MG Renova: 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 Renova
Largest movements
- Tangible fixed assets -€13,323
down €13,323 (-25.5%), from €52,186 to €38,863
- Receivables within one year +€10,389
up €10,389 (+53.3%), from €19,480 to €29,869
of which Trade receivables: +€9,033
- Deferred charges and accrued income +€10,168
up €10,168 (+2,896%), from €351 to €10,519
- Cash +€3,099
up €3,099 (+59.7%), from €5,193 to €8,292
mainly Depreciation (+€14,405) and Net result for the year (+€10,694)
- Debts after one year -€11,037
down €11,037 (-58.1%), from €18,997 to €7,960
- Profit (loss) carried forward +€10,694
up €10,694 (+37.4%), from €28,581 to €39,275
- Trade debts +€8,885
up €8,885 (+230%), from €3,860 to €12,745
- Tax, wage and social debts +€7,007
up €7,007 (+83.2%), from €8,420 to €15,427
of which Taxes: +€4,727
- Other debts -€3,160
no longer reported in 2025 (was €3,160)
- Depreciation +€3,774
up €3,774 (+35.5%), from €10,631 to €14,405
- Gross operating margin +€2,494
up €2,494 (+8.5%), from €29,353 to €31,846
- Financial charges +€538
up €538 (+46.4%), from €1,158 to €1,696
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 | €77,210 | €87,543 | +€10,333 | +13.4% |
| Fixed assets | 21/28 | €52,186 | €38,863 | -€13,323 | -25.5% |
| Tangible fixed assets | 22/27 | €52,186 | €38,863 | -€13,323 | -25.5% |
| Furniture and vehicles | 24 | €52,186 | €38,863 | -€13,323 | -25.5% |
| Current assets | 29/58 | €25,024 | €48,680 | +€23,655 | +94.5% |
| Amounts receivable within one year | 40/41 | €19,480 | €29,869 | +€10,389 | +53.3% |
| Trade receivables | 40 | €18,566 | €27,599 | +€9,033 | +48.7% |
| Other amounts receivable | 41 | €914 | €2,270 | +€1,356 | +148% |
| Cash at bank and in hand | 54/58 | €5,193 | €8,292 | +€3,099 | +59.7% |
| Deferred charges and accrued income | 490/1 | €351 | €10,519 | +€10,168 | +2,896% |
| Total equity and liabilities | 10/49 | €77,210 | €87,543 | +€10,333 | +13.4% |
| Equity | 10/15 | €29,681 | €40,375 | +€10,694 | +36.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,581 | €39,275 | +€10,694 | +37.4% |
| Amounts payable | 17/49 | €47,529 | €47,169 | -€361 | -0.8% |
| Amounts payable after more than one year | 17 | €18,997 | €7,960 | -€11,037 | -58.1% |
| Financial debts | 170/4 | €18,997 | €7,960 | -€11,037 | -58.1% |
| Amounts payable within one year | 42/48 | €28,532 | €39,209 | +€10,676 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €13,094 | €11,037 | -€2,056 | -15.7% |
| Trade debts | 44 | €3,860 | €12,745 | +€8,885 | +230% |
| Suppliers | 440/4 | €3,860 | €12,745 | +€8,885 | +230% |
| Taxes, remuneration and social security | 45 | €8,420 | €15,427 | +€7,007 | +83.2% |
| Taxes | 450/3 | €4,300 | €9,027 | +€4,727 | +110% |
| Remuneration and social security | 454/9 | €4,120 | €6,400 | +€2,280 | +55.3% |
| Other amounts payable | 47/48 | €3,160 | - | -€3,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,631 | €14,405 | +€3,774 | +35.5% |
| Other operating charges | 640/8 | €805 | €740 | -€65 | -8.0% |
| Gross operating margin | 9900 | €29,353 | €31,846 | +€2,494 | +8.5% |
| Operating profit (loss) | 9901 | €17,917 | €16,701 | -€1,216 | -6.8% |
| Financial income | 75/76B | €1 | €85 | +€84 | +8,957% |
| Recurring financial income | 75 | €1 | €85 | +€84 | +8,957% |
| Financial charges | 65/66B | €1,158 | €1,696 | +€538 | +46.4% |
| Recurring financial charges | 65 | €1,158 | €1,696 | +€538 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €16,760 | €15,091 | -€1,669 | -10.0% |
| Income taxes | 67/77 | €4,300 | €4,397 | +€97 | +2.3% |
| Profit (loss) for the period | 9904 | €12,460 | €10,694 | -€1,767 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,460 | €10,694 | -€1,767 | -14.2% |
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 27 October 2026 via checked.be.