MGLSK: 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.
MGLSK
Largest movements
- Cash -€32,461
down €32,461 (-34.0%), from €95,516 to €63,055
mainly Contributions, distributions and other (-€187,160) and Receivables within one year (-€7,254)
- Receivables within one year +€7,254
up €7,254 (+101.4%), from €7,154 to €14,408
of which Trade receivables: +€13,776
- Tangible fixed assets -€3,678
down €3,678 (-19.6%), from €18,789 to €15,111
of which Furniture and vehicles: -€3,787
- Profit (loss) carried forward -€126,582
down €126,582, from €116,160 to -€10,423
- Other debts +€79,086
new in 2025: €79,086
- Tax, wage and social debts +€18,428
new in 2025: €18,428
- Gross operating margin +€17,825
up €17,825 (+26.7%), from €66,640 to €84,465
- Taxes +€3,710
up €3,710 (+28.7%), from €12,910 to €16,620
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 | €121,867 | €93,685 | -€28,182 | -23.1% |
| Fixed assets | 21/28 | €18,789 | €15,111 | -€3,678 | -19.6% |
| Tangible fixed assets | 22/27 | €18,789 | €15,111 | -€3,678 | -19.6% |
| Plant, machinery and equipment | 23 | €3,587 | €3,695 | +€108 | +3.0% |
| Furniture and vehicles | 24 | €15,203 | €11,416 | -€3,787 | -24.9% |
| Current assets | 29/58 | €103,077 | €78,574 | -€24,503 | -23.8% |
| Amounts receivable within one year | 40/41 | €7,154 | €14,408 | +€7,254 | +101.4% |
| Trade receivables | 40 | €18 | €13,794 | +€13,776 | +78186.0% |
| Other amounts receivable | 41 | €7,136 | €614 | -€6,522 | -91.4% |
| Cash at bank and in hand | 54/58 | €95,516 | €63,055 | -€32,461 | -34.0% |
| Deferred charges and accrued income | 490/1 | €408 | €1,112 | +€704 | +172.3% |
| Total equity and liabilities | 10/49 | €121,867 | €93,685 | -€28,182 | -23.1% |
| Equity | 10/15 | €121,160 | -€5,423 | -€126,582 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,160 | -€10,423 | -€126,582 | |
| Amounts payable | 17/49 | €707 | €99,108 | +€98,401 | +13917.3% |
| Amounts payable within one year | 42/48 | €707 | €99,108 | +€98,401 | +13917.3% |
| Trade debts | 44 | €707 | €1,595 | +€888 | +125.5% |
| Suppliers | 440/4 | €707 | €1,595 | +€888 | +125.5% |
| Taxes, remuneration and social security | 45 | - | €18,428 | +€18,428 | |
| Taxes | 450/3 | - | €18,428 | +€18,428 | |
| Other amounts payable | 47/48 | - | €79,086 | +€79,086 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,161 | €6,775 | +€614 | +10.0% |
| Other operating charges | 640/8 | €253 | €243 | -€10 | -3.9% |
| Gross operating margin | 9900 | €66,640 | €84,465 | +€17,825 | +26.7% |
| Operating profit (loss) | 9901 | €60,226 | €77,448 | +€17,221 | +28.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.0% |
| Financial charges | 65/66B | €135 | €250 | +€115 | +85.2% |
| Recurring financial charges | 65 | €135 | €250 | +€115 | +85.2% |
| Profit (loss) for the period before taxes | 9903 | €60,092 | €77,197 | +€17,105 | +28.5% |
| Income taxes | 67/77 | €12,910 | €16,620 | +€3,710 | +28.7% |
| Profit (loss) for the period | 9904 | €47,182 | €60,577 | +€13,395 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,182 | €60,577 | +€13,395 | +28.4% |
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 1 October 2026 via checked.be.