MGBC: 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.
MGBC
Largest movements
- Tangible fixed assets -€8,637
down €8,637 (-4.3%), from €201,898 to €193,261
of which Land and buildings: -€8,065
- Profit (loss) carried forward -€25,152
down €25,152, from €22,950 to -€2,201
- Other debts +€17,631
up €17,631 (+6,553%), from €269 to €17,900
- Debts after one year -€4,898
down €4,898 (-2.9%), from €171,804 to €166,906
- Turnover -€55,805
down €55,805 (-47.5%), from €117,399 to €61,594
- Gross operating margin -€44,477
down €44,477 (-94.2%), from €47,214 to €2,737
- Purchases and services -€11,328
down €11,328 (-16.1%), from €70,185 to €58,857
- Other operating charges +€5,512
up €5,512 (+346%), from €1,595 to €7,107
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 | €206,467 | €195,438 | -€11,029 | -5.3% |
| Fixed assets | 21/28 | €201,898 | €193,261 | -€8,637 | -4.3% |
| Tangible fixed assets | 22/27 | €201,898 | €193,261 | -€8,637 | -4.3% |
| Land and buildings | 22 | €200,835 | €192,769 | -€8,065 | -4.0% |
| Furniture and vehicles | 24 | €1,064 | €492 | -€572 | -53.7% |
| Current assets | 29/58 | €4,568 | €2,176 | -€2,392 | -52.4% |
| Amounts receivable within one year | 40/41 | €1,788 | €1,201 | -€587 | -32.8% |
| Other amounts receivable | 41 | €1,788 | €1,201 | -€587 | -32.8% |
| Cash at bank and in hand | 54/58 | €1,956 | €151 | -€1,805 | -92.3% |
| Deferred charges and accrued income | 490/1 | €824 | €824 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €206,467 | €195,438 | -€11,029 | -5.3% |
| Equity | 10/15 | €25,950 | €799 | -€25,152 | -96.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,950 | -€2,201 | -€25,152 | |
| Amounts payable | 17/49 | €180,516 | €194,639 | +€14,122 | +7.8% |
| Amounts payable after more than one year | 17 | €171,804 | €166,906 | -€4,898 | -2.9% |
| Financial debts | 170/4 | €171,804 | €166,906 | -€4,898 | -2.9% |
| Amounts payable within one year | 42/48 | €8,713 | €27,733 | +€19,020 | +218% |
| Current portion of amounts payable after more than one year | 42 | €4,702 | €5,882 | +€1,180 | +25.1% |
| Trade debts | 44 | €3,742 | €1,922 | -€1,819 | -48.6% |
| Suppliers | 440/4 | €3,742 | €1,922 | -€1,819 | -48.6% |
| Taxes, remuneration and social security | 45 | - | €2,028 | +€2,028 | |
| Taxes | 450/3 | - | €2,028 | +€2,028 | |
| Other amounts payable | 47/48 | €269 | €17,900 | +€17,631 | +6,553% |
| Turnover | 70 | €117,399 | €61,594 | -€55,805 | -47.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €70,185 | €58,857 | -€11,328 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,837 | €8,637 | -€200 | -2.3% |
| Other operating charges | 640/8 | €1,595 | €7,107 | +€5,512 | +346% |
| Gross operating margin | 9900 | €47,214 | €2,737 | -€44,477 | -94.2% |
| Operating profit (loss) | 9901 | €36,782 | -€13,007 | -€49,789 | |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €10,275 | €11,138 | +€863 | +8.4% |
| Recurring financial charges | 65 | €10,275 | €11,138 | +€863 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €26,512 | -€24,146 | -€50,658 | |
| Income taxes | 67/77 | - | €1,006 | +€1,006 | |
| Profit (loss) for the period | 9904 | €26,512 | -€25,152 | -€51,664 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,512 | -€25,152 | -€51,664 |
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 26 October 2026 via checked.be.