MG TECH: 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 TECH
Largest movements
- Deferred charges and accrued income +€2,235
up €2,235 (+200%), from €1,117 to €3,352
- Cash -€2,179
down €2,179 (-20.2%), from €10,792 to €8,613
mainly Trade debts (-€4,931) and Deferred charges and accrued income (-€2,235)
- Receivables within one year -€1,485
down €1,485 (-6.2%), from €23,829 to €22,344
of which Trade receivables: -€9,479
- Tangible fixed assets +€1,121
new in 2025: €1,121
- Profit (loss) carried forward +€5,359
up €5,359 (+235%), from €2,280 to €7,639
- Trade debts -€4,931
down €4,931 (-23.0%), from €21,462 to €16,532
- Tax, wage and social debts -€736
down €736 (-6.7%), from €10,995 to €10,259
of which Taxes: -€856
- Other operating charges -€17,631
down €17,631 (-97.0%), from €18,171 to €540
- Gross operating margin -€7,677
down €7,677 (-21.2%), from €36,160 to €28,483
- Taxes -€4,142
down €4,142 (-94.7%), from €4,372 to €230
- Staff costs +€2,079
up €2,079 (+10.4%), from €19,952 to €22,031
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 | €35,737 | €35,429 | -€308 | -0.9% |
| Fixed assets | 21/28 | - | €1,121 | +€1,121 | |
| Tangible fixed assets | 22/27 | - | €1,121 | +€1,121 | |
| Plant, machinery and equipment | 23 | - | €1,121 | +€1,121 | |
| Current assets | 29/58 | €35,737 | €34,308 | -€1,429 | -4.0% |
| Amounts receivable within one year | 40/41 | €23,829 | €22,344 | -€1,485 | -6.2% |
| Trade receivables | 40 | €13,449 | €3,969 | -€9,479 | -70.5% |
| Other amounts receivable | 41 | €10,380 | €18,374 | +€7,994 | +77.0% |
| Cash at bank and in hand | 54/58 | €10,792 | €8,613 | -€2,179 | -20.2% |
| Deferred charges and accrued income | 490/1 | €1,117 | €3,352 | +€2,235 | +200% |
| Total equity and liabilities | 10/49 | €35,737 | €35,429 | -€308 | -0.9% |
| Equity | 10/15 | €3,280 | €8,639 | +€5,359 | +163% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,280 | €7,639 | +€5,359 | +235% |
| Amounts payable | 17/49 | €32,457 | €26,791 | -€5,667 | -17.5% |
| Amounts payable within one year | 42/48 | €32,457 | €26,791 | -€5,667 | -17.5% |
| Trade debts | 44 | €21,462 | €16,532 | -€4,931 | -23.0% |
| Suppliers | 440/4 | €21,462 | €16,532 | -€4,931 | -23.0% |
| Taxes, remuneration and social security | 45 | €10,995 | €10,259 | -€736 | -6.7% |
| Taxes | 450/3 | €8,511 | €7,656 | -€856 | -10.1% |
| Remuneration and social security | 454/9 | €2,484 | €2,603 | +€119 | +4.8% |
| Remuneration, social security and pensions | 62 | €19,952 | €22,031 | +€2,079 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €280 | +€280 | |
| Other operating charges | 640/8 | €18,171 | €540 | -€17,631 | -97.0% |
| Gross operating margin | 9900 | €36,160 | €28,483 | -€7,677 | -21.2% |
| Operating profit (loss) | 9901 | -€1,963 | €5,631 | +€7,595 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €82 | €42 | -€40 | -48.6% |
| Recurring financial charges | 65 | €82 | €42 | -€40 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,046 | €5,589 | +€7,635 | |
| Income taxes | 67/77 | €4,372 | €230 | -€4,142 | -94.7% |
| Profit (loss) for the period | 9904 | -€6,418 | €5,359 | +€11,777 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,418 | €5,359 | +€11,777 |
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 13 October 2026 via checked.be.