MG SERVICES: what changed
Two fiscal 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
- Receivables within one year +€35,606
up €35,606 (+65.1%), from €54,718 to €90,324
of which Trade receivables: +€27,094
- Tangible fixed assets +€30,714
up €30,714 (+3762.7%), from €816 to €31,530
- Cash -€14,882
down €14,882 (-59.3%), from €25,078 to €10,196
mainly Receivables within one year (-€35,606) and Investment in fixed assets (net) (-€35,232)
- Debts after one year +€23,055
new in 2024: €23,055
- Current portion of long-term debt +€9,111
new in 2024: €9,111
- Tax, wage and social debts +€7,741
up €7,741 (+29.8%), from €26,007 to €33,748
of which Remuneration and social security: +€6,367
- Profit (loss) carried forward +€7,506
up €7,506 (+31.3%), from €24,003 to €31,510
- Trade debts +€5,218
up €5,218 (+34.5%), from €15,135 to €20,353
- Staff costs +€57,230
up €57,230 (+538.8%), from €10,621 to €67,851
- Gross operating margin +€34,884
up €34,884 (+63.0%), from €55,395 to €90,278
- Taxes -€5,253
down €5,253 (-53.4%), from €9,834 to €4,581
- Depreciation +€4,473
up €4,473 (+10169.0%), from €44 to €4,517
- Other operating charges +€3,512
up €3,512 (+399.6%), from €879 to €4,391
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,650 | €132,777 | +€51,127 | +62.6% |
| Fixed assets | 21/28 | €1,543 | €32,257 | +€30,714 | +1990.7% |
| Tangible fixed assets | 22/27 | €816 | €31,530 | +€30,714 | +3762.7% |
| Furniture and vehicles | 24 | €816 | €31,530 | +€30,714 | +3762.7% |
| Financial fixed assets | 28 | €727 | €727 | = | 0.0% |
| Current assets | 29/58 | €80,107 | €100,520 | +€20,413 | +25.5% |
| Amounts receivable within one year | 40/41 | €54,718 | €90,324 | +€35,606 | +65.1% |
| Trade receivables | 40 | €53,521 | €80,615 | +€27,094 | +50.6% |
| Other amounts receivable | 41 | €1,197 | €9,709 | +€8,512 | +711.0% |
| Cash at bank and in hand | 54/58 | €25,078 | €10,196 | -€14,882 | -59.3% |
| Deferred charges and accrued income | 490/1 | €311 | - | -€311 | |
| Total equity and liabilities | 10/49 | €81,650 | €132,777 | +€51,127 | +62.6% |
| Equity | 10/15 | €39,003 | €46,510 | +€7,506 | +19.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,003 | €31,510 | +€7,506 | +31.3% |
| Amounts payable | 17/49 | €42,647 | €86,267 | +€43,620 | +102.3% |
| Amounts payable after more than one year | 17 | - | €23,055 | +€23,055 | |
| Financial debts | 170/4 | - | €23,055 | +€23,055 | |
| Amounts payable within one year | 42/48 | €42,647 | €63,213 | +€20,566 | +48.2% |
| Current portion of amounts payable after more than one year | 42 | - | €9,111 | +€9,111 | |
| Trade debts | 44 | €15,135 | €20,353 | +€5,218 | +34.5% |
| Suppliers | 440/4 | €15,135 | €20,353 | +€5,218 | +34.5% |
| Taxes, remuneration and social security | 45 | €26,007 | €33,748 | +€7,741 | +29.8% |
| Taxes | 450/3 | €12,885 | €14,260 | +€1,374 | +10.7% |
| Remuneration and social security | 454/9 | €13,122 | €19,489 | +€6,367 | +48.5% |
| Other amounts payable | 47/48 | €1,505 | - | -€1,505 | |
| Remuneration, social security and pensions | 62 | €10,621 | €67,851 | +€57,230 | +538.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44 | €4,517 | +€4,473 | +10169.0% |
| Other operating charges | 640/8 | €879 | €4,391 | +€3,512 | +399.6% |
| Gross operating margin | 9900 | €55,395 | €90,278 | +€34,884 | +63.0% |
| Operating profit (loss) | 9901 | €43,851 | €13,519 | -€30,332 | -69.2% |
| Financial charges | 65/66B | €13 | €1,431 | +€1,418 | +10824.5% |
| Recurring financial charges | 65 | €13 | €1,431 | +€1,418 | +10824.5% |
| Profit (loss) for the period before taxes | 9903 | €43,837 | €12,088 | -€31,750 | -72.4% |
| Income taxes | 67/77 | €9,834 | €4,581 | -€5,253 | -53.4% |
| Profit (loss) for the period | 9904 | €34,003 | €7,506 | -€26,497 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,003 | €7,506 | -€26,497 | -77.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.