MGC Solutions: 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 Solutions
Largest movements
- Cash -€18,993
down €18,993 (-80.6%), from €23,554 to €4,561
mainly Contributions, distributions and other (-€70,000) and Investment in fixed assets (net) (-€14,713)
- Tangible fixed assets +€9,282
up €9,282 (+187.9%), from €4,941 to €14,222
- Receivables within one year -€2,002
down €2,002 (-2.6%), from €77,440 to €75,438
of which Trade receivables: -€44,967
- Profit (loss) carried forward -€74,690
down €74,690 (-100.0%), from €74,690 to €0
- Other debts +€56,805
new in 2025: €56,805
- Reserves +€13,781
new in 2025: €13,781
- Trade debts -€9,969
down €9,969 (-85.1%), from €11,714 to €1,745
- Tax, wage and social debts +€2,772
up €2,772 (+19.3%), from €14,325 to €17,096
- Gross operating margin -€19,195
down €19,195 (-44.4%), from €43,260 to €24,065
- Taxes -€5,726
down €5,726 (-62.1%), from €9,226 to €3,500
- Financial charges +€4,787
up €4,787 (+1109.0%), from €432 to €5,218
- Depreciation +€3,514
up €3,514 (+183.3%), from €1,918 to €5,432
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 | €105,934 | €94,428 | -€11,506 | -10.9% |
| Fixed assets | 21/28 | €4,941 | €14,222 | +€9,282 | +187.9% |
| Tangible fixed assets | 22/27 | €4,941 | €14,222 | +€9,282 | +187.9% |
| Plant, machinery and equipment | 23 | €1,667 | €3,529 | +€1,862 | +111.7% |
| Furniture and vehicles | 24 | - | €3,503 | +€3,503 | |
| Other tangible fixed assets | 26 | €3,274 | €7,190 | +€3,916 | +119.6% |
| Current assets | 29/58 | €100,994 | €80,206 | -€20,788 | -20.6% |
| Amounts receivable within one year | 40/41 | €77,440 | €75,438 | -€2,002 | -2.6% |
| Trade receivables | 40 | €73,905 | €28,938 | -€44,967 | -60.8% |
| Other amounts receivable | 41 | €3,534 | €46,500 | +€42,966 | +1215.6% |
| Cash at bank and in hand | 54/58 | €23,554 | €4,561 | -€18,993 | -80.6% |
| Deferred charges and accrued income | 490/1 | €0 | €207 | +€207 | |
| Total equity and liabilities | 10/49 | €105,934 | €94,428 | -€11,506 | -10.9% |
| Equity | 10/15 | €79,690 | €18,781 | -€60,909 | -76.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €13,781 | +€13,781 | |
| Distributable reserves | 133 | - | €13,781 | +€13,781 | |
| Profit (loss) carried forward | 14 | €74,690 | €0 | -€74,690 | -100.0% |
| Amounts payable | 17/49 | €26,244 | €75,647 | +€49,402 | +188.2% |
| Amounts payable within one year | 42/48 | €26,039 | €75,647 | +€49,607 | +190.5% |
| Trade debts | 44 | €11,714 | €1,745 | -€9,969 | -85.1% |
| Suppliers | 440/4 | €11,714 | €1,745 | -€9,969 | -85.1% |
| Taxes, remuneration and social security | 45 | €14,325 | €17,096 | +€2,772 | +19.3% |
| Taxes | 450/3 | €14,325 | €17,096 | +€2,772 | +19.3% |
| Other amounts payable | 47/48 | - | €56,805 | +€56,805 | |
| Accrued charges and deferred income | 492/3 | €205 | €0 | -€205 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,918 | €5,432 | +€3,514 | +183.3% |
| Other operating charges | 640/8 | €1,046 | €824 | -€223 | -21.3% |
| Gross operating margin | 9900 | €43,260 | €24,065 | -€19,195 | -44.4% |
| Operating profit (loss) | 9901 | €40,296 | €17,809 | -€22,487 | -55.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €432 | €5,218 | +€4,787 | +1109.0% |
| Recurring financial charges | 65 | €432 | €5,218 | +€4,787 | +1109.0% |
| Profit (loss) for the period before taxes | 9903 | €39,864 | €12,591 | -€27,273 | -68.4% |
| Income taxes | 67/77 | €9,226 | €3,500 | -€5,726 | -62.1% |
| Profit (loss) for the period | 9904 | €30,639 | €9,091 | -€21,547 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,639 | €9,091 | -€21,547 | -70.3% |
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 6 October 2026 via checked.be.