MGI PROJECTS: 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 PROJECTS
Largest movements
- Current investments +€15,900
new in 2025: €15,900
- Tangible fixed assets -€7,803
down €7,803 (-30.4%), from €25,646 to €17,843
- Cash +€667
up €667 (+2.9%), from €22,867 to €23,534
mainly Net result for the year (+€14,396) and Depreciation (+€7,803)
- Profit (loss) carried forward +€14,396
up €14,396 (+66.9%), from €21,525 to €35,922
- Debts after one year -€6,589
down €6,589 (-40.0%), from €16,462 to €9,873
- Other debts +€1,579
up €1,579 (+2242.8%), from €70 to €1,649
- Tax, wage and social debts -€951
down €951 (-9.2%), from €10,377 to €9,426
- Gross operating margin -€5,546
down €5,546 (-16.2%), from €34,286 to €28,740
- Depreciation +€2,571
up €2,571 (+49.1%), from €5,232 to €7,803
- Taxes -€1,068
down €1,068 (-16.5%), from €6,489 to €5,422
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 | €57,225 | €66,104 | +€8,879 | +15.5% |
| Fixed assets | 21/28 | €25,646 | €17,843 | -€7,803 | -30.4% |
| Tangible fixed assets | 22/27 | €25,646 | €17,843 | -€7,803 | -30.4% |
| Furniture and vehicles | 24 | €25,646 | €17,843 | -€7,803 | -30.4% |
| Current assets | 29/58 | €31,579 | €48,261 | +€16,682 | +52.8% |
| Amounts receivable within one year | 40/41 | €8,712 | €8,827 | +€115 | +1.3% |
| Trade receivables | 40 | €8,712 | €8,827 | +€115 | +1.3% |
| Current investments | 50/53 | - | €15,900 | +€15,900 | |
| Cash at bank and in hand | 54/58 | €22,867 | €23,534 | +€667 | +2.9% |
| Total equity and liabilities | 10/49 | €57,225 | €66,104 | +€8,879 | +15.5% |
| Equity | 10/15 | €23,525 | €37,922 | +€14,396 | +61.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,525 | €35,922 | +€14,396 | +66.9% |
| Amounts payable | 17/49 | €33,700 | €28,182 | -€5,517 | -16.4% |
| Amounts payable after more than one year | 17 | €16,462 | €9,873 | -€6,589 | -40.0% |
| Financial debts | 170/4 | €16,462 | €9,873 | -€6,589 | -40.0% |
| Amounts payable within one year | 42/48 | €17,238 | €18,310 | +€1,071 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €6,291 | €6,589 | +€298 | +4.7% |
| Trade debts | 44 | €501 | €645 | +€145 | +28.9% |
| Suppliers | 440/4 | €501 | €645 | +€145 | +28.9% |
| Taxes, remuneration and social security | 45 | €10,377 | €9,426 | -€951 | -9.2% |
| Taxes | 450/3 | €10,377 | €9,426 | -€951 | -9.2% |
| Other amounts payable | 47/48 | €70 | €1,649 | +€1,579 | +2242.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,232 | €7,803 | +€2,571 | +49.1% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €34,286 | €28,740 | -€5,546 | -16.2% |
| Operating profit (loss) | 9901 | €28,936 | €20,817 | -€8,119 | -28.1% |
| Financial charges | 65/66B | €921 | €999 | +€77 | +8.4% |
| Recurring financial charges | 65 | €921 | €999 | +€77 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €28,015 | €19,818 | -€8,197 | -29.3% |
| Income taxes | 67/77 | €6,489 | €5,422 | -€1,068 | -16.5% |
| Profit (loss) for the period | 9904 | €21,525 | €14,396 | -€7,129 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,525 | €14,396 | -€7,129 | -33.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.