MGB - AUTOMATIC: 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.
MGB - AUTOMATIC
Largest movements
- Receivables within one year +€459,880
up €459,880 (+21,073%), from €2,182 to €462,062
of which Trade receivables: +€461,892
- Tangible fixed assets +€420,158
up €420,158 (+34.6%), from €1.2m to €1.6m
of which Land and buildings: +€428,551
- Trade debts +€468,207
up €468,207 (+6,286%), from €7,448 to €475,656
- Other debts +€437,593
up €437,593 (+87.7%), from €498,784 to €936,376
- Depreciation +€26,153
up €26,153 (+173%), from €15,132 to €41,285
- Gross operating margin +€23,090
up €23,090 (+911%), from €2,534 to €25,624
- Provisions -€2,183
no longer reported in 2025 (was €2,183)
- Other operating charges -€489
down €489 (-23.7%), from €2,064 to €1,575
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 | €1,218,768 | €2,104,309 | +€885,541 | +72.7% |
| Fixed assets | 21/28 | €1,214,726 | €1,634,884 | +€420,158 | +34.6% |
| Tangible fixed assets | 22/27 | €1,214,726 | €1,634,884 | +€420,158 | +34.6% |
| Land and buildings | 22 | €1,205,380 | €1,633,930 | +€428,551 | +35.6% |
| Furniture and vehicles | 24 | €9,347 | €954 | -€8,393 | -89.8% |
| Current assets | 29/58 | €4,042 | €469,425 | +€465,383 | +11,514% |
| Amounts receivable within one year | 40/41 | €2,182 | €462,062 | +€459,880 | +21,073% |
| Trade receivables | 40 | €0 | €461,892 | +€461,892 | |
| Other amounts receivable | 41 | €2,182 | €170 | -€2,012 | -92.2% |
| Cash at bank and in hand | 54/58 | €1,447 | €6,910 | +€5,463 | +377% |
| Deferred charges and accrued income | 490/1 | €413 | €453 | +€41 | +9.8% |
| Total equity and liabilities | 10/49 | €1,218,768 | €2,104,309 | +€885,541 | +72.7% |
| Equity | 10/15 | €712,536 | €692,277 | -€20,259 | -2.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €301,900 | €301,900 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | - | -€1,900 | |
| Reserves not available under the articles | 1311 | €1,900 | - | -€1,900 | |
| Distributable reserves | 133 | €300,000 | €301,900 | +€1,900 | +0.6% |
| Profit (loss) carried forward | 14 | €391,636 | €371,377 | -€20,259 | -5.2% |
| Amounts payable | 17/49 | €506,232 | €1,412,032 | +€905,800 | +179% |
| Amounts payable within one year | 42/48 | €506,232 | €1,412,032 | +€905,800 | +179% |
| Trade debts | 44 | €7,448 | €475,656 | +€468,207 | +6,286% |
| Suppliers | 440/4 | €7,448 | €475,656 | +€468,207 | +6,286% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €498,784 | €936,376 | +€437,593 | +87.7% |
| Non-recurring operating income | 76A | - | €2,126 | +€2,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,132 | €41,285 | +€26,153 | +173% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,183 | - | -€2,183 | |
| Other operating charges | 640/8 | €2,064 | €1,575 | -€489 | -23.7% |
| Gross operating margin | 9900 | €2,534 | €25,624 | +€23,090 | +911% |
| Operating profit (loss) | 9901 | -€16,846 | -€17,236 | -€390 | -2.3% |
| Financial income | 75/76B | €248 | - | -€248 | |
| Recurring financial income | 75 | €248 | - | -€248 | |
| Financial charges | 65/66B | €2,838 | €3,023 | +€184 | +6.5% |
| Recurring financial charges | 65 | €2,838 | €3,023 | +€184 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,436 | -€20,259 | -€823 | -4.2% |
| Profit (loss) for the period | 9904 | -€19,436 | -€20,259 | -€823 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,436 | -€20,259 | -€823 | -4.2% |
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 14 October 2026 via checked.be.