MG2DE: what changed
Two fiscal 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.
MG2DE
Largest movements
- Cash -€4,689
down €4,689 (-96.5%), from €4,859 to €170
mainly Tax, wage and social debts (-€2,279) and Net result for the year (-€2,184)
- Receivables within one year +€339
up €339 (+84.1%), from €403 to €741
of which Trade receivables: +€217
- Tax, wage and social debts -€2,279
no longer reported in 2024 (was €2,279)
- Profit (loss) carried forward -€2,184
down €2,184 (-51.8%), from -€4,218 to -€6,402
- Trade debts +€1,908
up €1,908 (+1058.8%), from €180 to €2,088
- Other debts -€1,795
down €1,795 (-25.6%), from €7,020 to €5,225
- Staff costs -€11,924
down €11,924 (-99.7%), from €11,963 to €38
- Gross operating margin -€8,185
down €8,185, from €6,570 to -€1,616
- Financial income -€1,815
no longer reported in 2024 (was €1,815)
of which Non-recurring financial income: -€1,712
- Other operating charges -€144
down €144 (-24.4%), from €593 to €448
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,261 | €911 | -€4,350 | -82.7% |
| Current assets | 29/58 | €5,261 | €911 | -€4,350 | -82.7% |
| Amounts receivable within one year | 40/41 | €403 | €741 | +€339 | +84.1% |
| Trade receivables | 40 | - | €217 | +€217 | |
| Other amounts receivable | 41 | €403 | €524 | +€121 | +30.1% |
| Cash at bank and in hand | 54/58 | €4,859 | €170 | -€4,689 | -96.5% |
| Total equity and liabilities | 10/49 | €5,261 | €911 | -€4,350 | -82.7% |
| Equity | 10/15 | -€4,218 | -€6,402 | -€2,184 | -51.8% |
| Profit (loss) carried forward | 14 | -€4,218 | -€6,402 | -€2,184 | -51.8% |
| Amounts payable | 17/49 | €9,479 | €7,313 | -€2,166 | -22.9% |
| Amounts payable within one year | 42/48 | €9,479 | €7,313 | -€2,166 | -22.9% |
| Trade debts | 44 | €180 | €2,088 | +€1,908 | +1058.8% |
| Suppliers | 440/4 | €180 | €2,088 | +€1,908 | +1058.8% |
| Taxes, remuneration and social security | 45 | €2,279 | - | -€2,279 | |
| Taxes | 450/3 | €2,279 | - | -€2,279 | |
| Other amounts payable | 47/48 | €7,020 | €5,225 | -€1,795 | -25.6% |
| Remuneration, social security and pensions | 62 | €11,963 | €38 | -€11,924 | -99.7% |
| Other operating charges | 640/8 | €593 | €448 | -€144 | -24.4% |
| Gross operating margin | 9900 | €6,570 | -€1,616 | -€8,185 | |
| Operating profit (loss) | 9901 | -€5,986 | -€2,103 | +€3,883 | +64.9% |
| Financial income | 75/76B | €1,815 | - | -€1,815 | |
| Recurring financial income | 75 | €103 | - | -€103 | |
| Non-recurring financial income | 76B | €1,712 | - | -€1,712 | |
| Financial charges | 65/66B | €47 | €81 | +€35 | +73.7% |
| Recurring financial charges | 65 | €47 | €81 | +€35 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,218 | -€2,184 | +€2,034 | +48.2% |
| Profit (loss) for the period | 9904 | -€4,218 | -€2,184 | +€2,034 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,218 | -€2,184 | +€2,034 | +48.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.