MGH PISCINES: 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.
MGH PISCINES
Largest movements
- Cash +€19,817
up €19,817 (+553%), from €3,583 to €23,400
mainly Net result for the year (+€22,956) and Other debts (+€21,874)
- Tangible fixed assets -€11,358
down €11,358 (-16.7%), from €67,894 to €56,536
of which Furniture and vehicles: -€10,477
- Profit (loss) carried forward +€22,956
up €22,956 (+81.7%), from -€28,106 to -€5,150
- Other debts +€21,874
up €21,874 (+175%), from €12,526 to €34,400
- Trade debts -€20,649
down €20,649 (-81.5%), from €25,323 to €4,674
- Debts after one year -€18,500
down €18,500 (-39.1%), from €47,353 to €28,853
- Tax, wage and social debts +€2,758
new in 2025: €2,758
- Gross operating margin +€68,714
up €68,714, from -€15,207 to €53,507
- Provisions +€3,655
new in 2025: €3,655
- Financial charges -€2,998
down €2,998 (-51.9%), from €5,780 to €2,782
- Depreciation +€2,395
up €2,395 (+12.8%), from €18,659 to €21,054
- Taxes +€1,757
new in 2025: €1,757
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 | €105,017 | €114,037 | +€9,020 | +8.6% |
| Fixed assets | 21/28 | €67,894 | €56,536 | -€11,358 | -16.7% |
| Tangible fixed assets | 22/27 | €67,894 | €56,536 | -€11,358 | -16.7% |
| Plant, machinery and equipment | 23 | €2,715 | €1,833 | -€881 | -32.5% |
| Furniture and vehicles | 24 | €65,179 | €54,703 | -€10,477 | -16.1% |
| Current assets | 29/58 | €37,123 | €57,500 | +€20,378 | +54.9% |
| Amounts receivable within one year | 40/41 | €33,540 | €34,100 | +€560 | +1.7% |
| Trade receivables | 40 | €9,251 | €16,840 | +€7,589 | +82.0% |
| Other amounts receivable | 41 | €24,288 | €17,260 | -€7,029 | -28.9% |
| Cash at bank and in hand | 54/58 | €3,583 | €23,400 | +€19,817 | +553% |
| Total equity and liabilities | 10/49 | €105,017 | €114,037 | +€9,020 | +8.6% |
| Equity | 10/15 | €1,894 | €24,850 | +€22,956 | +1,212% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | - | €30,000 | +€30,000 | |
| Issued capital | 100 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | -€28,106 | -€5,150 | +€22,956 | +81.7% |
| Amounts payable | 17/49 | €103,123 | €89,186 | -€13,937 | -13.5% |
| Amounts payable after more than one year | 17 | €47,353 | €28,853 | -€18,500 | -39.1% |
| Financial debts | 170/4 | €47,353 | €28,853 | -€18,500 | -39.1% |
| Amounts payable within one year | 42/48 | €55,769 | €60,333 | +€4,564 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €17,920 | €18,500 | +€580 | +3.2% |
| Trade debts | 44 | €25,323 | €4,674 | -€20,649 | -81.5% |
| Suppliers | 440/4 | €25,323 | €4,674 | -€20,649 | -81.5% |
| Taxes, remuneration and social security | 45 | - | €2,758 | +€2,758 | |
| Taxes | 450/3 | - | €2,758 | +€2,758 | |
| Other amounts payable | 47/48 | €12,526 | €34,400 | +€21,874 | +175% |
| Remuneration, social security and pensions | 62 | €2,616 | €1,456 | -€1,160 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,659 | €21,054 | +€2,395 | +12.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €3,655 | +€3,655 | |
| Other operating charges | 640/8 | €445 | - | -€445 | |
| Non-recurring operating charges | 66A | €300 | €74 | -€226 | -75.3% |
| Gross operating margin | 9900 | -€15,207 | €53,507 | +€68,714 | |
| Operating profit (loss) | 9901 | -€37,227 | €27,268 | +€64,495 | |
| Financial income | 75/76B | €8 | €227 | +€220 | +2,873% |
| Recurring financial income | 75 | €8 | €227 | +€220 | +2,873% |
| Financial charges | 65/66B | €5,780 | €2,782 | -€2,998 | -51.9% |
| Recurring financial charges | 65 | €5,780 | €2,782 | -€2,998 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | -€42,999 | €24,714 | +€67,713 | |
| Income taxes | 67/77 | - | €1,757 | +€1,757 | |
| Profit (loss) for the period | 9904 | -€42,999 | €22,956 | +€65,956 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,999 | €22,956 | +€65,956 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.