MGI KMO: what changed
Two fiscal 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.
MGI KMO
Largest movements
- Cash +€19,441
up €19,441 (+95.9%), from €20,270 to €39,711
mainly Depreciation (+€15,725) and Other debts (+€12,486)
- Tangible fixed assets -€15,725
down €15,725 (-5.0%), from €314,222 to €298,497
- Receivables within one year -€11,182
down €11,182 (-80.0%), from €13,981 to €2,799
- Profit (loss) carried forward -€13,719
down €13,719 (-76.4%), from -€17,954 to -€31,673
- Other debts +€12,486
up €12,486 (+3.6%), from €349,136 to €361,622
- Accrued charges and deferred income -€4,950
no longer reported in 2026 (was €4,950)
- Gross operating margin -€1,303
down €1,303 (-6.3%), from €20,722 to €19,419
- Financial charges -€1,227
down €1,227 (-6.9%), from €17,734 to €16,507
- Other operating charges -€233
down €233 (-20.4%), from €1,139 to €907
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,472 | €341,007 | -€7,466 | -2.1% |
| Fixed assets | 21/28 | €314,222 | €298,497 | -€15,725 | -5.0% |
| Tangible fixed assets | 22/27 | €314,222 | €298,497 | -€15,725 | -5.0% |
| Land and buildings | 22 | €314,222 | €298,497 | -€15,725 | -5.0% |
| Current assets | 29/58 | €34,251 | €42,510 | +€8,259 | +24.1% |
| Amounts receivable within one year | 40/41 | €13,981 | €2,799 | -€11,182 | -80.0% |
| Trade receivables | 40 | €13,981 | €2,799 | -€11,182 | -80.0% |
| Cash at bank and in hand | 54/58 | €20,270 | €39,711 | +€19,441 | +95.9% |
| Total equity and liabilities | 10/49 | €348,472 | €341,007 | -€7,466 | -2.1% |
| Equity | 10/15 | -€7,954 | -€21,673 | -€13,719 | -172.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,954 | -€31,673 | -€13,719 | -76.4% |
| Amounts payable | 17/49 | €356,426 | €362,680 | +€6,253 | +1.8% |
| Amounts payable within one year | 42/48 | €351,476 | €362,680 | +€11,203 | +3.2% |
| Trade debts | 44 | €29 | €34 | +€5 | +15.7% |
| Suppliers | 440/4 | €29 | €34 | +€5 | +15.7% |
| Taxes, remuneration and social security | 45 | €2,310 | €1,023 | -€1,287 | -55.7% |
| Taxes | 450/3 | €2,310 | €1,023 | -€1,287 | -55.7% |
| Other amounts payable | 47/48 | €349,136 | €361,622 | +€12,486 | +3.6% |
| Accrued charges and deferred income | 492/3 | €4,950 | - | -€4,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,725 | €15,725 | = | 0.0% |
| Other operating charges | 640/8 | €1,139 | €907 | -€233 | -20.4% |
| Gross operating margin | 9900 | €20,722 | €19,419 | -€1,303 | -6.3% |
| Operating profit (loss) | 9901 | €3,858 | €2,788 | -€1,070 | -27.7% |
| Financial charges | 65/66B | €17,734 | €16,507 | -€1,227 | -6.9% |
| Recurring financial charges | 65 | €17,734 | €16,507 | -€1,227 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,876 | -€13,719 | +€157 | +1.1% |
| Profit (loss) for the period | 9904 | -€13,876 | -€13,719 | +€157 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,876 | -€13,719 | +€157 | +1.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.