MG WELDING: 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 WELDING
Largest movements
- Tangible fixed assets +€169,662
up €169,662 (+253%), from €67,150 to €236,812
of which Land and buildings: +€172,836
- Receivables within one year +€95,760
up €95,760 (+177%), from €54,213 to €149,972
of which Trade receivables: +€59,196
- Cash +€14,213
up €14,213 (+27.1%), from €52,460 to €66,673
mainly Debts after one year (+€156,813) and Net result for the year (+€98,919)
- Debts after one year +€156,813
up €156,813 (+550%), from €28,518 to €185,330
- Reserves +€100,000
up €100,000 (+111%), from €90,000 to €190,000
- Current portion of long-term debt +€15,127
up €15,127 (+102%), from €14,850 to €29,977
- Trade debts +€6,588
up €6,588 (+25.2%), from €26,166 to €32,753
- Short-term financial debts -€5,052
no longer reported in 2025 (was €5,052)
- Gross operating margin +€85,913
up €85,913 (+37.9%), from €226,712 to €312,625
- Staff costs +€36,986
up €36,986 (+37.0%), from €100,045 to €137,031
- Depreciation +€5,245
up €5,245 (+14.1%), from €37,289 to €42,534
- Financial charges +€4,541
up €4,541 (+144%), from €3,147 to €7,688
- Taxes +€4,491
up €4,491 (+26.1%), from €17,222 to €21,713
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 | €192,450 | €465,706 | +€273,256 | +142% |
| Fixed assets | 21/28 | €80,437 | €246,099 | +€165,662 | +206% |
| Intangible fixed assets | 21 | €10,082 | €6,082 | -€4,000 | -39.7% |
| Tangible fixed assets | 22/27 | €67,150 | €236,812 | +€169,662 | +253% |
| Land and buildings | 22 | - | €172,836 | +€172,836 | |
| Plant, machinery and equipment | 23 | €22,673 | €16,239 | -€6,434 | -28.4% |
| Furniture and vehicles | 24 | €22,108 | €17,890 | -€4,217 | -19.1% |
| Leasing and similar rights | 25 | €22,369 | €29,846 | +€7,477 | +33.4% |
| Financial fixed assets | 28 | €3,205 | €3,205 | = | 0.0% |
| Current assets | 29/58 | €112,012 | €219,607 | +€107,594 | +96.1% |
| Amounts receivable within one year | 40/41 | €54,213 | €149,972 | +€95,760 | +177% |
| Trade receivables | 40 | €43,011 | €102,207 | +€59,196 | +138% |
| Other amounts receivable | 41 | €11,202 | €47,765 | +€36,563 | +326% |
| Cash at bank and in hand | 54/58 | €52,460 | €66,673 | +€14,213 | +27.1% |
| Deferred charges and accrued income | 490/1 | €5,340 | €2,962 | -€2,378 | -44.5% |
| Total equity and liabilities | 10/49 | €192,450 | €465,706 | +€273,256 | +142% |
| Equity | 10/15 | €96,617 | €195,536 | +€98,919 | +102% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,000 | €190,000 | +€100,000 | +111% |
| Distributable reserves | 133 | €90,000 | €190,000 | +€100,000 | +111% |
| Profit (loss) carried forward | 14 | €1,617 | €536 | -€1,081 | -66.8% |
| Amounts payable | 17/49 | €95,833 | €270,169 | +€174,337 | +182% |
| Amounts payable after more than one year | 17 | €28,518 | €185,330 | +€156,813 | +550% |
| Financial debts | 170/4 | €28,518 | €185,330 | +€156,813 | +550% |
| Amounts payable within one year | 42/48 | €67,315 | €84,839 | +€17,524 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €14,850 | €29,977 | +€15,127 | +102% |
| Financial debts | 43 | €5,052 | - | -€5,052 | |
| Credit institutions | 430/8 | €5,052 | - | -€5,052 | |
| Trade debts | 44 | €26,166 | €32,753 | +€6,588 | +25.2% |
| Suppliers | 440/4 | €26,166 | €32,753 | +€6,588 | +25.2% |
| Taxes, remuneration and social security | 45 | €21,248 | €22,109 | +€861 | +4.1% |
| Taxes | 450/3 | €16,055 | €6,045 | -€10,011 | -62.4% |
| Remuneration and social security | 454/9 | €5,192 | €16,064 | +€10,872 | +209% |
| Remuneration, social security and pensions | 62 | €100,045 | €137,031 | +€36,986 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,289 | €42,534 | +€5,245 | +14.1% |
| Other operating charges | 640/8 | €1,999 | €5,634 | +€3,636 | +182% |
| Non-recurring operating charges | 66A | €2,247 | - | -€2,247 | |
| Gross operating margin | 9900 | €226,712 | €312,625 | +€85,913 | +37.9% |
| Operating profit (loss) | 9901 | €85,133 | €127,426 | +€42,293 | +49.7% |
| Financial income | 75/76B | €43 | €895 | +€852 | +1,974% |
| Recurring financial income | 75 | €43 | €895 | +€852 | +1,974% |
| Financial charges | 65/66B | €3,147 | €7,688 | +€4,541 | +144% |
| Recurring financial charges | 65 | €3,147 | €7,688 | +€4,541 | +144% |
| Profit (loss) for the period before taxes | 9903 | €82,029 | €120,632 | +€38,603 | +47.1% |
| Income taxes | 67/77 | €17,222 | €21,713 | +€4,491 | +26.1% |
| Profit (loss) for the period | 9904 | €64,807 | €98,919 | +€34,112 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,807 | €98,919 | +€34,112 | +52.6% |
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 30 October 2026 via checked.be.