MGC Construction: 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 Construction
Largest movements
- Receivables within one year +€6,409
up €6,409 (+1375.3%), from €466 to €6,875
of which Trade receivables: +€4,788
- Cash +€2,782
up €2,782 (+13.7%), from €20,315 to €23,097
mainly Net result for the year (+€6,788) and Trade debts (+€2,580)
- Tangible fixed assets -€635
down €635 (-18.6%), from €3,407 to €2,771
of which Plant, machinery and equipment: -€360
- Reserves +€6,788
up €6,788 (+161.1%), from €4,213 to €11,001
- Tax, wage and social debts -€2,784
down €2,784 (-27.9%), from €9,962 to €7,178
of which Taxes: -€2,754
- Trade debts +€2,580
up €2,580 (+121.7%), from €2,120 to €4,701
- Other debts +€2,003
up €2,003 (+40.5%), from €4,942 to €6,945
- Gross operating margin +€4,389
up €4,389 (+59.9%), from €7,332 to €11,721
- Depreciation +€1,213
up €1,213 (+703.4%), from €172 to €1,385
- Taxes +€626
up €626 (+55.6%), from €1,126 to €1,752
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 | €24,237 | €32,825 | +€8,588 | +35.4% |
| Fixed assets | 21/28 | €3,407 | €2,771 | -€635 | -18.6% |
| Tangible fixed assets | 22/27 | €3,407 | €2,771 | -€635 | -18.6% |
| Plant, machinery and equipment | 23 | €1,050 | €691 | -€360 | -34.2% |
| Furniture and vehicles | 24 | €2,356 | €2,081 | -€276 | -11.7% |
| Current assets | 29/58 | €20,830 | €30,054 | +€9,223 | +44.3% |
| Amounts receivable within one year | 40/41 | €466 | €6,875 | +€6,409 | +1375.3% |
| Trade receivables | 40 | €249 | €5,037 | +€4,788 | +1923.0% |
| Other amounts receivable | 41 | €217 | €1,838 | +€1,621 | +746.9% |
| Cash at bank and in hand | 54/58 | €20,315 | €23,097 | +€2,782 | +13.7% |
| Deferred charges and accrued income | 490/1 | €49 | €82 | +€33 | +66.8% |
| Total equity and liabilities | 10/49 | €24,237 | €32,825 | +€8,588 | +35.4% |
| Equity | 10/15 | €7,213 | €14,001 | +€6,788 | +94.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,213 | €11,001 | +€6,788 | +161.1% |
| Distributable reserves | 133 | €4,213 | €11,001 | +€6,788 | +161.1% |
| Amounts payable | 17/49 | €17,024 | €18,824 | +€1,800 | +10.6% |
| Amounts payable within one year | 42/48 | €17,024 | €18,824 | +€1,800 | +10.6% |
| Trade debts | 44 | €2,120 | €4,701 | +€2,580 | +121.7% |
| Suppliers | 440/4 | €2,120 | €4,701 | +€2,580 | +121.7% |
| Taxes, remuneration and social security | 45 | €9,962 | €7,178 | -€2,784 | -27.9% |
| Taxes | 450/3 | €7,432 | €4,678 | -€2,754 | -37.1% |
| Remuneration and social security | 454/9 | €2,529 | €2,500 | -€29 | -1.2% |
| Other amounts payable | 47/48 | €4,942 | €6,945 | +€2,003 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172 | €1,385 | +€1,213 | +703.4% |
| Other operating charges | 640/8 | €808 | €784 | -€24 | -2.9% |
| Gross operating margin | 9900 | €7,332 | €11,721 | +€4,389 | +59.9% |
| Operating profit (loss) | 9901 | €6,352 | €9,551 | +€3,200 | +50.4% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.4% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.4% |
| Financial charges | 65/66B | €1,016 | €1,011 | -€5 | -0.5% |
| Recurring financial charges | 65 | €1,016 | €1,011 | -€5 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €5,339 | €8,540 | +€3,202 | +60.0% |
| Income taxes | 67/77 | €1,126 | €1,752 | +€626 | +55.6% |
| Profit (loss) for the period | 9904 | €4,213 | €6,788 | +€2,576 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,213 | €6,788 | +€2,576 | +61.1% |
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 11 October 2026 via checked.be.