MGA CONSTRUCT: 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 CONSTRUCT
Largest movements
- Stocks and contracts -€21,250
no longer reported in 2025 (was €21,250)
- Receivables within one year -€12,289
down €12,289 (-1.9%), from €636,642 to €624,353
of which Trade receivables: -€33,203
- Tax, wage and social debts -€35,900
down €35,900 (-24.0%), from €149,652 to €113,752
of which Taxes: -€37,327
- Turnover +€27,183
up €27,183 (+19.0%), from €142,933 to €170,116
- Purchases and services +€24,180
up €24,180 (+21.9%), from €110,351 to €134,531
- Other operating charges +€12,150
up €12,150 (+708%), from €1,716 to €13,866
- Staff costs -€10,963
down €10,963 (-30.3%), from €36,200 to €25,238
- Gross operating margin -€6,099
down €6,099 (-10.6%), from €57,466 to €51,368
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 | €663,139 | €633,416 | -€29,723 | -4.5% |
| Fixed assets | 21/28 | €2,591 | €374 | -€2,217 | -85.6% |
| Tangible fixed assets | 22/27 | €2,591 | €374 | -€2,217 | -85.6% |
| Plant, machinery and equipment | 23 | €1,470 | €125 | -€1,345 | -91.5% |
| Furniture and vehicles | 24 | €1,120 | €249 | -€872 | -77.8% |
| Current assets | 29/58 | €660,548 | €633,042 | -€27,506 | -4.2% |
| Stocks and contracts in progress | 3 | €21,250 | - | -€21,250 | |
| Stocks | 30/36 | €21,250 | - | -€21,250 | |
| Amounts receivable within one year | 40/41 | €636,642 | €624,353 | -€12,289 | -1.9% |
| Trade receivables | 40 | €322,369 | €289,166 | -€33,203 | -10.3% |
| Other amounts receivable | 41 | €314,273 | €335,187 | +€20,914 | +6.7% |
| Cash at bank and in hand | 54/58 | €805 | €6,596 | +€5,791 | +719% |
| Deferred charges and accrued income | 490/1 | €1,851 | €2,093 | +€242 | +13.1% |
| Total equity and liabilities | 10/49 | €663,139 | €633,416 | -€29,723 | -4.5% |
| Equity | 10/15 | €446,734 | €451,415 | +€4,681 | +1.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €445,734 | €450,415 | +€4,681 | +1.1% |
| Amounts payable | 17/49 | €216,405 | €182,001 | -€34,404 | -15.9% |
| Amounts payable within one year | 42/48 | €216,405 | €182,001 | -€34,404 | -15.9% |
| Trade debts | 44 | €66,753 | €68,249 | +€1,496 | +2.2% |
| Suppliers | 440/4 | €66,753 | €68,249 | +€1,496 | +2.2% |
| Taxes, remuneration and social security | 45 | €149,652 | €113,752 | -€35,900 | -24.0% |
| Taxes | 450/3 | €139,549 | €102,222 | -€37,327 | -26.7% |
| Remuneration and social security | 454/9 | €10,103 | €11,530 | +€1,427 | +14.1% |
| Turnover | 70 | €142,933 | €170,116 | +€27,183 | +19.0% |
| Non-recurring operating income | 76A | €24,885 | €15,783 | -€9,102 | -36.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €110,351 | €134,531 | +€24,180 | +21.9% |
| Remuneration, social security and pensions | 62 | €36,200 | €25,238 | -€10,963 | -30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,763 | €2,217 | -€3,547 | -61.5% |
| Other operating charges | 640/8 | €1,716 | €13,866 | +€12,150 | +708% |
| Gross operating margin | 9900 | €57,466 | €51,368 | -€6,099 | -10.6% |
| Operating profit (loss) | 9901 | €13,787 | €10,047 | -€3,740 | -27.1% |
| Financial income | 75/76B | €272 | - | -€272 | |
| Recurring financial income | 75 | €272 | - | -€272 | |
| Financial charges | 65/66B | €2,460 | €147 | -€2,314 | -94.0% |
| Recurring financial charges | 65 | €2,460 | €147 | -€2,314 | -94.0% |
| Profit (loss) for the period before taxes | 9903 | €11,598 | €9,900 | -€1,698 | -14.6% |
| Income taxes | 67/77 | €3,093 | €5,219 | +€2,126 | +68.8% |
| Profit (loss) for the period | 9904 | €8,505 | €4,681 | -€3,824 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,505 | €4,681 | -€3,824 | -45.0% |
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 31 October 2026 via checked.be.