MG & TB Bâtiment: 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 & TB Bâtiment
Largest movements
- Cash +€105,314
up €105,314 (+143%), from €73,752 to €179,066
mainly Net result for the year (+€97,874) and Depreciation (+€42,122)
- Tangible fixed assets -€32,554
down €32,554 (-8.4%), from €386,014 to €353,460
of which Furniture and vehicles: -€29,587
- Receivables within one year -€19,060
down €19,060 (-40.4%), from €47,223 to €28,163
of which Other amounts receivable: -€13,297
- Reserves +€97,874
up €97,874 (+84.6%), from €115,729 to €213,603
- Tax, wage and social debts -€35,808
down €35,808 (-80.4%), from €44,544 to €8,736
- Debts after one year -€26,540
down €26,540 (-8.8%), from €301,901 to €275,361
- Trade debts +€13,384
up €13,384 (+78.7%), from €17,013 to €30,397
- Gross operating margin +€26,695
up €26,695 (+17.2%), from €155,068 to €181,763
- Depreciation -€26,527
down €26,527 (-38.6%), from €68,649 to €42,122
- Other operating charges +€22,482
up €22,482 (+2,633%), from €854 to €23,336
- Write-downs -€20,229
new in 2025: -€20,229
- Financial charges +€8,921
up €8,921 (+287%), from €3,105 to €12,026
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 | €512,853 | €562,681 | +€49,828 | +9.7% |
| Fixed assets | 21/28 | €386,717 | €353,962 | -€32,755 | -8.5% |
| Intangible fixed assets | 21 | €703 | €502 | -€201 | -28.6% |
| Tangible fixed assets | 22/27 | €386,014 | €353,460 | -€32,554 | -8.4% |
| Land and buildings | 22 | €313,322 | €303,872 | -€9,450 | -3.0% |
| Plant, machinery and equipment | 23 | €859 | €7,342 | +€6,483 | +755% |
| Furniture and vehicles | 24 | €71,833 | €42,246 | -€29,587 | -41.2% |
| Current assets | 29/58 | €126,136 | €208,719 | +€82,583 | +65.5% |
| Amounts receivable within one year | 40/41 | €47,223 | €28,163 | -€19,060 | -40.4% |
| Trade receivables | 40 | €33,926 | €28,163 | -€5,763 | -17.0% |
| Other amounts receivable | 41 | €13,297 | - | -€13,297 | |
| Cash at bank and in hand | 54/58 | €73,752 | €179,066 | +€105,314 | +143% |
| Deferred charges and accrued income | 490/1 | €5,161 | €1,490 | -€3,671 | -71.1% |
| Total equity and liabilities | 10/49 | €512,853 | €562,681 | +€49,828 | +9.7% |
| Equity | 10/15 | €122,729 | €220,603 | +€97,874 | +79.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €115,729 | €213,603 | +€97,874 | +84.6% |
| Distributable reserves | 133 | €115,729 | €213,603 | +€97,874 | +84.6% |
| Amounts payable | 17/49 | €390,124 | €342,078 | -€48,046 | -12.3% |
| Amounts payable after more than one year | 17 | €301,901 | €275,361 | -€26,540 | -8.8% |
| Financial debts | 170/4 | €301,901 | €275,361 | -€26,540 | -8.8% |
| Amounts payable within one year | 42/48 | €88,214 | €66,717 | -€21,497 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €25,516 | €26,540 | +€1,024 | +4.0% |
| Trade debts | 44 | €17,013 | €30,397 | +€13,384 | +78.7% |
| Suppliers | 440/4 | €17,013 | €30,397 | +€13,384 | +78.7% |
| Taxes, remuneration and social security | 45 | €44,544 | €8,736 | -€35,808 | -80.4% |
| Taxes | 450/3 | €44,544 | €8,736 | -€35,808 | -80.4% |
| Other amounts payable | 47/48 | €1,141 | €1,044 | -€97 | -8.5% |
| Accrued charges and deferred income | 492/3 | €9 | - | -€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,649 | €42,122 | -€26,527 | -38.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€20,229 | -€20,229 | |
| Other operating charges | 640/8 | €854 | €23,336 | +€22,482 | +2,633% |
| Gross operating margin | 9900 | €155,068 | €181,763 | +€26,695 | +17.2% |
| Operating profit (loss) | 9901 | €85,565 | €136,534 | +€50,969 | +59.6% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €3,105 | €12,026 | +€8,921 | +287% |
| Recurring financial charges | 65 | €3,105 | €12,026 | +€8,921 | +287% |
| Profit (loss) for the period before taxes | 9903 | €82,460 | €124,513 | +€42,053 | +51.0% |
| Income taxes | 67/77 | €22,949 | €26,639 | +€3,690 | +16.1% |
| Profit (loss) for the period | 9904 | €59,511 | €97,874 | +€38,363 | +64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,511 | €97,874 | +€38,363 | +64.5% |
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 24 October 2026 via checked.be.