MG'S & CO: 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'S & CO
Largest movements
- Tangible fixed assets -€37,484
down €37,484 (-55.3%), from €67,770 to €30,286
of which Other tangible fixed assets: -€41,649
- Deferred charges and accrued income -€15,879
down €15,879 (-91.6%), from €17,328 to €1,449
- Cash -€4,131
down €4,131 (-76.1%), from €5,430 to €1,299
mainly Trade debts (-€49,598) and Debts after one year (-€8,569)
- Stocks and contracts +€3,340
up €3,340 (+17.5%), from €19,129 to €22,469
- Trade debts -€49,598
down €49,598 (-35.3%), from €140,490 to €90,893
- Tax, wage and social debts +€11,108
up €11,108 (+108%), from €10,276 to €21,384
- Debts after one year -€8,569
down €8,569 (-27.0%), from €31,722 to €23,153
- Profit (loss) carried forward -€7,664
down €7,664 (-48.5%), from €15,807 to €8,143
- Gross operating margin -€35,760
down €35,760 (-43.2%), from €82,714 to €46,954
- Taxes -€3,894
down €3,894 (-86.5%), from €4,500 to €606
- Depreciation -€1,663
down €1,663 (-20.9%), from €7,946 to €6,283
- Other operating charges -€867
down €867 (-42.0%), from €2,063 to €1,196
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 | €301,018 | €244,876 | -€56,142 | -18.7% |
| Fixed assets | 21/28 | €68,453 | €30,542 | -€37,911 | -55.4% |
| Intangible fixed assets | 21 | €683 | €256 | -€427 | -62.5% |
| Tangible fixed assets | 22/27 | €67,770 | €30,286 | -€37,484 | -55.3% |
| Plant, machinery and equipment | 23 | €18,533 | €22,697 | +€4,165 | +22.5% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Other tangible fixed assets | 26 | €49,237 | €7,589 | -€41,649 | -84.6% |
| Current assets | 29/58 | €232,566 | €214,334 | -€18,231 | -7.8% |
| Stocks and contracts in progress | 3 | €19,129 | €22,469 | +€3,340 | +17.5% |
| Stocks | 30/36 | €19,129 | €22,469 | +€3,340 | +17.5% |
| Amounts receivable within one year | 40/41 | €190,679 | €189,117 | -€1,562 | -0.8% |
| Trade receivables | 40 | €106,740 | €95,236 | -€11,503 | -10.8% |
| Other amounts receivable | 41 | €83,939 | €93,881 | +€9,942 | +11.8% |
| Cash at bank and in hand | 54/58 | €5,430 | €1,299 | -€4,131 | -76.1% |
| Deferred charges and accrued income | 490/1 | €17,328 | €1,449 | -€15,879 | -91.6% |
| Total equity and liabilities | 10/49 | €301,018 | €244,876 | -€56,142 | -18.7% |
| Equity | 10/15 | €34,407 | €26,743 | -€7,664 | -22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,807 | €8,143 | -€7,664 | -48.5% |
| Amounts payable | 17/49 | €266,611 | €218,134 | -€48,477 | -18.2% |
| Amounts payable after more than one year | 17 | €31,722 | €23,153 | -€8,569 | -27.0% |
| Financial debts | 170/4 | €31,722 | €23,153 | -€8,569 | -27.0% |
| Amounts payable within one year | 42/48 | €201,034 | €163,296 | -€37,738 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €7,818 | €8,569 | +€752 | +9.6% |
| Trade debts | 44 | €140,490 | €90,893 | -€49,598 | -35.3% |
| Suppliers | 440/4 | €140,490 | €90,893 | -€49,598 | -35.3% |
| Taxes, remuneration and social security | 45 | €10,276 | €21,384 | +€11,108 | +108% |
| Taxes | 450/3 | €10,276 | €21,384 | +€11,108 | +108% |
| Other amounts payable | 47/48 | €42,450 | €42,450 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €33,855 | €31,685 | -€2,170 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,946 | €6,283 | -€1,663 | -20.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €226 | +€226 | |
| Other operating charges | 640/8 | €2,063 | €1,196 | -€867 | -42.0% |
| Non-recurring operating charges | 66A | - | €42,468 | +€42,468 | |
| Gross operating margin | 9900 | €82,714 | €46,954 | -€35,760 | -43.2% |
| Operating profit (loss) | 9901 | €72,706 | -€3,218 | -€75,924 | |
| Financial charges | 65/66B | €4,194 | €3,840 | -€354 | -8.4% |
| Recurring financial charges | 65 | €4,194 | €3,840 | -€354 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €68,511 | -€7,058 | -€75,570 | |
| Income taxes | 67/77 | €4,500 | €606 | -€3,894 | -86.5% |
| Profit (loss) for the period | 9904 | €64,011 | -€7,664 | -€71,676 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,011 | -€7,664 | -€71,676 |
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 18 October 2026 via checked.be.