MGI RES: 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.
MGI RES
Largest movements
- Tangible fixed assets -€38,734
down €38,734 (-1.5%), from €2.6m to €2.5m
of which Land and buildings: -€45,571
- Profit (loss) carried forward -€80,738
down €80,738 (-268%), from -€30,090 to -€110,828
- Other debts +€64,847
up €64,847 (+2.5%), from €2.6m to €2.7m
- Depreciation +€55,033
up €55,033 (+1,584%), from €3,475 to €58,508
- Gross operating margin -€16,907
down €16,907 (-1,098%), from -€1,539 to -€18,446
- Financial charges +€808
up €808 (+28.6%), from €2,824 to €3,632
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 | €2,602,580 | €2,586,099 | -€16,482 | -0.6% |
| Fixed assets | 21/28 | €2,568,166 | €2,529,432 | -€38,734 | -1.5% |
| Tangible fixed assets | 22/27 | €2,568,166 | €2,529,432 | -€38,734 | -1.5% |
| Land and buildings | 22 | €2,568,166 | €2,522,596 | -€45,571 | -1.8% |
| Plant, machinery and equipment | 23 | - | €6,837 | +€6,837 | |
| Current assets | 29/58 | €34,414 | €56,666 | +€22,252 | +64.7% |
| Amounts receivable within one year | 40/41 | €23,268 | €27,010 | +€3,742 | +16.1% |
| Trade receivables | 40 | - | €2,361 | +€2,361 | |
| Other amounts receivable | 41 | €23,268 | €24,649 | +€1,381 | +5.9% |
| Cash at bank and in hand | 54/58 | €11,146 | €29,656 | +€18,511 | +166% |
| Total equity and liabilities | 10/49 | €2,602,580 | €2,586,099 | -€16,482 | -0.6% |
| Equity | 10/15 | -€10,090 | -€90,828 | -€80,738 | -800% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,090 | -€110,828 | -€80,738 | -268% |
| Amounts payable | 17/49 | €2,612,670 | €2,676,927 | +€64,256 | +2.5% |
| Amounts payable within one year | 42/48 | €2,612,670 | €2,676,927 | +€64,256 | +2.5% |
| Trade debts | 44 | €590 | €0 | -€590 | -100% |
| Suppliers | 440/4 | €590 | €0 | -€590 | -100% |
| Other amounts payable | 47/48 | €2,612,080 | €2,676,927 | +€64,847 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,475 | €58,508 | +€55,033 | +1,584% |
| Other operating charges | 640/8 | €141 | €262 | +€121 | +86.4% |
| Gross operating margin | 9900 | -€1,539 | -€18,446 | -€16,907 | -1,098% |
| Operating profit (loss) | 9901 | -€5,154 | -€77,216 | -€72,061 | -1,398% |
| Financial income | 75/76B | - | €110 | +€110 | |
| Recurring financial income | 75 | - | €110 | +€110 | |
| Financial charges | 65/66B | €2,824 | €3,632 | +€808 | +28.6% |
| Recurring financial charges | 65 | €2,824 | €3,632 | +€808 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,979 | -€80,738 | -€72,759 | -912% |
| Profit (loss) for the period | 9904 | -€7,979 | -€80,738 | -€72,759 | -912% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,979 | -€80,738 | -€72,759 | -912% |
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 22 October 2026 via checked.be.