MGR COMPANY: 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.
MGR COMPANY
Largest movements
- Cash -€25,141
down €25,141 (-85.2%), from €29,518 to €4,377
mainly Trade debts (-€95,659) and Deferred charges and accrued income (-€966)
- Receivables within one year -€12,208
down €12,208 (-2.5%), from €490,656 to €478,447
of which Trade receivables: -€73,189
- Tangible fixed assets -€5,540
no longer reported in 2025 (was €5,540)
of which Plant, machinery and equipment: -€3,830
- Trade debts -€95,659
down €95,659 (-43.8%), from €218,596 to €122,937
- Reserves +€42,224
up €42,224 (+16.3%), from €259,568 to €301,792
- Tax, wage and social debts +€6,723
up €6,723 (+13.0%), from €51,751 to €58,474
- Short-term financial debts +€5,657
up €5,657 (+36.8%), from €15,393 to €21,050
- Gross operating margin -€124,742
down €124,742 (-56.0%), from €222,800 to €98,057
- Other operating charges -€37,196
down €37,196 (-91.3%), from €40,725 to €3,529
- Taxes -€21,450
down €21,450 (-49.6%), from €43,207 to €21,758
- Financial income -€19,375
down €19,375 (-84.5%), from €22,921 to €3,547
- Financial charges -€19,034
down €19,034 (-40.0%), from €47,587 to €28,553
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 | €551,307 | €510,252 | -€41,055 | -7.4% |
| Fixed assets | 21/28 | €21,840 | €17,168 | -€4,672 | -21.4% |
| Tangible fixed assets | 22/27 | €5,540 | - | -€5,540 | |
| Plant, machinery and equipment | 23 | €3,830 | - | -€3,830 | |
| Furniture and vehicles | 24 | €1,709 | - | -€1,709 | |
| Financial fixed assets | 28 | €16,300 | €17,168 | +€868 | +5.3% |
| Current assets | 29/58 | €529,467 | €493,084 | -€36,383 | -6.9% |
| Amounts receivable within one year | 40/41 | €490,656 | €478,447 | -€12,208 | -2.5% |
| Trade receivables | 40 | €371,155 | €297,966 | -€73,189 | -19.7% |
| Other amounts receivable | 41 | €119,501 | €180,481 | +€60,980 | +51.0% |
| Cash at bank and in hand | 54/58 | €29,518 | €4,377 | -€25,141 | -85.2% |
| Deferred charges and accrued income | 490/1 | €9,294 | €10,260 | +€966 | +10.4% |
| Total equity and liabilities | 10/49 | €551,307 | €510,252 | -€41,055 | -7.4% |
| Equity | 10/15 | €265,568 | €307,792 | +€42,224 | +15.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €259,568 | €301,792 | +€42,224 | +16.3% |
| Distributable reserves | 133 | €259,568 | €301,792 | +€42,224 | +16.3% |
| Amounts payable | 17/49 | €285,739 | €202,461 | -€83,278 | -29.1% |
| Amounts payable within one year | 42/48 | €285,739 | €202,461 | -€83,278 | -29.1% |
| Financial debts | 43 | €15,393 | €21,050 | +€5,657 | +36.8% |
| Credit institutions | 430/8 | €15,393 | €21,050 | +€5,657 | +36.8% |
| Trade debts | 44 | €218,596 | €122,937 | -€95,659 | -43.8% |
| Suppliers | 440/4 | €218,596 | €122,937 | -€95,659 | -43.8% |
| Taxes, remuneration and social security | 45 | €51,751 | €58,474 | +€6,723 | +13.0% |
| Taxes | 450/3 | €51,751 | €58,474 | +€6,723 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,095 | €5,540 | -€5,556 | -50.1% |
| Other operating charges | 640/8 | €40,725 | €3,529 | -€37,196 | -91.3% |
| Gross operating margin | 9900 | €222,800 | €98,057 | -€124,742 | -56.0% |
| Operating profit (loss) | 9901 | €170,979 | €88,988 | -€81,991 | -48.0% |
| Financial income | 75/76B | €22,921 | €3,547 | -€19,375 | -84.5% |
| Recurring financial income | 75 | €22,921 | €3,547 | -€19,375 | -84.5% |
| Financial charges | 65/66B | €47,587 | €28,553 | -€19,034 | -40.0% |
| Recurring financial charges | 65 | €47,587 | €28,553 | -€19,034 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €146,313 | €63,981 | -€82,332 | -56.3% |
| Income taxes | 67/77 | €43,207 | €21,758 | -€21,450 | -49.6% |
| Profit (loss) for the period | 9904 | €103,106 | €42,224 | -€60,882 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,106 | €42,224 | -€60,882 | -59.0% |
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 1 November 2026 via checked.be.