MG NOVA: what changed
Two fiscal 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 NOVA
Largest movements
- Receivables within one year -€11,172
down €11,172 (-68.4%), from €16,338 to €5,165
of which Trade receivables: -€11,173
- Cash -€3,471
down €3,471 (-23.8%), from €14,577 to €11,106
mainly Other debts (-€12,382) and Investment in fixed assets (net) (-€8,499)
- Tangible fixed assets +€2,677
up €2,677 (+8.5%), from €31,435 to €34,112
of which Land and buildings: +€3,520
- Other debts -€12,382
down €12,382 (-33.4%), from €37,042 to €24,660
- Profit (loss) carried forward +€4,032
up €4,032, from -€3,939 to €93
- Trade debts -€3,405
down €3,405 (-70.6%), from €4,826 to €1,420
- Accrued charges and deferred income +€3,000
up €3,000 (+33.3%), from €9,000 to €12,000
- Investment grants -€2,434
down €2,434 (-100.0%), from €2,434 to €0
- Gross operating margin +€18,211
up €18,211 (+971.8%), from €1,874 to €20,085
- Other operating charges +€4,385
up €4,385 (+397.0%), from €1,105 to €5,490
- Financial income +€2,424
up €2,424 (+25278.9%), from €10 to €2,434
- Depreciation +€1,649
up €1,649 (+39.5%), from €4,173 to €5,822
- Financial charges -€231
down €231 (-15.7%), from €1,473 to €1,242
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.
Cash bridge derived
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 | €62,493 | €50,530 | -€11,963 | -19.1% |
| Fixed assets | 21/28 | €31,435 | €34,112 | +€2,677 | +8.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €31,435 | €34,112 | +€2,677 | +8.5% |
| Land and buildings | 22 | €29,544 | €33,064 | +€3,520 | +11.9% |
| Plant, machinery and equipment | 23 | €133 | €10 | -€123 | -92.4% |
| Furniture and vehicles | 24 | €1,757 | €1,037 | -€720 | -41.0% |
| Current assets | 29/58 | €31,058 | €16,418 | -€14,640 | -47.1% |
| Amounts receivable within one year | 40/41 | €16,338 | €5,165 | -€11,172 | -68.4% |
| Trade receivables | 40 | €16,336 | €5,163 | -€11,173 | -68.4% |
| Other amounts receivable | 41 | €2 | €2 | +€0 | +23.9% |
| Cash at bank and in hand | 54/58 | €14,577 | €11,106 | -€3,471 | -23.8% |
| Deferred charges and accrued income | 490/1 | €143 | €146 | +€3 | +2.0% |
| Total equity and liabilities | 10/49 | €62,493 | €50,530 | -€11,963 | -19.1% |
| Equity | 10/15 | €10,683 | €12,281 | +€1,598 | +15.0% |
| Contributions | 10/11 | €12,188 | €12,188 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€3,939 | €93 | +€4,032 | |
| Investment grants | 15 | €2,434 | €0 | -€2,434 | -100.0% |
| Amounts payable | 17/49 | €51,810 | €38,249 | -€13,561 | -26.2% |
| Amounts payable within one year | 42/48 | €42,810 | €26,249 | -€16,561 | -38.7% |
| Financial debts | 43 | €432 | €0 | -€432 | -100.0% |
| Credit institutions | 430/8 | €432 | €0 | -€432 | -100.0% |
| Trade debts | 44 | €4,826 | €1,420 | -€3,405 | -70.6% |
| Suppliers | 440/4 | €4,826 | €1,420 | -€3,405 | -70.6% |
| Taxes, remuneration and social security | 45 | €510 | €169 | -€341 | -66.9% |
| Taxes | 450/3 | €510 | €169 | -€341 | -66.9% |
| Other amounts payable | 47/48 | €37,042 | €24,660 | -€12,382 | -33.4% |
| Accrued charges and deferred income | 492/3 | €9,000 | €12,000 | +€3,000 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,173 | €5,822 | +€1,649 | +39.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €133 | +€133 | |
| Other operating charges | 640/8 | €1,105 | €5,490 | +€4,385 | +397.0% |
| Gross operating margin | 9900 | €1,874 | €20,085 | +€18,211 | +971.8% |
| Operating profit (loss) | 9901 | -€3,404 | €8,640 | +€12,044 | |
| Financial income | 75/76B | €10 | €2,434 | +€2,424 | +25278.9% |
| Recurring financial income | 75 | €10 | €2,434 | +€2,424 | +25278.9% |
| Financial charges | 65/66B | €1,473 | €1,242 | -€231 | -15.7% |
| Recurring financial charges | 65 | €1,473 | €1,242 | -€231 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,867 | €9,832 | +€14,699 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,867 | €9,832 | +€14,699 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,867 | €9,832 | +€14,699 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.