MG SINGH: 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 SINGH
Largest movements
- Cash +€17,367
up €17,367 (+56.0%), from €30,992 to €48,359
mainly Net result for the year (+€23,261) and Tax, wage and social debts (+€10,173)
- Receivables within one year +€11,876
up €11,876 (+56.3%), from €21,087 to €32,962
- Stocks and contracts +€5,319
up €5,319 (+71.1%), from €7,483 to €12,802
- Financial fixed assets -€1,500
no longer reported in 2025 (was €1,500)
- Profit (loss) carried forward +€23,249
up €23,249 (+50.4%), from €46,145 to €69,393
- Tax, wage and social debts +€10,173
up €10,173 (+112.4%), from €9,054 to €19,227
of which Taxes: +€6,262
- Other operating charges +€659
up €659 (+206.2%), from €320 to €979
- Financial income +€579
up €579 (+40.2%), from €1,439 to €2,018
- Gross operating margin +€321
up €321 (+1.2%), from €27,878 to €28,199
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 | €61,061 | €94,123 | +€33,061 | +54.1% |
| Fixed assets | 21/28 | €1,500 | - | -€1,500 | |
| Financial fixed assets | 28 | €1,500 | - | -€1,500 | |
| Current assets | 29/58 | €59,561 | €94,123 | +€34,561 | +58.0% |
| Stocks and contracts in progress | 3 | €7,483 | €12,802 | +€5,319 | +71.1% |
| Stocks | 30/36 | €7,483 | €12,802 | +€5,319 | +71.1% |
| Amounts receivable within one year | 40/41 | €21,087 | €32,962 | +€11,876 | +56.3% |
| Other amounts receivable | 41 | €21,087 | €32,962 | +€11,876 | +56.3% |
| Cash at bank and in hand | 54/58 | €30,992 | €48,359 | +€17,367 | +56.0% |
| Total equity and liabilities | 10/49 | €61,061 | €94,123 | +€33,061 | +54.1% |
| Equity | 10/15 | €48,145 | €71,393 | +€23,249 | +48.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,145 | €69,393 | +€23,249 | +50.4% |
| Amounts payable | 17/49 | €12,917 | €22,730 | +€9,813 | +76.0% |
| Amounts payable within one year | 42/48 | €12,917 | €22,730 | +€9,813 | +76.0% |
| Trade debts | 44 | €3,863 | €3,502 | -€360 | -9.3% |
| Suppliers | 440/4 | €3,863 | €3,502 | -€360 | -9.3% |
| Taxes, remuneration and social security | 45 | €9,054 | €19,227 | +€10,173 | +112.4% |
| Taxes | 450/3 | €8,536 | €14,798 | +€6,262 | +73.4% |
| Remuneration and social security | 454/9 | €518 | €4,429 | +€3,911 | +755.2% |
| Other operating charges | 640/8 | €320 | €979 | +€659 | +206.2% |
| Gross operating margin | 9900 | €27,878 | €28,199 | +€321 | +1.2% |
| Operating profit (loss) | 9901 | €27,558 | €27,220 | -€338 | -1.2% |
| Financial income | 75/76B | €1,439 | €2,018 | +€579 | +40.2% |
| Recurring financial income | 75 | €1,439 | €2,018 | +€579 | +40.2% |
| Financial charges | 65/66B | €190 | €165 | -€25 | -13.1% |
| Recurring financial charges | 65 | €190 | €165 | -€25 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €28,807 | €29,073 | +€266 | +0.9% |
| Income taxes | 67/77 | €5,732 | €5,812 | +€81 | +1.4% |
| Profit (loss) for the period | 9904 | €23,076 | €23,261 | +€185 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,076 | €23,261 | +€185 | +0.8% |
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 5 October 2026 via checked.be.