MG Metal: 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 Metal
Largest movements
- Receivables within one year -€10,380
down €10,380 (-36.0%), from €28,823 to €18,443
of which Other amounts receivable: -€15,832
- Tangible fixed assets -€5,915
down €5,915 (-73.6%), from €8,039 to €2,125
of which Furniture and vehicles: -€5,915
- Deferred charges and accrued income +€5,220
up €5,220 (+31.1%), from €16,759 to €21,980
- Trade debts -€5,385
down €5,385 (-92.6%), from €5,813 to €429
- Debts after one year -€4,428
down €4,428 (-39.7%), from €11,158 to €6,730
- Short-term financial debts +€2,882
up €2,882 (+26.4%), from €10,897 to €13,778
- Profit (loss) carried forward -€2,593
down €2,593 (-94.8%), from €2,734 to €141
- Accrued charges and deferred income -€964
no longer reported in 2025 (was €964)
- Financial charges +€18,590
up €18,590 (+314%), from €5,925 to €24,515
of which Non-recurring financial charges: +€20,709
- Taxes -€10,669
no longer reported in 2025 (was €10,669)
- Gross operating margin +€5,123
up €5,123 (+11.6%), from €44,029 to €49,152
- Financial income -€1,129
no longer reported in 2025 (was €1,129)
- Staff costs -€710
down €710 (-3.4%), from €20,604 to €19,894
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,003 | €42,929 | -€11,074 | -20.5% |
| Fixed assets | 21/28 | €8,420 | €2,506 | -€5,915 | -70.2% |
| Tangible fixed assets | 22/27 | €8,039 | €2,125 | -€5,915 | -73.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €8,039 | €2,125 | -€5,915 | -73.6% |
| Financial fixed assets | 28 | €381 | €381 | = | 0.0% |
| Current assets | 29/58 | €45,583 | €40,423 | -€5,160 | -11.3% |
| Amounts receivable within one year | 40/41 | €28,823 | €18,443 | -€10,380 | -36.0% |
| Trade receivables | 40 | €11,777 | €17,229 | +€5,452 | +46.3% |
| Other amounts receivable | 41 | €17,046 | €1,214 | -€15,832 | -92.9% |
| Deferred charges and accrued income | 490/1 | €16,759 | €21,980 | +€5,220 | +31.1% |
| Total equity and liabilities | 10/49 | €54,003 | €42,929 | -€11,074 | -20.5% |
| Equity | 10/15 | €17,109 | €14,516 | -€2,593 | -15.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,734 | €141 | -€2,593 | -94.8% |
| Amounts payable | 17/49 | €36,893 | €28,412 | -€8,481 | -23.0% |
| Amounts payable after more than one year | 17 | €11,158 | €6,730 | -€4,428 | -39.7% |
| Financial debts | 170/4 | €11,158 | €6,730 | -€4,428 | -39.7% |
| Amounts payable within one year | 42/48 | €24,771 | €21,682 | -€3,089 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €5,298 | €4,428 | -€871 | -16.4% |
| Financial debts | 43 | €10,897 | €13,778 | +€2,882 | +26.4% |
| Credit institutions | 430/8 | €10,897 | €13,778 | +€2,882 | +26.4% |
| Trade debts | 44 | €5,813 | €429 | -€5,385 | -92.6% |
| Suppliers | 440/4 | €5,813 | €429 | -€5,385 | -92.6% |
| Taxes, remuneration and social security | 45 | €2,763 | €2,620 | -€143 | -5.2% |
| Remuneration and social security | 454/9 | €2,763 | €2,620 | -€143 | -5.2% |
| Other amounts payable | 47/48 | - | €427 | +€427 | |
| Accrued charges and deferred income | 492/3 | €964 | - | -€964 | |
| Remuneration, social security and pensions | 62 | €20,604 | €19,894 | -€710 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,915 | €5,915 | = | 0.0% |
| Other operating charges | 640/8 | €1,148 | €1,174 | +€26 | +2.3% |
| Non-recurring operating charges | 66A | €449 | €247 | -€202 | -45.0% |
| Gross operating margin | 9900 | €44,029 | €49,152 | +€5,123 | +11.6% |
| Operating profit (loss) | 9901 | €15,914 | €21,922 | +€6,008 | +37.8% |
| Financial income | 75/76B | €1,129 | - | -€1,129 | |
| Recurring financial income | 75 | €1,129 | - | -€1,129 | |
| Financial charges | 65/66B | €5,925 | €24,515 | +€18,590 | +314% |
| Recurring financial charges | 65 | €5,925 | €3,806 | -€2,120 | -35.8% |
| Non-recurring financial charges | 66B | - | €20,709 | +€20,709 | |
| Profit (loss) for the period before taxes | 9903 | €11,117 | -€2,593 | -€13,710 | |
| Income taxes | 67/77 | €10,669 | - | -€10,669 | |
| Profit (loss) for the period | 9904 | €448 | -€2,593 | -€3,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €448 | -€2,593 | -€3,041 |
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 1 November 2026 via checked.be.