MGENIUM: 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.
MGENIUM
Largest movements
- Cash -€19,579
down €19,579 (-16.1%), from €121,401 to €101,821
mainly Contributions, distributions and other (-€85,000) and Debts after one year (-€18,986)
- Receivables within one year +€11,737
up €11,737 (+28.1%), from €41,818 to €53,555
- Tangible fixed assets -€5,805
down €5,805 (-2.8%), from €206,060 to €200,255
of which Land and buildings: -€5,219
- Debts after one year -€18,986
down €18,986 (-12.8%), from €147,817 to €128,831
- Gross operating margin -€3,257
down €3,257 (-2.6%), from €125,802 to €122,545
- Other operating charges -€2,003
down €2,003 (-68.3%), from €2,931 to €928
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.
Cash bridge derived
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 | €370,034 | €356,726 | -€13,309 | -3.6% |
| Fixed assets | 21/28 | €206,060 | €200,255 | -€5,805 | -2.8% |
| Tangible fixed assets | 22/27 | €206,060 | €200,255 | -€5,805 | -2.8% |
| Land and buildings | 22 | €204,843 | €199,624 | -€5,219 | -2.5% |
| Furniture and vehicles | 24 | €1,218 | €631 | -€586 | -48.1% |
| Current assets | 29/58 | €163,974 | €156,470 | -€7,503 | -4.6% |
| Amounts receivable within one year | 40/41 | €41,818 | €53,555 | +€11,737 | +28.1% |
| Trade receivables | 40 | €41,818 | €53,555 | +€11,737 | +28.1% |
| Cash at bank and in hand | 54/58 | €121,401 | €101,821 | -€19,579 | -16.1% |
| Deferred charges and accrued income | 490/1 | €755 | €1,094 | +€339 | +44.8% |
| Total equity and liabilities | 10/49 | €370,034 | €356,726 | -€13,309 | -3.6% |
| Equity | 10/15 | €24,163 | €25,047 | +€884 | +3.7% |
| Contributions | 10/11 | €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% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,703 | €4,587 | +€884 | +23.9% |
| Amounts payable | 17/49 | €345,872 | €331,679 | -€14,193 | -4.1% |
| Amounts payable after more than one year | 17 | €147,817 | €128,831 | -€18,986 | -12.8% |
| Financial debts | 170/4 | €147,817 | €128,831 | -€18,986 | -12.8% |
| Amounts payable within one year | 42/48 | €198,055 | €202,847 | +€4,793 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €18,416 | €18,986 | +€570 | +3.1% |
| Trade debts | 44 | €1,411 | €3,185 | +€1,774 | +125.8% |
| Suppliers | 440/4 | €1,411 | €3,185 | +€1,774 | +125.8% |
| Taxes, remuneration and social security | 45 | €62,602 | €63,472 | +€870 | +1.4% |
| Taxes | 450/3 | €62,602 | €63,472 | +€870 | +1.4% |
| Other amounts payable | 47/48 | €115,626 | €117,205 | +€1,579 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,770 | €5,805 | +€35 | +0.6% |
| Other operating charges | 640/8 | €2,931 | €928 | -€2,003 | -68.3% |
| Gross operating margin | 9900 | €125,802 | €122,545 | -€3,257 | -2.6% |
| Operating profit (loss) | 9901 | €117,101 | €115,812 | -€1,289 | -1.1% |
| Financial charges | 65/66B | €5,814 | €5,314 | -€501 | -8.6% |
| Recurring financial charges | 65 | €5,814 | €5,314 | -€501 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €111,286 | €110,498 | -€789 | -0.7% |
| Income taxes | 67/77 | €25,588 | €24,613 | -€975 | -3.8% |
| Profit (loss) for the period | 9904 | €85,699 | €85,884 | +€186 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,699 | €85,884 | +€186 | +0.2% |
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 12 October 2026 via checked.be.