MGRTECH: 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.
MGRTECH
Largest movements
- Cash +€45,096
up €45,096 (+409%), from €11,016 to €56,111
mainly Net result for the year (+€36,826) and Tax, wage and social debts (+€14,845)
- Tangible fixed assets +€1,698
up €1,698 (+381%), from €446 to €2,144
- Receivables within one year +€998
up €998 (+4.3%), from €22,960 to €23,958
- Reserves +€35,993
up €35,993 (+196%), from €18,359 to €54,352
- Tax, wage and social debts +€14,845
up €14,845 (+119%), from €12,489 to €27,334
- Other debts -€2,862
down €2,862 (-71.7%), from €3,992 to €1,130
- Gross operating margin +€25,046
up €25,046 (+93.2%), from €26,868 to €51,913
- Taxes +€7,016
up €7,016 (+97.3%), from €7,211 to €14,227
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 | €40,157 | €87,854 | +€47,697 | +119% |
| Fixed assets | 21/28 | €5,446 | €7,144 | +€1,698 | +31.2% |
| Tangible fixed assets | 22/27 | €446 | €2,144 | +€1,698 | +381% |
| Furniture and vehicles | 24 | €446 | €2,144 | +€1,698 | +381% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €34,711 | €80,710 | +€45,999 | +133% |
| Amounts receivable within one year | 40/41 | €22,960 | €23,958 | +€998 | +4.3% |
| Trade receivables | 40 | €22,960 | €23,958 | +€998 | +4.3% |
| Cash at bank and in hand | 54/58 | €11,016 | €56,111 | +€45,096 | +409% |
| Deferred charges and accrued income | 490/1 | €736 | €641 | -€95 | -12.9% |
| Total equity and liabilities | 10/49 | €40,157 | €87,854 | +€47,697 | +119% |
| Equity | 10/15 | €23,359 | €59,352 | +€35,993 | +154% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Share premium | 1100/10 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,359 | €54,352 | +€35,993 | +196% |
| Distributable reserves | 133 | €18,359 | €54,352 | +€35,993 | +196% |
| Amounts payable | 17/49 | €16,798 | €28,502 | +€11,704 | +69.7% |
| Amounts payable within one year | 42/48 | €16,798 | €28,502 | +€11,704 | +69.7% |
| Trade debts | 44 | €317 | €38 | -€279 | -88.0% |
| Suppliers | 440/4 | €317 | €38 | -€279 | -88.0% |
| Taxes, remuneration and social security | 45 | €12,489 | €27,334 | +€14,845 | +119% |
| Taxes | 450/3 | €12,489 | €27,334 | +€14,845 | +119% |
| Other amounts payable | 47/48 | €3,992 | €1,130 | -€2,862 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404 | €493 | +€89 | +22.1% |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Non-recurring operating charges | 66A | - | €262 | +€262 | |
| Gross operating margin | 9900 | €26,868 | €51,913 | +€25,046 | +93.2% |
| Operating profit (loss) | 9901 | €26,464 | €51,108 | +€24,644 | +93.1% |
| Financial income | 75/76B | €147 | €165 | +€19 | +12.8% |
| Recurring financial income | 75 | €147 | €165 | +€19 | +12.8% |
| Financial charges | 65/66B | €207 | €220 | +€13 | +6.4% |
| Recurring financial charges | 65 | €207 | €220 | +€13 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €26,403 | €51,053 | +€24,650 | +93.4% |
| Income taxes | 67/77 | €7,211 | €14,227 | +€7,016 | +97.3% |
| Profit (loss) for the period | 9904 | €19,192 | €36,826 | +€17,634 | +91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,192 | €36,826 | +€17,634 | +91.9% |
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 19 October 2026 via checked.be.