MGBI: 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.
What changed
MGBI
NACE 46.497, Wholesale trade
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€92,309
2024 · -€157,457+€65,148
Equity
€149,256
2024 · €241,564-€92,309
Cash
€36,892
2024 · €55,060-€18,168
Balance sheet total
€1.3m
2024 · €1.2m+€106,307
Largest movements
Assets
- Stocks and contracts +€60,032
up €60,032 (+6.6%), from €904,136 to €964,168
- Receivables within one year +€55,386
up €55,386 (+26.8%), from €206,982 to €262,368
of which Trade receivables: +€59,595
- Cash -€18,168
down €18,168 (-33.0%), from €55,060 to €36,892
mainly Net result for the year (-€92,309) and Stocks and contracts (-€60,032)
Equity and liabilities
- Trade debts +€196,229
up €196,229 (+83.4%), from €235,321 to €431,550
- Profit (loss) carried forward -€92,309
down €92,309 (-53.1%), from €173,914 to €81,606
Income statement
- Goods and materials +€676,198
up €676,198 (+42.0%), from €1.6m to €2.3m
of which Purchases: +€892,309
- Turnover +€538,168
up €538,168 (+18.1%), from €3.0m to €3.5m
- Services and other goods -€119,001
down €119,001 (-10.9%), from €1.1m to €977,668
- Financial charges -€90,666
down €90,666 (-57.2%), from €158,473 to €67,807
of which Non-recurring financial charges: -€87,321
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.
Result 2024
-€157,457
Turnover
+€538,168
Other operating income
+€3,832
Goods and materials
-€676,198
Services and other goods
+€119,001
Staff costs
-€21,047
Depreciation
+€24,822
Other operating charges
-€5,688
Other operating items
-€3,366
Financial income
-€1,386
Financial charges
+€90,666
Taxes
-€3,655
Result 2025
-€92,309
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.
From operations
+€6,095
Investment
-€13,556
Financing
-€10,707
Cash 2024
€55,060
From operations (derived)
+€6,095
Net result for the year
-€92,309
Depreciation
+€12,057
Stocks and contracts
-€60,032
Receivables within one year
-€55,386
Deferred charges and accrued income
-€7,558
Trade debts
+€196,229
Tax, wage and social debts
+€5,729
Accrued charges and deferred income
+€7,365
Investment (derived)
-€13,556
Investment in fixed assets (net)
-€13,556
Financing
-€10,707
Current portion of long-term debt
-€10,707
Cash 2025
€36,892
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,227,961 | €1,334,268 | +€106,307 | +8.7% |
| Fixed assets | 21/28 | €26,828 | €28,327 | +€1,499 | +5.6% |
| Intangible fixed assets | 21 | €15,093 | €17,194 | +€2,101 | +13.9% |
| Tangible fixed assets | 22/27 | €10,943 | €10,340 | -€602 | -5.5% |
| Furniture and vehicles | 24 | €10,943 | €10,340 | -€602 | -5.5% |
| Financial fixed assets | 28 | €793 | €793 | = | 0.0% |
| Affiliated companies | 280/1 | €0 | - | = | |
| Participating interests | 280 | €0 | - | = | |
| Amounts receivable | 281 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €793 | €793 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €793 | €793 | = | 0.0% |
| Current assets | 29/58 | €1,201,132 | €1,305,941 | +€104,808 | +8.7% |
| Stocks and contracts in progress | 3 | €904,136 | €964,168 | +€60,032 | +6.6% |
| Stocks | 30/36 | €904,136 | €964,168 | +€60,032 | +6.6% |
| Goods purchased for resale | 34 | €904,136 | €964,168 | +€60,032 | +6.6% |
| Amounts receivable within one year | 40/41 | €206,982 | €262,368 | +€55,386 | +26.8% |
| Trade receivables | 40 | €188,877 | €248,472 | +€59,595 | +31.6% |
| Other amounts receivable | 41 | €18,105 | €13,895 | -€4,210 | -23.3% |
| Cash at bank and in hand | 54/58 | €55,060 | €36,892 | -€18,168 | -33.0% |
| Deferred charges and accrued income | 490/1 | €34,955 | €42,513 | +€7,558 | +21.6% |
| Total equity and liabilities | 10/49 | €1,227,961 | €1,334,268 | +€106,307 | +8.7% |
| Equity | 10/15 | €241,564 | €149,256 | -€92,309 | -38.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €173,914 | €81,606 | -€92,309 | -53.1% |
| Amounts payable | 17/49 | €986,396 | €1,185,013 | +€198,616 | +20.1% |
| Amounts payable after more than one year | 17 | €659,000 | €659,000 | = | 0.0% |
| Financial debts | 170/4 | €659,000 | €659,000 | = | 0.0% |
| Other loans | 174 | €659,000 | €659,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €326,342 | €517,593 | +€191,251 | +58.6% |
| Current portion of amounts payable after more than one year | 42 | €57,614 | €46,908 | -€10,707 | -18.6% |
| Trade debts | 44 | €235,321 | €431,550 | +€196,229 | +83.4% |
| Suppliers | 440/4 | €235,321 | €431,550 | +€196,229 | +83.4% |
| Taxes, remuneration and social security | 45 | €33,407 | €39,136 | +€5,729 | +17.2% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €33,407 | €39,136 | +€5,729 | +17.2% |
| Accrued charges and deferred income | 492/3 | €1,054 | €8,419 | +€7,365 | +698.6% |
| Operating income | 70/76A | €2,988,509 | €3,530,510 | +€542,000 | +18.1% |
| Turnover | 70 | €2,981,196 | €3,519,365 | +€538,168 | +18.1% |
| Other operating income | 74 | €7,313 | €11,145 | +€3,832 | +52.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €3,017,760 | €3,580,237 | +€562,476 | +18.6% |
| Goods for resale, raw materials and consumables | 60 | €1,608,677 | €2,284,875 | +€676,198 | +42.0% |
| Purchases | 600/8 | €1,452,598 | €2,344,907 | +€892,309 | +61.4% |
| Change in stocks: decrease (increase) | 609 | €156,079 | -€60,032 | -€216,111 | |
| Services and other goods | 61 | €1,096,669 | €977,668 | -€119,001 | -10.9% |
| Remuneration, social security and pensions | 62 | €272,569 | €293,616 | +€21,047 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,879 | €12,057 | -€24,822 | -67.3% |
| Other operating charges | 640/8 | €2,185 | €7,874 | +€5,688 | +260.3% |
| Non-recurring operating charges | 66A | €781 | €4,147 | +€3,366 | +431.0% |
| Operating profit (loss) | 9901 | -€29,251 | -€49,727 | -€20,476 | -70.0% |
| Financial income | 75/76B | €31,811 | €30,424 | -€1,386 | -4.4% |
| Recurring financial income | 75 | €31,811 | €30,424 | -€1,386 | -4.4% |
| Other financial income | 752/9 | €31,811 | €30,424 | -€1,386 | -4.4% |
| Financial charges | 65/66B | €158,473 | €67,807 | -€90,666 | -57.2% |
| Recurring financial charges | 65 | €71,151 | €67,807 | -€3,344 | -4.7% |
| Debt charges | 650 | €30,619 | €32,881 | +€2,262 | +7.4% |
| Other financial charges | 652/9 | €40,533 | €34,926 | -€5,606 | -13.8% |
| Non-recurring financial charges | 66B | €87,321 | €0 | -€87,321 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€155,913 | -€87,109 | +€68,804 | +44.1% |
| Income taxes | 67/77 | €1,544 | €5,200 | +€3,655 | +236.7% |
| Taxes | 670/3 | €1,544 | €5,200 | +€3,655 | +236.7% |
| Profit (loss) for the period | 9904 | -€157,457 | -€92,309 | +€65,148 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€157,457 | -€92,309 | +€65,148 | +41.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.