MGS LAW: 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.
MGS LAW
Largest movements
- Cash +€17,644
up €17,644 (+94.7%), from €18,637 to €36,281
mainly Net result for the year (+€30,494) and Current investments (+€16,559)
- Current investments -€16,559
down €16,559 (-60.2%), from €27,500 to €10,941
- Tangible fixed assets -€2,666
down €2,666 (-38.5%), from €6,926 to €4,260
- Deferred charges and accrued income -€1,278
down €1,278 (-49.9%), from €2,564 to €1,285
- Profit (loss) carried forward +€30,494
up €30,494 (+44.6%), from €68,311 to €98,805
- Tax, wage and social debts -€16,903
down €16,903 (-58.0%), from €29,128 to €12,225
of which Taxes: -€14,903
- Other debts -€15,803
down €15,803 (-88.1%), from €17,938 to €2,135
- Gross operating margin -€46,678
down €46,678 (-53.4%), from €87,467 to €40,789
- Taxes -€9,016
down €9,016 (-51.0%), from €17,685 to €8,669
- Depreciation +€1,593
up €1,593 (+148.3%), from €1,074 to €2,666
- Financial income +€1,513
up €1,513 (+532.7%), from €284 to €1,797
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 | €118,083 | €115,707 | -€2,376 | -2.0% |
| Fixed assets | 21/28 | €7,766 | €5,100 | -€2,666 | -34.3% |
| Tangible fixed assets | 22/27 | €6,926 | €4,260 | -€2,666 | -38.5% |
| Furniture and vehicles | 24 | €6,926 | €4,260 | -€2,666 | -38.5% |
| Financial fixed assets | 28 | €840 | €840 | = | 0.0% |
| Current assets | 29/58 | €110,317 | €110,607 | +€291 | +0.3% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,616 | €12,100 | +€484 | +4.2% |
| Trade receivables | 40 | €11,616 | €12,100 | +€484 | +4.2% |
| Current investments | 50/53 | €27,500 | €10,941 | -€16,559 | -60.2% |
| Cash at bank and in hand | 54/58 | €18,637 | €36,281 | +€17,644 | +94.7% |
| Deferred charges and accrued income | 490/1 | €2,564 | €1,285 | -€1,278 | -49.9% |
| Total equity and liabilities | 10/49 | €118,083 | €115,707 | -€2,376 | -2.0% |
| Equity | 10/15 | €70,311 | €100,805 | +€30,494 | +43.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,311 | €98,805 | +€30,494 | +44.6% |
| Amounts payable | 17/49 | €47,772 | €14,902 | -€32,870 | -68.8% |
| Amounts payable within one year | 42/48 | €47,772 | €14,902 | -€32,870 | -68.8% |
| Trade debts | 44 | €706 | €542 | -€164 | -23.2% |
| Suppliers | 440/4 | €706 | €542 | -€164 | -23.2% |
| Taxes, remuneration and social security | 45 | €29,128 | €12,225 | -€16,903 | -58.0% |
| Taxes | 450/3 | €27,128 | €12,225 | -€14,903 | -54.9% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €17,938 | €2,135 | -€15,803 | -88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,074 | €2,666 | +€1,593 | +148.3% |
| Other operating charges | 640/8 | €681 | €726 | +€45 | +6.6% |
| Gross operating margin | 9900 | €87,467 | €40,789 | -€46,678 | -53.4% |
| Operating profit (loss) | 9901 | €85,712 | €37,397 | -€48,315 | -56.4% |
| Financial income | 75/76B | €284 | €1,797 | +€1,513 | +532.7% |
| Recurring financial income | 75 | €284 | €1,797 | +€1,513 | +532.7% |
| Financial charges | 65/66B | €0 | €30 | +€30 | +33233.3% |
| Recurring financial charges | 65 | €0 | €30 | +€30 | +33233.3% |
| Profit (loss) for the period before taxes | 9903 | €85,996 | €39,163 | -€46,833 | -54.5% |
| Income taxes | 67/77 | €17,685 | €8,669 | -€9,016 | -51.0% |
| Profit (loss) for the period | 9904 | €68,311 | €30,494 | -€37,817 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,311 | €30,494 | -€37,817 | -55.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.