MGM MANAGEMENT: what changed
Two financial 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 MANAGEMENT
Largest movements
- Receivables within one year -€16,061
down €16,061 (-100%), from €16,061 to €0
- Cash +€15,236
up €15,236 (+2,461%), from €619 to €15,855
mainly Receivables within one year (+€16,061) and Other debts (+€10,893)
- Intangible fixed assets -€2,144
down €2,144 (-22.3%), from €9,632 to €7,489
- Deferred charges and accrued income +€1,344
up €1,344 (+204%), from €659 to €2,002
- Tangible fixed assets +€815
up €815 (+75.2%), from €1,085 to €1,900
- Tax, wage and social debts -€11,189
down €11,189 (-75.0%), from €14,910 to €3,721
of which Taxes: -€7,589
- Other debts +€10,893
up €10,893 (+205%), from €5,309 to €16,202
- Trade debts -€2,029
down €2,029 (-54.7%), from €3,707 to €1,679
- Profit (loss) carried forward +€1,515
up €1,515 (+1,164%), from €130 to €1,645
- Gross operating margin +€9,342
up €9,342 (+202%), from €4,615 to €13,957
- Taxes -€4,091
down €4,091, from €3,500 to -€591
- Depreciation +€434
up €434 (+13.3%), from €3,262 to €3,696
- Financial charges -€172
down €172 (-17.0%), from €1,012 to €840
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.
Derived cash bridge
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 | €28,056 | €27,246 | -€810 | -2.9% |
| Fixed assets | 21/28 | €10,717 | €9,389 | -€1,328 | -12.4% |
| Intangible fixed assets | 21 | €9,632 | €7,489 | -€2,144 | -22.3% |
| Tangible fixed assets | 22/27 | €1,085 | €1,900 | +€815 | +75.2% |
| Furniture and vehicles | 24 | €1,085 | €1,900 | +€815 | +75.2% |
| Current assets | 29/58 | €17,339 | €17,857 | +€519 | +3.0% |
| Amounts receivable within one year | 40/41 | €16,061 | €0 | -€16,061 | -100% |
| Trade receivables | 40 | €16,061 | €0 | -€16,061 | -100% |
| Cash at bank and in hand | 54/58 | €619 | €15,855 | +€15,236 | +2,461% |
| Deferred charges and accrued income | 490/1 | €659 | €2,002 | +€1,344 | +204% |
| Total equity and liabilities | 10/49 | €28,056 | €27,246 | -€810 | -2.9% |
| Equity | 10/15 | €4,130 | €5,645 | +€1,515 | +36.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130 | €1,645 | +€1,515 | +1,164% |
| Amounts payable | 17/49 | €23,926 | €21,601 | -€2,325 | -9.7% |
| Amounts payable within one year | 42/48 | €23,926 | €21,601 | -€2,325 | -9.7% |
| Trade debts | 44 | €3,707 | €1,679 | -€2,029 | -54.7% |
| Suppliers | 440/4 | €3,707 | €1,679 | -€2,029 | -54.7% |
| Taxes, remuneration and social security | 45 | €14,910 | €3,721 | -€11,189 | -75.0% |
| Taxes | 450/3 | €11,310 | €3,721 | -€7,589 | -67.1% |
| Remuneration and social security | 454/9 | €3,600 | - | -€3,600 | |
| Other amounts payable | 47/48 | €5,309 | €16,202 | +€10,893 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,262 | €3,696 | +€434 | +13.3% |
| Other operating charges | 640/8 | €617 | €498 | -€119 | -19.2% |
| Gross operating margin | 9900 | €4,615 | €13,957 | +€9,342 | +202% |
| Operating profit (loss) | 9901 | €736 | €9,763 | +€9,027 | +1,226% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,012 | €840 | -€172 | -17.0% |
| Recurring financial charges | 65 | €1,012 | €840 | -€172 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€276 | €8,924 | +€9,200 | |
| Income taxes | 67/77 | €3,500 | -€591 | -€4,091 | |
| Profit (loss) for the period | 9904 | -€3,776 | €9,515 | +€13,291 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,776 | €9,515 | +€13,291 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.