MGN CONSTRUCT: 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.
MGN CONSTRUCT
Largest movements
- Tangible fixed assets +€157,162
up €157,162 (+41.9%), from €375,132 to €532,294
of which Land and buildings: +€157,842
- Receivables within one year -€36,065
down €36,065 (-31.2%), from €115,769 to €79,704
of which Trade receivables: -€36,824
- Cash -€33,323
down €33,323 (-9.0%), from €368,393 to €335,070
mainly Tax, wage and social debts (-€209,786) and Investment in fixed assets (net) (-€173,037)
- Reserves +€292,000
up €292,000 (+26.3%), from €1.1m to €1.4m
- Tax, wage and social debts -€209,786
down €209,786 (-76.9%), from €272,819 to €63,033
- Gross operating margin -€301,706
down €301,706 (-40.6%), from €742,848 to €441,142
- Taxes -€85,402
down €85,402 (-39.1%), from €218,237 to €132,835
- Depreciation -€29,487
down €29,487 (-65.0%), from €45,363 to €15,876
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 | €1,398,583 | €1,482,432 | +€83,848 | +6.0% |
| Fixed assets | 21/28 | €376,032 | €533,194 | +€157,162 | +41.8% |
| Tangible fixed assets | 22/27 | €375,132 | €532,294 | +€157,162 | +41.9% |
| Land and buildings | 22 | €371,885 | €529,727 | +€157,842 | +42.4% |
| Furniture and vehicles | 24 | €3,248 | €2,567 | -€681 | -21.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €1,022,551 | €949,238 | -€73,313 | -7.2% |
| Amounts receivable within one year | 40/41 | €115,769 | €79,704 | -€36,065 | -31.2% |
| Trade receivables | 40 | €106,371 | €69,547 | -€36,824 | -34.6% |
| Other amounts receivable | 41 | €9,399 | €10,158 | +€759 | +8.1% |
| Current investments | 50/53 | €502,139 | €505,742 | +€3,604 | +0.7% |
| Cash at bank and in hand | 54/58 | €368,393 | €335,070 | -€33,323 | -9.0% |
| Deferred charges and accrued income | 490/1 | €36,250 | €28,721 | -€7,529 | -20.8% |
| Total equity and liabilities | 10/49 | €1,398,583 | €1,482,432 | +€83,848 | +6.0% |
| Equity | 10/15 | €1,119,153 | €1,413,637 | +€294,484 | +26.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,112,000 | €1,404,000 | +€292,000 | +26.3% |
| Distributable reserves | 133 | €1,112,000 | €1,404,000 | +€292,000 | +26.3% |
| Profit (loss) carried forward | 14 | €4,153 | €6,637 | +€2,484 | +59.8% |
| Amounts payable | 17/49 | €279,430 | €68,795 | -€210,636 | -75.4% |
| Amounts payable after more than one year | 17 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 178/9 | €3,500 | €3,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €275,930 | €65,295 | -€210,636 | -76.3% |
| Financial debts | 43 | €168 | - | -€168 | |
| Credit institutions | 430/8 | €168 | - | -€168 | |
| Trade debts | 44 | €2,944 | €2,262 | -€681 | -23.1% |
| Suppliers | 440/4 | €2,944 | €2,262 | -€681 | -23.1% |
| Taxes, remuneration and social security | 45 | €272,819 | €63,033 | -€209,786 | -76.9% |
| Taxes | 450/3 | €272,819 | €63,033 | -€209,786 | -76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,363 | €15,876 | -€29,487 | -65.0% |
| Other operating charges | 640/8 | €8,708 | €2,747 | -€5,961 | -68.5% |
| Gross operating margin | 9900 | €742,848 | €441,142 | -€301,706 | -40.6% |
| Operating profit (loss) | 9901 | €688,776 | €422,519 | -€266,258 | -38.7% |
| Financial income | 75/76B | €3,130 | €4,832 | +€1,701 | +54.3% |
| Recurring financial income | 75 | €3,130 | €4,832 | +€1,701 | +54.3% |
| Financial charges | 65/66B | €595 | €32 | -€563 | -94.7% |
| Recurring financial charges | 65 | €595 | €32 | -€563 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | €691,312 | €427,319 | -€263,994 | -38.2% |
| Income taxes | 67/77 | €218,237 | €132,835 | -€85,402 | -39.1% |
| Profit (loss) for the period | 9904 | €473,076 | €294,484 | -€178,592 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €473,076 | €294,484 | -€178,592 | -37.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.