MGM999: 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.
MGM999
Largest movements
- Receivables within one year +€21,733
up €21,733 (+1,365%), from €1,592 to €23,324
of which Trade receivables: +€23,324
- Cash +€3,681
new in 2025: €3,681
mainly Net result for the year (+€16,101) and Tax, wage and social debts (+€6,037)
- Stocks and contracts -€1,120
down €1,120 (-77.2%), from €1,451 to €331
- Tangible fixed assets -€1,007
down €1,007 (-35.8%), from €2,816 to €1,808
- Deferred charges and accrued income -€516
down €516 (-76.9%), from €671 to €155
- Profit (loss) carried forward +€16,101
up €16,101 (+330%), from €4,885 to €20,985
- Tax, wage and social debts +€6,037
up €6,037 (+494%), from €1,221 to €7,258
of which Remuneration and social security: +€3,109
- Trade debts +€733
up €733 (+173%), from €423 to €1,156
- Gross operating margin +€24,197
up €24,197 (+282%), from €8,575 to €32,771
- Staff costs +€10,593
new in 2025: €10,593
- Taxes +€2,918
up €2,918 (+239%), from €1,221 to €4,140
- Depreciation -€1,338
down €1,338 (-57.0%), from €2,345 to €1,007
- Other operating charges +€647
new in 2025: €647
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 | €6,529 | €29,399 | +€22,870 | +350% |
| Fixed assets | 21/28 | €2,816 | €1,908 | -€907 | -32.2% |
| Tangible fixed assets | 22/27 | €2,816 | €1,808 | -€1,007 | -35.8% |
| Furniture and vehicles | 24 | €2,816 | €1,808 | -€1,007 | -35.8% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €3,713 | €27,491 | +€23,778 | +640% |
| Stocks and contracts in progress | 3 | €1,451 | €331 | -€1,120 | -77.2% |
| Stocks | 30/36 | €1,451 | €331 | -€1,120 | -77.2% |
| Amounts receivable within one year | 40/41 | €1,592 | €23,324 | +€21,733 | +1,365% |
| Trade receivables | 40 | - | €23,324 | +€23,324 | |
| Other amounts receivable | 41 | €1,592 | - | -€1,592 | |
| Cash at bank and in hand | 54/58 | - | €3,681 | +€3,681 | |
| Deferred charges and accrued income | 490/1 | €671 | €155 | -€516 | -76.9% |
| Total equity and liabilities | 10/49 | €6,529 | €29,399 | +€22,870 | +350% |
| Equity | 10/15 | €4,885 | €20,985 | +€16,101 | +330% |
| Profit (loss) carried forward | 14 | €4,885 | €20,985 | +€16,101 | +330% |
| Amounts payable | 17/49 | €1,644 | €8,414 | +€6,770 | +412% |
| Amounts payable within one year | 42/48 | €1,644 | €8,414 | +€6,770 | +412% |
| Trade debts | 44 | €423 | €1,156 | +€733 | +173% |
| Suppliers | 440/4 | €423 | €1,156 | +€733 | +173% |
| Taxes, remuneration and social security | 45 | €1,221 | €7,258 | +€6,037 | +494% |
| Taxes | 450/3 | €1,221 | €4,149 | +€2,927 | +240% |
| Remuneration and social security | 454/9 | - | €3,109 | +€3,109 | |
| Remuneration, social security and pensions | 62 | - | €10,593 | +€10,593 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,345 | €1,007 | -€1,338 | -57.0% |
| Other operating charges | 640/8 | - | €647 | +€647 | |
| Gross operating margin | 9900 | €8,575 | €32,771 | +€24,197 | +282% |
| Operating profit (loss) | 9901 | €6,230 | €20,524 | +€14,294 | +229% |
| Financial charges | 65/66B | €124 | €284 | +€160 | +129% |
| Recurring financial charges | 65 | €124 | €284 | +€160 | +129% |
| Profit (loss) for the period before taxes | 9903 | €6,106 | €20,240 | +€14,134 | +231% |
| Income taxes | 67/77 | €1,221 | €4,140 | +€2,918 | +239% |
| Profit (loss) for the period | 9904 | €4,885 | €16,101 | +€11,216 | +230% |
| Profit (loss) for the period to be appropriated | 9905 | €4,885 | €16,101 | +€11,216 | +230% |
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 23 October 2026 via checked.be.