MG Pitche: 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 Pitche
Largest movements
- Cash +€12,916
up €12,916 (+1,361%), from €949 to €13,866
mainly Other debts (+€32,302) and Trade debts (+€20,744)
- Receivables within one year +€9,238
up €9,238 (+225%), from €4,102 to €13,340
- Tangible fixed assets +€9,039
up €9,039 (+501%), from €1,803 to €10,842
of which Furniture and vehicles: +€8,599
- Other debts +€32,302
up €32,302 (+124%), from €25,988 to €58,289
- Profit (loss) carried forward -€29,944
down €29,944 (-109%), from -€27,554 to -€57,497
- Trade debts +€20,744
up €20,744 (+4,752%), from €436 to €21,180
- Debts after one year +€6,728
new in 2025: €6,728
- Current portion of long-term debt +€4,241
new in 2025: €4,241
- Gross operating margin -€21,979
down €21,979 (-527%), from -€4,168 to -€26,147
- Other operating charges -€5,203
down €5,203 (-85.3%), from €6,100 to €897
- Financial charges -€2,029
down €2,029 (-64.8%), from €3,133 to €1,104
- Depreciation +€620
up €620 (+61.3%), from €1,012 to €1,632
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 | €7,832 | €38,889 | +€31,057 | +397% |
| Fixed assets | 21/28 | €1,858 | €10,897 | +€9,039 | +486% |
| Tangible fixed assets | 22/27 | €1,803 | €10,842 | +€9,039 | +501% |
| Plant, machinery and equipment | 23 | €658 | €1,098 | +€440 | +67.0% |
| Furniture and vehicles | 24 | €1,146 | €9,745 | +€8,599 | +751% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €5,974 | €27,992 | +€22,018 | +369% |
| Amounts receivable within one year | 40/41 | €4,102 | €13,340 | +€9,238 | +225% |
| Trade receivables | 40 | €4,102 | €13,340 | +€9,238 | +225% |
| Cash at bank and in hand | 54/58 | €949 | €13,866 | +€12,916 | +1,361% |
| Deferred charges and accrued income | 490/1 | €923 | €787 | -€136 | -14.8% |
| Total equity and liabilities | 10/49 | €7,832 | €38,889 | +€31,057 | +397% |
| Equity | 10/15 | -€23,554 | -€53,497 | -€29,944 | -127% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,554 | -€57,497 | -€29,944 | -109% |
| Amounts payable | 17/49 | €31,386 | €92,387 | +€61,001 | +194% |
| Amounts payable after more than one year | 17 | - | €6,728 | +€6,728 | |
| Financial debts | 170/4 | - | €6,728 | +€6,728 | |
| Amounts payable within one year | 42/48 | €31,386 | €85,658 | +€54,272 | +173% |
| Current portion of amounts payable after more than one year | 42 | - | €4,241 | +€4,241 | |
| Trade debts | 44 | €436 | €21,180 | +€20,744 | +4,752% |
| Suppliers | 440/4 | €436 | €21,180 | +€20,744 | +4,752% |
| Taxes, remuneration and social security | 45 | €4,962 | €1,948 | -€3,013 | -60.7% |
| Taxes | 450/3 | €4,962 | €1,948 | -€3,013 | -60.7% |
| Other amounts payable | 47/48 | €25,988 | €58,289 | +€32,302 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,012 | €1,632 | +€620 | +61.3% |
| Other operating charges | 640/8 | €6,100 | €897 | -€5,203 | -85.3% |
| Gross operating margin | 9900 | -€4,168 | -€26,147 | -€21,979 | -527% |
| Operating profit (loss) | 9901 | -€11,280 | -€28,677 | -€17,397 | -154% |
| Financial income | 75/76B | €86 | - | -€86 | |
| Recurring financial income | 75 | €86 | - | -€86 | |
| Financial charges | 65/66B | €3,133 | €1,104 | -€2,029 | -64.8% |
| Recurring financial charges | 65 | €3,133 | €1,104 | -€2,029 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,328 | -€29,781 | -€15,453 | -108% |
| Income taxes | 67/77 | €128 | €163 | +€35 | +27.3% |
| Profit (loss) for the period | 9904 | -€14,456 | -€29,944 | -€15,488 | -107% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,456 | -€29,944 | -€15,488 | -107% |
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 15 October 2026 via checked.be.