MG SUN: 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 SUN
Largest movements
- Receivables within one year -€36,324
down €36,324 (-99.9%), from €36,353 to €29
of which Trade receivables: -€36,353
- Cash -€2,685
down €2,685 (-7.0%), from €38,473 to €35,788
mainly Net result for the year (-€21,767) and Trade debts (-€10,998)
- Profit (loss) carried forward -€21,767
down €21,767, from €4,585 to -€17,182
- Trade debts -€10,998
down €10,998 (-79.3%), from €13,868 to €2,869
- Tax, wage and social debts -€5,233
down €5,233 (-29.5%), from €17,735 to €12,502
of which Taxes: -€6,919
- Other debts -€1,010
down €1,010 (-5.0%), from €20,038 to €19,028
- Gross operating margin -€48,794
down €48,794, from €27,467 to -€21,326
- Taxes -€5,606
down €5,606 (-93.4%), from €6,000 to €394
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 | €74,826 | €35,817 | -€39,009 | -52.1% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €74,826 | €35,817 | -€39,009 | -52.1% |
| Amounts receivable within one year | 40/41 | €36,353 | €29 | -€36,324 | -99.9% |
| Trade receivables | 40 | €36,353 | - | -€36,353 | |
| Other amounts receivable | 41 | - | €29 | +€29 | |
| Cash at bank and in hand | 54/58 | €38,473 | €35,788 | -€2,685 | -7.0% |
| Total equity and liabilities | 10/49 | €74,826 | €35,817 | -€39,009 | -52.1% |
| Equity | 10/15 | €23,185 | €1,418 | -€21,767 | -93.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,585 | -€17,182 | -€21,767 | |
| Amounts payable | 17/49 | €51,641 | €34,399 | -€17,242 | -33.4% |
| Amounts payable within one year | 42/48 | €51,641 | €34,399 | -€17,242 | -33.4% |
| Trade debts | 44 | €13,868 | €2,869 | -€10,998 | -79.3% |
| Suppliers | 440/4 | €13,868 | €2,869 | -€10,998 | -79.3% |
| Taxes, remuneration and social security | 45 | €17,735 | €12,502 | -€5,233 | -29.5% |
| Taxes | 450/3 | €13,313 | €6,394 | -€6,919 | -52.0% |
| Remuneration and social security | 454/9 | €4,423 | €6,108 | +€1,685 | +38.1% |
| Other amounts payable | 47/48 | €20,038 | €19,028 | -€1,010 | -5.0% |
| Gross operating margin | 9900 | €27,467 | -€21,326 | -€48,794 | |
| Operating profit (loss) | 9901 | €27,467 | -€21,326 | -€48,794 | |
| Financial charges | 65/66B | €45 | €47 | +€2 | +4.0% |
| Recurring financial charges | 65 | €45 | €47 | +€2 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €27,422 | -€21,373 | -€48,795 | |
| Income taxes | 67/77 | €6,000 | €394 | -€5,606 | -93.4% |
| Profit (loss) for the period | 9904 | €21,422 | -€21,767 | -€43,189 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,422 | -€21,767 | -€43,189 |
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 3 October 2026 via checked.be.