MGL GROUP: 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.
MGL GROUP
Largest movements
- Receivables within one year -€290,217
down €290,217 (-37.3%), from €778,666 to €488,449
of which Trade receivables: -€243,654
- Tangible fixed assets -€12,627
down €12,627 (-35.0%), from €36,071 to €23,444
of which Leasing and similar rights: -€11,913
- Trade debts -€239,379
down €239,379 (-67.0%), from €357,310 to €117,931
- Tax, wage and social debts -€97,920
down €97,920 (-76.2%), from €128,443 to €30,523
of which Remuneration and social security: -€119,717
- Profit (loss) carried forward +€54,215
up €54,215 (+21.1%), from €257,380 to €311,594
- Debts after one year -€31,912
down €31,912 (-45.4%), from €70,250 to €38,338
- Current portion of long-term debt +€9,926
up €9,926 (+115%), from €8,635 to €18,560
- Staff costs -€171,015
down €171,015 (-59.9%), from €285,439 to €114,424
- Gross operating margin -€91,882
down €91,882 (-30.0%), from €306,229 to €214,346
- Taxes +€23,478
up €23,478 (+1,488%), from €1,578 to €25,056
- Other operating charges +€5,527
up €5,527 (+211%), from €2,625 to €8,152
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €824,218 | €519,147 | -€305,071 | -37.0% |
| Fixed assets | 21/28 | €37,681 | €25,054 | -€12,627 | -33.5% |
| Tangible fixed assets | 22/27 | €36,071 | €23,444 | -€12,627 | -35.0% |
| Furniture and vehicles | 24 | €1,958 | €1,243 | -€714 | -36.5% |
| Leasing and similar rights | 25 | €34,113 | €22,200 | -€11,913 | -34.9% |
| Financial fixed assets | 28 | €1,610 | €1,610 | = | 0.0% |
| Current assets | 29/58 | €786,537 | €494,094 | -€292,444 | -37.2% |
| Amounts receivable within one year | 40/41 | €778,666 | €488,449 | -€290,217 | -37.3% |
| Trade receivables | 40 | €690,774 | €447,119 | -€243,654 | -35.3% |
| Other amounts receivable | 41 | €87,892 | €41,329 | -€46,563 | -53.0% |
| Cash at bank and in hand | 54/58 | €7,871 | €5,645 | -€2,226 | -28.3% |
| Total equity and liabilities | 10/49 | €824,218 | €519,147 | -€305,071 | -37.0% |
| Equity | 10/15 | €259,580 | €313,794 | +€54,215 | +20.9% |
| Contributions | 10/11 | €2,200 | €2,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,380 | €311,594 | +€54,215 | +21.1% |
| Amounts payable | 17/49 | €564,639 | €205,353 | -€359,286 | -63.6% |
| Amounts payable after more than one year | 17 | €70,250 | €38,338 | -€31,912 | -45.4% |
| Financial debts | 170/4 | €70,250 | €38,338 | -€31,912 | -45.4% |
| Amounts payable within one year | 42/48 | €494,388 | €167,015 | -€327,374 | -66.2% |
| Current portion of amounts payable after more than one year | 42 | €8,635 | €18,560 | +€9,926 | +115% |
| Trade debts | 44 | €357,310 | €117,931 | -€239,379 | -67.0% |
| Suppliers | 440/4 | €357,310 | €117,931 | -€239,379 | -67.0% |
| Taxes, remuneration and social security | 45 | €128,443 | €30,523 | -€97,920 | -76.2% |
| Taxes | 450/3 | €8,098 | €29,895 | +€21,797 | +269% |
| Remuneration and social security | 454/9 | €120,345 | €628 | -€119,717 | -99.5% |
| Remuneration, social security and pensions | 62 | €285,439 | €114,424 | -€171,015 | -59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,364 | €12,627 | -€737 | -5.5% |
| Other operating charges | 640/8 | €2,625 | €8,152 | +€5,527 | +211% |
| Gross operating margin | 9900 | €306,229 | €214,346 | -€91,882 | -30.0% |
| Operating profit (loss) | 9901 | €4,801 | €79,143 | +€74,342 | +1,549% |
| Financial income | 75/76B | - | €1,396 | +€1,396 | |
| Recurring financial income | 75 | - | €1,396 | +€1,396 | |
| Financial charges | 65/66B | €2,111 | €1,268 | -€843 | -39.9% |
| Recurring financial charges | 65 | €2,111 | €1,268 | -€843 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €2,690 | €79,271 | +€76,581 | +2,847% |
| Income taxes | 67/77 | €1,578 | €25,056 | +€23,478 | +1,488% |
| Profit (loss) for the period | 9904 | €1,112 | €54,215 | +€53,103 | +4,777% |
| Profit (loss) for the period to be appropriated | 9905 | €1,112 | €54,215 | +€53,103 | +4,777% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.