MGBOM: 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.
MGBOM
Largest movements
- Tangible fixed assets +€16,417
up €16,417 (+125.8%), from €13,052 to €29,469
- Cash +€14,732
up €14,732 (+35.5%), from €41,468 to €56,200
mainly Debts after one year (+€15,923) and Net result for the year (+€14,136)
- Receivables within one year +€3,670
up €3,670 (+553.7%), from €663 to €4,333
- Debts after one year +€15,923
new in 2025: €15,923
- Profit (loss) carried forward +€13,303
up €13,303 (+32.4%), from €41,068 to €54,371
- Current portion of long-term debt +€4,220
new in 2025: €4,220
- Other debts +€1,874
up €1,874 (+14.7%), from €12,777 to €14,651
- Gross operating margin -€13,584
down €13,584 (-34.4%), from €39,492 to €25,909
- Taxes -€4,199
down €4,199 (-51.1%), from €8,219 to €4,020
- Depreciation +€1,364
up €1,364 (+30.9%), from €4,419 to €5,783
- Financial charges +€529
up €529 (+39.1%), from €1,351 to €1,880
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,741 | €90,988 | +€35,248 | +63.2% |
| Fixed assets | 21/28 | €13,052 | €29,469 | +€16,417 | +125.8% |
| Tangible fixed assets | 22/27 | €13,052 | €29,469 | +€16,417 | +125.8% |
| Furniture and vehicles | 24 | €13,052 | €29,469 | +€16,417 | +125.8% |
| Current assets | 29/58 | €42,689 | €61,519 | +€18,831 | +44.1% |
| Amounts receivable within one year | 40/41 | €663 | €4,333 | +€3,670 | +553.7% |
| Other amounts receivable | 41 | €663 | €4,333 | +€3,670 | +553.7% |
| Cash at bank and in hand | 54/58 | €41,468 | €56,200 | +€14,732 | +35.5% |
| Deferred charges and accrued income | 490/1 | €558 | €987 | +€429 | +76.8% |
| Total equity and liabilities | 10/49 | €55,741 | €90,988 | +€35,248 | +63.2% |
| Equity | 10/15 | €41,568 | €54,871 | +€13,303 | +32.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,068 | €54,371 | +€13,303 | +32.4% |
| Amounts payable | 17/49 | €14,173 | €36,117 | +€21,944 | +154.8% |
| Amounts payable after more than one year | 17 | - | €15,923 | +€15,923 | |
| Financial debts | 170/4 | - | €15,923 | +€15,923 | |
| Amounts payable within one year | 42/48 | €12,913 | €19,283 | +€6,370 | +49.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,220 | +€4,220 | |
| Trade debts | 44 | €75 | €202 | +€127 | +169.7% |
| Suppliers | 440/4 | €75 | €202 | +€127 | +169.7% |
| Taxes, remuneration and social security | 45 | €61 | €210 | +€149 | +244.9% |
| Taxes | 450/3 | €61 | €210 | +€149 | +244.9% |
| Other amounts payable | 47/48 | €12,777 | €14,651 | +€1,874 | +14.7% |
| Accrued charges and deferred income | 492/3 | €1,260 | €911 | -€349 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,419 | €5,783 | +€1,364 | +30.9% |
| Other operating charges | 640/8 | - | €89 | +€89 | |
| Gross operating margin | 9900 | €39,492 | €25,909 | -€13,584 | -34.4% |
| Operating profit (loss) | 9901 | €35,073 | €20,037 | -€15,036 | -42.9% |
| Financial charges | 65/66B | €1,351 | €1,880 | +€529 | +39.1% |
| Recurring financial charges | 65 | €1,351 | €1,880 | +€529 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €33,722 | €18,156 | -€15,565 | -46.2% |
| Income taxes | 67/77 | €8,219 | €4,020 | -€4,199 | -51.1% |
| Profit (loss) for the period | 9904 | €25,502 | €14,136 | -€11,366 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,502 | €14,136 | -€11,366 | -44.6% |
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 10 October 2026 via checked.be.