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 +€903,111
up €903,111 (+111.2%), from €812,375 to €1.7m
of which Trade receivables: +€531,476
- Cash +€96,703
up €96,703 (+176.6%), from €54,766 to €151,469
mainly Net result for the year (+€504,608) and Tax, wage and social debts (+€355,017)
- Profit (loss) carried forward +€504,608
up €504,608 (+72.5%), from €696,463 to €1.2m
- Tax, wage and social debts +€355,017
up €355,017 (+986.1%), from €36,004 to €391,021
of which Taxes: +€331,452
- Other debts +€126,968
up €126,968 (+4.6%), from €2.8m to €2.9m
- Gross operating margin +€822,686
up €822,686 (+240.6%), from €341,914 to €1.2m
- Taxes +€184,394
up €184,394 (+949.0%), from €19,431 to €203,824
- Staff costs +€163,549
up €163,549 (+105.9%), from €154,386 to €317,934
- Financial charges -€16,122
down €16,122 (-10.8%), from €149,348 to €133,226
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.
Cash bridge derived
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 | €6,900,615 | €7,897,029 | +€996,414 | +14.4% |
| Fixed assets | 21/28 | €4,607,824 | €4,604,424 | -€3,400 | -0.1% |
| Tangible fixed assets | 22/27 | €9,609 | €6,209 | -€3,400 | -35.4% |
| Plant, machinery and equipment | 23 | €7,375 | €5,186 | -€2,189 | -29.7% |
| Furniture and vehicles | 24 | €2,235 | €1,024 | -€1,211 | -54.2% |
| Financial fixed assets | 28 | €4,598,215 | €4,598,215 | = | 0.0% |
| Current assets | 29/58 | €2,292,791 | €3,292,605 | +€999,814 | +43.6% |
| Stocks and contracts in progress | 3 | €1,425,650 | €1,425,650 | = | 0.0% |
| Stocks | 30/36 | €1,425,650 | €1,425,650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €812,375 | €1,715,486 | +€903,111 | +111.2% |
| Trade receivables | 40 | €800,023 | €1,331,499 | +€531,476 | +66.4% |
| Other amounts receivable | 41 | €12,352 | €383,987 | +€371,635 | +3008.7% |
| Cash at bank and in hand | 54/58 | €54,766 | €151,469 | +€96,703 | +176.6% |
| Total equity and liabilities | 10/49 | €6,900,615 | €7,897,029 | +€996,414 | +14.4% |
| Equity | 10/15 | €4,038,263 | €4,542,871 | +€504,608 | +12.5% |
| Contributions | 10/11 | €3,038,000 | €3,038,000 | = | 0.0% |
| Capital | 10 | €3,038,000 | €3,038,000 | = | 0.0% |
| Issued capital | 100 | €3,038,000 | €3,038,000 | = | 0.0% |
| Reserves | 13 | €303,800 | €303,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €303,800 | €303,800 | = | 0.0% |
| Legal reserve | 130 | €303,800 | €303,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €696,463 | €1,201,071 | +€504,608 | +72.5% |
| Amounts payable | 17/49 | €2,862,353 | €3,354,158 | +€491,806 | +17.2% |
| Amounts payable within one year | 42/48 | €2,862,353 | €3,354,158 | +€491,806 | +17.2% |
| Trade debts | 44 | €35,833 | €45,653 | +€9,820 | +27.4% |
| Suppliers | 440/4 | €35,833 | €45,653 | +€9,820 | +27.4% |
| Taxes, remuneration and social security | 45 | €36,004 | €391,021 | +€355,017 | +986.1% |
| Taxes | 450/3 | €24,203 | €355,656 | +€331,452 | +1369.4% |
| Remuneration and social security | 454/9 | €11,800 | €35,366 | +€23,565 | +199.7% |
| Other amounts payable | 47/48 | €2,790,516 | €2,917,485 | +€126,968 | +4.6% |
| Remuneration, social security and pensions | 62 | €154,386 | €317,934 | +€163,549 | +105.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,067 | €3,400 | +€333 | +10.9% |
| Other operating charges | 640/8 | €996 | €1,607 | +€611 | +61.4% |
| Non-recurring operating charges | 66A | €1,382 | - | -€1,382 | |
| Gross operating margin | 9900 | €341,914 | €1,164,600 | +€822,686 | +240.6% |
| Operating profit (loss) | 9901 | €182,084 | €841,659 | +€659,575 | +362.2% |
| Financial income | 75/76B | €564 | €0 | -€564 | -100.0% |
| Recurring financial income | 75 | €564 | €0 | -€564 | -100.0% |
| Financial charges | 65/66B | €149,348 | €133,226 | -€16,122 | -10.8% |
| Recurring financial charges | 65 | €149,348 | €133,226 | -€16,122 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €33,300 | €708,433 | +€675,133 | +2027.4% |
| Income taxes | 67/77 | €19,431 | €203,824 | +€184,394 | +949.0% |
| Profit (loss) for the period | 9904 | €13,869 | €504,608 | +€490,739 | +3538.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,869 | €504,608 | +€490,739 | +3538.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.