mg.recht: 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.recht
Largest movements
- Receivables within one year +€210,092
up €210,092 (+296%), from €71,031 to €281,123
- Cash +€114,298
up €114,298 (+46.2%), from €247,413 to €361,712
mainly Net result for the year (+€362,702) and Tax, wage and social debts (+€45,157)
- Current investments +€66,612
new in 2025: €66,612
- Tangible fixed assets -€13,034
down €13,034 (-33.5%), from €38,950 to €25,915
of which Furniture and vehicles: -€12,932
- Profit (loss) carried forward +€362,702
up €362,702 (+126%), from €287,930 to €650,632
- Tax, wage and social debts +€45,157
up €45,157 (+52.3%), from €86,386 to €131,543
- Other debts -€17,201
down €17,201 (-48.4%), from €35,532 to €18,332
- Debts after one year -€11,632
down €11,632 (-49.4%), from €23,563 to €11,931
- Gross operating margin +€267,569
up €267,569 (+119%), from €225,543 to €493,112
- Taxes +€66,138
up €66,138 (+132%), from €50,045 to €116,184
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 | €454,319 | €830,814 | +€376,495 | +82.9% |
| Fixed assets | 21/28 | €38,950 | €25,915 | -€13,034 | -33.5% |
| Tangible fixed assets | 22/27 | €38,950 | €25,915 | -€13,034 | -33.5% |
| Plant, machinery and equipment | 23 | €366 | €264 | -€102 | -27.9% |
| Furniture and vehicles | 24 | €38,583 | €25,652 | -€12,932 | -33.5% |
| Current assets | 29/58 | €415,369 | €804,899 | +€389,529 | +93.8% |
| Amounts receivable after more than one year | 29 | €95,000 | €95,000 | = | 0.0% |
| Other amounts receivable | 291 | €95,000 | €95,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €71,031 | €281,123 | +€210,092 | +296% |
| Trade receivables | 40 | €71,031 | €281,123 | +€210,092 | +296% |
| Current investments | 50/53 | - | €66,612 | +€66,612 | |
| Cash at bank and in hand | 54/58 | €247,413 | €361,712 | +€114,298 | +46.2% |
| Deferred charges and accrued income | 490/1 | €1,925 | €452 | -€1,473 | -76.5% |
| Total equity and liabilities | 10/49 | €454,319 | €830,814 | +€376,495 | +82.9% |
| Equity | 10/15 | €289,930 | €652,632 | +€362,702 | +125% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €287,930 | €650,632 | +€362,702 | +126% |
| Amounts payable | 17/49 | €164,389 | €178,182 | +€13,793 | +8.4% |
| Amounts payable after more than one year | 17 | €23,563 | €11,931 | -€11,632 | -49.4% |
| Financial debts | 170/4 | €23,563 | €11,931 | -€11,632 | -49.4% |
| Amounts payable within one year | 42/48 | €140,826 | €165,594 | +€24,768 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €11,567 | €12,719 | +€1,151 | +10.0% |
| Trade debts | 44 | €7,340 | €3,001 | -€4,340 | -59.1% |
| Suppliers | 440/4 | €7,340 | €3,001 | -€4,340 | -59.1% |
| Taxes, remuneration and social security | 45 | €86,386 | €131,543 | +€45,157 | +52.3% |
| Taxes | 450/3 | €86,386 | €131,543 | +€45,157 | +52.3% |
| Other amounts payable | 47/48 | €35,532 | €18,332 | -€17,201 | -48.4% |
| Accrued charges and deferred income | 492/3 | - | €657 | +€657 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,034 | €13,034 | = | 0.0% |
| Other operating charges | 640/8 | €1,276 | €1,016 | -€260 | -20.4% |
| Gross operating margin | 9900 | €225,543 | €493,112 | +€267,569 | +119% |
| Operating profit (loss) | 9901 | €211,233 | €479,062 | +€267,829 | +127% |
| Financial income | 75/76B | €2,177 | €3,821 | +€1,644 | +75.5% |
| Recurring financial income | 75 | €2,177 | €3,821 | +€1,644 | +75.5% |
| Financial charges | 65/66B | €738 | €3,997 | +€3,259 | +442% |
| Recurring financial charges | 65 | €738 | €3,997 | +€3,259 | +442% |
| Profit (loss) for the period before taxes | 9903 | €212,672 | €478,886 | +€266,214 | +125% |
| Income taxes | 67/77 | €50,045 | €116,184 | +€66,138 | +132% |
| Profit (loss) for the period | 9904 | €162,627 | €362,702 | +€200,076 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €162,627 | €362,702 | +€200,076 | +123% |
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 28 October 2026 via checked.be.