MG&R: 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&R
Largest movements
- Cash -€101,247
down €101,247 (-66.6%), from €152,089 to €50,841
mainly Other debts (-€104,226) and Net result for the year (-€14,679)
- Receivables within one year -€15,373
down €15,373 (-94.8%), from €16,217 to €844
of which Other amounts receivable: -€13,279
- Tangible fixed assets -€4,523
down €4,523 (-92.4%), from €4,897 to €374
- Other debts -€104,226
down €104,226 (-80.2%), from €130,000 to €25,774
- Reserves -€14,679
down €14,679 (-65.8%), from €22,307 to €7,628
- Gross operating margin -€102,520
down €102,520, from €93,716 to -€8,804
- Taxes -€25,943
down €25,943 (-99.3%), from €26,122 to €179
- Other operating charges -€3,667
down €3,667 (-78.2%), from €4,691 to €1,023
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 | €174,882 | €54,888 | -€119,994 | -68.6% |
| Fixed assets | 21/28 | €5,117 | €594 | -€4,523 | -88.4% |
| Tangible fixed assets | 22/27 | €4,897 | €374 | -€4,523 | -92.4% |
| Furniture and vehicles | 24 | €4,897 | €374 | -€4,523 | -92.4% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €169,765 | €54,294 | -€115,470 | -68.0% |
| Amounts receivable within one year | 40/41 | €16,217 | €844 | -€15,373 | -94.8% |
| Trade receivables | 40 | €2,150 | €57 | -€2,093 | -97.3% |
| Other amounts receivable | 41 | €14,067 | €787 | -€13,279 | -94.4% |
| Cash at bank and in hand | 54/58 | €152,089 | €50,841 | -€101,247 | -66.6% |
| Deferred charges and accrued income | 490/1 | €1,459 | €2,608 | +€1,149 | +78.8% |
| Total equity and liabilities | 10/49 | €174,882 | €54,888 | -€119,994 | -68.6% |
| Equity | 10/15 | €43,207 | €28,528 | -€14,679 | -34.0% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Reserves | 13 | €22,307 | €7,628 | -€14,679 | -65.8% |
| Distributable reserves | 133 | €22,307 | €7,628 | -€14,679 | -65.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €131,675 | €26,360 | -€105,315 | -80.0% |
| Amounts payable within one year | 42/48 | €130,700 | €26,360 | -€104,339 | -79.8% |
| Trade debts | 44 | €700 | €407 | -€293 | -41.9% |
| Suppliers | 440/4 | €700 | €407 | -€293 | -41.9% |
| Taxes, remuneration and social security | 45 | €0 | €179 | +€179 | |
| Taxes | 450/3 | €0 | €179 | +€179 | |
| Other amounts payable | 47/48 | €130,000 | €25,774 | -€104,226 | -80.2% |
| Accrued charges and deferred income | 492/3 | €975 | €0 | -€975 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,453 | €4,523 | +€71 | +1.6% |
| Other operating charges | 640/8 | €4,691 | €1,023 | -€3,667 | -78.2% |
| Gross operating margin | 9900 | €93,716 | -€8,804 | -€102,520 | |
| Operating profit (loss) | 9901 | €84,572 | -€14,351 | -€98,923 | |
| Financial income | 75/76B | €209 | €0 | -€209 | -100.0% |
| Recurring financial income | 75 | €209 | €0 | -€209 | -100.0% |
| Financial charges | 65/66B | €332 | €149 | -€183 | -55.1% |
| Recurring financial charges | 65 | €332 | €149 | -€183 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €84,449 | -€14,500 | -€98,949 | |
| Income taxes | 67/77 | €26,122 | €179 | -€25,943 | -99.3% |
| Profit (loss) for the period | 9904 | €58,327 | -€14,679 | -€73,007 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,327 | -€14,679 | -€73,007 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.