MG PRAXIS: 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 PRAXIS
Largest movements
- Cash -€22,858
down €22,858 (-84.6%), from €27,007 to €4,149
mainly Net result for the year (-€28,554) and Receivables within one year (-€1,040)
- Tangible fixed assets -€2,779
down €2,779 (-29.3%), from €9,472 to €6,693
of which Other tangible fixed assets: -€1,899
- Receivables within one year +€1,040
up €1,040 (+58.8%), from €1,769 to €2,808
of which Trade receivables: +€2,420
- Profit (loss) carried forward -€28,554
down €28,554 (-12.5%), from -€229,001 to -€257,555
- Other debts +€3,314
up €3,314 (+1.1%), from €311,104 to €314,418
- Contributions +€1,860
up €1,860 (+15.0%), from €12,400 to €14,260
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Gross operating margin -€46,151
down €46,151, from €22,163 to -€23,987
- Depreciation +€438
up €438 (+18.7%), from €2,340 to €2,779
- Other operating charges +€406
up €406 (+61.2%), from €662 to €1,068
- Taxes +€317
up €317 (+698%), from €46 to €363
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 | €99,087 | €73,885 | -€25,202 | -25.4% |
| Fixed assets | 21/28 | €9,472 | €6,693 | -€2,779 | -29.3% |
| Tangible fixed assets | 22/27 | €9,472 | €6,693 | -€2,779 | -29.3% |
| Furniture and vehicles | 24 | €2,197 | €1,318 | -€879 | -40.0% |
| Other tangible fixed assets | 26 | €7,275 | €5,376 | -€1,899 | -26.1% |
| Current assets | 29/58 | €89,615 | €67,192 | -€22,423 | -25.0% |
| Amounts receivable within one year | 40/41 | €1,769 | €2,808 | +€1,040 | +58.8% |
| Trade receivables | 40 | - | €2,420 | +€2,420 | |
| Other amounts receivable | 41 | €1,769 | €388 | -€1,380 | -78.1% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,007 | €4,149 | -€22,858 | -84.6% |
| Deferred charges and accrued income | 490/1 | €840 | €235 | -€605 | -72.0% |
| Total equity and liabilities | 10/49 | €99,087 | €73,885 | -€25,202 | -25.4% |
| Equity | 10/15 | -€214,741 | -€243,295 | -€28,554 | -13.3% |
| Contributions | 10/11 | €12,400 | €14,260 | +€1,860 | +15.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€229,001 | -€257,555 | -€28,554 | -12.5% |
| Amounts payable | 17/49 | €313,828 | €317,180 | +€3,352 | +1.1% |
| Amounts payable within one year | 42/48 | €313,828 | €317,180 | +€3,352 | +1.1% |
| Trade debts | 44 | €2,325 | €2,000 | -€325 | -14.0% |
| Suppliers | 440/4 | €2,325 | €2,000 | -€325 | -14.0% |
| Taxes, remuneration and social security | 45 | €400 | €763 | +€363 | +90.7% |
| Taxes | 450/3 | €400 | €763 | +€363 | +90.7% |
| Other amounts payable | 47/48 | €311,104 | €314,418 | +€3,314 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,340 | €2,779 | +€438 | +18.7% |
| Other operating charges | 640/8 | €662 | €1,068 | +€406 | +61.2% |
| Gross operating margin | 9900 | €22,163 | -€23,987 | -€46,151 | |
| Operating profit (loss) | 9901 | €19,161 | -€27,834 | -€46,995 | |
| Financial income | 75/76B | €68 | €26 | -€43 | -62.4% |
| Recurring financial income | 75 | €68 | €26 | -€43 | -62.4% |
| Financial charges | 65/66B | €241 | €383 | +€142 | +58.9% |
| Recurring financial charges | 65 | €241 | €383 | +€142 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €18,988 | -€28,191 | -€47,179 | |
| Income taxes | 67/77 | €46 | €363 | +€317 | +698% |
| Profit (loss) for the period | 9904 | €18,943 | -€28,554 | -€47,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,943 | -€28,554 | -€47,497 |
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 18 October 2026 via checked.be.