MGplus: 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.
MGplus
Largest movements
- Cash +€41,601
up €41,601 (+292.1%), from €14,240 to €55,841
mainly Net result for the year (+€33,100) and Other debts (+€32,051)
- Receivables within one year -€11,566
down €11,566 (-49.3%), from €23,456 to €11,890
- Tangible fixed assets -€4,039
down €4,039 (-31.4%), from €12,879 to €8,840
- Other debts +€32,051
up €32,051 (+806.2%), from €3,976 to €36,027
- Tax, wage and social debts -€11,316
down €11,316 (-76.4%), from €14,806 to €3,489
- Trade debts +€6,730
up €6,730 (+909.4%), from €740 to €7,470
- Reserves -€1,150
down €1,150 (-3.7%), from €31,446 to €30,296
- Taxes -€7,956
down €7,956 (-83.8%), from €9,491 to €1,535
- Gross operating margin -€5,582
down €5,582 (-12.3%), from €45,503 to €39,920
- Depreciation +€602
up €602 (+17.5%), from €3,437 to €4,039
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 | €51,968 | €78,283 | +€26,315 | +50.6% |
| Fixed assets | 21/28 | €12,879 | €8,840 | -€4,039 | -31.4% |
| Tangible fixed assets | 22/27 | €12,879 | €8,840 | -€4,039 | -31.4% |
| Furniture and vehicles | 24 | €12,879 | €8,840 | -€4,039 | -31.4% |
| Current assets | 29/58 | €39,089 | €69,443 | +€30,354 | +77.7% |
| Amounts receivable within one year | 40/41 | €23,456 | €11,890 | -€11,566 | -49.3% |
| Trade receivables | 40 | €23,456 | €11,890 | -€11,566 | -49.3% |
| Cash at bank and in hand | 54/58 | €14,240 | €55,841 | +€41,601 | +292.1% |
| Deferred charges and accrued income | 490/1 | €1,393 | €1,713 | +€320 | +23.0% |
| Total equity and liabilities | 10/49 | €51,968 | €78,283 | +€26,315 | +50.6% |
| Equity | 10/15 | €32,446 | €31,296 | -€1,150 | -3.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €31,446 | €30,296 | -€1,150 | -3.7% |
| Distributable reserves | 133 | €31,446 | €30,296 | -€1,150 | -3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,522 | €46,987 | +€27,465 | +140.7% |
| Amounts payable within one year | 42/48 | €19,522 | €46,987 | +€27,465 | +140.7% |
| Trade debts | 44 | €740 | €7,470 | +€6,730 | +909.4% |
| Suppliers | 440/4 | €740 | €7,470 | +€6,730 | +909.4% |
| Taxes, remuneration and social security | 45 | €14,806 | €3,489 | -€11,316 | -76.4% |
| Taxes | 450/3 | €14,806 | €3,489 | -€11,316 | -76.4% |
| Other amounts payable | 47/48 | €3,976 | €36,027 | +€32,051 | +806.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,437 | €4,039 | +€602 | +17.5% |
| Other operating charges | 640/8 | €797 | €1,201 | +€404 | +50.8% |
| Gross operating margin | 9900 | €45,503 | €39,920 | -€5,582 | -12.3% |
| Operating profit (loss) | 9901 | €41,269 | €34,681 | -€6,588 | -16.0% |
| Financial charges | 65/66B | €54 | €45 | -€8 | -15.9% |
| Recurring financial charges | 65 | €54 | €45 | -€8 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €41,215 | €34,636 | -€6,580 | -16.0% |
| Income taxes | 67/77 | €9,491 | €1,535 | -€7,956 | -83.8% |
| Profit (loss) for the period | 9904 | €31,724 | €33,100 | +€1,376 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,724 | €33,100 | +€1,376 | +4.3% |
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.