MGR 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.
MGR CONSTRUCT
Largest movements
- Receivables within one year -€33,321
down €33,321 (-23.1%), from €144,101 to €110,779
of which Trade receivables: -€27,847
- Tangible fixed assets -€8,250
down €8,250 (-36.5%), from €22,572 to €14,323
of which Furniture and vehicles: -€6,016
- Cash -€7,222
down €7,222 (-23.9%), from €30,236 to €23,014
mainly Trade debts (-€65,481) and Investment in fixed assets (net) (-€1,088)
- Trade debts -€65,481
down €65,481 (-37.6%), from €174,325 to €108,845
- Tax, wage and social debts +€7,801
new in 2025: €7,801
of which Remuneration and social security: +€6,000
- Profit (loss) carried forward +€7,440
up €7,440, from -€2,740 to €4,700
- Gross operating margin +€158,530
up €158,530 (+1626.2%), from €9,748 to €168,278
- Write-downs +€148,335
new in 2025: €148,335
- Depreciation +€3,412
up €3,412 (+52.9%), from €6,452 to €9,864
- Taxes +€1,801
new in 2025: €1,801
- Other operating charges -€1,731
down €1,731 (-76.0%), from €2,278 to €547
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 | €202,427 | €152,459 | -€49,968 | -24.7% |
| Fixed assets | 21/28 | €26,554 | €17,777 | -€8,777 | -33.1% |
| Intangible fixed assets | 21 | €2,382 | €1,855 | -€527 | -22.1% |
| Tangible fixed assets | 22/27 | €22,572 | €14,323 | -€8,250 | -36.5% |
| Plant, machinery and equipment | 23 | €7,382 | €5,148 | -€2,234 | -30.3% |
| Furniture and vehicles | 24 | €15,190 | €9,174 | -€6,016 | -39.6% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €175,873 | €134,681 | -€41,191 | -23.4% |
| Amounts receivable within one year | 40/41 | €144,101 | €110,779 | -€33,321 | -23.1% |
| Trade receivables | 40 | €126,705 | €98,858 | -€27,847 | -22.0% |
| Other amounts receivable | 41 | €17,395 | €11,921 | -€5,474 | -31.5% |
| Cash at bank and in hand | 54/58 | €30,236 | €23,014 | -€7,222 | -23.9% |
| Deferred charges and accrued income | 490/1 | €1,536 | €888 | -€648 | -42.2% |
| Total equity and liabilities | 10/49 | €202,427 | €152,459 | -€49,968 | -24.7% |
| Equity | 10/15 | €3,460 | €10,900 | +€7,440 | +215.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,740 | €4,700 | +€7,440 | |
| Amounts payable | 17/49 | €198,967 | €141,558 | -€57,408 | -28.9% |
| Amounts payable within one year | 42/48 | €198,967 | €141,558 | -€57,408 | -28.9% |
| Trade debts | 44 | €174,325 | €108,845 | -€65,481 | -37.6% |
| Suppliers | 440/4 | €174,325 | €108,845 | -€65,481 | -37.6% |
| Taxes, remuneration and social security | 45 | - | €7,801 | +€7,801 | |
| Taxes | 450/3 | - | €1,801 | +€1,801 | |
| Remuneration and social security | 454/9 | - | €6,000 | +€6,000 | |
| Other amounts payable | 47/48 | €24,641 | €24,913 | +€271 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,452 | €9,864 | +€3,412 | +52.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €148,335 | +€148,335 | |
| Other operating charges | 640/8 | €2,278 | €547 | -€1,731 | -76.0% |
| Gross operating margin | 9900 | €9,748 | €168,278 | +€158,530 | +1626.2% |
| Operating profit (loss) | 9901 | €1,018 | €9,532 | +€8,513 | +836.1% |
| Financial income | 75/76B | €64 | €48 | -€16 | -25.0% |
| Recurring financial income | 75 | €64 | €48 | -€16 | -25.0% |
| Financial charges | 65/66B | €72 | €338 | +€266 | +367.7% |
| Recurring financial charges | 65 | €72 | €338 | +€266 | +367.7% |
| Profit (loss) for the period before taxes | 9903 | €1,010 | €9,241 | +€8,232 | +815.2% |
| Income taxes | 67/77 | - | €1,801 | +€1,801 | |
| Profit (loss) for the period | 9904 | €1,010 | €7,440 | +€6,430 | +636.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,010 | €7,440 | +€6,430 | +636.8% |
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 30 September 2026 via checked.be.