MG8: 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.
MG8
Largest movements
- Cash +€169,812
up €169,812 (+215.5%), from €78,798 to €248,611
mainly Net result for the year (+€143,445) and Receivables within one year (+€105,935)
- Receivables within one year -€105,935
down €105,935 (-35.3%), from €299,748 to €193,814
of which Trade receivables: -€118,662
- Tangible fixed assets +€46,200
up €46,200 (+2489.0%), from €1,856 to €48,056
of which Other tangible fixed assets: +€42,750
- Deferred charges and accrued income +€6,044
up €6,044 (+812.3%), from €744 to €6,788
- Other debts +€85,000
new in 2025: €85,000
- Trade debts -€68,683
down €68,683 (-70.0%), from €98,178 to €29,495
- Tax, wage and social debts +€55,345
up €55,345 (+100.4%), from €55,124 to €110,468
of which Taxes: +€54,438
- Profit (loss) carried forward +€43,445
up €43,445 (+18.0%), from €241,957 to €285,402
- Taxes +€22,495
up €22,495 (+56.2%), from €40,033 to €62,529
- Staff costs +€14,378
up €14,378 (+363.1%), from €3,960 to €18,338
- Depreciation -€6,989
down €6,989 (-60.8%), from €11,490 to €4,502
- Financial charges -€3,415
down €3,415 (-57.7%), from €5,921 to €2,506
- Other operating charges +€2,780
up €2,780 (+83.0%), from €3,352 to €6,132
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.
Cash bridge derived
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 | €398,259 | €516,461 | +€118,202 | +29.7% |
| Fixed assets | 21/28 | €13,456 | €59,656 | +€46,200 | +343.3% |
| Tangible fixed assets | 22/27 | €1,856 | €48,056 | +€46,200 | +2489.0% |
| Plant, machinery and equipment | 23 | €726 | €5,306 | +€4,580 | +630.6% |
| Furniture and vehicles | 24 | €1,130 | - | -€1,130 | |
| Other tangible fixed assets | 26 | - | €42,750 | +€42,750 | |
| Financial fixed assets | 28 | €11,600 | €11,600 | = | 0.0% |
| Current assets | 29/58 | €384,803 | €456,805 | +€72,002 | +18.7% |
| Stocks and contracts in progress | 3 | €5,512 | €7,592 | +€2,080 | +37.7% |
| Stocks | 30/36 | €5,512 | €7,592 | +€2,080 | +37.7% |
| Amounts receivable within one year | 40/41 | €299,748 | €193,814 | -€105,935 | -35.3% |
| Trade receivables | 40 | €124,922 | €6,260 | -€118,662 | -95.0% |
| Other amounts receivable | 41 | €174,826 | €187,553 | +€12,727 | +7.3% |
| Cash at bank and in hand | 54/58 | €78,798 | €248,611 | +€169,812 | +215.5% |
| Deferred charges and accrued income | 490/1 | €744 | €6,788 | +€6,044 | +812.3% |
| Total equity and liabilities | 10/49 | €398,259 | €516,461 | +€118,202 | +29.7% |
| Equity | 10/15 | €244,957 | €288,402 | +€43,445 | +17.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,957 | €285,402 | +€43,445 | +18.0% |
| Amounts payable | 17/49 | €153,302 | €228,059 | +€74,757 | +48.8% |
| Amounts payable within one year | 42/48 | €153,302 | €228,059 | +€74,757 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,095 | +€3,095 | |
| Trade debts | 44 | €98,178 | €29,495 | -€68,683 | -70.0% |
| Suppliers | 440/4 | €98,178 | €29,495 | -€68,683 | -70.0% |
| Taxes, remuneration and social security | 45 | €55,124 | €110,468 | +€55,345 | +100.4% |
| Taxes | 450/3 | €53,803 | €108,241 | +€54,438 | +101.2% |
| Remuneration and social security | 454/9 | €1,321 | €2,228 | +€907 | +68.7% |
| Other amounts payable | 47/48 | - | €85,000 | +€85,000 | |
| Remuneration, social security and pensions | 62 | €3,960 | €18,338 | +€14,378 | +363.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,490 | €4,502 | -€6,989 | -60.8% |
| Other operating charges | 640/8 | €3,352 | €6,132 | +€2,780 | +83.0% |
| Gross operating margin | 9900 | €232,016 | €230,649 | -€1,367 | -0.6% |
| Operating profit (loss) | 9901 | €213,215 | €201,677 | -€11,538 | -5.4% |
| Financial income | 75/76B | €5,410 | €6,802 | +€1,392 | +25.7% |
| Recurring financial income | 75 | €5,410 | €6,802 | +€1,392 | +25.7% |
| Financial charges | 65/66B | €5,921 | €2,506 | -€3,415 | -57.7% |
| Recurring financial charges | 65 | €5,921 | €2,506 | -€3,415 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €212,704 | €205,973 | -€6,730 | -3.2% |
| Income taxes | 67/77 | €40,033 | €62,529 | +€22,495 | +56.2% |
| Profit (loss) for the period | 9904 | €172,670 | €143,445 | -€29,225 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €172,670 | €143,445 | -€29,225 | -16.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.