MGNEERING: 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.
MGNEERING
Largest movements
- Cash +€36,527
up €36,527 (+86.4%), from €42,284 to €78,811
mainly Net result for the year (+€37,774) and Tax, wage and social debts (+€4,373)
- Receivables within one year +€6,529
up €6,529 (+57.1%), from €11,432 to €17,961
- Tangible fixed assets +€1,646
up €1,646 (+259%), from €636 to €2,283
of which Plant, machinery and equipment: +€1,953
- Reserves +€37,774
up €37,774 (+150%), from €25,115 to €62,889
- Tax, wage and social debts +€4,373
up €4,373 (+19.8%), from €22,062 to €26,436
- Trade debts +€2,538
up €2,538 (+1,342%), from €189 to €2,727
- Gross operating margin +€17,866
up €17,866 (+48.5%), from €36,801 to €54,667
- Taxes +€4,745
up €4,745 (+44.7%), from €10,624 to €15,369
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 | €55,523 | €101,068 | +€45,545 | +82.0% |
| Fixed assets | 21/28 | €636 | €2,283 | +€1,646 | +259% |
| Tangible fixed assets | 22/27 | €636 | €2,283 | +€1,646 | +259% |
| Plant, machinery and equipment | 23 | - | €1,953 | +€1,953 | |
| Furniture and vehicles | 24 | €636 | €330 | -€307 | -48.2% |
| Current assets | 29/58 | €54,887 | €98,785 | +€43,898 | +80.0% |
| Amounts receivable within one year | 40/41 | €11,432 | €17,961 | +€6,529 | +57.1% |
| Trade receivables | 40 | €11,432 | €17,961 | +€6,529 | +57.1% |
| Cash at bank and in hand | 54/58 | €42,284 | €78,811 | +€36,527 | +86.4% |
| Deferred charges and accrued income | 490/1 | €1,170 | €2,013 | +€843 | +72.1% |
| Total equity and liabilities | 10/49 | €55,523 | €101,068 | +€45,545 | +82.0% |
| Equity | 10/15 | €28,115 | €65,889 | +€37,774 | +134% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,115 | €62,889 | +€37,774 | +150% |
| Distributable reserves | 133 | €25,115 | €62,889 | +€37,774 | +150% |
| Amounts payable | 17/49 | €27,408 | €35,178 | +€7,771 | +28.4% |
| Amounts payable within one year | 42/48 | €27,408 | €35,178 | +€7,771 | +28.4% |
| Trade debts | 44 | €189 | €2,727 | +€2,538 | +1,342% |
| Suppliers | 440/4 | €189 | €2,727 | +€2,538 | +1,342% |
| Taxes, remuneration and social security | 45 | €22,062 | €26,436 | +€4,373 | +19.8% |
| Taxes | 450/3 | €22,062 | €26,436 | +€4,373 | +19.8% |
| Other amounts payable | 47/48 | €5,156 | €6,015 | +€859 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284 | €631 | +€347 | +122% |
| Other operating charges | 640/8 | €775 | €706 | -€68 | -8.8% |
| Gross operating margin | 9900 | €36,801 | €54,667 | +€17,866 | +48.5% |
| Operating profit (loss) | 9901 | €35,742 | €53,329 | +€17,587 | +49.2% |
| Financial charges | 65/66B | €3 | €187 | +€183 | +5,506% |
| Recurring financial charges | 65 | €3 | €187 | +€183 | +5,506% |
| Profit (loss) for the period before taxes | 9903 | €35,739 | €53,143 | +€17,404 | +48.7% |
| Income taxes | 67/77 | €10,624 | €15,369 | +€4,745 | +44.7% |
| Profit (loss) for the period | 9904 | €25,115 | €37,774 | +€12,659 | +50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,115 | €37,774 | +€12,659 | +50.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.