MG RENOV: what changed
MG RENOV
Largest movements
- Receivables within one year -€28,080
down €28,080 (-48.2%), from €58,313 to €30,234
of which Trade receivables: -€26,660
- Cash -€16,298
down €16,298 (-99.8%), from €16,329 to €30
mainly Net result for the year (-€24,683) and Trade debts (-€12,357)
- Tangible fixed assets -€5,559
down €5,559 (-55.2%), from €10,074 to €4,515
of which Furniture and vehicles: -€3,999
- Profit (loss) carried forward -€24,683
down €24,683, from €8,769 to -€15,913
- Trade debts -€12,357
down €12,357 (-96.4%), from €12,817 to €460
- Advances received -€5,000
down €5,000 (-100%), from €5,000 to €0
- Other debts -€4,680
down €4,680 (-10.7%), from €43,623 to €38,943
- Tax, wage and social debts -€1,668
down €1,668 (-34.0%), from €4,907 to €3,239
of which Taxes: -€1,218
- Turnover -€87,590
down €87,590 (-60.6%), from €144,491 to €56,901
- Purchases and services -€53,988
down €53,988 (-42.8%), from €126,244 to €72,255
- Gross operating margin -€35,545
down €35,545, from €20,244 to -€15,300
- Staff costs -€2,458
down €2,458 (-56.5%), from €4,350 to €1,892
- Taxes -€2,432
down €2,432, from €2,432 to -€0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,829 | €34,779 | -€50,050 | -59.0% |
| Fixed assets | 21/28 | €10,074 | €4,515 | -€5,559 | -55.2% |
| Tangible fixed assets | 22/27 | €10,074 | €4,515 | -€5,559 | -55.2% |
| Plant, machinery and equipment | 23 | €2,584 | €1,025 | -€1,560 | -60.4% |
| Furniture and vehicles | 24 | €7,489 | €3,490 | -€3,999 | -53.4% |
| Current assets | 29/58 | €74,755 | €30,264 | -€44,491 | -59.5% |
| Amounts receivable within one year | 40/41 | €58,313 | €30,234 | -€28,080 | -48.2% |
| Trade receivables | 40 | €54,985 | €28,326 | -€26,660 | -48.5% |
| Other amounts receivable | 41 | €3,328 | €1,908 | -€1,420 | -42.7% |
| Cash at bank and in hand | 54/58 | €16,329 | €30 | -€16,298 | -99.8% |
| Deferred charges and accrued income | 490/1 | €113 | €0 | -€113 | -100% |
| Total equity and liabilities | 10/49 | €84,829 | €34,779 | -€50,050 | -59.0% |
| Equity | 10/15 | €16,820 | -€7,863 | -€24,683 | |
| Contributions | 10/11 | €7,600 | €7,600 | = | 0.0% |
| Reserves | 13 | €451 | €451 | = | 0.0% |
| Non-distributable reserves | 130/1 | €451 | €451 | = | 0.0% |
| Reserves not available under the articles | 1311 | €451 | €451 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,769 | -€15,913 | -€24,683 | |
| Amounts payable | 17/49 | €68,009 | €42,642 | -€25,367 | -37.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €68,009 | €42,642 | -€25,367 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €1,662 | €0 | -€1,662 | -100% |
| Trade debts | 44 | €12,817 | €460 | -€12,357 | -96.4% |
| Suppliers | 440/4 | €12,817 | €460 | -€12,357 | -96.4% |
| Advances received on contracts in progress | 46 | €5,000 | €0 | -€5,000 | -100% |
| Taxes, remuneration and social security | 45 | €4,907 | €3,239 | -€1,668 | -34.0% |
| Taxes | 450/3 | €3,650 | €2,432 | -€1,218 | -33.4% |
| Remuneration and social security | 454/9 | €1,257 | €807 | -€450 | -35.8% |
| Other amounts payable | 47/48 | €43,623 | €38,943 | -€4,680 | -10.7% |
| Turnover | 70 | €144,491 | €56,901 | -€87,590 | -60.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €126,244 | €72,255 | -€53,988 | -42.8% |
| Remuneration, social security and pensions | 62 | €4,350 | €1,892 | -€2,458 | -56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,367 | €5,559 | -€1,809 | -24.6% |
| Other operating charges | 640/8 | €2,768 | €1,441 | -€1,327 | -47.9% |
| Gross operating margin | 9900 | €20,244 | -€15,300 | -€35,545 | |
| Operating profit (loss) | 9901 | €5,759 | -€24,192 | -€29,951 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,823 | €490 | -€1,333 | -73.1% |
| Recurring financial charges | 65 | €1,823 | €490 | -€1,333 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | €3,935 | -€24,683 | -€28,618 | |
| Income taxes | 67/77 | €2,432 | -€0 | -€2,432 | |
| Profit (loss) for the period | 9904 | €1,503 | -€24,683 | -€26,186 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,503 | -€24,683 | -€26,186 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.