MGC CONSTRUCT: 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.
MGC CONSTRUCT
Largest movements
- Cash -€19,792
down €19,792 (-85.8%), from €23,062 to €3,270
mainly Investment in fixed assets (net) (-€9,675) and Accrued charges and deferred income (-€6,764)
- Tangible fixed assets -€2,977
down €2,977 (-5.6%), from €53,234 to €50,257
of which Furniture and vehicles: -€8,153
- Receivables within one year +€1,173
up €1,173 (+15.3%), from €7,670 to €8,842
of which Trade receivables: +€875
- Accrued charges and deferred income -€6,764
no longer reported in 2025 (was €6,764)
- Other debts -€4,506
down €4,506 (-37.9%), from €11,880 to €7,374
- Debts after one year -€3,675
down €3,675 (-20.5%), from €17,894 to €14,219
- Trade debts -€3,550
down €3,550 (-48.7%), from €7,295 to €3,745
- Current portion of long-term debt -€1,829
down €1,829 (-22.3%), from €8,204 to €6,375
- Gross operating margin -€3,492
down €3,492 (-15.7%), from €22,220 to €18,729
- Depreciation +€2,632
up €2,632 (+26.3%), from €10,020 to €12,652
- Taxes -€1,003
down €1,003 (-73.5%), from €1,364 to €361
- Staff costs +€298
up €298 (+8.7%), from €3,440 to €3,738
- Other operating charges +€260
up €260 (+35.7%), from €727 to €987
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 | €84,516 | €62,370 | -€22,146 | -26.2% |
| Fixed assets | 21/28 | €53,234 | €50,257 | -€2,977 | -5.6% |
| Tangible fixed assets | 22/27 | €53,234 | €50,257 | -€2,977 | -5.6% |
| Plant, machinery and equipment | 23 | €946 | €6,122 | +€5,176 | +547% |
| Furniture and vehicles | 24 | €52,287 | €44,135 | -€8,153 | -15.6% |
| Current assets | 29/58 | €31,282 | €12,113 | -€19,169 | -61.3% |
| Amounts receivable within one year | 40/41 | €7,670 | €8,842 | +€1,173 | +15.3% |
| Trade receivables | 40 | €7,670 | €8,544 | +€875 | +11.4% |
| Other amounts receivable | 41 | - | €298 | +€298 | |
| Cash at bank and in hand | 54/58 | €23,062 | €3,270 | -€19,792 | -85.8% |
| Deferred charges and accrued income | 490/1 | €550 | - | -€550 | |
| Total equity and liabilities | 10/49 | €84,516 | €62,370 | -€22,146 | -26.2% |
| Equity | 10/15 | €29,847 | €28,932 | -€915 | -3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,256 | €6,256 | = | 0.0% |
| Distributable reserves | 133 | €6,256 | €6,256 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,991 | €4,077 | -€915 | -18.3% |
| Amounts payable | 17/49 | €54,669 | €33,437 | -€21,231 | -38.8% |
| Amounts payable after more than one year | 17 | €17,894 | €14,219 | -€3,675 | -20.5% |
| Financial debts | 170/4 | €17,894 | €14,219 | -€3,675 | -20.5% |
| Amounts payable within one year | 42/48 | €30,011 | €19,219 | -€10,792 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €8,204 | €6,375 | -€1,829 | -22.3% |
| Trade debts | 44 | €7,295 | €3,745 | -€3,550 | -48.7% |
| Suppliers | 440/4 | €7,295 | €3,745 | -€3,550 | -48.7% |
| Taxes, remuneration and social security | 45 | €2,633 | €1,725 | -€908 | -34.5% |
| Taxes | 450/3 | €2,633 | €1,725 | -€908 | -34.5% |
| Other amounts payable | 47/48 | €11,880 | €7,374 | -€4,506 | -37.9% |
| Accrued charges and deferred income | 492/3 | €6,764 | - | -€6,764 | |
| Remuneration, social security and pensions | 62 | €3,440 | €3,738 | +€298 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,020 | €12,652 | +€2,632 | +26.3% |
| Other operating charges | 640/8 | €727 | €987 | +€260 | +35.7% |
| Gross operating margin | 9900 | €22,220 | €18,729 | -€3,492 | -15.7% |
| Operating profit (loss) | 9901 | €8,033 | €1,351 | -€6,682 | -83.2% |
| Financial charges | 65/66B | €1,678 | €1,905 | +€227 | +13.6% |
| Recurring financial charges | 65 | €1,678 | €1,905 | +€227 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €6,355 | -€554 | -€6,909 | |
| Income taxes | 67/77 | €1,364 | €361 | -€1,003 | -73.5% |
| Profit (loss) for the period | 9904 | €4,991 | -€915 | -€5,906 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,991 | -€915 | -€5,906 |
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 18 October 2026 via checked.be.