MGS PROJETS: 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 PROJETS
Largest movements
- Receivables within one year +€10,957
up €10,957 (+47.0%), from €23,328 to €34,285
of which Trade receivables: +€8,965
- Profit (loss) carried forward +€29,612
up €29,612 (+21.3%), from €139,144 to €168,756
- Debts after one year -€20,327
down €20,327 (-27.9%), from €72,929 to €52,601
of which Other amounts payable: -€12,000
- Tax, wage and social debts +€7,763
up €7,763 (+66.0%), from €11,753 to €19,516
of which Taxes: +€7,763
- Other debts -€4,000
down €4,000 (-40.0%), from €10,000 to €6,000
- Financial income -€50,000
down €50,000 (-83.3%), from €60,000 to €10,000
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 | €253,230 | €266,556 | +€13,326 | +5.3% |
| Fixed assets | 21/28 | €213,000 | €213,000 | = | 0.0% |
| Financial fixed assets | 28 | €213,000 | €213,000 | = | 0.0% |
| Current assets | 29/58 | €40,230 | €53,556 | +€13,326 | +33.1% |
| Amounts receivable within one year | 40/41 | €23,328 | €34,285 | +€10,957 | +47.0% |
| Trade receivables | 40 | €23,310 | €32,275 | +€8,965 | +38.5% |
| Other amounts receivable | 41 | €18 | €2,010 | +€1,992 | +11053.2% |
| Cash at bank and in hand | 54/58 | €16,902 | €19,271 | +€2,369 | +14.0% |
| Total equity and liabilities | 10/49 | €253,230 | €266,556 | +€13,326 | +5.3% |
| Equity | 10/15 | €149,144 | €178,756 | +€29,612 | +19.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,144 | €168,756 | +€29,612 | +21.3% |
| Amounts payable | 17/49 | €104,086 | €87,801 | -€16,286 | -15.6% |
| Amounts payable after more than one year | 17 | €72,929 | €52,601 | -€20,327 | -27.9% |
| Financial debts | 170/4 | €41,929 | €33,601 | -€8,327 | -19.9% |
| Other amounts payable | 178/9 | €31,000 | €19,000 | -€12,000 | -38.7% |
| Amounts payable within one year | 42/48 | €31,158 | €35,199 | +€4,041 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €8,401 | €8,684 | +€283 | +3.4% |
| Trade debts | 44 | €1,003 | €999 | -€5 | -0.5% |
| Suppliers | 440/4 | €1,003 | €999 | -€5 | -0.5% |
| Taxes, remuneration and social security | 45 | €11,753 | €19,516 | +€7,763 | +66.0% |
| Taxes | 450/3 | €10,503 | €18,266 | +€7,763 | +73.9% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €10,000 | €6,000 | -€4,000 | -40.0% |
| Turnover | 70 | €66,000 | €66,000 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,318 | €38,943 | +€626 | +1.6% |
| Other operating charges | 640/8 | €742 | €487 | -€255 | -34.3% |
| Gross operating margin | 9900 | €27,944 | €27,370 | -€573 | -2.1% |
| Operating profit (loss) | 9901 | €27,201 | €26,883 | -€318 | -1.2% |
| Financial income | 75/76B | €60,000 | €10,000 | -€50,000 | -83.3% |
| Recurring financial income | 75 | €60,000 | €10,000 | -€50,000 | -83.3% |
| Financial charges | 65/66B | €2,479 | €2,188 | -€291 | -11.7% |
| Recurring financial charges | 65 | €2,479 | €2,188 | -€291 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €84,723 | €34,695 | -€50,027 | -59.0% |
| Income taxes | 67/77 | €5,234 | €5,084 | -€151 | -2.9% |
| Profit (loss) for the period | 9904 | €79,488 | €29,612 | -€49,877 | -62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €79,488 | €29,612 | -€49,877 | -62.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.