MG SERVICES: 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 SERVICES
Largest movements
- Stocks and contracts -€3,315
down €3,315 (-13.8%), from €24,059 to €20,745
- Cash -€1,545
down €1,545 (-29.2%), from €5,288 to €3,743
mainly Net result for the year (-€11,038) and Tax, wage and social debts (-€625)
- Receivables within one year +€580
up €580 (+85.1%), from €681 to €1,261
- Profit (loss) carried forward -€11,038
down €11,038 (-31.8%), from -€34,737 to -€45,775
- Other debts +€7,637
up €7,637 (+10.3%), from €74,343 to €81,980
- Tax, wage and social debts -€625
down €625 (-36.3%), from €1,721 to €1,096
- Depreciation -€8,355
down €8,355 (-100%), from €8,355 to €0
- Gross operating margin -€1,346
down €1,346 (-15.0%), from -€8,985 to -€10,331
- Financial income -€434
down €434 (-100%), from €434 to €0
- Taxes -€128
down €128 (-100%), from €128 to €0
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 | €47,728 | €43,488 | -€4,241 | -8.9% |
| Fixed assets | 21/28 | €16,941 | €16,941 | = | 0.0% |
| Tangible fixed assets | 22/27 | €14,916 | €14,916 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €14,916 | €14,916 | = | 0.0% |
| Financial fixed assets | 28 | €2,025 | €2,025 | = | 0.0% |
| Current assets | 29/58 | €30,787 | €26,546 | -€4,241 | -13.8% |
| Stocks and contracts in progress | 3 | €24,059 | €20,745 | -€3,315 | -13.8% |
| Stocks | 30/36 | €24,059 | €20,745 | -€3,315 | -13.8% |
| Amounts receivable within one year | 40/41 | €681 | €1,261 | +€580 | +85.1% |
| Trade receivables | 40 | €681 | €1,261 | +€580 | +85.1% |
| Cash at bank and in hand | 54/58 | €5,288 | €3,743 | -€1,545 | -29.2% |
| Deferred charges and accrued income | 490/1 | €758 | €798 | +€40 | +5.3% |
| Total equity and liabilities | 10/49 | €47,728 | €43,488 | -€4,241 | -8.9% |
| Equity | 10/15 | -€30,737 | -€41,775 | -€11,038 | -35.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,737 | -€45,775 | -€11,038 | -31.8% |
| Amounts payable | 17/49 | €78,465 | €85,262 | +€6,797 | +8.7% |
| Amounts payable within one year | 42/48 | €78,465 | €85,262 | +€6,797 | +8.7% |
| Financial debts | 43 | €113 | €0 | -€113 | -100% |
| Credit institutions | 430/8 | €113 | €0 | -€113 | -100% |
| Trade debts | 44 | €2,289 | €2,187 | -€102 | -4.5% |
| Suppliers | 440/4 | €2,289 | €2,187 | -€102 | -4.5% |
| Taxes, remuneration and social security | 45 | €1,721 | €1,096 | -€625 | -36.3% |
| Taxes | 450/3 | €1,721 | €1,096 | -€625 | -36.3% |
| Other amounts payable | 47/48 | €74,343 | €81,980 | +€7,637 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,355 | €0 | -€8,355 | -100% |
| Other operating charges | 640/8 | €562 | €568 | +€6 | +1.0% |
| Gross operating margin | 9900 | -€8,985 | -€10,331 | -€1,346 | -15.0% |
| Operating profit (loss) | 9901 | -€17,902 | -€10,899 | +€7,003 | +39.1% |
| Financial income | 75/76B | €434 | €0 | -€434 | -100% |
| Recurring financial income | 75 | €434 | €0 | -€434 | -100% |
| Financial charges | 65/66B | €222 | €139 | -€83 | -37.3% |
| Recurring financial charges | 65 | €222 | €139 | -€83 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,690 | -€11,038 | +€6,652 | +37.6% |
| Income taxes | 67/77 | €128 | €0 | -€128 | -100% |
| Profit (loss) for the period | 9904 | -€17,818 | -€11,038 | +€6,780 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,818 | -€11,038 | +€6,780 | +38.1% |
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 13 October 2026 via checked.be.