MGB MOTO: 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 MOTO
Largest movements
- Stocks and contracts +€62,725
up €62,725 (+32.1%), from €195,296 to €258,021
of which Stocks: +€64,235
- Tangible fixed assets -€5,455
down €5,455 (-6.0%), from €91,283 to €85,828
of which Land and buildings: -€5,138
- Trade debts +€29,070
up €29,070 (+921%), from €3,155 to €32,225
- Reserves +€15,208
up €15,208 (+9.9%), from €153,147 to €168,356
- Other debts +€9,242
up €9,242 (+7.4%), from €124,668 to €133,910
- Staff costs +€15,433
new in 2025: €15,433
- Gross operating margin +€5,480
up €5,480 (+12.8%), from €42,750 to €48,230
- Taxes -€4,675
down €4,675 (-43.2%), from €10,831 to €6,156
- Financial charges -€549
down €549 (-29.5%), from €1,863 to €1,314
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 | €321,876 | €374,509 | +€52,633 | +16.4% |
| Fixed assets | 21/28 | €91,283 | €85,828 | -€5,455 | -6.0% |
| Tangible fixed assets | 22/27 | €91,283 | €85,828 | -€5,455 | -6.0% |
| Land and buildings | 22 | €90,197 | €85,059 | -€5,138 | -5.7% |
| Plant, machinery and equipment | 23 | €1,086 | €769 | -€317 | -29.2% |
| Current assets | 29/58 | €230,594 | €288,681 | +€58,088 | +25.2% |
| Stocks and contracts in progress | 3 | €195,296 | €258,021 | +€62,725 | +32.1% |
| Stocks | 30/36 | €192,285 | €256,521 | +€64,235 | +33.4% |
| Contracts in progress | 37 | €3,011 | €1,500 | -€1,511 | -50.2% |
| Amounts receivable within one year | 40/41 | €13,528 | €10,996 | -€2,532 | -18.7% |
| Trade receivables | 40 | €13,487 | €10,888 | -€2,599 | -19.3% |
| Other amounts receivable | 41 | €41 | €108 | +€67 | +163% |
| Cash at bank and in hand | 54/58 | €18,869 | €19,225 | +€356 | +1.9% |
| Deferred charges and accrued income | 490/1 | €2,900 | €440 | -€2,460 | -84.8% |
| Total equity and liabilities | 10/49 | €321,876 | €374,509 | +€52,633 | +16.4% |
| Equity | 10/15 | €173,401 | €188,609 | +€15,208 | +8.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €153,147 | €168,356 | +€15,208 | +9.9% |
| Distributable reserves | 133 | €153,147 | €168,356 | +€15,208 | +9.9% |
| Profit (loss) carried forward | 14 | €1,661 | €1,661 | = | 0.0% |
| Amounts payable | 17/49 | €148,476 | €185,900 | +€37,425 | +25.2% |
| Amounts payable within one year | 42/48 | €145,698 | €184,353 | +€38,655 | +26.5% |
| Trade debts | 44 | €3,155 | €32,225 | +€29,070 | +921% |
| Suppliers | 440/4 | €3,155 | €32,225 | +€29,070 | +921% |
| Advances received on contracts in progress | 46 | €3,108 | €1,500 | -€1,608 | -51.7% |
| Taxes, remuneration and social security | 45 | €14,767 | €16,717 | +€1,950 | +13.2% |
| Taxes | 450/3 | €14,767 | €15,458 | +€691 | +4.7% |
| Remuneration and social security | 454/9 | - | €1,259 | +€1,259 | |
| Other amounts payable | 47/48 | €124,668 | €133,910 | +€9,242 | +7.4% |
| Accrued charges and deferred income | 492/3 | €2,778 | €1,547 | -€1,230 | -44.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €15,433 | +€15,433 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,237 | €9,110 | -€126 | -1.4% |
| Other operating charges | 640/8 | €1,487 | €1,308 | -€178 | -12.0% |
| Gross operating margin | 9900 | €42,750 | €48,230 | +€5,480 | +12.8% |
| Operating profit (loss) | 9901 | €32,027 | €22,378 | -€9,649 | -30.1% |
| Financial income | 75/76B | €656 | €300 | -€356 | -54.2% |
| Recurring financial income | 75 | €656 | €300 | -€356 | -54.2% |
| Financial charges | 65/66B | €1,863 | €1,314 | -€549 | -29.5% |
| Recurring financial charges | 65 | €1,863 | €1,314 | -€549 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €30,820 | €21,364 | -€9,455 | -30.7% |
| Income taxes | 67/77 | €10,831 | €6,156 | -€4,675 | -43.2% |
| Profit (loss) for the period | 9904 | €19,989 | €15,208 | -€4,781 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,989 | €15,208 | -€4,781 | -23.9% |
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 22 October 2026 via checked.be.