MGEVE: 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.
MGEVE
Largest movements
- Cash +€20,861
up €20,861 (+35.9%), from €58,061 to €78,921
mainly Net result for the year (+€31,747) and Other debts (+€1,145)
- Receivables within one year +€10,400
up €10,400 (+69.7%), from €14,917 to €25,317
of which Other amounts receivable: +€9,197
- Profit (loss) carried forward +€31,747
up €31,747 (+113%), from €27,985 to €59,732
- Tax, wage and social debts -€2,443
down €2,443 (-21.6%), from €11,335 to €8,892
of which Remuneration and social security: -€1,519
- Other debts +€1,145
up €1,145 (+19.1%), from €6,004 to €7,150
- Gross operating margin -€6,928
down €6,928 (-13.6%), from €51,095 to €44,167
- Financial charges -€571
down €571 (-20.3%), from €2,815 to €2,245
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 | €74,211 | €104,805 | +€30,594 | +41.2% |
| Fixed assets | 21/28 | €893 | €417 | -€476 | -53.3% |
| Tangible fixed assets | 22/27 | €893 | €417 | -€476 | -53.3% |
| Furniture and vehicles | 24 | €893 | €417 | -€476 | -53.3% |
| Current assets | 29/58 | €73,318 | €104,388 | +€31,070 | +42.4% |
| Amounts receivable within one year | 40/41 | €14,917 | €25,317 | +€10,400 | +69.7% |
| Trade receivables | 40 | €9,917 | €11,121 | +€1,203 | +12.1% |
| Other amounts receivable | 41 | €5,000 | €14,197 | +€9,197 | +184% |
| Cash at bank and in hand | 54/58 | €58,061 | €78,921 | +€20,861 | +35.9% |
| Deferred charges and accrued income | 490/1 | €340 | €149 | -€191 | -56.1% |
| Total equity and liabilities | 10/49 | €74,211 | €104,805 | +€30,594 | +41.2% |
| Equity | 10/15 | €56,817 | €88,564 | +€31,747 | +55.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €26,832 | €26,832 | = | 0.0% |
| Distributable reserves | 133 | €26,832 | €26,832 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,985 | €59,732 | +€31,747 | +113% |
| Amounts payable | 17/49 | €17,394 | €16,241 | -€1,154 | -6.6% |
| Amounts payable within one year | 42/48 | €17,394 | €16,241 | -€1,154 | -6.6% |
| Trade debts | 44 | €55 | €199 | +€144 | +262% |
| Suppliers | 440/4 | €55 | €199 | +€144 | +262% |
| Taxes, remuneration and social security | 45 | €11,335 | €8,892 | -€2,443 | -21.6% |
| Taxes | 450/3 | €9,816 | €8,892 | -€923 | -9.4% |
| Remuneration and social security | 454/9 | €1,519 | - | -€1,519 | |
| Other amounts payable | 47/48 | €6,004 | €7,150 | +€1,145 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476 | €476 | = | 0.0% |
| Other operating charges | 640/8 | €539 | €807 | +€268 | +49.7% |
| Gross operating margin | 9900 | €51,095 | €44,167 | -€6,928 | -13.6% |
| Operating profit (loss) | 9901 | €50,080 | €42,884 | -€7,196 | -14.4% |
| Financial charges | 65/66B | €2,815 | €2,245 | -€571 | -20.3% |
| Recurring financial charges | 65 | €2,815 | €2,245 | -€571 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €47,265 | €40,640 | -€6,625 | -14.0% |
| Income taxes | 67/77 | €9,193 | €8,892 | -€300 | -3.3% |
| Profit (loss) for the period | 9904 | €38,072 | €31,747 | -€6,324 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,072 | €31,747 | -€6,324 | -16.6% |
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 13 October 2026 via checked.be.