MG Retail: 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 Retail
Largest movements
- Tangible fixed assets -€9.6m
down €9.6m (-89.2%), from €10.8m to €1.2m
of which Land and buildings: -€7.1m
- Receivables within one year +€1.9m
up €1.9m (+592%), from €314,760 to €2.2m
of which Trade receivables: +€2.0m
- Cash -€348,110
down €348,110 (-70.0%), from €497,154 to €149,043
mainly Other debts (-€6.6m) and Receivables within one year (-€1.9m)
- Other debts -€6.6m
down €6.6m (-68.1%), from €9.7m to €3.1m
- Advances received -€1.8m
no longer reported in 2025 (was €1.8m)
- Tax, wage and social debts +€254,991
new in 2025: €254,991
- Gross operating margin +€267,089
up €267,089 (+1,486%), from €17,976 to €285,064
- Financial charges +€56,630
up €56,630 (+20.8%), from €271,754 to €328,383
- Other operating charges -€28,646
down €28,646 (-99.5%), from €28,790 to €144
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 | €11,684,838 | €3,495,110 | -€8.2m | -70.1% |
| Fixed assets | 21/28 | €10,872,923 | €1,168,134 | -€9.7m | -89.3% |
| Tangible fixed assets | 22/27 | €10,766,403 | €1,168,134 | -€9.6m | -89.2% |
| Land and buildings | 22 | €8,279,113 | €1,168,134 | -€7.1m | -85.9% |
| Assets under construction and advance payments | 27 | €2,487,290 | - | -€2.5m | |
| Financial fixed assets | 28 | €106,521 | - | -€106,521 | |
| Current assets | 29/58 | €811,914 | €2,326,976 | +€1.5m | +187% |
| Amounts receivable within one year | 40/41 | €314,760 | €2,177,933 | +€1.9m | +592% |
| Trade receivables | 40 | €223,575 | €2,177,554 | +€2.0m | +874% |
| Other amounts receivable | 41 | €91,185 | €379 | -€90,807 | -99.6% |
| Cash at bank and in hand | 54/58 | €497,154 | €149,043 | -€348,110 | -70.0% |
| Total equity and liabilities | 10/49 | €11,684,838 | €3,495,110 | -€8.2m | -70.1% |
| Equity | 10/15 | €189,811 | €147,626 | -€42,185 | -22.2% |
| Contributions | 10/11 | €1,561,500 | €1,561,500 | = | 0.0% |
| Capital | 10 | €1,561,500 | €1,561,500 | = | 0.0% |
| Issued capital | 100 | €1,561,500 | €1,561,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,371,689 | -€1,413,874 | -€42,185 | -3.1% |
| Amounts payable | 17/49 | €11,495,027 | €3,347,484 | -€8.1m | -70.9% |
| Amounts payable within one year | 42/48 | €11,495,027 | €3,347,484 | -€8.1m | -70.9% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Advances received on contracts in progress | 46 | €1,802,900 | - | -€1.8m | |
| Taxes, remuneration and social security | 45 | - | €254,991 | +€254,991 | |
| Taxes | 450/3 | - | €254,991 | +€254,991 | |
| Other amounts payable | 47/48 | €9,692,127 | €3,092,493 | -€6.6m | -68.1% |
| Non-recurring operating income | 76A | €42,295 | €313,620 | +€271,325 | +642% |
| Other operating charges | 640/8 | €28,790 | €144 | -€28,646 | -99.5% |
| Gross operating margin | 9900 | €17,976 | €285,064 | +€267,089 | +1,486% |
| Operating profit (loss) | 9901 | -€10,815 | €284,920 | +€295,735 | |
| Financial income | 75/76B | - | €1,278 | +€1,278 | |
| Recurring financial income | 75 | - | €1,278 | +€1,278 | |
| Financial charges | 65/66B | €271,754 | €328,383 | +€56,630 | +20.8% |
| Recurring financial charges | 65 | €271,754 | €328,383 | +€56,630 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | -€282,568 | -€42,185 | +€240,383 | +85.1% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€282,568 | -€42,185 | +€240,383 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€282,568 | -€42,185 | +€240,383 | +85.1% |
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 23 October 2026 via checked.be.