MGP RENOV: what changed
MGP RENOV
Largest movements
- Stocks and contracts +€3,280
up €3,280, from €0 to €3,280
- Receivables within one year -€2,747
down €2,747 (-60.0%), from €4,580 to €1,833
of which Trade receivables: -€3,800
- Cash +€2,688
up €2,688 (+321%), from €838 to €3,525
mainly Receivables within one year (+€2,747) and Net result for the year (+€2,496)
- Tangible fixed assets +€1,026
up €1,026 (+39.4%), from €2,604 to €3,629
of which Plant, machinery and equipment: +€1,698
- Profit (loss) carried forward +€2,496
up €2,496 (+1,569%), from €159 to €2,655
- Tax, wage and social debts +€964
up €964 (+706%), from €137 to €1,101
- Trade debts +€870
up €870 (+162%), from €536 to €1,405
- Gross operating margin +€2,114
up €2,114 (+77.0%), from €2,747 to €4,860
- Depreciation +€871
up €871 (+1,009%), from €86 to €958
- Taxes +€827
up €827 (+606%), from €137 to €964
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,602 | €12,880 | +€4,278 | +49.7% |
| Fixed assets | 21/28 | €2,604 | €3,629 | +€1,026 | +39.4% |
| Tangible fixed assets | 22/27 | €2,604 | €3,629 | +€1,026 | +39.4% |
| Plant, machinery and equipment | 23 | - | €1,698 | +€1,698 | |
| Furniture and vehicles | 24 | €2,604 | €1,931 | -€673 | -25.8% |
| Current assets | 29/58 | €5,998 | €9,251 | +€3,253 | +54.2% |
| Stocks and contracts in progress | 3 | €0 | €3,280 | +€3,280 | |
| Stocks | 30/36 | €0 | €3,280 | +€3,280 | |
| Amounts receivable within one year | 40/41 | €4,580 | €1,833 | -€2,747 | -60.0% |
| Trade receivables | 40 | €3,800 | €0 | -€3,800 | -100% |
| Other amounts receivable | 41 | €780 | €1,833 | +€1,053 | +135% |
| Cash at bank and in hand | 54/58 | €838 | €3,525 | +€2,688 | +321% |
| Deferred charges and accrued income | 490/1 | €580 | €612 | +€32 | +5.5% |
| Total equity and liabilities | 10/49 | €8,602 | €12,880 | +€4,278 | +49.7% |
| Equity | 10/15 | €2,159 | €4,655 | +€2,496 | +116% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159 | €2,655 | +€2,496 | +1,569% |
| Amounts payable | 17/49 | €6,443 | €8,226 | +€1,783 | +27.7% |
| Amounts payable within one year | 42/48 | €6,443 | €8,226 | +€1,783 | +27.7% |
| Trade debts | 44 | €536 | €1,405 | +€870 | +162% |
| Suppliers | 440/4 | €536 | €1,405 | +€870 | +162% |
| Taxes, remuneration and social security | 45 | €137 | €1,101 | +€964 | +706% |
| Taxes | 450/3 | €137 | €1,101 | +€964 | +706% |
| Other amounts payable | 47/48 | €5,771 | €5,720 | -€51 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86 | €958 | +€871 | +1,009% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,747 | €4,860 | +€2,114 | +77.0% |
| Operating profit (loss) | 9901 | €2,273 | €3,503 | +€1,230 | +54.1% |
| Financial charges | 65/66B | €44 | €43 | -€1 | -2.6% |
| Recurring financial charges | 65 | €44 | €43 | -€1 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €2,229 | €3,460 | +€1,231 | +55.2% |
| Income taxes | 67/77 | €137 | €964 | +€827 | +606% |
| Profit (loss) for the period | 9904 | €2,092 | €2,496 | +€404 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,092 | €2,496 | +€404 | +19.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.