MGG PROMO: 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.
MGG PROMO
Largest movements
- Stocks and contracts -€758,421
down €758,421 (-48.0%), from €1.6m to €821,214
- Receivables within one year -€38,746
down €38,746 (-84.1%), from €46,081 to €7,335
of which Trade receivables: -€40,970
- Cash -€21,786
down €21,786 (-78.2%), from €27,873 to €6,087
mainly Debts after one year (-€856,406) and Advances received (-€348,165)
- Debts after one year -€856,406
down €856,406 (-67.9%), from €1.3m to €405,381
- Advances received -€348,165
down €348,165 (-98.6%), from €353,165 to €5,000
- Other debts +€298,215
up €298,215 (+147%), from €203,348 to €501,563
- Profit (loss) carried forward +€126,622
up €126,622 (+61.2%), from -€206,973 to -€80,352
- Trade debts -€38,913
down €38,913 (-96.8%), from €40,181 to €1,268
- Gross operating margin +€189,471
up €189,471, from -€37,382 to €152,089
- Taxes -€4,437
no longer reported in 2025 (was €4,437)
- Depreciation +€1,809
up €1,809 (+92.6%), from €1,954 to €3,764
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 | €1,668,602 | €855,885 | -€812,717 | -48.7% |
| Fixed assets | 21/28 | €9,003 | €18,447 | +€9,445 | +105% |
| Tangible fixed assets | 22/27 | €8,953 | €18,397 | +€9,445 | +105% |
| Land and buildings | 22 | €8,717 | - | -€8,717 | |
| Plant, machinery and equipment | 23 | - | €6,958 | +€6,958 | |
| Furniture and vehicles | 24 | €236 | €11,439 | +€11,204 | +4,753% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,659,600 | €837,438 | -€822,162 | -49.5% |
| Stocks and contracts in progress | 3 | €1,579,636 | €821,214 | -€758,421 | -48.0% |
| Stocks | 30/36 | €1,579,636 | €821,214 | -€758,421 | -48.0% |
| Amounts receivable within one year | 40/41 | €46,081 | €7,335 | -€38,746 | -84.1% |
| Trade receivables | 40 | €42,000 | €1,030 | -€40,970 | -97.5% |
| Other amounts receivable | 41 | €4,081 | €6,305 | +€2,224 | +54.5% |
| Cash at bank and in hand | 54/58 | €27,873 | €6,087 | -€21,786 | -78.2% |
| Deferred charges and accrued income | 490/1 | €6,010 | €2,801 | -€3,208 | -53.4% |
| Total equity and liabilities | 10/49 | €1,668,602 | €855,885 | -€812,717 | -48.7% |
| Equity | 10/15 | -€198,293 | -€71,672 | +€126,622 | +63.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,480 | €2,480 | = | 0.0% |
| Distributable reserves | 133 | €2,480 | €2,480 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€206,973 | -€80,352 | +€126,622 | +61.2% |
| Amounts payable | 17/49 | €1,866,895 | €927,557 | -€939,339 | -50.3% |
| Amounts payable after more than one year | 17 | €1,261,787 | €405,381 | -€856,406 | -67.9% |
| Financial debts | 170/4 | €1,261,787 | €405,381 | -€856,406 | -67.9% |
| Amounts payable within one year | 42/48 | €605,108 | €522,176 | -€82,933 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €999 | €6,929 | +€5,930 | +594% |
| Trade debts | 44 | €40,181 | €1,268 | -€38,913 | -96.8% |
| Suppliers | 440/4 | €40,181 | €1,268 | -€38,913 | -96.8% |
| Advances received on contracts in progress | 46 | €353,165 | €5,000 | -€348,165 | -98.6% |
| Taxes, remuneration and social security | 45 | €7,415 | €7,415 | = | 0.0% |
| Taxes | 450/3 | €7,415 | €7,415 | = | 0.0% |
| Other amounts payable | 47/48 | €203,348 | €501,563 | +€298,215 | +147% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,954 | €3,764 | +€1,809 | +92.6% |
| Other operating charges | 640/8 | €2,397 | €3,179 | +€782 | +32.6% |
| Non-recurring operating charges | 66A | €25,000 | - | -€25,000 | |
| Gross operating margin | 9900 | -€37,382 | €152,089 | +€189,471 | |
| Operating profit (loss) | 9901 | -€66,734 | €145,146 | +€211,880 | |
| Financial income | 75/76B | €49 | - | -€49 | |
| Recurring financial income | 75 | €49 | - | -€49 | |
| Financial charges | 65/66B | €18,062 | €18,525 | +€462 | +2.6% |
| Recurring financial charges | 65 | €18,062 | €18,525 | +€462 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€84,747 | €126,622 | +€211,369 | |
| Income taxes | 67/77 | €4,437 | - | -€4,437 | |
| Profit (loss) for the period | 9904 | -€89,184 | €126,622 | +€215,806 | |
| Profit (loss) for the period to be appropriated | 9905 | -€89,184 | €126,622 | +€215,806 |
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.