MGG-TEC: 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-TEC
Largest movements
- Receivables within one year -€160,662
down €160,662 (-80.5%), from €199,468 to €38,806
of which Other amounts receivable: -€81,312
- Current investments -€96,500
down €96,500 (-100%), from €96,500 to €0
- Cash +€61,207
up €61,207 (+72.1%), from €84,946 to €146,153
mainly Net result for the year (+€212,546) and Receivables within one year (+€160,662)
- Tangible fixed assets -€16,406
down €16,406 (-7.3%), from €223,994 to €207,587
- Other debts -€91,500
down €91,500 (-94.8%), from €96,531 to €5,031
- Reserves -€83,954
down €83,954 (-29.7%), from €282,511 to €198,557
of which Non-distributable reserves: -€98,360
- Debts after one year -€20,000
down €20,000 (-12.1%), from €165,000 to €145,000
- Trade debts -€17,175
down €17,175 (-75.4%), from €22,782 to €5,607
- Gross operating margin +€222,600
up €222,600 (+258%), from €86,339 to €308,939
- Taxes +€56,824
up €56,824 (+398%), from €14,276 to €71,101
- Financial charges -€10,815
down €10,815 (-64.0%), from €16,895 to €6,080
- Financial income -€3,502
down €3,502 (-99.3%), from €3,527 to €25
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 | €606,919 | €394,159 | -€212,760 | -35.1% |
| Fixed assets | 21/28 | €223,994 | €207,587 | -€16,406 | -7.3% |
| Tangible fixed assets | 22/27 | €223,994 | €207,587 | -€16,406 | -7.3% |
| Land and buildings | 22 | €223,994 | €207,587 | -€16,406 | -7.3% |
| Current assets | 29/58 | €382,925 | €186,572 | -€196,354 | -51.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €199,468 | €38,806 | -€160,662 | -80.5% |
| Trade receivables | 40 | €117,875 | €38,524 | -€79,351 | -67.3% |
| Other amounts receivable | 41 | €81,593 | €281 | -€81,312 | -99.7% |
| Current investments | 50/53 | €96,500 | €0 | -€96,500 | -100% |
| Cash at bank and in hand | 54/58 | €84,946 | €146,153 | +€61,207 | +72.1% |
| Deferred charges and accrued income | 490/1 | €2,011 | €1,613 | -€399 | -19.8% |
| Total equity and liabilities | 10/49 | €606,919 | €394,159 | -€212,760 | -35.1% |
| Equity | 10/15 | €301,111 | €217,157 | -€83,954 | -27.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €282,511 | €198,557 | -€83,954 | -29.7% |
| Non-distributable reserves | 130/1 | €98,360 | €0 | -€98,360 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Own shares acquired | 1312 | €96,500 | €0 | -€96,500 | -100% |
| Distributable reserves | 133 | €184,151 | €198,557 | +€14,406 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €305,808 | €177,002 | -€128,806 | -42.1% |
| Amounts payable after more than one year | 17 | €165,000 | €145,000 | -€20,000 | -12.1% |
| Financial debts | 170/4 | €165,000 | €145,000 | -€20,000 | -12.1% |
| Amounts payable within one year | 42/48 | €140,808 | €32,003 | -€108,806 | -77.3% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 43 | €1,231 | €0 | -€1,231 | -100% |
| Credit institutions | 430/8 | €1,231 | €0 | -€1,231 | -100% |
| Trade debts | 44 | €22,782 | €5,607 | -€17,175 | -75.4% |
| Suppliers | 440/4 | €22,782 | €5,607 | -€17,175 | -75.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €264 | €1,365 | +€1,101 | +417% |
| Taxes | 450/3 | €264 | €1,365 | +€1,101 | +417% |
| Other amounts payable | 47/48 | €96,531 | €5,031 | -€91,500 | -94.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,406 | €16,406 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,303 | €0 | +€2,303 | |
| Other operating charges | 640/8 | €4,597 | €2,831 | -€1,766 | -38.4% |
| Non-recurring operating charges | 66A | €761 | €0 | -€761 | -100% |
| Gross operating margin | 9900 | €86,339 | €308,939 | +€222,600 | +258% |
| Operating profit (loss) | 9901 | €66,878 | €289,701 | +€222,823 | +333% |
| Financial income | 75/76B | €3,527 | €25 | -€3,502 | -99.3% |
| Recurring financial income | 75 | €3,527 | €25 | -€3,502 | -99.3% |
| Financial charges | 65/66B | €16,895 | €6,080 | -€10,815 | -64.0% |
| Recurring financial charges | 65 | €16,895 | €6,080 | -€10,815 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | €53,510 | €283,646 | +€230,136 | +430% |
| Income taxes | 67/77 | €14,276 | €71,101 | +€56,824 | +398% |
| Profit (loss) for the period | 9904 | €39,234 | €212,546 | +€173,312 | +442% |
| Profit (loss) for the period to be appropriated | 9905 | €39,234 | €212,546 | +€173,312 | +442% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.