"MGP 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.
"MGP CONSTRUCT"
Largest movements
- Receivables within one year -€59,497
down €59,497 (-62.5%), from €95,159 to €35,662
of which Trade receivables: -€48,049
- Cash +€14,701
up €14,701 (+237.2%), from €6,198 to €20,899
mainly Receivables within one year (+€59,497) and Depreciation (+€5,893)
- Tangible fixed assets -€5,893
down €5,893 (-32.4%), from €18,165 to €12,272
of which Plant, machinery and equipment: -€3,578
- Financial fixed assets -€1,993
down €1,993 (-94.2%), from €2,116 to €123
- Trade debts -€43,372
down €43,372 (-70.8%), from €61,267 to €17,894
- Tax, wage and social debts -€10,160
no longer reported in 2025 (was €10,160)
of which Remuneration and social security: -€6,125
- Profit (loss) carried forward +€4,884
up €4,884 (+10.3%), from €47,371 to €52,256
- Current portion of long-term debt -€2,948
no longer reported in 2025 (was €2,948)
- Gross operating margin -€67,413
down €67,413 (-71.9%), from €93,807 to €26,394
- Staff costs -€59,497
down €59,497 (-82.3%), from €72,258 to €12,761
- Taxes -€1,855
down €1,855 (-49.5%), from €3,750 to €1,895
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 | €122,203 | €70,150 | -€52,053 | -42.6% |
| Fixed assets | 21/28 | €20,281 | €12,395 | -€7,886 | -38.9% |
| Tangible fixed assets | 22/27 | €18,165 | €12,272 | -€5,893 | -32.4% |
| Plant, machinery and equipment | 23 | €9,517 | €5,939 | -€3,578 | -37.6% |
| Furniture and vehicles | 24 | €8,648 | €6,333 | -€2,315 | -26.8% |
| Financial fixed assets | 28 | €2,116 | €123 | -€1,993 | -94.2% |
| Current assets | 29/58 | €101,922 | €57,755 | -€44,167 | -43.3% |
| Amounts receivable within one year | 40/41 | €95,159 | €35,662 | -€59,497 | -62.5% |
| Trade receivables | 40 | €76,067 | €28,018 | -€48,049 | -63.2% |
| Other amounts receivable | 41 | €19,093 | €7,645 | -€11,448 | -60.0% |
| Cash at bank and in hand | 54/58 | €6,198 | €20,899 | +€14,701 | +237.2% |
| Deferred charges and accrued income | 490/1 | €565 | €1,193 | +€629 | +111.3% |
| Total equity and liabilities | 10/49 | €122,203 | €70,150 | -€52,053 | -42.6% |
| Equity | 10/15 | €47,371 | €52,256 | +€4,884 | +10.3% |
| Profit (loss) carried forward | 14 | €47,371 | €52,256 | +€4,884 | +10.3% |
| Amounts payable | 17/49 | €74,832 | €17,894 | -€56,938 | -76.1% |
| Amounts payable within one year | 42/48 | €74,374 | €17,894 | -€56,480 | -75.9% |
| Current portion of amounts payable after more than one year | 42 | €2,948 | - | -€2,948 | |
| Trade debts | 44 | €61,267 | €17,894 | -€43,372 | -70.8% |
| Suppliers | 440/4 | €61,267 | €17,894 | -€43,372 | -70.8% |
| Taxes, remuneration and social security | 45 | €10,160 | - | -€10,160 | |
| Taxes | 450/3 | €4,035 | - | -€4,035 | |
| Remuneration and social security | 454/9 | €6,125 | - | -€6,125 | |
| Accrued charges and deferred income | 492/3 | €458 | - | -€458 | |
| Remuneration, social security and pensions | 62 | €72,258 | €12,761 | -€59,497 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,308 | €5,893 | +€585 | +11.0% |
| Other operating charges | 640/8 | €731 | €682 | -€49 | -6.8% |
| Gross operating margin | 9900 | €93,807 | €26,394 | -€67,413 | -71.9% |
| Operating profit (loss) | 9901 | €15,510 | €7,059 | -€8,451 | -54.5% |
| Financial income | 75/76B | €65 | - | -€65 | |
| Recurring financial income | 75 | €65 | - | -€65 | |
| Financial charges | 65/66B | €593 | €280 | -€313 | -52.8% |
| Recurring financial charges | 65 | €593 | €280 | -€313 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €14,982 | €6,779 | -€8,203 | -54.8% |
| Income taxes | 67/77 | €3,750 | €1,895 | -€1,855 | -49.5% |
| Profit (loss) for the period | 9904 | €11,232 | €4,884 | -€6,348 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,232 | €4,884 | -€6,348 | -56.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.