MG SANITEC: 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 SANITEC
Largest movements
- Current investments -€45,000
no longer reported in 2025 (was €45,000)
- Cash +€28,947
up €28,947 (+36.5%), from €79,281 to €108,229
mainly Current investments (+€45,000) and Depreciation (+€22,911)
- Tangible fixed assets +€8,397
up €8,397 (+9.0%), from €93,092 to €101,489
of which Land and buildings: +€11,773
- Receivables within one year -€3,501
down €3,501 (-12.8%), from €27,331 to €23,831
of which Trade receivables: -€18,463
- Deferred charges and accrued income +€3,083
up €3,083 (+49.4%), from €6,236 to €9,319
- Reserves +€20,489
up €20,489 (+10.6%), from €192,681 to €213,170
- Debts after one year -€11,514
no longer reported in 2025 (was €11,514)
- Tax, wage and social debts -€5,813
no longer reported in 2025 (was €5,813)
- Other debts -€4,553
no longer reported in 2025 (was €4,553)
- Current portion of long-term debt -€3,138
down €3,138 (-21.1%), from €14,858 to €11,719
- Gross operating margin -€60,058
down €60,058 (-65.2%), from €92,058 to €32,001
- Taxes -€16,444
down €16,444 (-83.3%), from €19,751 to €3,307
- Financial income +€15,223
up €15,223 (+534%), from €2,852 to €18,075
- Financial charges -€2,228
down €2,228 (-85.3%), from €2,613 to €385
- Other operating charges +€1,403
up €1,403 (+88.8%), from €1,580 to €2,983
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 | €253,055 | €247,266 | -€5,789 | -2.3% |
| Fixed assets | 21/28 | €93,132 | €101,529 | +€8,397 | +9.0% |
| Tangible fixed assets | 22/27 | €93,092 | €101,489 | +€8,397 | +9.0% |
| Land and buildings | 22 | - | €11,773 | +€11,773 | |
| Plant, machinery and equipment | 23 | €605 | €387 | -€218 | -36.0% |
| Furniture and vehicles | 24 | €92,487 | €81,932 | -€10,555 | -11.4% |
| Other tangible fixed assets | 26 | - | €7,397 | +€7,397 | |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €159,924 | €145,737 | -€14,186 | -8.9% |
| Stocks and contracts in progress | 3 | €2,074 | €4,359 | +€2,284 | +110% |
| Stocks | 30/36 | €2,074 | €4,359 | +€2,284 | +110% |
| Amounts receivable within one year | 40/41 | €27,331 | €23,831 | -€3,501 | -12.8% |
| Trade receivables | 40 | €23,744 | €5,281 | -€18,463 | -77.8% |
| Other amounts receivable | 41 | €3,588 | €18,550 | +€14,963 | +417% |
| Current investments | 50/53 | €45,000 | - | -€45,000 | |
| Cash at bank and in hand | 54/58 | €79,281 | €108,229 | +€28,947 | +36.5% |
| Deferred charges and accrued income | 490/1 | €6,236 | €9,319 | +€3,083 | +49.4% |
| Total equity and liabilities | 10/49 | €253,055 | €247,266 | -€5,789 | -2.3% |
| Equity | 10/15 | €213,141 | €233,630 | +€20,489 | +9.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €192,681 | €213,170 | +€20,489 | +10.6% |
| Distributable reserves | 133 | €192,681 | €213,170 | +€20,489 | +10.6% |
| Profit (loss) carried forward | 14 | - | €0 | +€0 | |
| Amounts payable | 17/49 | €39,915 | €13,636 | -€26,278 | -65.8% |
| Amounts payable after more than one year | 17 | €11,514 | - | -€11,514 | |
| Financial debts | 170/4 | €11,514 | - | -€11,514 | |
| Amounts payable within one year | 42/48 | €28,278 | €13,636 | -€14,641 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €14,858 | €11,719 | -€3,138 | -21.1% |
| Trade debts | 44 | €3,054 | €1,917 | -€1,137 | -37.2% |
| Suppliers | 440/4 | €3,054 | €1,917 | -€1,137 | -37.2% |
| Taxes, remuneration and social security | 45 | €5,813 | - | -€5,813 | |
| Taxes | 450/3 | €5,813 | - | -€5,813 | |
| Other amounts payable | 47/48 | €4,553 | - | -€4,553 | |
| Accrued charges and deferred income | 492/3 | €123 | - | -€123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,205 | €22,911 | +€706 | +3.2% |
| Other operating charges | 640/8 | €1,580 | €2,983 | +€1,403 | +88.8% |
| Gross operating margin | 9900 | €92,058 | €32,001 | -€60,058 | -65.2% |
| Operating profit (loss) | 9901 | €68,273 | €6,106 | -€62,167 | -91.1% |
| Financial income | 75/76B | €2,852 | €18,075 | +€15,223 | +534% |
| Recurring financial income | 75 | €2,852 | €18,075 | +€15,223 | +534% |
| Financial charges | 65/66B | €2,613 | €385 | -€2,228 | -85.3% |
| Recurring financial charges | 65 | €2,613 | €385 | -€2,228 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €68,511 | €23,796 | -€44,715 | -65.3% |
| Income taxes | 67/77 | €19,751 | €3,307 | -€16,444 | -83.3% |
| Profit (loss) for the period | 9904 | €48,760 | €20,489 | -€28,271 | -58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,760 | €20,489 | -€28,271 | -58.0% |
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 21 October 2026 via checked.be.