MGIB Immo: 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.
MGIB Immo
Largest movements
- Tangible fixed assets -€25,029
down €25,029 (-5.0%), from €497,175 to €472,146
- Debts after one year -€30,267
down €30,267 (-6.2%), from €485,185 to €454,918
of which Financial debts: -€26,676
- Other debts +€5,303
new in 2025: €5,303
- Gross operating margin -€1,581
down €1,581 (-3.2%), from €49,007 to €47,426
- Financial charges -€647
down €647 (-3.7%), from €17,406 to €16,759
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 | €515,078 | €493,775 | -€21,303 | -4.1% |
| Formation expenses | 20 | €1,177 | €204 | -€973 | -82.6% |
| Fixed assets | 21/28 | €497,175 | €472,146 | -€25,029 | -5.0% |
| Tangible fixed assets | 22/27 | €497,175 | €472,146 | -€25,029 | -5.0% |
| Land and buildings | 22 | €497,175 | €472,146 | -€25,029 | -5.0% |
| Current assets | 29/58 | €16,726 | €21,425 | +€4,699 | +28.1% |
| Cash at bank and in hand | 54/58 | €15,693 | €20,268 | +€4,574 | +29.1% |
| Deferred charges and accrued income | 490/1 | €1,032 | €1,157 | +€125 | +12.1% |
| Total equity and liabilities | 10/49 | €515,078 | €493,775 | -€21,303 | -4.1% |
| Equity | 10/15 | €2,612 | €6,877 | +€4,266 | +163.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,389 | €1,877 | +€4,266 | |
| Amounts payable | 17/49 | €512,466 | €486,897 | -€25,569 | -5.0% |
| Amounts payable after more than one year | 17 | €485,185 | €454,918 | -€30,267 | -6.2% |
| Financial debts | 170/4 | €299,325 | €272,649 | -€26,676 | -8.9% |
| Other amounts payable | 178/9 | €185,860 | €182,269 | -€3,591 | -1.9% |
| Amounts payable within one year | 42/48 | €27,281 | €31,979 | +€4,698 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €25,742 | €26,676 | +€934 | +3.6% |
| Taxes, remuneration and social security | 45 | €1,539 | €0 | -€1,539 | -100.0% |
| Taxes | 450/3 | €1,539 | €0 | -€1,539 | -100.0% |
| Other amounts payable | 47/48 | - | €5,303 | +€5,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,002 | €26,002 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €49,007 | €47,426 | -€1,581 | -3.2% |
| Operating profit (loss) | 9901 | €22,618 | €21,024 | -€1,594 | -7.0% |
| Financial charges | 65/66B | €17,406 | €16,759 | -€647 | -3.7% |
| Recurring financial charges | 65 | €17,406 | €16,759 | -€647 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €5,212 | €4,266 | -€947 | -18.2% |
| Profit (loss) for the period | 9904 | €5,212 | €4,266 | -€947 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,212 | €4,266 | -€947 | -18.2% |
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.