MGLG: 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.
MGLG
Largest movements
- Receivables within one year +€17,359
up €17,359 (+87.5%), from €19,830 to €37,189
of which Trade receivables: +€16,454
- Cash -€11,952
down €11,952 (-85.9%), from €13,909 to €1,957
mainly Receivables within one year (-€17,359) and Investment in fixed assets (net) (-€8,428)
- Financial fixed assets +€7,000
new in 2025: €7,000
- Tangible fixed assets -€5,446
down €5,446 (-67.9%), from €8,021 to €2,575
- Other debts +€5,000
new in 2025: €5,000
- Trade debts +€4,057
new in 2025: €4,057
- Tax, wage and social debts -€2,573
down €2,573 (-67.8%), from €3,795 to €1,222
- Reserves +€2,041
up €2,041 (+4.0%), from €51,022 to €53,063
- Current portion of long-term debt -€1,564
no longer reported in 2025 (was €1,564)
- Gross operating margin +€3,604
up €3,604 (+48.2%), from €7,483 to €11,087
- Taxes +€1,844
up €1,844 (+570.9%), from €323 to €2,167
- Other operating charges -€371
down €371 (-41.3%), from €899 to €528
- Financial income -€186
down €186 (-23.2%), from €803 to €617
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 | €41,760 | €48,721 | +€6,961 | +16.7% |
| Fixed assets | 21/28 | €8,021 | €9,575 | +€1,554 | +19.4% |
| Tangible fixed assets | 22/27 | €8,021 | €2,575 | -€5,446 | -67.9% |
| Furniture and vehicles | 24 | €8,021 | €2,575 | -€5,446 | -67.9% |
| Financial fixed assets | 28 | - | €7,000 | +€7,000 | |
| Current assets | 29/58 | €33,739 | €39,146 | +€5,407 | +16.0% |
| Amounts receivable within one year | 40/41 | €19,830 | €37,189 | +€17,359 | +87.5% |
| Trade receivables | 40 | €9,149 | €25,603 | +€16,454 | +179.8% |
| Other amounts receivable | 41 | €10,681 | €11,586 | +€905 | +8.5% |
| Cash at bank and in hand | 54/58 | €13,909 | €1,957 | -€11,952 | -85.9% |
| Total equity and liabilities | 10/49 | €41,760 | €48,721 | +€6,961 | +16.7% |
| Equity | 10/15 | €36,400 | €38,441 | +€2,041 | +5.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €51,022 | €53,063 | +€2,041 | +4.0% |
| Distributable reserves | 133 | €51,022 | €53,063 | +€2,041 | +4.0% |
| Profit (loss) carried forward | 14 | -€17,622 | -€17,622 | = | 0.0% |
| Amounts payable | 17/49 | €5,360 | €10,280 | +€4,920 | +91.8% |
| Amounts payable within one year | 42/48 | €5,359 | €10,279 | +€4,920 | +91.8% |
| Current portion of amounts payable after more than one year | 42 | €1,564 | - | -€1,564 | |
| Trade debts | 44 | - | €4,057 | +€4,057 | |
| Suppliers | 440/4 | - | €4,057 | +€4,057 | |
| Taxes, remuneration and social security | 45 | €3,795 | €1,222 | -€2,573 | -67.8% |
| Taxes | 450/3 | €3,795 | €1,222 | -€2,573 | -67.8% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Accrued charges and deferred income | 492/3 | €1 | €1 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,875 | €6,874 | -€1 | 0.0% |
| Other operating charges | 640/8 | €899 | €528 | -€371 | -41.3% |
| Gross operating margin | 9900 | €7,483 | €11,087 | +€3,604 | +48.2% |
| Operating profit (loss) | 9901 | -€291 | €3,685 | +€3,976 | |
| Financial income | 75/76B | €803 | €617 | -€186 | -23.2% |
| Recurring financial income | 75 | €803 | €617 | -€186 | -23.2% |
| Financial charges | 65/66B | €198 | €94 | -€104 | -52.5% |
| Recurring financial charges | 65 | €198 | €94 | -€104 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €314 | €4,208 | +€3,894 | +1240.1% |
| Income taxes | 67/77 | €323 | €2,167 | +€1,844 | +570.9% |
| Profit (loss) for the period | 9904 | -€9 | €2,041 | +€2,050 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9 | €2,041 | +€2,050 |
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 5 October 2026 via checked.be.