MG POSE: 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.
What changed
MG POSE
NACE 22.240, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€630,701
2024 · €454,375+€176,326
Equity
€3.2m
2024 · €3.0m+€233,166
Cash
€2.5m
2024 · €2.0m+€537,450
Balance sheet total
€3.9m
2024 · €3.4m+€492,414
Largest movements
Assets
- Cash +€537,450
up €537,450 (+26.7%), from €2.0m to €2.5m
mainly Net result for the year (+€630,701) and Other debts (+€257,401)
Equity and liabilities
- Other debts +€257,401
up €257,401 (+142.3%), from €180,900 to €438,301
- Reserves +€219,232
up €219,232 (+7.3%), from €3.0m to €3.2m
of which Non-distributable reserves: +€219,232
Income statement
- Gross operating margin +€352,795
up €352,795 (+25.8%), from €1.4m to €1.7m
- Staff costs +€90,047
up €90,047 (+19.0%), from €473,522 to €563,569
- Taxes +€78,318
up €78,318 (+38.5%), from €203,466 to €281,784
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.
Result 2024
€454,375
Gross operating margin
+€352,795
Staff costs
-€90,047
Depreciation
-€7,376
Write-downs
+€16,576
Other operating charges
-€1,023
Other operating items
-€12,603
Financial income
-€3,758
Financial charges
+€80
Taxes
-€78,318
Result 2025
€630,701
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.
From operations
+€1.2m
Investment
-€247,526
Financing
-€396,836
Cash 2024
€2.0m
From operations (derived)
+€1.2m
Net result for the year
+€630,701
Depreciation
+€236,106
Stocks and contracts
+€18,750
Receivables within one year
+€35,669
Deferred charges and accrued income
+€2,036
Trade debts
-€4,283
Tax, wage and social debts
+€9,547
Advances received
-€3,860
Other debts
+€257,401
Accrued charges and deferred income
-€257
Investment (derived)
-€247,526
Investment in fixed assets (net)
-€247,526
Financing
-€396,836
Debts after one year
+€700
Contributions, distributions and other
-€397,536
Cash 2025
€2.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,365,012 | €3,857,426 | +€492,414 | +14.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,111,644 | €1,123,064 | +€11,420 | +1.0% |
| Intangible fixed assets | 21 | €2,054 | €0 | -€2,054 | -100.0% |
| Tangible fixed assets | 22/27 | €1,108,994 | €1,122,468 | +€13,474 | +1.2% |
| Land and buildings | 22 | €634,136 | €594,398 | -€39,738 | -6.3% |
| Plant, machinery and equipment | 23 | €450,829 | €311,665 | -€139,164 | -30.9% |
| Furniture and vehicles | 24 | €24,029 | €216,405 | +€192,376 | +800.6% |
| Financial fixed assets | 28 | €596 | €596 | = | 0.0% |
| Current assets | 29/58 | €2,253,368 | €2,734,362 | +€480,994 | +21.3% |
| Stocks and contracts in progress | 3 | €91,360 | €72,609 | -€18,750 | -20.5% |
| Stocks | 30/36 | €91,360 | €72,609 | -€18,750 | -20.5% |
| Amounts receivable within one year | 40/41 | €140,781 | €105,112 | -€35,669 | -25.3% |
| Trade receivables | 40 | €127,835 | €88,928 | -€38,907 | -30.4% |
| Other amounts receivable | 41 | €12,946 | €16,184 | +€3,238 | +25.0% |
| Cash at bank and in hand | 54/58 | €2,009,941 | €2,547,391 | +€537,450 | +26.7% |
| Deferred charges and accrued income | 490/1 | €11,286 | €9,250 | -€2,036 | -18.0% |
| Total equity and liabilities | 10/49 | €3,365,012 | €3,857,426 | +€492,414 | +14.6% |
| Equity | 10/15 | €3,013,973 | €3,247,139 | +€233,166 | +7.7% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €2,992,340 | €3,211,572 | +€219,232 | +7.3% |
| Non-distributable reserves | 130/1 | €2,262,578 | €2,481,810 | +€219,232 | +9.7% |
| Reserves not available under the articles | 1311 | €2,262,578 | €2,481,810 | +€219,232 | +9.7% |
| Distributable reserves | 133 | €729,762 | €729,762 | = | 0.0% |
| Investment grants | 15 | €9,228 | €23,162 | +€13,934 | +151.0% |
| Amounts payable | 17/49 | €351,039 | €610,287 | +€259,248 | +73.9% |
| Amounts payable after more than one year | 17 | €4,300 | €5,000 | +€700 | +16.3% |
| Other amounts payable | 178/9 | €4,300 | €5,000 | +€700 | +16.3% |
| Amounts payable within one year | 42/48 | €345,575 | €604,380 | +€258,805 | +74.9% |
| Trade debts | 44 | €45,818 | €41,536 | -€4,283 | -9.3% |
| Suppliers | 440/4 | €45,818 | €41,536 | -€4,283 | -9.3% |
| Advances received on contracts in progress | 46 | €3,860 | €0 | -€3,860 | -100.0% |
| Taxes, remuneration and social security | 45 | €114,997 | €124,544 | +€9,547 | +8.3% |
| Taxes | 450/3 | €78,322 | €89,040 | +€10,718 | +13.7% |
| Remuneration and social security | 454/9 | €36,675 | €35,504 | -€1,172 | -3.2% |
| Other amounts payable | 47/48 | €180,900 | €438,301 | +€257,401 | +142.3% |
| Accrued charges and deferred income | 492/3 | €1,164 | €907 | -€257 | -22.1% |
| Remuneration, social security and pensions | 62 | €473,522 | €563,569 | +€90,047 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,729 | €236,106 | +€7,376 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,530 | -€15,045 | -€16,576 | |
| Other operating charges | 640/8 | €29,272 | €30,295 | +€1,023 | +3.5% |
| Non-recurring operating charges | 66A | €2,443 | €15,045 | +€12,603 | +516.0% |
| Gross operating margin | 9900 | €1,366,376 | €1,719,171 | +€352,795 | +25.8% |
| Operating profit (loss) | 9901 | €630,879 | €889,201 | +€258,322 | +40.9% |
| Financial income | 75/76B | €27,874 | €24,116 | -€3,758 | -13.5% |
| Recurring financial income | 75 | €27,874 | €22,216 | -€5,658 | -20.3% |
| Non-recurring financial income | 76B | - | €1,900 | +€1,900 | |
| Financial charges | 65/66B | €912 | €832 | -€80 | -8.8% |
| Recurring financial charges | 65 | €912 | €832 | -€80 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €657,841 | €912,485 | +€254,644 | +38.7% |
| Income taxes | 67/77 | €203,466 | €281,784 | +€78,318 | +38.5% |
| Profit (loss) for the period | 9904 | €454,375 | €630,701 | +€176,326 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €454,375 | €630,701 | +€176,326 | +38.8% |
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 8 October 2026 via checked.be.