MGR GROUP: 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 GROUP
Largest movements
- Receivables within one year +€21,328
up €21,328 (+25.7%), from €82,958 to €104,286
of which Other amounts receivable: +€10,832
- Cash +€9,176
up €9,176 (+411%), from €2,230 to €11,406
mainly Net result for the year (+€48,172) and Short-term financial debts (+€3,566)
- Receivables after one year +€3,847
up €3,847 (+5.6%), from €69,063 to €72,909
- Profit (loss) carried forward +€48,172
up €48,172 (+69.7%), from -€69,116 to -€20,944
- Trade debts -€7,968
down €7,968 (-11.7%), from €68,342 to €60,375
- Current portion of long-term debt -€5,447
down €5,447 (-52.0%), from €10,480 to €5,033
- Debts after one year -€5,033
down €5,033 (-19.9%), from €25,344 to €20,311
- Short-term financial debts +€3,566
up €3,566 (+11.9%), from €29,894 to €33,461
- Gross operating margin +€119,763
up €119,763, from -€41,388 to €78,374
- Other operating charges -€9,647
down €9,647 (-60.7%), from €15,892 to €6,245
- Write-downs -€6,368
down €6,368 (-100%), from €6,368 to €0
- Taxes +€2,329
up €2,329, from -€2,007 to €322
- Depreciation -€1,150
down €1,150 (-50.9%), from €2,260 to €1,110
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 | €234,481 | €267,858 | +€33,377 | +14.2% |
| Fixed assets | 21/28 | €78,653 | €77,544 | -€1,110 | -1.4% |
| Tangible fixed assets | 22/27 | €73,078 | €71,969 | -€1,110 | -1.5% |
| Land and buildings | 22 | €71,969 | €71,969 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,110 | €0 | -€1,110 | -100% |
| Financial fixed assets | 28 | €5,575 | €5,575 | = | 0.0% |
| Current assets | 29/58 | €155,828 | €190,314 | +€34,486 | +22.1% |
| Amounts receivable after more than one year | 29 | €69,063 | €72,909 | +€3,847 | +5.6% |
| Other amounts receivable | 291 | €69,063 | €72,909 | +€3,847 | +5.6% |
| Stocks and contracts in progress | 3 | €1,577 | €1,340 | -€237 | -15.0% |
| Stocks | 30/36 | €1,577 | €1,340 | -€237 | -15.0% |
| Amounts receivable within one year | 40/41 | €82,958 | €104,286 | +€21,328 | +25.7% |
| Trade receivables | 40 | €52,337 | €62,832 | +€10,496 | +20.1% |
| Other amounts receivable | 41 | €30,621 | €41,454 | +€10,832 | +35.4% |
| Cash at bank and in hand | 54/58 | €2,230 | €11,406 | +€9,176 | +411% |
| Deferred charges and accrued income | 490/1 | - | €373 | +€373 | |
| Total equity and liabilities | 10/49 | €234,481 | €267,858 | +€33,377 | +14.2% |
| Equity | 10/15 | €88,223 | €136,394 | +€48,172 | +54.6% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Reserves | 13 | €113,739 | €113,739 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,360 | €4,360 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,360 | €4,360 | = | 0.0% |
| Distributable reserves | 133 | €109,379 | €109,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,116 | -€20,944 | +€48,172 | +69.7% |
| Amounts payable | 17/49 | €146,258 | €131,463 | -€14,795 | -10.1% |
| Amounts payable after more than one year | 17 | €25,344 | €20,311 | -€5,033 | -19.9% |
| Financial debts | 170/4 | €25,344 | €20,311 | -€5,033 | -19.9% |
| Amounts payable within one year | 42/48 | €120,915 | €111,152 | -€9,763 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €10,480 | €5,033 | -€5,447 | -52.0% |
| Financial debts | 43 | €29,894 | €33,461 | +€3,566 | +11.9% |
| Credit institutions | 430/8 | €29,894 | €33,461 | +€3,566 | +11.9% |
| Trade debts | 44 | €68,342 | €60,375 | -€7,968 | -11.7% |
| Suppliers | 440/4 | €68,342 | €60,375 | -€7,968 | -11.7% |
| Taxes, remuneration and social security | 45 | €353 | €1,372 | +€1,019 | +288% |
| Taxes | 450/3 | €353 | €1,372 | +€1,019 | +288% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,845 | €10,912 | -€933 | -7.9% |
| Non-recurring operating income | 76A | €1,550 | €0 | -€1,550 | -100% |
| Remuneration, social security and pensions | 62 | €0 | €868 | +€868 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,260 | €1,110 | -€1,150 | -50.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,368 | €0 | -€6,368 | -100% |
| Other operating charges | 640/8 | €15,892 | €6,245 | -€9,647 | -60.7% |
| Non-recurring operating charges | 66A | €109,655 | €21,155 | -€88,499 | -80.7% |
| Gross operating margin | 9900 | -€41,388 | €78,374 | +€119,763 | |
| Operating profit (loss) | 9901 | -€175,563 | €48,996 | +€224,558 | |
| Financial income | 75/76B | €4,534 | €4,549 | +€15 | +0.3% |
| Recurring financial income | 75 | €4,534 | €4,549 | +€15 | +0.3% |
| Financial charges | 65/66B | €6,060 | €5,051 | -€1,009 | -16.7% |
| Recurring financial charges | 65 | €6,060 | €5,051 | -€1,009 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€177,089 | €48,494 | +€225,583 | |
| Income taxes | 67/77 | -€2,007 | €322 | +€2,329 | |
| Profit (loss) for the period | 9904 | -€175,082 | €48,172 | +€223,254 | |
| Profit (loss) for the period to be appropriated | 9905 | -€175,082 | €48,172 | +€223,254 |
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 13 October 2026 via checked.be.