MG System: 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 System
Largest movements
- Tangible fixed assets +€124,506
up €124,506 (+3480.7%), from €3,577 to €128,083
of which Furniture and vehicles: +€118,782
- Cash +€24,314
up €24,314 (+4230.9%), from €575 to €24,889
mainly Debts after one year (+€89,619) and Net result for the year (+€59,849)
- Receivables within one year +€18,220
up €18,220 (+21.0%), from €86,820 to €105,040
of which Trade receivables: +€15,420
- Debts after one year +€89,619
new in 2025: €89,619
- Profit (loss) carried forward +€59,849
up €59,849 (+115.3%), from €51,890 to €111,740
- Tax, wage and social debts +€24,885
up €24,885 (+142.9%), from €17,413 to €42,299
of which Taxes: +€23,607
- Trade debts -€5,306
down €5,306 (-27.6%), from €19,241 to €13,935
- Turnover +€454,797
up €454,797 (+190.3%), from €238,988 to €693,785
- Purchases and services +€391,183
up €391,183 (+236.3%), from €165,554 to €556,737
- Gross operating margin +€73,641
up €73,641 (+98.7%), from €74,603 to €148,243
- Staff costs +€37,220
up €37,220 (+711.7%), from €5,230 to €42,450
- Depreciation +€18,988
up €18,988 (+10920.2%), from €174 to €19,162
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 | €92,096 | €260,740 | +€168,645 | +183.1% |
| Fixed assets | 21/28 | €3,577 | €128,083 | +€124,506 | +3480.7% |
| Tangible fixed assets | 22/27 | €3,577 | €128,083 | +€124,506 | +3480.7% |
| Plant, machinery and equipment | 23 | €3,577 | €9,301 | +€5,724 | +160.0% |
| Furniture and vehicles | 24 | - | €118,782 | +€118,782 | |
| Current assets | 29/58 | €88,519 | €132,657 | +€44,138 | +49.9% |
| Amounts receivable within one year | 40/41 | €86,820 | €105,040 | +€18,220 | +21.0% |
| Trade receivables | 40 | €84,804 | €100,224 | +€15,420 | +18.2% |
| Other amounts receivable | 41 | €2,016 | €4,816 | +€2,800 | +138.9% |
| Cash at bank and in hand | 54/58 | €575 | €24,889 | +€24,314 | +4230.9% |
| Deferred charges and accrued income | 490/1 | €1,124 | €2,728 | +€1,604 | +142.6% |
| Total equity and liabilities | 10/49 | €92,096 | €260,740 | +€168,645 | +183.1% |
| Equity | 10/15 | €53,890 | €113,740 | +€59,849 | +111.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,890 | €111,740 | +€59,849 | +115.3% |
| Amounts payable | 17/49 | €38,205 | €147,001 | +€108,795 | +284.8% |
| Amounts payable after more than one year | 17 | - | €89,619 | +€89,619 | |
| Financial debts | 170/4 | - | €89,619 | +€89,619 | |
| Amounts payable within one year | 42/48 | €38,205 | €57,382 | +€19,176 | +50.2% |
| Trade debts | 44 | €19,241 | €13,935 | -€5,306 | -27.6% |
| Suppliers | 440/4 | €19,241 | €13,935 | -€5,306 | -27.6% |
| Taxes, remuneration and social security | 45 | €17,413 | €42,299 | +€24,885 | +142.9% |
| Taxes | 450/3 | €17,297 | €40,903 | +€23,607 | +136.5% |
| Remuneration and social security | 454/9 | €116 | €1,395 | +€1,279 | +1098.3% |
| Other amounts payable | 47/48 | €1,551 | €1,148 | -€403 | -26.0% |
| Turnover | 70 | €238,988 | €693,785 | +€454,797 | +190.3% |
| Non-recurring operating income | 76A | €1,169 | €9,323 | +€8,154 | +697.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €165,554 | €556,737 | +€391,183 | +236.3% |
| Remuneration, social security and pensions | 62 | €5,230 | €42,450 | +€37,220 | +711.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174 | €19,162 | +€18,988 | +10920.2% |
| Other operating charges | 640/8 | - | €994 | +€994 | |
| Gross operating margin | 9900 | €74,603 | €148,243 | +€73,641 | +98.7% |
| Operating profit (loss) | 9901 | €69,199 | €85,638 | +€16,439 | +23.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €12 | €2,182 | +€2,170 | +17935.0% |
| Recurring financial charges | 65 | €12 | €2,182 | +€2,170 | +17935.0% |
| Profit (loss) for the period before taxes | 9903 | €69,187 | €83,456 | +€14,269 | +20.6% |
| Income taxes | 67/77 | €17,297 | €23,607 | +€6,310 | +36.5% |
| Profit (loss) for the period | 9904 | €51,890 | €59,849 | +€7,959 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,890 | €59,849 | +€7,959 | +15.3% |
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 12 October 2026 via checked.be.