MGLaw: 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.
MGLaw
Largest movements
- Cash +€119,489
up €119,489 (+203%), from €58,989 to €178,478
mainly Net result for the year (+€182,577) and Other debts (+€120,385)
- Receivables within one year -€13,751
down €13,751 (-57.6%), from €23,867 to €10,115
of which Trade receivables: -€13,171
- Tangible fixed assets -€10,705
down €10,705 (-19.6%), from €54,556 to €43,851
of which Other tangible fixed assets: -€8,867
- Other debts +€120,385
up €120,385 (+225%), from €53,461 to €173,846
- Profit (loss) carried forward -€14,677
down €14,677 (-99.5%), from €14,754 to €77
- Debts after one year -€8,058
down €8,058 (-20.7%), from €39,012 to €30,954
- Gross operating margin +€22,321
up €22,321 (+9.8%), from €227,211 to €249,532
- Taxes +€5,825
up €5,825 (+11.8%), from €49,529 to €55,354
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 | €137,957 | €233,385 | +€95,428 | +69.2% |
| Fixed assets | 21/28 | €54,556 | €43,851 | -€10,705 | -19.6% |
| Tangible fixed assets | 22/27 | €54,556 | €43,851 | -€10,705 | -19.6% |
| Furniture and vehicles | 24 | €2,519 | €681 | -€1,838 | -73.0% |
| Other tangible fixed assets | 26 | €52,037 | €43,170 | -€8,867 | -17.0% |
| Current assets | 29/58 | €83,401 | €189,534 | +€106,133 | +127% |
| Amounts receivable within one year | 40/41 | €23,867 | €10,115 | -€13,751 | -57.6% |
| Trade receivables | 40 | €23,283 | €10,112 | -€13,171 | -56.6% |
| Other amounts receivable | 41 | €583 | €3 | -€580 | -99.4% |
| Cash at bank and in hand | 54/58 | €58,989 | €178,478 | +€119,489 | +203% |
| Deferred charges and accrued income | 490/1 | €545 | €941 | +€395 | +72.5% |
| Total equity and liabilities | 10/49 | €137,957 | €233,385 | +€95,428 | +69.2% |
| Equity | 10/15 | €16,754 | €2,077 | -€14,677 | -87.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,754 | €77 | -€14,677 | -99.5% |
| Amounts payable | 17/49 | €121,203 | €231,308 | +€110,105 | +90.8% |
| Amounts payable after more than one year | 17 | €39,012 | €30,954 | -€8,058 | -20.7% |
| Financial debts | 170/4 | €39,012 | €30,954 | -€8,058 | -20.7% |
| Amounts payable within one year | 42/48 | €82,192 | €200,354 | +€118,163 | +144% |
| Current portion of amounts payable after more than one year | 42 | €7,976 | €8,058 | +€81 | +1.0% |
| Trade debts | 44 | €2,913 | €1,049 | -€1,863 | -64.0% |
| Suppliers | 440/4 | €2,913 | €1,049 | -€1,863 | -64.0% |
| Taxes, remuneration and social security | 45 | €17,842 | €17,401 | -€440 | -2.5% |
| Taxes | 450/3 | €17,842 | €17,401 | -€440 | -2.5% |
| Other amounts payable | 47/48 | €53,461 | €173,846 | +€120,385 | +225% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,198 | €10,705 | -€1,493 | -12.2% |
| Other operating charges | 640/8 | €450 | €400 | -€51 | -11.3% |
| Gross operating margin | 9900 | €227,211 | €249,532 | +€22,321 | +9.8% |
| Operating profit (loss) | 9901 | €214,563 | €238,428 | +€23,865 | +11.1% |
| Financial income | 75/76B | €364 | €229 | -€135 | -37.1% |
| Recurring financial income | 75 | €364 | €229 | -€135 | -37.1% |
| Financial charges | 65/66B | €722 | €726 | +€5 | +0.6% |
| Recurring financial charges | 65 | €722 | €726 | +€5 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €214,206 | €237,931 | +€23,725 | +11.1% |
| Income taxes | 67/77 | €49,529 | €55,354 | +€5,825 | +11.8% |
| Profit (loss) for the period | 9904 | €164,676 | €182,577 | +€17,900 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €164,676 | €182,577 | +€17,900 | +10.9% |
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 24 October 2026 via checked.be.