MGA CONCEPT: 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.
MGA CONCEPT
Largest movements
- Receivables within one year -€321,752
down €321,752 (-61.9%), from €519,947 to €198,194
of which Trade receivables: -€339,950
- Tangible fixed assets +€15,060
up €15,060 (+69.2%), from €21,748 to €36,808
of which Furniture and vehicles: +€12,931
- Cash -€7,787
down €7,787 (-31.6%), from €24,652 to €16,865
mainly Trade debts (-€403,577) and Investment in fixed assets (net) (-€23,907)
- Trade debts -€403,577
down €403,577 (-98.1%), from €411,372 to €7,795
- Profit (loss) carried forward +€56,018
up €56,018 (+45.7%), from €122,458 to €178,476
- Current portion of long-term debt +€20,137
new in 2025: €20,137
- Short-term financial debts +€15,099
new in 2025: €15,099
- Gross operating margin +€8,014
up €8,014 (+10.1%), from €79,731 to €87,745
- Depreciation +€4,173
up €4,173 (+89.3%), from €4,674 to €8,847
- Other operating charges +€3,300
up €3,300 (+218.1%), from €1,513 to €4,813
- Financial charges +€1,425
up €1,425 (+418.1%), from €341 to €1,766
of which Financial charges: +€1,306
- Taxes +€1,327
up €1,327 (+9.0%), from €14,711 to €16,039
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 | €566,347 | €251,867 | -€314,480 | -55.5% |
| Fixed assets | 21/28 | €21,748 | €36,808 | +€15,060 | +69.2% |
| Tangible fixed assets | 22/27 | €21,748 | €36,808 | +€15,060 | +69.2% |
| Plant, machinery and equipment | 23 | €1,487 | €3,616 | +€2,129 | +143.1% |
| Furniture and vehicles | 24 | €20,261 | €33,192 | +€12,931 | +63.8% |
| Current assets | 29/58 | €544,599 | €215,059 | -€329,540 | -60.5% |
| Amounts receivable within one year | 40/41 | €519,947 | €198,194 | -€321,752 | -61.9% |
| Trade receivables | 40 | €424,864 | €84,914 | -€339,950 | -80.0% |
| Other amounts receivable | 41 | €95,082 | €113,280 | +€18,198 | +19.1% |
| Cash at bank and in hand | 54/58 | €24,652 | €16,865 | -€7,787 | -31.6% |
| Total equity and liabilities | 10/49 | €566,347 | €251,867 | -€314,480 | -55.5% |
| Equity | 10/15 | €122,458 | €178,476 | +€56,018 | +45.7% |
| Profit (loss) carried forward | 14 | €122,458 | €178,476 | +€56,018 | +45.7% |
| Amounts payable | 17/49 | €443,889 | €73,391 | -€370,497 | -83.5% |
| Amounts payable within one year | 42/48 | €443,889 | €73,391 | -€370,497 | -83.5% |
| Current portion of amounts payable after more than one year | 42 | - | €20,137 | +€20,137 | |
| Financial debts | 43 | - | €15,099 | +€15,099 | |
| Credit institutions | 430/8 | - | €15,099 | +€15,099 | |
| Trade debts | 44 | €411,372 | €7,795 | -€403,577 | -98.1% |
| Suppliers | 440/4 | €411,372 | €7,795 | -€403,577 | -98.1% |
| Taxes, remuneration and social security | 45 | €32,517 | €30,361 | -€2,156 | -6.6% |
| Taxes | 450/3 | €32,502 | €30,361 | -€2,141 | -6.6% |
| Remuneration and social security | 454/9 | €15 | - | -€15 | |
| Remuneration, social security and pensions | 62 | - | €264 | +€264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,674 | €8,847 | +€4,173 | +89.3% |
| Other operating charges | 640/8 | €1,513 | €4,813 | +€3,300 | +218.1% |
| Gross operating margin | 9900 | €79,731 | €87,745 | +€8,014 | +10.1% |
| Operating profit (loss) | 9901 | €73,544 | €73,821 | +€277 | +0.4% |
| Financial income | 75/76B | €13 | €1 | -€12 | -93.2% |
| Recurring financial income | 75 | €13 | €1 | -€12 | -93.2% |
| Financial charges | 65/66B | €341 | €1,766 | +€1,425 | +418.1% |
| Recurring financial charges | 65 | €341 | €1,647 | +€1,306 | +383.2% |
| Non-recurring financial charges | 66B | - | €119 | +€119 | |
| Profit (loss) for the period before taxes | 9903 | €73,216 | €72,056 | -€1,159 | -1.6% |
| Income taxes | 67/77 | €14,711 | €16,039 | +€1,327 | +9.0% |
| Profit (loss) for the period | 9904 | €58,505 | €56,018 | -€2,487 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,505 | €56,018 | -€2,487 | -4.3% |
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 12 October 2026 via checked.be.