MGC IMMO: 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 IMMO
Largest movements
- Cash -€7,169
down €7,169 (-34.5%), from €20,793 to €13,624
mainly Investment in fixed assets (net) (-€20,312) and Net result for the year (-€900)
- Tangible fixed assets +€6,180
up €6,180 (+3.8%), from €160,793 to €166,973
of which Land and buildings: +€6,535
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€2,515
up €2,515 (+21.6%), from €11,618 to €14,133
- Gross operating margin -€1,240
down €1,240 (-7.9%), from €15,739 to €14,499
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 | €181,586 | €180,597 | -€989 | -0.5% |
| Fixed assets | 21/28 | €160,793 | €166,973 | +€6,180 | +3.8% |
| Tangible fixed assets | 22/27 | €160,793 | €166,973 | +€6,180 | +3.8% |
| Land and buildings | 22 | €160,438 | €166,973 | +€6,535 | +4.1% |
| Furniture and vehicles | 24 | €355 | - | -€355 | |
| Current assets | 29/58 | €20,793 | €13,624 | -€7,169 | -34.5% |
| Cash at bank and in hand | 54/58 | €20,793 | €13,624 | -€7,169 | -34.5% |
| Total equity and liabilities | 10/49 | €181,586 | €180,597 | -€989 | -0.5% |
| Equity | 10/15 | €180,044 | €179,144 | -€900 | -0.5% |
| Contributions | 10/11 | €89,268 | €89,268 | = | 0.0% |
| Reserves | 13 | €52,745 | €52,745 | = | 0.0% |
| Distributable reserves | 133 | €52,745 | €52,745 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,030 | €37,130 | -€900 | -2.4% |
| Amounts payable | 17/49 | €1,542 | €1,454 | -€89 | -5.8% |
| Amounts payable within one year | 42/48 | €1,542 | €1,454 | -€89 | -5.8% |
| Trade debts | 44 | €1,542 | €1,454 | -€89 | -5.8% |
| Suppliers | 440/4 | €1,542 | €1,454 | -€89 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,618 | €14,133 | +€2,515 | +21.6% |
| Other operating charges | 640/8 | €1,306 | €1,218 | -€87 | -6.7% |
| Gross operating margin | 9900 | €15,739 | €14,499 | -€1,240 | -7.9% |
| Operating profit (loss) | 9901 | €2,816 | -€852 | -€3,668 | |
| Financial charges | 65/66B | €47 | €48 | +€2 | +3.2% |
| Recurring financial charges | 65 | €47 | €48 | +€2 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €2,769 | -€900 | -€3,669 | |
| Profit (loss) for the period | 9904 | €2,769 | -€900 | -€3,669 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,769 | -€900 | -€3,669 |
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 1 November 2026 via checked.be.