MGM DIGITAL: 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.
MGM DIGITAL
Largest movements
- Intangible fixed assets +€35,749
up €35,749 (+28.8%), from €124,106 to €159,855
- Cash +€32,015
up €32,015 (+973.2%), from €3,290 to €35,304
mainly Contributions, distributions and other (+€46,000) and Debts after one year (+€43,000)
- Reserves +€46,000
new in 2025: €46,000
- Debts after one year +€43,000
up €43,000 (+42.6%), from €101,000 to €144,000
- Profit (loss) carried forward -€19,384
down €19,384 (-39.1%), from -€49,551 to -€68,935
- Gross operating margin -€94,936
down €94,936, from €94,111 to -€825
- Depreciation -€6,768
down €6,768 (-27.9%), from €24,233 to €17,465
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 | €129,393 | €198,308 | +€68,915 | +53.3% |
| Fixed assets | 21/28 | €124,106 | €159,855 | +€35,749 | +28.8% |
| Intangible fixed assets | 21 | €124,106 | €159,855 | +€35,749 | +28.8% |
| Current assets | 29/58 | €5,287 | €38,452 | +€33,166 | +627.3% |
| Amounts receivable within one year | 40/41 | €1,318 | €2,103 | +€785 | +59.5% |
| Trade receivables | 40 | €1,142 | €1,763 | +€620 | +54.3% |
| Other amounts receivable | 41 | €176 | €340 | +€165 | +93.6% |
| Cash at bank and in hand | 54/58 | €3,290 | €35,304 | +€32,015 | +973.2% |
| Deferred charges and accrued income | 490/1 | €679 | €1,045 | +€366 | +53.9% |
| Total equity and liabilities | 10/49 | €129,393 | €198,308 | +€68,915 | +53.3% |
| Equity | 10/15 | €13,449 | €40,065 | +€26,616 | +197.9% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | - | €46,000 | +€46,000 | |
| Non-distributable reserves | 130/1 | - | €46,000 | +€46,000 | |
| Financial assistance | 1313 | - | €46,000 | +€46,000 | |
| Profit (loss) carried forward | 14 | -€49,551 | -€68,935 | -€19,384 | -39.1% |
| Amounts payable | 17/49 | €115,944 | €158,242 | +€42,299 | +36.5% |
| Amounts payable after more than one year | 17 | €101,000 | €144,000 | +€43,000 | +42.6% |
| Financial debts | 170/4 | €101,000 | €144,000 | +€43,000 | +42.6% |
| Amounts payable within one year | 42/48 | €14,944 | €14,242 | -€701 | -4.7% |
| Trade debts | 44 | €5,421 | €5,705 | +€284 | +5.2% |
| Suppliers | 440/4 | €5,421 | €5,705 | +€284 | +5.2% |
| Taxes, remuneration and social security | 45 | €9,523 | €8,537 | -€985 | -10.3% |
| Remuneration and social security | 454/9 | €9,523 | €8,537 | -€985 | -10.3% |
| Turnover | 70 | €3,524 | €3,655 | +€131 | +3.7% |
| Non-recurring operating income | 76A | €94,447 | - | -€94,447 | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,859 | €4,480 | +€620 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,233 | €17,465 | -€6,768 | -27.9% |
| Other operating charges | 640/8 | €448 | €1,013 | +€565 | +126.0% |
| Gross operating margin | 9900 | €94,111 | -€825 | -€94,936 | |
| Operating profit (loss) | 9901 | €69,430 | -€19,302 | -€88,733 | |
| Financial charges | 65/66B | €96 | €81 | -€15 | -15.3% |
| Recurring financial charges | 65 | €96 | €81 | -€15 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €69,334 | -€19,384 | -€88,718 | |
| Profit (loss) for the period | 9904 | €69,334 | -€19,384 | -€88,718 | |
| Profit (loss) for the period to be appropriated | 9905 | €69,334 | -€19,384 | -€88,718 |
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 7 October 2026 via checked.be.