MGS 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.
MGS GROUP
Largest movements
- Tangible fixed assets +€3,967
new in 2025: €3,967
- Receivables within one year +€2,105
up €2,105 (+141%), from €1,491 to €3,596
- Cash +€593
new in 2025: €593
mainly Other debts (+€4,206) and Tax, wage and social debts (+€945)
- Other debts +€4,206
up €4,206 (+379%), from €1,111 to €5,317
- Tax, wage and social debts +€945
new in 2025: €945
- Trade debts +€939
new in 2025: €939
- Profit (loss) carried forward +€583
up €583 (+89.9%), from -€648 to -€66
- Turnover -€4,129
no longer reported in 2025 (was €4,129)
- Purchases and services -€2,670
no longer reported in 2025 (was €2,670)
- Depreciation -€1,664
down €1,664 (-87.7%), from €1,897 to €233
- Gross operating margin +€708
up €708 (+48.5%), from €1,459 to €2,167
- Other operating charges +€572
up €572 (+542%), from €106 to €677
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 | €1,491 | €8,156 | +€6,665 | +447% |
| Fixed assets | 21/28 | - | €3,967 | +€3,967 | |
| Tangible fixed assets | 22/27 | - | €3,967 | +€3,967 | |
| Furniture and vehicles | 24 | - | €3,967 | +€3,967 | |
| Current assets | 29/58 | €1,491 | €4,189 | +€2,699 | +181% |
| Amounts receivable within one year | 40/41 | €1,491 | €3,596 | +€2,105 | +141% |
| Trade receivables | 40 | €1,491 | €3,596 | +€2,105 | +141% |
| Cash at bank and in hand | 54/58 | - | €593 | +€593 | |
| Total equity and liabilities | 10/49 | €1,491 | €8,156 | +€6,665 | +447% |
| Equity | 10/15 | €352 | €934 | +€583 | +166% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€648 | -€66 | +€583 | +89.9% |
| Amounts payable | 17/49 | €1,139 | €7,221 | +€6,082 | +534% |
| Amounts payable within one year | 42/48 | €1,139 | €7,221 | +€6,082 | +534% |
| Financial debts | 43 | €28 | €20 | -€7 | -26.8% |
| Credit institutions | 430/8 | €28 | €20 | -€7 | -26.8% |
| Trade debts | 44 | - | €939 | +€939 | |
| Suppliers | 440/4 | - | €939 | +€939 | |
| Taxes, remuneration and social security | 45 | - | €945 | +€945 | |
| Taxes | 450/3 | - | €945 | +€945 | |
| Other amounts payable | 47/48 | €1,111 | €5,317 | +€4,206 | +379% |
| Turnover | 70 | €4,129 | - | -€4,129 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,670 | - | -€2,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,897 | €233 | -€1,664 | -87.7% |
| Other operating charges | 640/8 | €106 | €677 | +€572 | +542% |
| Non-recurring operating charges | 66A | - | €417 | +€417 | |
| Gross operating margin | 9900 | €1,459 | €2,167 | +€708 | +48.5% |
| Operating profit (loss) | 9901 | -€544 | €840 | +€1,383 | |
| Financial charges | 65/66B | €66 | €48 | -€18 | -27.5% |
| Recurring financial charges | 65 | €66 | €48 | -€18 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | -€609 | €792 | +€1,401 | |
| Income taxes | 67/77 | - | €209 | +€209 | |
| Profit (loss) for the period | 9904 | -€609 | €583 | +€1,192 | |
| Profit (loss) for the period to be appropriated | 9905 | -€609 | €583 | +€1,192 |
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 20 October 2026 via checked.be.