MGCP: 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.
MGCP
Largest movements
- Tangible fixed assets -€7,878
down €7,878 (-59.1%), from €13,319 to €5,441
- Profit (loss) carried forward +€40,091
up €40,091 (+66.5%), from -€60,331 to -€20,240
- Tax, wage and social debts -€25,091
down €25,091 (-54.2%), from €46,329 to €21,238
of which Remuneration and social security: -€23,500
- Other debts -€12,047
down €12,047 (-58.4%), from €20,632 to €8,585
- Trade debts -€10,577
down €10,577 (-47.9%), from €22,067 to €11,490
- Contributions +€1,860
up €1,860 (+30.0%), from €6,200 to €8,060
- Gross operating margin +€69,362
up €69,362, from -€19,271 to €50,091
- Depreciation +€856
up €856 (+17.0%), from €5,039 to €5,895
- Other operating charges +€576
up €576 (+65.9%), from €875 to €1,451
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,565 | €30,687 | -€7,878 | -20.4% |
| Fixed assets | 21/28 | €15,511 | €7,633 | -€7,878 | -50.8% |
| Tangible fixed assets | 22/27 | €13,319 | €5,441 | -€7,878 | -59.1% |
| Land and buildings | 22 | €1,544 | €772 | -€772 | -50.0% |
| Plant, machinery and equipment | 23 | €3,655 | €2,434 | -€1,221 | -33.4% |
| Furniture and vehicles | 24 | €1,983 | - | -€1,983 | |
| Other tangible fixed assets | 26 | €6,137 | €2,235 | -€3,902 | -63.6% |
| Financial fixed assets | 28 | €2,192 | €2,192 | = | 0.0% |
| Current assets | 29/58 | €23,054 | €23,054 | = | 0.0% |
| Stocks and contracts in progress | 3 | €23,054 | €23,054 | = | 0.0% |
| Stocks | 30/36 | €23,054 | €23,054 | = | 0.0% |
| Total equity and liabilities | 10/49 | €38,565 | €30,687 | -€7,878 | -20.4% |
| Equity | 10/15 | -€52,271 | -€12,180 | +€40,091 | +76.7% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€60,331 | -€20,240 | +€40,091 | +66.5% |
| Amounts payable | 17/49 | €90,836 | €42,867 | -€47,969 | -52.8% |
| Amounts payable within one year | 42/48 | €90,836 | €42,867 | -€47,969 | -52.8% |
| Financial debts | 43 | €1,808 | €1,554 | -€254 | -14.0% |
| Credit institutions | 430/8 | €1,808 | €1,554 | -€254 | -14.0% |
| Trade debts | 44 | €22,067 | €11,490 | -€10,577 | -47.9% |
| Suppliers | 440/4 | €22,067 | €11,490 | -€10,577 | -47.9% |
| Taxes, remuneration and social security | 45 | €46,329 | €21,238 | -€25,091 | -54.2% |
| Taxes | 450/3 | €9,034 | €7,443 | -€1,591 | -17.6% |
| Remuneration and social security | 454/9 | €37,295 | €13,795 | -€23,500 | -63.0% |
| Other amounts payable | 47/48 | €20,632 | €8,585 | -€12,047 | -58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,039 | €5,895 | +€856 | +17.0% |
| Other operating charges | 640/8 | €875 | €1,451 | +€576 | +65.9% |
| Gross operating margin | 9900 | -€19,271 | €50,091 | +€69,362 | |
| Operating profit (loss) | 9901 | -€25,184 | €42,745 | +€67,929 | |
| Financial charges | 65/66B | €1,848 | €2,104 | +€256 | +13.8% |
| Recurring financial charges | 65 | €1,848 | €2,104 | +€256 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,032 | €40,642 | +€67,674 | |
| Income taxes | 67/77 | €250 | €551 | +€300 | +120.0% |
| Profit (loss) for the period | 9904 | -€27,282 | €40,091 | +€67,373 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,282 | €40,091 | +€67,373 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.