MGE Consulting: 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 Consulting
Largest movements
- Receivables within one year +€68,085
up €68,085 (+467%), from €14,591 to €82,676
of which Other amounts receivable: +€64,446
- Receivables after one year -€62,700
no longer reported in 2025 (was €62,700)
- Cash +€17,169
up €17,169 (+36.0%), from €47,632 to €64,801
mainly Other debts (+€65,257) and Receivables after one year (+€62,700)
- Deferred charges and accrued income +€1,929
up €1,929 (+24.3%), from €7,948 to €9,877
- Reserves -€66,000
down €66,000 (-59.5%), from €111,000 to €45,000
- Other debts +€65,257
up €65,257 (+2,785%), from €2,343 to €67,600
- Profit (loss) carried forward +€22,407
up €22,407 (+1,119%), from €2,003 to €24,410
- Trade debts +€4,227
up €4,227 (+139%), from €3,052 to €7,280
- Tax, wage and social debts -€1,679
down €1,679 (-16.6%), from €10,112 to €8,433
- Taxes -€4,289
down €4,289 (-38.4%), from €11,154 to €6,866
- Gross operating margin -€3,348
down €3,348 (-8.9%), from €37,651 to €34,303
- Financial charges +€2,373
up €2,373 (+92.6%), from €2,564 to €4,937
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 | €133,510 | €157,723 | +€24,213 | +18.1% |
| Fixed assets | 21/28 | €639 | €370 | -€269 | -42.1% |
| Tangible fixed assets | 22/27 | €639 | €370 | -€269 | -42.1% |
| Furniture and vehicles | 24 | €639 | €370 | -€269 | -42.1% |
| Current assets | 29/58 | €132,871 | €157,353 | +€24,482 | +18.4% |
| Amounts receivable after more than one year | 29 | €62,700 | - | -€62,700 | |
| Other amounts receivable | 291 | €62,700 | - | -€62,700 | |
| Amounts receivable within one year | 40/41 | €14,591 | €82,676 | +€68,085 | +467% |
| Trade receivables | 40 | €14,591 | €18,229 | +€3,638 | +24.9% |
| Other amounts receivable | 41 | - | €64,446 | +€64,446 | |
| Cash at bank and in hand | 54/58 | €47,632 | €64,801 | +€17,169 | +36.0% |
| Deferred charges and accrued income | 490/1 | €7,948 | €9,877 | +€1,929 | +24.3% |
| Total equity and liabilities | 10/49 | €133,510 | €157,723 | +€24,213 | +18.1% |
| Equity | 10/15 | €118,003 | €74,410 | -€43,593 | -36.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €111,000 | €45,000 | -€66,000 | -59.5% |
| Distributable reserves | 133 | €111,000 | €45,000 | -€66,000 | -59.5% |
| Profit (loss) carried forward | 14 | €2,003 | €24,410 | +€22,407 | +1,119% |
| Amounts payable | 17/49 | €15,508 | €83,313 | +€67,806 | +437% |
| Amounts payable within one year | 42/48 | €15,508 | €83,313 | +€67,806 | +437% |
| Trade debts | 44 | €3,052 | €7,280 | +€4,227 | +139% |
| Suppliers | 440/4 | €3,052 | €7,280 | +€4,227 | +139% |
| Taxes, remuneration and social security | 45 | €10,112 | €8,433 | -€1,679 | -16.6% |
| Taxes | 450/3 | €10,112 | €8,433 | -€1,679 | -16.6% |
| Other amounts payable | 47/48 | €2,343 | €67,600 | +€65,257 | +2,785% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148 | €269 | +€121 | +81.3% |
| Other operating charges | 640/8 | €87 | €198 | +€111 | +128% |
| Gross operating margin | 9900 | €37,651 | €34,303 | -€3,348 | -8.9% |
| Operating profit (loss) | 9901 | €37,416 | €33,836 | -€3,580 | -9.6% |
| Financial income | 75/76B | €270 | €374 | +€105 | +38.8% |
| Recurring financial income | 75 | €270 | €374 | +€105 | +38.8% |
| Financial charges | 65/66B | €2,564 | €4,937 | +€2,373 | +92.6% |
| Recurring financial charges | 65 | €2,564 | €4,937 | +€2,373 | +92.6% |
| Profit (loss) for the period before taxes | 9903 | €35,122 | €29,273 | -€5,849 | -16.7% |
| Income taxes | 67/77 | €11,154 | €6,866 | -€4,289 | -38.4% |
| Profit (loss) for the period | 9904 | €23,968 | €22,407 | -€1,560 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,968 | €22,407 | -€1,560 | -6.5% |
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 19 October 2026 via checked.be.