MGF PARTNERS: 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 PARTNERS
Largest movements
- Cash +€11,640
up €11,640 (+10.9%), from €107,170 to €118,811
mainly Other debts (+€154,408) and Receivables within one year (+€9,252)
- Receivables within one year -€9,252
down €9,252 (-21.2%), from €43,658 to €34,406
of which Trade receivables: -€7,678
- Other debts +€154,408
new in 2025: €154,408
- Profit (loss) carried forward -€152,704
down €152,704 (-99.2%), from €153,880 to €1,176
- Trade debts -€2,447
down €2,447 (-66.9%), from €3,660 to €1,212
- Tax, wage and social debts +€1,948
up €1,948 (+158.5%), from €1,230 to €3,178
- Gross operating margin +€28,145
up €28,145, from -€25,850 to €2,295
- Taxes -€2,224
no longer reported in 2025 (was €2,224)
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 | €177,369 | €178,575 | +€1,206 | +0.7% |
| Fixed assets | 21/28 | €6,541 | €5,358 | -€1,183 | -18.1% |
| Tangible fixed assets | 22/27 | €6,541 | €5,358 | -€1,183 | -18.1% |
| Furniture and vehicles | 24 | €2,141 | €958 | -€1,183 | -55.2% |
| Other tangible fixed assets | 26 | €4,400 | €4,400 | = | 0.0% |
| Current assets | 29/58 | €170,828 | €173,217 | +€2,388 | +1.4% |
| Stocks and contracts in progress | 3 | €20,000 | €20,000 | = | 0.0% |
| Stocks | 30/36 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,658 | €34,406 | -€9,252 | -21.2% |
| Trade receivables | 40 | €7,678 | - | -€7,678 | |
| Other amounts receivable | 41 | €35,980 | €34,406 | -€1,574 | -4.4% |
| Cash at bank and in hand | 54/58 | €107,170 | €118,811 | +€11,640 | +10.9% |
| Total equity and liabilities | 10/49 | €177,369 | €178,575 | +€1,206 | +0.7% |
| Equity | 10/15 | €172,480 | €19,776 | -€152,704 | -88.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,880 | €1,176 | -€152,704 | -99.2% |
| Amounts payable | 17/49 | €4,889 | €158,799 | +€153,909 | +3148.0% |
| Amounts payable within one year | 42/48 | €4,889 | €158,799 | +€153,909 | +3148.0% |
| Trade debts | 44 | €3,660 | €1,212 | -€2,447 | -66.9% |
| Suppliers | 440/4 | €3,660 | €1,212 | -€2,447 | -66.9% |
| Taxes, remuneration and social security | 45 | €1,230 | €3,178 | +€1,948 | +158.5% |
| Taxes | 450/3 | €1,230 | €3,178 | +€1,948 | +158.5% |
| Other amounts payable | 47/48 | - | €154,408 | +€154,408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,314 | €1,183 | -€131 | -10.0% |
| Other operating charges | 640/8 | €454 | €459 | +€5 | +1.1% |
| Gross operating margin | 9900 | -€25,850 | €2,295 | +€28,145 | |
| Operating profit (loss) | 9901 | -€27,617 | €654 | +€28,271 | |
| Financial income | 75/76B | €1,090 | €1,176 | +€86 | +7.9% |
| Recurring financial income | 75 | €1,090 | €1,176 | +€86 | +7.9% |
| Financial charges | 65/66B | €268 | €126 | -€142 | -53.1% |
| Recurring financial charges | 65 | €268 | €126 | -€142 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,795 | €1,705 | +€28,499 | |
| Income taxes | 67/77 | €2,224 | - | -€2,224 | |
| Profit (loss) for the period | 9904 | -€29,019 | €1,705 | +€30,723 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,019 | €1,705 | +€30,723 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.