MG RENOVATION: what changed
MG RENOVATION
Largest movements
- Tangible fixed assets +€41,795
up €41,795 (+134%), from €31,142 to €72,937
of which Furniture and vehicles: +€48,194
- Receivables within one year -€33,895
down €33,895 (-69.2%), from €48,985 to €15,090
of which Other amounts receivable: -€22,991
- Stocks and contracts -€5,156
no longer reported in 2025 (was €5,156)
- Cash -€3,914
down €3,914 (-25.0%), from €15,650 to €11,736
mainly Investment in fixed assets (net) (-€57,796) and Other debts (-€32,261)
- Deferred charges and accrued income +€3,614
new in 2025: €3,614
- Debts after one year +€42,683
up €42,683 (+563%), from €7,578 to €50,261
- Other debts -€32,261
down €32,261 (-99.2%), from €32,528 to €267
- Trade debts -€28,386
down €28,386 (-99.9%), from €28,425 to €39
- Profit (loss) carried forward +€14,717
up €14,717 (+197%), from €7,475 to €22,192
- Tax, wage and social debts +€5,443
up €5,443 (+182%), from €2,987 to €8,429
- Gross operating margin +€14,053
up €14,053 (+35.1%), from €40,081 to €54,134
- Other operating charges +€13,567
up €13,567 (+6,783%), from €200 to €13,767
- Depreciation -€7,457
down €7,457 (-31.8%), from €23,458 to €16,001
- Financial charges +€2,877
up €2,877 (+216%), from €1,330 to €4,208
- Taxes +€2,456
up €2,456 (+82.2%), from €2,987 to €5,443
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 | €100,933 | €103,377 | +€2,444 | +2.4% |
| Fixed assets | 21/28 | €31,142 | €72,937 | +€41,795 | +134% |
| Tangible fixed assets | 22/27 | €31,142 | €72,937 | +€41,795 | +134% |
| Plant, machinery and equipment | 23 | €1,164 | €3,132 | +€1,968 | +169% |
| Furniture and vehicles | 24 | €21,611 | €69,805 | +€48,194 | +223% |
| Leasing and similar rights | 25 | €8,368 | - | -€8,368 | |
| Current assets | 29/58 | €69,790 | €30,440 | -€39,350 | -56.4% |
| Stocks and contracts in progress | 3 | €5,156 | - | -€5,156 | |
| Stocks | 30/36 | €5,156 | - | -€5,156 | |
| Amounts receivable within one year | 40/41 | €48,985 | €15,090 | -€33,895 | -69.2% |
| Trade receivables | 40 | €17,480 | €6,577 | -€10,903 | -62.4% |
| Other amounts receivable | 41 | €31,505 | €8,514 | -€22,991 | -73.0% |
| Cash at bank and in hand | 54/58 | €15,650 | €11,736 | -€3,914 | -25.0% |
| Deferred charges and accrued income | 490/1 | - | €3,614 | +€3,614 | |
| Total equity and liabilities | 10/49 | €100,933 | €103,377 | +€2,444 | +2.4% |
| Equity | 10/15 | €8,975 | €23,692 | +€14,717 | +164% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,475 | €22,192 | +€14,717 | +197% |
| Amounts payable | 17/49 | €91,958 | €79,685 | -€12,272 | -13.3% |
| Amounts payable after more than one year | 17 | €7,578 | €50,261 | +€42,683 | +563% |
| Financial debts | 170/4 | €7,578 | €50,261 | +€42,683 | +563% |
| Amounts payable within one year | 42/48 | €84,179 | €28,865 | -€55,313 | -65.7% |
| Current portion of amounts payable after more than one year | 42 | €20,239 | €20,130 | -€109 | -0.5% |
| Trade debts | 44 | €28,425 | €39 | -€28,386 | -99.9% |
| Suppliers | 440/4 | €28,425 | €39 | -€28,386 | -99.9% |
| Taxes, remuneration and social security | 45 | €2,987 | €8,429 | +€5,443 | +182% |
| Taxes | 450/3 | €2,987 | €8,429 | +€5,443 | +182% |
| Other amounts payable | 47/48 | €32,528 | €267 | -€32,261 | -99.2% |
| Accrued charges and deferred income | 492/3 | €201 | €559 | +€359 | +179% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,458 | €16,001 | -€7,457 | -31.8% |
| Other operating charges | 640/8 | €200 | €13,767 | +€13,567 | +6,783% |
| Gross operating margin | 9900 | €40,081 | €54,134 | +€14,053 | +35.1% |
| Operating profit (loss) | 9901 | €16,423 | €24,366 | +€7,943 | +48.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +2,775% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2,775% |
| Financial charges | 65/66B | €1,330 | €4,208 | +€2,877 | +216% |
| Recurring financial charges | 65 | €1,330 | €4,208 | +€2,877 | +216% |
| Profit (loss) for the period before taxes | 9903 | €15,093 | €20,160 | +€5,066 | +33.6% |
| Income taxes | 67/77 | €2,987 | €5,443 | +€2,456 | +82.2% |
| Profit (loss) for the period | 9904 | €12,107 | €14,717 | +€2,610 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,107 | €14,717 | +€2,610 | +21.6% |
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 4 November 2026 via checked.be.