MGT EXPRESS: 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.
MGT EXPRESS
Largest movements
- Receivables within one year +€29,499
up €29,499 (+747%), from €3,950 to €33,448
of which Trade receivables: +€31,522
- Cash +€15,051
up €15,051 (+288%), from €5,225 to €20,276
mainly Net result for the year (+€21,351) and Depreciation (+€21,323)
- Tangible fixed assets -€13,538
down €13,538 (-17.7%), from €76,436 to €62,898
of which Furniture and vehicles: -€12,457
- Tax, wage and social debts +€16,872
up €16,872 (+141%), from €11,971 to €28,843
of which Taxes: +€17,995
- Profit (loss) carried forward +€9,351
up €9,351 (+23.5%), from €39,822 to €49,173
- Other debts +€5,336
up €5,336 (+22.2%), from €24,000 to €29,336
- Staff costs +€103,500
up €103,500 (+27,172%), from €381 to €103,881
- Gross operating margin +€87,071
up €87,071 (+112%), from €77,970 to €165,041
- Financial charges +€12,838
up €12,838 (+8,895%), from €144 to €12,983
of which Non-recurring financial charges: +€12,613
- Depreciation +€8,227
up €8,227 (+62.8%), from €13,096 to €21,323
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,465 | €121,234 | +€30,769 | +34.0% |
| Fixed assets | 21/28 | €80,486 | €66,948 | -€13,538 | -16.8% |
| Tangible fixed assets | 22/27 | €76,436 | €62,898 | -€13,538 | -17.7% |
| Plant, machinery and equipment | 23 | €1,431 | €1,067 | -€364 | -25.4% |
| Furniture and vehicles | 24 | €67,920 | €55,463 | -€12,457 | -18.3% |
| Other tangible fixed assets | 26 | €7,086 | €6,369 | -€717 | -10.1% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €9,979 | €54,285 | +€44,307 | +444% |
| Amounts receivable within one year | 40/41 | €3,950 | €33,448 | +€29,499 | +747% |
| Trade receivables | 40 | €1,927 | €33,448 | +€31,522 | +1,636% |
| Other amounts receivable | 41 | €2,023 | - | -€2,023 | |
| Cash at bank and in hand | 54/58 | €5,225 | €20,276 | +€15,051 | +288% |
| Deferred charges and accrued income | 490/1 | €804 | €561 | -€243 | -30.2% |
| Total equity and liabilities | 10/49 | €90,465 | €121,234 | +€30,769 | +34.0% |
| Equity | 10/15 | €44,822 | €54,173 | +€9,351 | +20.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,822 | €49,173 | +€9,351 | +23.5% |
| Amounts payable | 17/49 | €45,643 | €67,060 | +€21,418 | +46.9% |
| Amounts payable within one year | 42/48 | €45,643 | €67,060 | +€21,418 | +46.9% |
| Trade debts | 44 | €9,672 | €8,882 | -€791 | -8.2% |
| Suppliers | 440/4 | €9,672 | €8,882 | -€791 | -8.2% |
| Taxes, remuneration and social security | 45 | €11,971 | €28,843 | +€16,872 | +141% |
| Taxes | 450/3 | - | €17,995 | +€17,995 | |
| Remuneration and social security | 454/9 | €11,971 | €10,847 | -€1,123 | -9.4% |
| Other amounts payable | 47/48 | €24,000 | €29,336 | +€5,336 | +22.2% |
| Remuneration, social security and pensions | 62 | €381 | €103,881 | +€103,500 | +27,172% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,096 | €21,323 | +€8,227 | +62.8% |
| Other operating charges | 640/8 | €410 | €920 | +€510 | +124% |
| Non-recurring operating charges | 66A | €118 | €4,468 | +€4,350 | +3,693% |
| Gross operating margin | 9900 | €77,970 | €165,041 | +€87,071 | +112% |
| Operating profit (loss) | 9901 | €63,965 | €34,449 | -€29,517 | -46.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €144 | €12,983 | +€12,838 | +8,895% |
| Recurring financial charges | 65 | €144 | €370 | +€226 | +156% |
| Non-recurring financial charges | 66B | - | €12,613 | +€12,613 | |
| Profit (loss) for the period before taxes | 9903 | €63,822 | €21,466 | -€42,356 | -66.4% |
| Income taxes | 67/77 | - | €114 | +€114 | |
| Profit (loss) for the period | 9904 | €63,822 | €21,351 | -€42,470 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,822 | €21,351 | -€42,470 | -66.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.