MGM Event: 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 Event
Largest movements
- Receivables within one year +€52,915
up €52,915 (+133.2%), from €39,714 to €92,629
of which Trade receivables: +€51,996
- Tangible fixed assets -€14,079
down €14,079 (-46.2%), from €30,472 to €16,393
of which Furniture and vehicles: -€13,072
- Cash -€12,716
down €12,716 (-68.5%), from €18,569 to €5,853
mainly Receivables within one year (-€52,915) and Other debts (-€10,490)
- Stocks and contracts -€4,667
down €4,667 (-32.4%), from €14,412 to €9,745
- Current investments +€3,993
up €3,993 (+14.9%), from €26,759 to €30,752
- Trade debts +€20,890
up €20,890 (+307.3%), from €6,798 to €27,688
- Profit (loss) carried forward +€14,789
up €14,789 (+89.6%), from -€16,513 to -€1,724
- Other debts -€10,490
down €10,490 (-67.8%), from €15,475 to €4,985
- Tax, wage and social debts -€9,260
down €9,260 (-31.3%), from €29,598 to €20,338
of which Remuneration and social security: -€7,579
- Current portion of long-term debt +€8,470
up €8,470 (+196.9%), from €4,302 to €12,772
- Gross operating margin +€11,253
up €11,253 (+8.0%), from €140,288 to €151,541
- Staff costs -€9,443
down €9,443 (-7.4%), from €126,917 to €117,474
- Financial charges -€7,560
down €7,560 (-88.7%), from €8,520 to €960
- Taxes +€2,798
up €2,798 (+184.5%), from €1,517 to €4,315
- Financial income -€1,794
down €1,794 (-49.5%), from €3,628 to €1,834
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 | €144,016 | €167,309 | +€23,293 | +16.2% |
| Fixed assets | 21/28 | €30,562 | €16,483 | -€14,079 | -46.1% |
| Tangible fixed assets | 22/27 | €30,472 | €16,393 | -€14,079 | -46.2% |
| Furniture and vehicles | 24 | €21,849 | €8,777 | -€13,072 | -59.8% |
| Leasing and similar rights | 25 | €8,623 | €7,616 | -€1,007 | -11.7% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €113,454 | €150,826 | +€37,372 | +32.9% |
| Amounts receivable after more than one year | 29 | €12,566 | €10,566 | -€2,000 | -15.9% |
| Other amounts receivable | 291 | €12,566 | €10,566 | -€2,000 | -15.9% |
| Stocks and contracts in progress | 3 | €14,412 | €9,745 | -€4,667 | -32.4% |
| Stocks | 30/36 | €14,412 | €9,745 | -€4,667 | -32.4% |
| Amounts receivable within one year | 40/41 | €39,714 | €92,629 | +€52,915 | +133.2% |
| Trade receivables | 40 | €18,466 | €70,462 | +€51,996 | +281.6% |
| Other amounts receivable | 41 | €21,248 | €22,167 | +€919 | +4.3% |
| Current investments | 50/53 | €26,759 | €30,752 | +€3,993 | +14.9% |
| Cash at bank and in hand | 54/58 | €18,569 | €5,853 | -€12,716 | -68.5% |
| Deferred charges and accrued income | 490/1 | €1,434 | €1,281 | -€153 | -10.7% |
| Total equity and liabilities | 10/49 | €144,016 | €167,309 | +€23,293 | +16.2% |
| Equity | 10/15 | €86,738 | €101,527 | +€14,789 | +17.0% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Reserves | 13 | €82,846 | €82,846 | -€0 | 0.0% |
| Distributable reserves | 133 | €82,846 | €82,846 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€16,513 | -€1,724 | +€14,789 | +89.6% |
| Amounts payable | 17/49 | €57,278 | €65,783 | +€8,505 | +14.8% |
| Amounts payable after more than one year | 17 | €1,105 | - | -€1,105 | |
| Financial debts | 170/4 | €1,105 | - | -€1,105 | |
| Amounts payable within one year | 42/48 | €56,173 | €65,783 | +€9,610 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €4,302 | €12,772 | +€8,470 | +196.9% |
| Trade debts | 44 | €6,798 | €27,688 | +€20,890 | +307.3% |
| Suppliers | 440/4 | €6,798 | €27,688 | +€20,890 | +307.3% |
| Taxes, remuneration and social security | 45 | €29,598 | €20,338 | -€9,260 | -31.3% |
| Taxes | 450/3 | €12,022 | €10,341 | -€1,681 | -14.0% |
| Remuneration and social security | 454/9 | €17,576 | €9,997 | -€7,579 | -43.1% |
| Other amounts payable | 47/48 | €15,475 | €4,985 | -€10,490 | -67.8% |
| Remuneration, social security and pensions | 62 | €126,917 | €117,474 | -€9,443 | -7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,274 | €14,079 | -€1,196 | -7.8% |
| Other operating charges | 640/8 | €387 | €1,759 | +€1,372 | +354.5% |
| Gross operating margin | 9900 | €140,288 | €151,541 | +€11,253 | +8.0% |
| Operating profit (loss) | 9901 | -€2,290 | €18,230 | +€20,520 | |
| Financial income | 75/76B | €3,628 | €1,834 | -€1,794 | -49.5% |
| Recurring financial income | 75 | €3,628 | €1,834 | -€1,794 | -49.5% |
| Financial charges | 65/66B | €8,520 | €960 | -€7,560 | -88.7% |
| Recurring financial charges | 65 | €8,520 | €960 | -€7,560 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,182 | €19,104 | +€26,286 | |
| Income taxes | 67/77 | €1,517 | €4,315 | +€2,798 | +184.5% |
| Profit (loss) for the period | 9904 | -€8,699 | €14,789 | +€23,488 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,699 | €14,789 | +€23,488 |
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.