22,442 | -€18,057 | -44.6% |
| Cash at bank and in hand | 54/58 | €19,621 | €27,095 | +€7,474 | +38.1% |
| Deferred charges and accrued income | 490/1 | €2,397 | €1,723 | -€674 | -28.1% |
| Total equity and liabilities | 10/49 | €2,953,250 | €3,187,084 | +€233,835 | +7.9% |
| Equity | 10/15 | €20,516 | €52,077 | +€31,561 | +154% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,508 | €1,508 | = | 0.0% |
| Distributable reserves | 133 | €1,508 | €1,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | €408 | €31,969 | +€31,561 | +7,745% |
| Amounts payable | 17/49 | €2,932,734 | €3,135,007 | +€202,274 | +6.9% |
| Amounts payable after more than one year | 17 | €2,433,225 | €2,535,169 | +€101,944 | +4.2% |
| Financial debts | 170/4 | €2,433,225 | €2,535,169 | +€101,944 | +4.2% |
| Amounts payable within one year | 42/48 | €499,508 | €599,838 | +€100,329 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €282,946 | €436,346 | +€153,400 | +54.2% |
| Trade debts | 44 | €93,522 | €89,061 | -€4,460 | -4.8% |
| Suppliers | 440/4 | €93,522 | €89,061 | -€4,460 | -4.8% |
| Taxes, remuneration and social security | 45 | €71,972 | €57,930 | -€14,041 | -19.5% |
| Taxes | 450/3 | €65,318 | €44,799 | -€20,519 | -31.4% |
| Remuneration and social security | 454/9 | €6,654 | €13,131 | +€6,477 | +97.4% |
| Other amounts payable | 47/48 | €51,069 | €16,500 | -€34,569 | -67.7% |
| Remuneration, social security and pensions | 62 | €47,034 | €49,172 | +€2,139 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,713 | €146,229 | +€53,516 | +57.7% |
| Other operating charges | 640/8 | €58,044 | €57,120 | -€924 | -1.6% |
| Gross operating margin | 9900 | €371,952 | €410,114 | +€38,162 | +10.3% |
| Operating profit (loss) | 9901 | €174,162 | €157,593 | -€16,569 | -9.5% |
| Financial charges | 65/66B | €89,052 | €92,912 | +€3,859 | +4.3% |
| Recurring financial charges | 65 | €88,349 | €91,838 | +€3,488 | +3.9% |
| Non-recurring financial charges | 66B | €703 | €1,074 | +€371 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | €85,109 | €64,682 | -€20,428 | -24.0% |
| Income taxes | 67/77 | €24,855 | €16,621 | -€8,234 | -33.1% |
| Profit (loss) for the period | 9904 | €60,254 | €48,061 | -€12,193 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,254 | €48,061 | -€12,193 | -20.2% |
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 24 October 2026 via checked.be.