MGT IMMO: 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.
MGT IMMO
Largest movements
- Receivables after one year -€60,000
down €60,000 (-40.0%), from €150,000 to €90,000
- Current investments +€52,935
up €52,935 (+239.5%), from €22,099 to €75,035
- Tangible fixed assets -€20,901
down €20,901 (-5.4%), from €387,604 to €366,703
of which Land and buildings: -€20,122
- Current portion of long-term debt -€20,332
no longer reported in 2025 (was €20,332)
- Profit (loss) carried forward +€11,933
up €11,933 (+107.8%), from €11,066 to €23,000
- Other debts -€11,603
down €11,603 (-61.2%), from €18,946 to €7,343
- Reserves -€7,341
down €7,341 (-4.6%), from €158,238 to €150,896
of which Tax-exempt reserves: -€7,341
- Taxes -€1,626
down €1,626 (-35.8%), from €4,544 to €2,918
- Financial income -€1,061
down €1,061 (-18.0%), from €5,908 to €4,848
- Financial charges -€717
down €717 (-8.5%), from €8,445 to €7,729
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 | €612,300 | €579,147 | -€33,153 | -5.4% |
| Fixed assets | 21/28 | €387,604 | €366,703 | -€20,901 | -5.4% |
| Tangible fixed assets | 22/27 | €387,604 | €366,703 | -€20,901 | -5.4% |
| Land and buildings | 22 | €384,489 | €364,367 | -€20,122 | -5.2% |
| Other tangible fixed assets | 26 | €3,115 | €2,336 | -€779 | -25.0% |
| Current assets | 29/58 | €224,696 | €212,444 | -€12,252 | -5.5% |
| Amounts receivable after more than one year | 29 | €150,000 | €90,000 | -€60,000 | -40.0% |
| Other amounts receivable | 291 | €150,000 | €90,000 | -€60,000 | -40.0% |
| Amounts receivable within one year | 40/41 | €50,000 | €46,722 | -€3,278 | -6.6% |
| Other amounts receivable | 41 | €50,000 | €46,722 | -€3,278 | -6.6% |
| Current investments | 50/53 | €22,099 | €75,035 | +€52,935 | +239.5% |
| Cash at bank and in hand | 54/58 | €2,596 | €687 | -€1,910 | -73.5% |
| Total equity and liabilities | 10/49 | €612,300 | €579,147 | -€33,153 | -5.4% |
| Equity | 10/15 | €176,304 | €180,896 | +€4,592 | +2.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €158,238 | €150,896 | -€7,341 | -4.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €156,378 | €149,036 | -€7,341 | -4.7% |
| Profit (loss) carried forward | 14 | €11,066 | €23,000 | +€11,933 | +107.8% |
| Provisions and deferred taxes | 16 | €80,522 | €76,742 | -€3,780 | -4.7% |
| Deferred taxes | 168 | €80,522 | €76,742 | -€3,780 | -4.7% |
| Amounts payable | 17/49 | €355,473 | €321,509 | -€33,965 | -9.6% |
| Amounts payable after more than one year | 17 | €313,433 | €313,433 | = | 0.0% |
| Financial debts | 170/4 | €313,433 | €313,433 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,040 | €7,484 | -€34,556 | -82.2% |
| Current portion of amounts payable after more than one year | 42 | €20,332 | - | -€20,332 | |
| Taxes, remuneration and social security | 45 | €2,762 | €141 | -€2,621 | -94.9% |
| Taxes | 450/3 | €2,762 | €141 | -€2,621 | -94.9% |
| Other amounts payable | 47/48 | €18,946 | €7,343 | -€11,603 | -61.2% |
| Accrued charges and deferred income | 492/3 | - | €591 | +€591 | |
| Non-recurring operating income | 76A | - | €334 | +€334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,901 | €20,901 | = | 0.0% |
| Other operating charges | 640/8 | €3,128 | €3,227 | +€99 | +3.2% |
| Gross operating margin | 9900 | €30,981 | €30,739 | -€242 | -0.8% |
| Operating profit (loss) | 9901 | €6,952 | €6,611 | -€341 | -4.9% |
| Financial income | 75/76B | €5,908 | €4,848 | -€1,061 | -18.0% |
| Recurring financial income | 75 | €5,908 | €4,848 | -€1,061 | -18.0% |
| Financial charges | 65/66B | €8,445 | €7,729 | -€717 | -8.5% |
| Recurring financial charges | 65 | €8,445 | €7,729 | -€717 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €4,415 | €3,730 | -€685 | -15.5% |
| Transfer from deferred taxes | 780 | €11,122 | €3,780 | -€7,341 | -66.0% |
| Income taxes | 67/77 | €4,544 | €2,918 | -€1,626 | -35.8% |
| Profit (loss) for the period | 9904 | €10,993 | €4,592 | -€6,401 | -58.2% |
| Transfer from tax-exempt reserves | 789 | - | €7,341 | +€7,341 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,993 | €11,933 | +€940 | +8.6% |
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 8 October 2026 via checked.be.