MG PNEU: 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 PNEU
Largest movements
- Cash +€29,647
up €29,647 (+9.6%), from €308,336 to €337,983
mainly Net result for the year (+€48,121) and Depreciation (+€11,623)
- Stocks and contracts +€10,940
up €10,940 (+17.8%), from €61,326 to €72,266
- Tangible fixed assets +€5,267
up €5,267 (+23.5%), from €22,436 to €27,702
of which Plant, machinery and equipment: +€4,465
- Profit (loss) carried forward +€48,121
up €48,121 (+33.2%), from €144,824 to €192,945
- Staff costs +€33,124
up €33,124 (+23.7%), from €139,701 to €172,825
- Taxes -€12,367
down €12,367 (-39.8%), from €31,092 to €18,724
- Gross operating margin -€5,534
down €5,534 (-2.2%), from €254,160 to €248,626
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 | €453,620 | €500,542 | +€46,923 | +10.3% |
| Fixed assets | 21/28 | €22,722 | €27,989 | +€5,267 | +23.2% |
| Tangible fixed assets | 22/27 | €22,436 | €27,702 | +€5,267 | +23.5% |
| Plant, machinery and equipment | 23 | €22,165 | €26,630 | +€4,465 | +20.1% |
| Furniture and vehicles | 24 | €270 | €1,073 | +€802 | +297% |
| Financial fixed assets | 28 | €286 | €286 | = | 0.0% |
| Current assets | 29/58 | €430,898 | €472,554 | +€41,656 | +9.7% |
| Stocks and contracts in progress | 3 | €61,326 | €72,266 | +€10,940 | +17.8% |
| Stocks | 30/36 | €61,326 | €72,266 | +€10,940 | +17.8% |
| Amounts receivable within one year | 40/41 | €61,236 | €62,305 | +€1,069 | +1.7% |
| Trade receivables | 40 | €61,236 | €62,305 | +€1,069 | +1.7% |
| Cash at bank and in hand | 54/58 | €308,336 | €337,983 | +€29,647 | +9.6% |
| Total equity and liabilities | 10/49 | €453,620 | €500,542 | +€46,923 | +10.3% |
| Equity | 10/15 | €155,824 | €203,945 | +€48,121 | +30.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,824 | €192,945 | +€48,121 | +33.2% |
| Amounts payable | 17/49 | €297,796 | €296,598 | -€1,198 | -0.4% |
| Amounts payable within one year | 42/48 | €294,537 | €295,102 | +€565 | +0.2% |
| Trade debts | 44 | €134,617 | €135,902 | +€1,285 | +1.0% |
| Suppliers | 440/4 | €134,617 | €135,902 | +€1,285 | +1.0% |
| Taxes, remuneration and social security | 45 | €92,781 | €95,803 | +€3,023 | +3.3% |
| Taxes | 450/3 | €72,245 | €61,843 | -€10,403 | -14.4% |
| Remuneration and social security | 454/9 | €20,535 | €33,961 | +€13,425 | +65.4% |
| Other amounts payable | 47/48 | €67,140 | €63,397 | -€3,743 | -5.6% |
| Accrued charges and deferred income | 492/3 | €3,259 | €1,496 | -€1,763 | -54.1% |
| Remuneration, social security and pensions | 62 | €139,701 | €172,825 | +€33,124 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,543 | €11,623 | -€920 | -7.3% |
| Other operating charges | 640/8 | €637 | €487 | -€150 | -23.5% |
| Gross operating margin | 9900 | €254,160 | €248,626 | -€5,534 | -2.2% |
| Operating profit (loss) | 9901 | €101,279 | €63,690 | -€37,589 | -37.1% |
| Financial income | 75/76B | €6,312 | €7,749 | +€1,436 | +22.8% |
| Recurring financial income | 75 | €6,312 | €7,749 | +€1,436 | +22.8% |
| Financial charges | 65/66B | €5,666 | €4,594 | -€1,073 | -18.9% |
| Recurring financial charges | 65 | €5,666 | €4,594 | -€1,073 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €101,925 | €66,845 | -€35,080 | -34.4% |
| Income taxes | 67/77 | €31,092 | €18,724 | -€12,367 | -39.8% |
| Profit (loss) for the period | 9904 | €70,833 | €48,121 | -€22,712 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,833 | €48,121 | -€22,712 | -32.1% |
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 22 October 2026 via checked.be.