MG SYSTEME: 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 SYSTEME
Largest movements
- Cash +€51,977
up €51,977 (+53.5%), from €97,142 to €149,119
mainly Net result for the year (+€42,852) and Depreciation (+€14,926)
- Tangible fixed assets -€13,643
down €13,643 (-29.5%), from €46,293 to €32,650
of which Furniture and vehicles: -€9,218
- Stocks and contracts -€12,876
down €12,876 (-60.8%), from €21,185 to €8,309
of which Stocks: -€8,426
- Receivables within one year +€5,965
up €5,965 (+21.1%), from €28,302 to €34,267
of which Trade receivables: +€9,543
- Profit (loss) carried forward +€43,052
up €43,052 (+37.8%), from €113,833 to €156,884
- Trade debts -€5,551
down €5,551 (-19.6%), from €28,318 to €22,767
- Current portion of long-term debt -€4,153
down €4,153 (-57.5%), from €7,223 to €3,070
- Debts after one year -€3,070
no longer reported in 2025 (was €3,070)
- Gross operating margin +€6,959
up €6,959 (+10.2%), from €67,938 to €74,896
- Taxes +€3,007
up €3,007 (+21.9%), from €13,752 to €16,758
- Depreciation -€2,100
down €2,100 (-12.3%), from €17,026 to €14,926
- Other operating charges -€784
down €784 (-74.9%), from €1,047 to €263
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.
Derived cash bridge
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 | €196,714 | €227,087 | +€30,374 | +15.4% |
| Fixed assets | 21/28 | €46,293 | €32,650 | -€13,643 | -29.5% |
| Tangible fixed assets | 22/27 | €46,293 | €32,650 | -€13,643 | -29.5% |
| Land and buildings | 22 | €5,008 | €4,387 | -€621 | -12.4% |
| Plant, machinery and equipment | 23 | €8,995 | €5,191 | -€3,804 | -42.3% |
| Furniture and vehicles | 24 | €32,290 | €23,072 | -€9,218 | -28.5% |
| Current assets | 29/58 | €150,420 | €194,437 | +€44,017 | +29.3% |
| Stocks and contracts in progress | 3 | €21,185 | €8,309 | -€12,876 | -60.8% |
| Stocks | 30/36 | €15,185 | €6,759 | -€8,426 | -55.5% |
| Contracts in progress | 37 | €6,000 | €1,550 | -€4,450 | -74.2% |
| Amounts receivable within one year | 40/41 | €28,302 | €34,267 | +€5,965 | +21.1% |
| Trade receivables | 40 | €24,595 | €34,138 | +€9,543 | +38.8% |
| Other amounts receivable | 41 | €3,707 | €129 | -€3,578 | -96.5% |
| Cash at bank and in hand | 54/58 | €97,142 | €149,119 | +€51,977 | +53.5% |
| Deferred charges and accrued income | 490/1 | €3,792 | €2,742 | -€1,050 | -27.7% |
| Total equity and liabilities | 10/49 | €196,714 | €227,087 | +€30,374 | +15.4% |
| Equity | 10/15 | €137,738 | €179,758 | +€42,019 | +30.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €3,446 | €2,413 | -€1,033 | -30.0% |
| Tax-exempt reserves | 132 | €3,446 | €2,413 | -€1,033 | -30.0% |
| Profit (loss) carried forward | 14 | €113,833 | €156,884 | +€43,052 | +37.8% |
| Provisions and deferred taxes | 16 | €1,149 | €804 | -€344 | -30.0% |
| Deferred taxes | 168 | €1,149 | €804 | -€344 | -30.0% |
| Amounts payable | 17/49 | €57,827 | €46,525 | -€11,301 | -19.5% |
| Amounts payable after more than one year | 17 | €3,070 | - | -€3,070 | |
| Financial debts | 170/4 | €3,070 | - | -€3,070 | |
| Amounts payable within one year | 42/48 | €54,562 | €45,725 | -€8,836 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €7,223 | €3,070 | -€4,153 | -57.5% |
| Trade debts | 44 | €28,318 | €22,767 | -€5,551 | -19.6% |
| Suppliers | 440/4 | €28,318 | €22,767 | -€5,551 | -19.6% |
| Taxes, remuneration and social security | 45 | €19,020 | €19,055 | +€35 | +0.2% |
| Taxes | 450/3 | €19,020 | €19,055 | +€35 | +0.2% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Accrued charges and deferred income | 492/3 | €195 | €800 | +€605 | +310% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,026 | €14,926 | -€2,100 | -12.3% |
| Other operating charges | 640/8 | €1,047 | €263 | -€784 | -74.9% |
| Gross operating margin | 9900 | €67,938 | €74,896 | +€6,959 | +10.2% |
| Operating profit (loss) | 9901 | €49,864 | €59,707 | +€9,843 | +19.7% |
| Financial income | 75/76B | €113 | €1 | -€112 | -98.8% |
| Recurring financial income | 75 | €113 | €1 | -€112 | -98.8% |
| Financial charges | 65/66B | €966 | €442 | -€524 | -54.3% |
| Recurring financial charges | 65 | €966 | €442 | -€524 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €49,011 | €59,266 | +€10,256 | +20.9% |
| Transfer from deferred taxes | 780 | €344 | €344 | = | 0.0% |
| Income taxes | 67/77 | €13,752 | €16,758 | +€3,007 | +21.9% |
| Profit (loss) for the period | 9904 | €35,603 | €42,852 | +€7,249 | +20.4% |
| Transfer from tax-exempt reserves | 789 | €1,033 | €1,033 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,636 | €43,885 | +€7,249 | +19.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.