MGMK HOLDING: 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.
MGMK HOLDING
Largest movements
- Receivables within one year +€75,000
up €75,000 (+31.9%), from €235,068 to €310,068
of which Trade receivables: +€75,000
- Other debts +€150,000
up €150,000 (+250%), from €60,000 to €210,000
- Debts after one year -€53,845
down €53,845 (-9.6%), from €561,538 to €507,692
- Tax, wage and social debts -€20,246
down €20,246 (-38.4%), from €52,772 to €32,527
- Gross operating margin -€49,741
down €49,741 (-39.9%), from €124,675 to €74,934
- Taxes -€31,525
down €31,525 (-98.4%), from €32,025 to €500
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 | €978,256 | €1,055,164 | +€76,908 | +7.9% |
| Fixed assets | 21/28 | €736,568 | €736,568 | = | 0.0% |
| Financial fixed assets | 28 | €736,568 | €736,568 | = | 0.0% |
| Current assets | 29/58 | €241,688 | €318,595 | +€76,908 | +31.8% |
| Amounts receivable within one year | 40/41 | €235,068 | €310,068 | +€75,000 | +31.9% |
| Trade receivables | 40 | €125,000 | €200,000 | +€75,000 | +60.0% |
| Other amounts receivable | 41 | €110,068 | €110,068 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,620 | €8,527 | +€1,908 | +28.8% |
| Total equity and liabilities | 10/49 | €978,256 | €1,055,164 | +€76,908 | +7.9% |
| Equity | 10/15 | €249,643 | €250,642 | +€1,000 | +0.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | - | -€100,000 | |
| Issued capital | 100 | €100,000 | - | -€100,000 | |
| Reserves | 13 | €149,643 | €150,642 | +€1,000 | +0.7% |
| Distributable reserves | 133 | €149,643 | €150,642 | +€1,000 | +0.7% |
| Amounts payable | 17/49 | €728,613 | €804,521 | +€75,908 | +10.4% |
| Amounts payable after more than one year | 17 | €561,538 | €507,692 | -€53,845 | -9.6% |
| Financial debts | 170/4 | €561,538 | €507,692 | -€53,845 | -9.6% |
| Amounts payable within one year | 42/48 | €167,076 | €296,829 | +€129,753 | +77.7% |
| Current portion of amounts payable after more than one year | 42 | €53,846 | €53,845 | -€1 | 0.0% |
| Trade debts | 44 | €457 | €457 | = | 0.0% |
| Suppliers | 440/4 | €457 | €457 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €52,772 | €32,527 | -€20,246 | -38.4% |
| Taxes | 450/3 | €52,772 | €32,527 | -€20,246 | -38.4% |
| Other amounts payable | 47/48 | €60,000 | €210,000 | +€150,000 | +250% |
| Other operating charges | 640/8 | €968 | €654 | -€314 | -32.4% |
| Gross operating margin | 9900 | €124,675 | €74,934 | -€49,741 | -39.9% |
| Operating profit (loss) | 9901 | €123,707 | €74,281 | -€49,427 | -40.0% |
| Financial charges | 65/66B | €3,470 | €2,781 | -€689 | -19.9% |
| Recurring financial charges | 65 | €3,470 | €2,781 | -€689 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €120,237 | €71,500 | -€48,737 | -40.5% |
| Income taxes | 67/77 | €32,025 | €500 | -€31,525 | -98.4% |
| Profit (loss) for the period | 9904 | €88,212 | €71,000 | -€17,212 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,212 | €71,000 | -€17,212 | -19.5% |
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 26 October 2026 via checked.be.