MGE Concept: 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.
MGE Concept
Largest movements
- Receivables within one year +€127,585
up €127,585 (+255%), from €49,989 to €177,573
of which Trade receivables: +€121,696
- Tangible fixed assets -€12,489
down €12,489 (-39.0%), from €32,029 to €19,540
of which Furniture and vehicles: -€15,413
- Cash +€10,083
up €10,083 (+116%), from €8,716 to €18,799
mainly Trade debts (+€101,245) and Net result for the year (+€18,525)
- Trade debts +€101,245
up €101,245 (+1,796%), from €5,636 to €106,882
- Profit (loss) carried forward +€18,525
up €18,525 (+34.3%), from €53,952 to €72,477
- Other debts +€4,950
new in 2024: €4,950
- Tax, wage and social debts +€2,372
up €2,372 (+24.0%), from €9,871 to €12,244
- Turnover +€157,716
up €157,716 (+27.8%), from €567,785 to €725,501
- Purchases and services +€140,239
up €140,239 (+25.9%), from €540,826 to €681,065
- Gross operating margin +€17,394
up €17,394 (+56.8%), from €30,644 to €48,038
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.
Derived cash bridge
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 | €91,834 | €217,012 | +€125,179 | +136% |
| Fixed assets | 21/28 | €33,129 | €20,640 | -€12,489 | -37.7% |
| Tangible fixed assets | 22/27 | €32,029 | €19,540 | -€12,489 | -39.0% |
| Plant, machinery and equipment | 23 | €1,269 | €4,193 | +€2,924 | +231% |
| Furniture and vehicles | 24 | €30,760 | €15,347 | -€15,413 | -50.1% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €58,705 | €196,373 | +€137,668 | +235% |
| Amounts receivable within one year | 40/41 | €49,989 | €177,573 | +€127,585 | +255% |
| Trade receivables | 40 | €43,011 | €164,707 | +€121,696 | +283% |
| Other amounts receivable | 41 | €6,978 | €12,867 | +€5,889 | +84.4% |
| Cash at bank and in hand | 54/58 | €8,716 | €18,799 | +€10,083 | +116% |
| Total equity and liabilities | 10/49 | €91,834 | €217,012 | +€125,179 | +136% |
| Equity | 10/15 | €74,412 | €92,937 | +€18,525 | +24.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,952 | €72,477 | +€18,525 | +34.3% |
| Amounts payable | 17/49 | €17,422 | €124,075 | +€106,653 | +612% |
| Amounts payable after more than one year | 17 | €1,914 | - | -€1,914 | |
| Financial debts | 170/4 | €1,914 | - | -€1,914 | |
| Amounts payable within one year | 42/48 | €15,508 | €124,075 | +€108,567 | +700% |
| Trade debts | 44 | €5,636 | €106,882 | +€101,245 | +1,796% |
| Suppliers | 440/4 | €5,636 | €106,882 | +€101,245 | +1,796% |
| Taxes, remuneration and social security | 45 | €9,871 | €12,244 | +€2,372 | +24.0% |
| Taxes | 450/3 | €9,871 | €12,244 | +€2,372 | +24.0% |
| Other amounts payable | 47/48 | - | €4,950 | +€4,950 | |
| Turnover | 70 | €567,785 | €725,501 | +€157,716 | +27.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €540,826 | €681,065 | +€140,239 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,680 | €18,363 | -€2,317 | -11.2% |
| Other operating charges | 640/8 | €1,071 | €1,875 | +€804 | +75.1% |
| Gross operating margin | 9900 | €30,644 | €48,038 | +€17,394 | +56.8% |
| Operating profit (loss) | 9901 | €8,893 | €27,800 | +€18,907 | +213% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,251 | €1,876 | +€625 | +49.9% |
| Recurring financial charges | 65 | €1,251 | €1,876 | +€625 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €7,642 | €25,925 | +€18,284 | +239% |
| Income taxes | 67/77 | €3,495 | €7,400 | +€3,905 | +112% |
| Profit (loss) for the period | 9904 | €4,146 | €18,525 | +€14,379 | +347% |
| Profit (loss) for the period to be appropriated | 9905 | €4,146 | €18,525 | +€14,379 | +347% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.