MGC HOLDING: what changed
Two fiscal 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 HOLDING
Largest movements
- Receivables within one year -€175,219
down €175,219 (-57.6%), from €304,123 to €128,903
of which Trade receivables: -€148,682
- Tangible fixed assets -€16,848
down €16,848 (-33.7%), from €50,001 to €33,153
- Cash -€16,551
down €16,551 (-7.9%), from €209,696 to €193,145
mainly Contributions, distributions and other (-€600,000) and Investment in fixed assets (net) (-€6,300)
- Profit (loss) carried forward -€215,384
down €215,384 (-51.4%), from €418,632 to €203,248
- Tax, wage and social debts +€6,926
up €6,926 (+7.7%), from €89,807 to €96,733
- Financial income +€372,838
up €372,838 (+4427.3%), from €8,421 to €381,259
- Services and other goods +€258,332
up €258,332 (+243.6%), from €106,062 to €364,393
- Turnover -€93,312
down €93,312 (-18.9%), from €494,394 to €401,082
- Taxes -€92,606
down €92,606 (-92.1%), from €100,532 to €7,926
of which Taxes: -€96,881
- Depreciation +€13,149
up €13,149 (+131.5%), from €9,999 to €23,148
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 | €621,520 | €412,901 | -€208,619 | -33.6% |
| Fixed assets | 21/28 | €107,701 | €90,853 | -€16,848 | -15.6% |
| Tangible fixed assets | 22/27 | €50,001 | €33,153 | -€16,848 | -33.7% |
| Furniture and vehicles | 24 | €50,001 | €33,153 | -€16,848 | -33.7% |
| Financial fixed assets | 28 | €57,700 | €57,700 | = | 0.0% |
| Affiliated companies | 280/1 | €57,700 | €57,700 | = | 0.0% |
| Participating interests | 280 | €57,700 | €57,700 | = | 0.0% |
| Current assets | 29/58 | €513,819 | €322,048 | -€191,771 | -37.3% |
| Amounts receivable within one year | 40/41 | €304,123 | €128,903 | -€175,219 | -57.6% |
| Trade receivables | 40 | €200,587 | €51,906 | -€148,682 | -74.1% |
| Other amounts receivable | 41 | €103,536 | €76,998 | -€26,538 | -25.6% |
| Cash at bank and in hand | 54/58 | €209,696 | €193,145 | -€16,551 | -7.9% |
| Total equity and liabilities | 10/49 | €621,520 | €412,901 | -€208,619 | -33.6% |
| Equity | 10/15 | €423,632 | €208,248 | -€215,384 | -50.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €418,632 | €203,248 | -€215,384 | -51.4% |
| Amounts payable | 17/49 | €197,888 | €204,653 | +€6,765 | +3.4% |
| Amounts payable within one year | 42/48 | €197,888 | €204,653 | +€6,765 | +3.4% |
| Trade debts | 44 | €106,129 | €105,968 | -€161 | -0.2% |
| Suppliers | 440/4 | €106,129 | €105,968 | -€161 | -0.2% |
| Taxes, remuneration and social security | 45 | €89,807 | €96,733 | +€6,926 | +7.7% |
| Taxes | 450/3 | €89,807 | €96,733 | +€6,926 | +7.7% |
| Other amounts payable | 47/48 | €1,952 | €1,952 | = | 0.0% |
| Operating income | 70/76A | €494,394 | €402,802 | -€91,592 | -18.5% |
| Turnover | 70 | €494,394 | €401,082 | -€93,312 | -18.9% |
| Other operating income | 74 | - | €1,720 | +€1,720 | |
| Operating charges | 60/66A | €124,772 | €391,252 | +€266,481 | +213.6% |
| Services and other goods | 61 | €106,062 | €364,393 | +€258,332 | +243.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,999 | €23,148 | +€13,149 | +131.5% |
| Other operating charges | 640/8 | €8,711 | €3,711 | -€5,000 | -57.4% |
| Operating profit (loss) | 9901 | €369,623 | €11,550 | -€358,073 | -96.9% |
| Financial income | 75/76B | €8,421 | €381,259 | +€372,838 | +4427.3% |
| Recurring financial income | 75 | €8,421 | €381,259 | +€372,838 | +4427.3% |
| Income from financial fixed assets | 750 | - | €377,778 | +€377,778 | |
| Income from current assets | 751 | €8,421 | €3,481 | -€4,940 | -58.7% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €184 | €267 | +€83 | +45.3% |
| Recurring financial charges | 65 | €184 | €267 | +€83 | +45.3% |
| Other financial charges | 652/9 | €184 | €267 | +€83 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €377,860 | €392,542 | +€14,682 | +3.9% |
| Income taxes | 67/77 | €100,532 | €7,926 | -€92,606 | -92.1% |
| Taxes | 670/3 | €104,807 | €7,926 | -€96,881 | -92.4% |
| Tax adjustments and reversals of tax provisions | 77 | €4,275 | - | -€4,275 | |
| Profit (loss) for the period | 9904 | €277,328 | €384,616 | +€107,288 | +38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €277,328 | €384,616 | +€107,288 | +38.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.