MGF (EU) limited: 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.
MGF (EU) limited
Largest movements
- Cash +€2
up €2 (+1.2%), from €147 to €149
mainly Other debts (+€3,146) and Trade debts (+€823)
- Profit (loss) carried forward -€3,967
down €3,967 (-3.1%), from -€127,528 to -€131,495
- Other debts +€3,146
up €3,146 (+6.9%), from €45,779 to €48,925
- Trade debts +€823
up €823 (+208%), from €396 to €1,219
- Gross operating margin +€13,188
up €13,188 (+81.8%), from -€16,120 to -€2,932
- Other operating charges +€413
up €413 (+80.3%), from €514 to €927
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 | €147 | €149 | +€2 | +1.2% |
| Current assets | 29/58 | €147 | €149 | +€2 | +1.2% |
| Cash at bank and in hand | 54/58 | €147 | €149 | +€2 | +1.2% |
| Total equity and liabilities | 10/49 | €147 | €149 | +€2 | +1.2% |
| Equity | 10/15 | -€66,028 | -€69,995 | -€3,967 | -6.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,528 | -€131,495 | -€3,967 | -3.1% |
| Amounts payable | 17/49 | €66,175 | €70,144 | +€3,969 | +6.0% |
| Amounts payable within one year | 42/48 | €66,175 | €70,144 | +€3,969 | +6.0% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Other loans | 439 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €396 | €1,219 | +€823 | +208% |
| Suppliers | 440/4 | €396 | €1,219 | +€823 | +208% |
| Other amounts payable | 47/48 | €45,779 | €48,925 | +€3,146 | +6.9% |
| Other operating charges | 640/8 | €514 | €927 | +€413 | +80.3% |
| Gross operating margin | 9900 | -€16,120 | -€2,932 | +€13,188 | +81.8% |
| Operating profit (loss) | 9901 | -€16,634 | -€3,859 | +€12,775 | +76.8% |
| Financial charges | 65/66B | €168 | €108 | -€60 | -35.8% |
| Recurring financial charges | 65 | €168 | €108 | -€60 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,802 | -€3,967 | +€12,835 | +76.4% |
| Profit (loss) for the period | 9904 | -€16,802 | -€3,967 | +€12,835 | +76.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,802 | -€3,967 | +€12,835 | +76.4% |
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 29 October 2026 via checked.be.