MGD&Co: 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.
MGD&Co
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€102,665
up €102,665 (+5.4%), from €1.9m to €2.0m
- Debts after one year -€101,514
down €101,514 (-31.9%), from €318,272 to €216,758
- Financial income +€4,918
up €4,918 (+4.3%), from €115,082 to €120,000
- Financial charges -€1,761
down €1,761 (-14.3%), from €12,330 to €10,569
- Gross operating margin +€151
up €151 (+2.5%), from -€5,918 to -€5,767
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 | €2,635,880 | €2,642,381 | +€6,501 | +0.2% |
| Fixed assets | 21/28 | €2,634,571 | €2,633,691 | -€880 | 0.0% |
| Financial fixed assets | 28 | €2,634,571 | €2,633,691 | -€880 | 0.0% |
| Current assets | 29/58 | €1,309 | €8,690 | +€7,381 | +564% |
| Amounts receivable within one year | 40/41 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 41 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €1,309 | €2,690 | +€1,381 | +105% |
| Total equity and liabilities | 10/49 | €2,635,880 | €2,642,381 | +€6,501 | +0.2% |
| Equity | 10/15 | €2,041,806 | €2,144,471 | +€102,665 | +5.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,891,806 | €1,994,471 | +€102,665 | +5.4% |
| Amounts payable | 17/49 | €594,074 | €497,909 | -€96,165 | -16.2% |
| Amounts payable after more than one year | 17 | €318,272 | €216,758 | -€101,514 | -31.9% |
| Financial debts | 170/4 | €318,272 | €216,758 | -€101,514 | -31.9% |
| Amounts payable within one year | 42/48 | €275,802 | €281,151 | +€5,349 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €99,855 | €101,515 | +€1,660 | +1.7% |
| Trade debts | 44 | - | €170 | +€170 | |
| Suppliers | 440/4 | - | €170 | +€170 | |
| Other amounts payable | 47/48 | €175,947 | €179,466 | +€3,519 | +2.0% |
| Other operating charges | 640/8 | €968 | €998 | +€30 | +3.1% |
| Gross operating margin | 9900 | -€5,918 | -€5,767 | +€151 | +2.5% |
| Operating profit (loss) | 9901 | -€6,886 | -€6,766 | +€120 | +1.7% |
| Financial income | 75/76B | €115,082 | €120,000 | +€4,918 | +4.3% |
| Recurring financial income | 75 | €115,082 | €120,000 | +€4,918 | +4.3% |
| Financial charges | 65/66B | €12,330 | €10,569 | -€1,761 | -14.3% |
| Recurring financial charges | 65 | €12,330 | €10,569 | -€1,761 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €95,866 | €102,666 | +€6,800 | +7.1% |
| Profit (loss) for the period | 9904 | €95,866 | €102,666 | +€6,800 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,866 | €102,666 | +€6,800 | +7.1% |
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 16 October 2026 via checked.be.