MGS MENUISERIE: 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 MENUISERIE
Largest movements
- Receivables within one year +€20,638
up €20,638 (+27.1%), from €76,039 to €96,676
of which Trade receivables: +€19,695
- Cash +€7,449
up €7,449 (+146%), from €5,089 to €12,538
mainly Net result for the year (+€14,800) and Tax, wage and social debts (+€8,823)
- Tangible fixed assets +€4,527
up €4,527 (+50.5%), from €8,962 to €13,489
of which Plant, machinery and equipment: +€4,930
- Reserves +€14,800
new in 2025: €14,800
- Tax, wage and social debts +€8,823
new in 2025: €8,823
- Other debts +€8,383
up €8,383 (+13.0%), from €64,368 to €72,751
- Gross operating margin +€29,409
up €29,409 (+202%), from €14,524 to €43,933
- Staff costs +€24,471
new in 2025: €24,471
- Depreciation +€2,109
up €2,109 (+339%), from €623 to €2,732
- Taxes +€1,480
new in 2025: €1,480
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 | €114,240 | €146,854 | +€32,614 | +28.5% |
| Fixed assets | 21/28 | €21,803 | €26,330 | +€4,527 | +20.8% |
| Tangible fixed assets | 22/27 | €8,962 | €13,489 | +€4,527 | +50.5% |
| Plant, machinery and equipment | 23 | €7,583 | €12,513 | +€4,930 | +65.0% |
| Furniture and vehicles | 24 | €1,379 | €976 | -€403 | -29.2% |
| Financial fixed assets | 28 | €12,841 | €12,841 | = | 0.0% |
| Current assets | 29/58 | €92,438 | €120,525 | +€28,087 | +30.4% |
| Stocks and contracts in progress | 3 | €11,310 | €11,310 | = | 0.0% |
| Stocks | 30/36 | €11,310 | €11,310 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,039 | €96,676 | +€20,638 | +27.1% |
| Trade receivables | 40 | €64,390 | €84,085 | +€19,695 | +30.6% |
| Other amounts receivable | 41 | €11,649 | €12,591 | +€942 | +8.1% |
| Cash at bank and in hand | 54/58 | €5,089 | €12,538 | +€7,449 | +146% |
| Total equity and liabilities | 10/49 | €114,240 | €146,854 | +€32,614 | +28.5% |
| Equity | 10/15 | €39,404 | €54,205 | +€14,800 | +37.6% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Capital | 10 | €12,000 | €12,000 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | - | €14,800 | +€14,800 | |
| Tax-exempt reserves | 132 | - | €14,800 | +€14,800 | |
| Profit (loss) carried forward | 14 | €27,404 | €27,404 | = | 0.0% |
| Amounts payable | 17/49 | €74,836 | €92,650 | +€17,814 | +23.8% |
| Amounts payable within one year | 42/48 | €74,836 | €92,650 | +€17,814 | +23.8% |
| Trade debts | 44 | €10,469 | €11,076 | +€608 | +5.8% |
| Suppliers | 440/4 | €10,469 | €11,076 | +€608 | +5.8% |
| Taxes, remuneration and social security | 45 | - | €8,823 | +€8,823 | |
| Taxes | 450/3 | - | €8,823 | +€8,823 | |
| Other amounts payable | 47/48 | €64,368 | €72,751 | +€8,383 | +13.0% |
| Remuneration, social security and pensions | 62 | - | €24,471 | +€24,471 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €623 | €2,732 | +€2,109 | +339% |
| Other operating charges | 640/8 | €616 | €342 | -€274 | -44.5% |
| Gross operating margin | 9900 | €14,524 | €43,933 | +€29,409 | +202% |
| Operating profit (loss) | 9901 | €13,285 | €16,388 | +€3,103 | +23.4% |
| Financial income | 75/76B | €62 | €30 | -€33 | -52.4% |
| Recurring financial income | 75 | €62 | €30 | -€33 | -52.4% |
| Financial charges | 65/66B | €147 | €137 | -€10 | -6.8% |
| Recurring financial charges | 65 | €147 | €137 | -€10 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €13,200 | €16,280 | +€3,080 | +23.3% |
| Income taxes | 67/77 | - | €1,480 | +€1,480 | |
| Profit (loss) for the period | 9904 | €13,200 | €14,800 | +€1,600 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,200 | €14,800 | +€1,600 | +12.1% |
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 21 October 2026 via checked.be.