MGH PRO: 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 PRO
Largest movements
- Cash +€13,888
up €13,888 (+247.4%), from €5,613 to €19,501
mainly Other debts (+€12,421) and Net result for the year (+€10,600)
- Receivables within one year +€8,263
up €8,263 (+150.8%), from €5,481 to €13,744
of which Trade receivables: +€6,798
- Tangible fixed assets +€6,971
up €6,971 (+872.5%), from €799 to €7,770
of which Furniture and vehicles: +€7,371
- Other debts +€12,421
up €12,421 (+681.3%), from €1,823 to €14,244
- Profit (loss) carried forward +€10,600
up €10,600 (+930.6%), from €1,139 to €11,739
- Trade debts +€7,948
up €7,948 (+876.3%), from €907 to €8,855
- Tax, wage and social debts -€1,891
down €1,891 (-30.1%), from €6,285 to €4,394
of which Remuneration and social security: -€6,000
- Gross operating margin +€14,739
up €14,739 (+397.3%), from €3,710 to €18,449
- Depreciation +€3,686
up €3,686 (+923.8%), from €399 to €4,085
- Taxes +€3,248
up €3,248 (+1139.6%), from €285 to €3,533
- Provisions -€1,856
no longer reported in 2025 (was €1,856)
- Financial charges +€200
up €200 (+645.2%), from €31 to €231
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 | €12,010 | €41,088 | +€29,078 | +242.1% |
| Fixed assets | 21/28 | €799 | €7,770 | +€6,971 | +872.5% |
| Tangible fixed assets | 22/27 | €799 | €7,770 | +€6,971 | +872.5% |
| Plant, machinery and equipment | 23 | €799 | €399 | -€400 | -50.1% |
| Furniture and vehicles | 24 | - | €7,371 | +€7,371 | |
| Current assets | 29/58 | €11,211 | €33,318 | +€22,107 | +197.2% |
| Amounts receivable within one year | 40/41 | €5,481 | €13,744 | +€8,263 | +150.8% |
| Trade receivables | 40 | €2,894 | €9,692 | +€6,798 | +234.9% |
| Other amounts receivable | 41 | €2,587 | €4,052 | +€1,465 | +56.6% |
| Cash at bank and in hand | 54/58 | €5,613 | €19,501 | +€13,888 | +247.4% |
| Deferred charges and accrued income | 490/1 | €117 | €73 | -€44 | -37.6% |
| Total equity and liabilities | 10/49 | €12,010 | €41,088 | +€29,078 | +242.1% |
| Equity | 10/15 | €1,139 | €11,739 | +€10,600 | +930.6% |
| Profit (loss) carried forward | 14 | €1,139 | €11,739 | +€10,600 | +930.6% |
| Provisions and deferred taxes | 16 | €1,856 | €1,856 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,856 | €1,856 | = | 0.0% |
| Pensions and similar obligations | 160 | €1,856 | €1,856 | = | 0.0% |
| Amounts payable | 17/49 | €9,015 | €27,493 | +€18,478 | +205.0% |
| Amounts payable within one year | 42/48 | €9,015 | €27,493 | +€18,478 | +205.0% |
| Trade debts | 44 | €907 | €8,855 | +€7,948 | +876.3% |
| Suppliers | 440/4 | €907 | €8,855 | +€7,948 | +876.3% |
| Taxes, remuneration and social security | 45 | €6,285 | €4,394 | -€1,891 | -30.1% |
| Taxes | 450/3 | €285 | €4,394 | +€4,109 | +1441.8% |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Other amounts payable | 47/48 | €1,823 | €14,244 | +€12,421 | +681.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €399 | €4,085 | +€3,686 | +923.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,856 | - | -€1,856 | |
| Gross operating margin | 9900 | €3,710 | €18,449 | +€14,739 | +397.3% |
| Operating profit (loss) | 9901 | €1,455 | €14,364 | +€12,909 | +887.2% |
| Financial charges | 65/66B | €31 | €231 | +€200 | +645.2% |
| Recurring financial charges | 65 | €31 | €231 | +€200 | +645.2% |
| Profit (loss) for the period before taxes | 9903 | €1,424 | €14,133 | +€12,709 | +892.5% |
| Income taxes | 67/77 | €285 | €3,533 | +€3,248 | +1139.6% |
| Profit (loss) for the period | 9904 | €1,139 | €10,600 | +€9,461 | +830.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,139 | €10,600 | +€9,461 | +830.6% |
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 10 October 2026 via checked.be.