MGM FOOD: what changed
MGM FOOD
Largest movements
- Cash +€8,023
up €8,023 (+1,810%), from €443 to €8,466
mainly Other debts (+€23,753) and Tax, wage and social debts (+€9,139)
- Receivables within one year -€6,820
down €6,820 (-79.5%), from €8,575 to €1,755
of which Other amounts receivable: -€8,542
- Tangible fixed assets -€1,545
down €1,545 (-28.4%), from €5,437 to €3,892
- Deferred charges and accrued income +€758
new in 2023: €758
- Other debts +€23,753
up €23,753 (+61.1%), from €38,890 to €62,643
- Profit (loss) carried forward -€21,839
down €21,839 (-45.0%), from -€48,567 to -€70,406
- Trade debts -€10,637
down €10,637 (-38.7%), from €27,502 to €16,864
- Tax, wage and social debts +€9,139
up €9,139 (+4,557%), from €201 to €9,339
- Turnover +€66,749
new in 2023: €66,749
- Gross operating margin +€50,676
up €50,676, from -€47,816 to €2,860
- Staff costs +€22,526
new in 2023: €22,526
- Purchases and services +€16,073
up €16,073 (+33.6%), from €47,816 to €63,889
- Depreciation +€802
up €802 (+108%), from €743 to €1,545
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,026 | €26,441 | +€415 | +1.6% |
| Formation expenses | 20 | €11,570 | €11,570 | = | 0.0% |
| Fixed assets | 21/28 | €5,437 | €3,892 | -€1,545 | -28.4% |
| Tangible fixed assets | 22/27 | €5,437 | €3,892 | -€1,545 | -28.4% |
| Plant, machinery and equipment | 23 | €5,437 | €3,892 | -€1,545 | -28.4% |
| Current assets | 29/58 | €9,019 | €10,979 | +€1,960 | +21.7% |
| Amounts receivable within one year | 40/41 | €8,575 | €1,755 | -€6,820 | -79.5% |
| Trade receivables | 40 | - | €1,722 | +€1,722 | |
| Other amounts receivable | 41 | €8,575 | €34 | -€8,542 | -99.6% |
| Cash at bank and in hand | 54/58 | €443 | €8,466 | +€8,023 | +1,810% |
| Deferred charges and accrued income | 490/1 | - | €758 | +€758 | |
| Total equity and liabilities | 10/49 | €26,026 | €26,441 | +€415 | +1.6% |
| Equity | 10/15 | -€40,567 | -€62,406 | -€21,839 | -53.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Contributions outside capital | 11 | €8,000 | €8,000 | = | 0.0% |
| Share premium | 1100/10 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,567 | -€70,406 | -€21,839 | -45.0% |
| Amounts payable | 17/49 | €66,592 | €88,846 | +€22,254 | +33.4% |
| Amounts payable within one year | 42/48 | €66,592 | €88,846 | +€22,254 | +33.4% |
| Trade debts | 44 | €27,502 | €16,864 | -€10,637 | -38.7% |
| Suppliers | 440/4 | €27,502 | €16,864 | -€10,637 | -38.7% |
| Taxes, remuneration and social security | 45 | €201 | €9,339 | +€9,139 | +4,557% |
| Taxes | 450/3 | €201 | €9,339 | +€9,139 | +4,557% |
| Other amounts payable | 47/48 | €38,890 | €62,643 | +€23,753 | +61.1% |
| Turnover | 70 | - | €66,749 | +€66,749 | |
| Goods, raw materials, services and sundry goods | 60/61 | €47,816 | €63,889 | +€16,073 | +33.6% |
| Remuneration, social security and pensions | 62 | - | €22,526 | +€22,526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €743 | €1,545 | +€802 | +108% |
| Other operating charges | 640/8 | - | €229 | +€229 | |
| Gross operating margin | 9900 | -€47,816 | €2,860 | +€50,676 | |
| Operating profit (loss) | 9901 | -€48,559 | -€21,440 | +€27,119 | +55.8% |
| Financial charges | 65/66B | €7 | €399 | +€392 | +5,285% |
| Recurring financial charges | 65 | €7 | €399 | +€392 | +5,285% |
| Profit (loss) for the period before taxes | 9903 | -€48,567 | -€21,839 | +€26,728 | +55.0% |
| Profit (loss) for the period | 9904 | -€48,567 | -€21,839 | +€26,728 | +55.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,567 | -€21,839 | +€26,728 | +55.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.