MG VEATI: what changed
What changed
MG VEATI
filed annual accounts (NBB)
Net result for the year
€78,246
2024 · €43,531+€34,715
Equity
€122,918
2024 · €45,531+€77,387
Cash
€68,822
2024 · €31,163+€37,659
Balance sheet total
€150,354
2024 · €77,517+€72,837
Largest movements
Assets
- Receivables after one year +€50,000
new in 2025: €50,000
- Cash +€37,659
up €37,659 (+121%), from €31,163 to €68,822
mainly Net result for the year (+€78,246) and Depreciation (+€8,104)
- Receivables within one year -€7,092
no longer reported in 2025 (was €7,092)
- Tangible fixed assets -€6,706
down €6,706 (-23.5%), from €28,504 to €21,797
Equity and liabilities
- Reserves +€77,387
up €77,387 (+178%), from €43,531 to €120,918
- Debts after one year -€7,207
down €7,207 (-34.0%), from €21,173 to €13,966
- Tax, wage and social debts +€1,814
up €1,814 (+58.3%), from €3,110 to €4,924
of which Taxes: +€1,564
Income statement
- Gross operating margin +€38,294
up €38,294 (+53.9%), from €71,108 to €109,402
- Taxes +€8,691
up €8,691 (+67.5%), from €12,873 to €21,564
- Depreciation -€4,170
down €4,170 (-34.0%), from €12,274 to €8,104
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€43,531
Gross operating margin
+€38,294
Depreciation
+€4,170
Other operating charges
+€696
Financial income
-€452
Financial charges
+€697
Taxes
-€8,691
Result 2025
€78,246
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€46,848
Investment
-€1,398
Financing
-€7,791
Cash 2024
€31,163
From operations (derived)
+€46,848
Net result for the year
+€78,246
Depreciation
+€8,104
Receivables after one year
-€50,000
Receivables within one year
+€7,092
Deferred charges and accrued income
+€1,024
Trade debts
-€414
Tax, wage and social debts
+€1,814
Other debts
+€982
Investment (derived)
-€1,398
Investment in fixed assets (net)
-€1,398
Financing
-€7,791
Debts after one year
-€7,207
Current portion of long-term debt
+€276
Contributions, distributions and other
-€859
Cash 2025
€68,822
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,517 | €150,354 | +€72,837 | +94.0% |
| Fixed assets | 21/28 | €28,504 | €21,797 | -€6,706 | -23.5% |
| Tangible fixed assets | 22/27 | €28,504 | €21,797 | -€6,706 | -23.5% |
| Furniture and vehicles | 24 | €28,504 | €21,797 | -€6,706 | -23.5% |
| Current assets | 29/58 | €49,013 | €128,556 | +€79,543 | +162% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €7,092 | - | -€7,092 | |
| Other amounts receivable | 41 | €7,092 | - | -€7,092 | |
| Cash at bank and in hand | 54/58 | €31,163 | €68,822 | +€37,659 | +121% |
| Deferred charges and accrued income | 490/1 | €10,759 | €9,735 | -€1,024 | -9.5% |
| Total equity and liabilities | 10/49 | €77,517 | €150,354 | +€72,837 | +94.0% |
| Equity | 10/15 | €45,531 | €122,918 | +€77,387 | +170% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €43,531 | €120,918 | +€77,387 | +178% |
| Distributable reserves | 133 | €43,531 | €120,918 | +€77,387 | +178% |
| Amounts payable | 17/49 | €31,986 | €27,436 | -€4,550 | -14.2% |
| Amounts payable after more than one year | 17 | €21,173 | €13,966 | -€7,207 | -34.0% |
| Financial debts | 170/4 | €21,173 | €13,966 | -€7,207 | -34.0% |
| Amounts payable within one year | 42/48 | €10,813 | €13,470 | +€2,657 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €6,932 | €7,207 | +€276 | +4.0% |
| Trade debts | 44 | €771 | €357 | -€414 | -53.8% |
| Suppliers | 440/4 | €771 | €357 | -€414 | -53.8% |
| Taxes, remuneration and social security | 45 | €3,110 | €4,924 | +€1,814 | +58.3% |
| Taxes | 450/3 | €2,700 | €4,264 | +€1,564 | +57.9% |
| Remuneration and social security | 454/9 | €410 | €660 | +€250 | +61.0% |
| Other amounts payable | 47/48 | - | €982 | +€982 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,274 | €8,104 | -€4,170 | -34.0% |
| Other operating charges | 640/8 | €1,393 | €696 | -€696 | -50.0% |
| Gross operating margin | 9900 | €71,108 | €109,402 | +€38,294 | +53.9% |
| Operating profit (loss) | 9901 | €57,441 | €100,602 | +€43,161 | +75.1% |
| Financial income | 75/76B | €683 | €231 | -€452 | -66.1% |
| Recurring financial income | 75 | €683 | €231 | -€452 | -66.1% |
| Financial charges | 65/66B | €1,719 | €1,023 | -€697 | -40.5% |
| Recurring financial charges | 65 | €1,719 | €1,023 | -€697 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €56,405 | €99,810 | +€43,406 | +77.0% |
| Income taxes | 67/77 | €12,873 | €21,564 | +€8,691 | +67.5% |
| Profit (loss) for the period | 9904 | €43,531 | €78,246 | +€34,715 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,531 | €78,246 | +€34,715 | +79.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.