MGP CONCEPT: 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.
MGP CONCEPT
Largest movements
- Cash +€37,039
up €37,039 (+24.6%), from €150,341 to €187,380
mainly Net result for the year (+€39,844) and Depreciation (+€24,047)
- Tangible fixed assets -€24,047
down €24,047 (-82.0%), from €29,309 to €5,262
of which Furniture and vehicles: -€23,766
- Receivables within one year +€9,167
up €9,167 (+8.5%), from €107,724 to €116,891
of which Other amounts receivable: +€5,843
- Reserves +€39,844
up €39,844 (+28.3%), from €140,659 to €180,503
of which Distributable reserves: +€39,844
- Current portion of long-term debt -€14,226
down €14,226 (-89.3%), from €15,921 to €1,696
- Turnover +€41,078
up €41,078 (+5.9%), from €694,465 to €735,543
- Purchases and services +€29,572
up €29,572 (+5.9%), from €504,685 to €534,256
- Write-downs +€11,605
new in 2025: €11,605
- Gross operating margin +€11,506
up €11,506 (+6.1%), from €189,781 to €201,287
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 | €289,859 | €312,953 | +€23,094 | +8.0% |
| Fixed assets | 21/28 | €31,794 | €7,747 | -€24,047 | -75.6% |
| Tangible fixed assets | 22/27 | €29,309 | €5,262 | -€24,047 | -82.0% |
| Plant, machinery and equipment | 23 | €1,381 | €1,100 | -€281 | -20.3% |
| Furniture and vehicles | 24 | €27,929 | €4,162 | -€23,766 | -85.1% |
| Financial fixed assets | 28 | €2,485 | €2,485 | = | 0.0% |
| Current assets | 29/58 | €258,065 | €305,206 | +€47,141 | +18.3% |
| Amounts receivable within one year | 40/41 | €107,724 | €116,891 | +€9,167 | +8.5% |
| Trade receivables | 40 | €82,564 | €85,888 | +€3,324 | +4.0% |
| Other amounts receivable | 41 | €25,161 | €31,003 | +€5,843 | +23.2% |
| Cash at bank and in hand | 54/58 | €150,341 | €187,380 | +€37,039 | +24.6% |
| Deferred charges and accrued income | 490/1 | - | €935 | +€935 | |
| Total equity and liabilities | 10/49 | €289,859 | €312,953 | +€23,094 | +8.0% |
| Equity | 10/15 | €246,872 | €286,716 | +€39,844 | +16.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €140,659 | €180,503 | +€39,844 | +28.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €138,659 | €178,503 | +€39,844 | +28.7% |
| Profit (loss) carried forward | 14 | €86,213 | €86,213 | = | 0.0% |
| Amounts payable | 17/49 | €42,988 | €26,237 | -€16,750 | -39.0% |
| Amounts payable after more than one year | 17 | €1,696 | - | -€1,696 | |
| Financial debts | 170/4 | €1,696 | - | -€1,696 | |
| Amounts payable within one year | 42/48 | €41,271 | €26,237 | -€15,034 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €15,921 | €1,696 | -€14,226 | -89.3% |
| Trade debts | 44 | €6,437 | €6,720 | +€284 | +4.4% |
| Suppliers | 440/4 | €6,437 | €6,720 | +€284 | +4.4% |
| Taxes, remuneration and social security | 45 | €18,548 | €17,522 | -€1,026 | -5.5% |
| Taxes | 450/3 | €6,457 | €12,318 | +€5,860 | +90.8% |
| Remuneration and social security | 454/9 | €12,091 | €5,205 | -€6,886 | -57.0% |
| Other amounts payable | 47/48 | €365 | €299 | -€66 | -18.1% |
| Accrued charges and deferred income | 492/3 | €21 | - | -€21 | |
| Turnover | 70 | €694,465 | €735,543 | +€41,078 | +5.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €504,685 | €534,256 | +€29,572 | +5.9% |
| Remuneration, social security and pensions | 62 | €104,799 | €107,683 | +€2,885 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,181 | €24,047 | -€2,134 | -8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,605 | +€11,605 | |
| Other operating charges | 640/8 | €2,070 | €1,953 | -€117 | -5.6% |
| Gross operating margin | 9900 | €189,781 | €201,287 | +€11,506 | +6.1% |
| Operating profit (loss) | 9901 | €56,731 | €55,998 | -€733 | -1.3% |
| Financial income | 75/76B | €74 | €211 | +€137 | +186% |
| Recurring financial income | 75 | €74 | €211 | +€137 | +186% |
| Financial charges | 65/66B | €683 | €501 | -€182 | -26.7% |
| Recurring financial charges | 65 | €683 | €501 | -€182 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €56,122 | €55,708 | -€414 | -0.7% |
| Income taxes | 67/77 | €15,735 | €15,864 | +€129 | +0.8% |
| Profit (loss) for the period | 9904 | €40,387 | €39,844 | -€543 | -1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,387 | €39,844 | -€543 | -1.3% |
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 14 October 2026 via checked.be.