MG RENO: 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 RENO
Largest movements
- Receivables within one year -€2,984
down €2,984 (-29.7%), from €10,055 to €7,071
of which Other amounts receivable: -€7,242
- Cash +€2,884
up €2,884 (+1222.2%), from €236 to €3,120
mainly Net result for the year (+€6,977) and Receivables within one year (+€2,984)
- Tangible fixed assets -€2,318
down €2,318 (-33.6%), from €6,904 to €4,586
- Profit (loss) carried forward +€6,977
up €6,977 (+69.8%), from -€9,998 to -€3,022
- Trade debts -€6,343
down €6,343 (-57.3%), from €11,060 to €4,717
- Other debts -€4,117
down €4,117 (-31.0%), from €13,300 to €9,183
- Tax, wage and social debts +€1,119
new in 2025: €1,119
- Depreciation +€1,950
up €1,950 (+530.4%), from €368 to €2,318
- Gross operating margin -€975
down €975 (-8.4%), from €11,613 to €10,638
- Other operating charges +€510
up €510 (+144.0%), from €354 to €864
- Financial charges +€143
up €143 (+42.3%), from €338 to €481
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,362 | €14,998 | -€2,364 | -13.6% |
| Fixed assets | 21/28 | €6,904 | €4,586 | -€2,318 | -33.6% |
| Tangible fixed assets | 22/27 | €6,904 | €4,586 | -€2,318 | -33.6% |
| Furniture and vehicles | 24 | €6,904 | €4,586 | -€2,318 | -33.6% |
| Current assets | 29/58 | €10,458 | €10,412 | -€46 | -0.4% |
| Amounts receivable within one year | 40/41 | €10,055 | €7,071 | -€2,984 | -29.7% |
| Trade receivables | 40 | €2,111 | €6,369 | +€4,258 | +201.6% |
| Other amounts receivable | 41 | €7,944 | €702 | -€7,242 | -91.2% |
| Cash at bank and in hand | 54/58 | €236 | €3,120 | +€2,884 | +1222.2% |
| Deferred charges and accrued income | 490/1 | €167 | €221 | +€55 | +32.7% |
| Total equity and liabilities | 10/49 | €17,362 | €14,998 | -€2,364 | -13.6% |
| Equity | 10/15 | -€6,998 | -€22 | +€6,977 | +99.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,998 | -€3,022 | +€6,977 | +69.8% |
| Amounts payable | 17/49 | €24,360 | €15,019 | -€9,341 | -38.3% |
| Amounts payable within one year | 42/48 | €24,360 | €15,019 | -€9,341 | -38.3% |
| Trade debts | 44 | €11,060 | €4,717 | -€6,343 | -57.3% |
| Suppliers | 440/4 | €11,060 | €4,717 | -€6,343 | -57.3% |
| Taxes, remuneration and social security | 45 | - | €1,119 | +€1,119 | |
| Taxes | 450/3 | - | €1,119 | +€1,119 | |
| Other amounts payable | 47/48 | €13,300 | €9,183 | -€4,117 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368 | €2,318 | +€1,950 | +530.4% |
| Other operating charges | 640/8 | €354 | €864 | +€510 | +144.0% |
| Gross operating margin | 9900 | €11,613 | €10,638 | -€975 | -8.4% |
| Operating profit (loss) | 9901 | €10,892 | €7,457 | -€3,435 | -31.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €338 | €481 | +€143 | +42.3% |
| Recurring financial charges | 65 | €338 | €481 | +€143 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €10,554 | €6,977 | -€3,577 | -33.9% |
| Profit (loss) for the period | 9904 | €10,554 | €6,977 | -€3,577 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,554 | €6,977 | -€3,577 | -33.9% |
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 9 October 2026 via checked.be.