MGCJ: 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.
MGCJ
Largest movements
- Cash +€43,335
up €43,335 (+112.8%), from €38,412 to €81,748
mainly Net result for the year (+€46,678) and Other debts (+€8,906)
- Reserves +€37,772
up €37,772 (+36.3%), from €104,133 to €141,905
of which Distributable reserves: +€39,627
- Other debts +€8,906
up €8,906, from €0 to €8,906
- Taxes -€19,271
down €19,271 (-50.4%), from €38,262 to €18,991
- Gross operating margin -€11,136
down €11,136 (-14.3%), from €77,819 to €66,683
- Other operating charges -€1,673
down €1,673 (-66.8%), from €2,505 to €832
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,139 | €350,898 | +€45,760 | +15.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,177 | €886 | -€291 | -24.8% |
| Tangible fixed assets | 22/27 | €757 | €466 | -€291 | -38.5% |
| Furniture and vehicles | 24 | €757 | €466 | -€291 | -38.5% |
| Financial fixed assets | 28 | €420 | €420 | = | 0.0% |
| Current assets | 29/58 | €303,962 | €350,013 | +€46,051 | +15.2% |
| Amounts receivable within one year | 40/41 | €265,549 | €268,265 | +€2,716 | +1.0% |
| Trade receivables | 40 | €0 | €2,716 | +€2,716 | |
| Other amounts receivable | 41 | €265,549 | €265,549 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €38,412 | €81,748 | +€43,335 | +112.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €305,139 | €350,898 | +€45,760 | +15.0% |
| Equity | 10/15 | €264,584 | €302,356 | +€37,772 | +14.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €104,133 | €141,905 | +€37,772 | +36.3% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €102,278 | €141,905 | +€39,627 | +38.7% |
| Profit (loss) carried forward | 14 | €147,951 | €147,951 | = | 0.0% |
| Amounts payable | 17/49 | €40,554 | €48,542 | +€7,988 | +19.7% |
| Amounts payable within one year | 42/48 | €40,554 | €48,542 | +€7,988 | +19.7% |
| Trade debts | 44 | €3,382 | €4,006 | +€625 | +18.5% |
| Suppliers | 440/4 | €3,382 | €4,006 | +€625 | +18.5% |
| Taxes, remuneration and social security | 45 | €37,173 | €35,630 | -€1,543 | -4.2% |
| Taxes | 450/3 | €37,173 | €35,630 | -€1,543 | -4.2% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €8,906 | +€8,906 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117 | €291 | +€174 | +148.3% |
| Other operating charges | 640/8 | €2,505 | €832 | -€1,673 | -66.8% |
| Gross operating margin | 9900 | €77,819 | €66,683 | -€11,136 | -14.3% |
| Operating profit (loss) | 9901 | €75,196 | €65,559 | -€9,637 | -12.8% |
| Financial income | 75/76B | €0 | €162 | +€162 | +1621300.0% |
| Recurring financial income | 75 | €0 | €162 | +€162 | +1621300.0% |
| Financial charges | 65/66B | €514 | €52 | -€462 | -89.8% |
| Recurring financial charges | 65 | €514 | €52 | -€462 | -89.8% |
| Profit (loss) for the period before taxes | 9903 | €74,682 | €65,669 | -€9,013 | -12.1% |
| Income taxes | 67/77 | €38,262 | €18,991 | -€19,271 | -50.4% |
| Profit (loss) for the period | 9904 | €36,420 | €46,678 | +€10,258 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,420 | €46,678 | +€10,258 | +28.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.