MGTEC: 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.
MGTEC
Largest movements
- Receivables within one year +€6,819
up €6,819 (+58.2%), from €11,726 to €18,545
of which Other amounts receivable: +€4,271
- Cash -€4,923
down €4,923 (-21.4%), from €22,963 to €18,040
mainly Investment in fixed assets (net) (-€8,241) and Receivables within one year (-€6,819)
- Tangible fixed assets +€4,473
up €4,473 (+53.9%), from €8,295 to €12,768
- Other debts +€5,500
new in 2025: €5,500
- Contributions -€1,500
no longer reported in 2025 (was €1,500)
- Reserves +€1,500
new in 2025: €1,500
- Trade debts +€782
up €782 (+124.6%), from €628 to €1,411
- Profit (loss) carried forward +€581
up €581 (+2.4%), from €24,601 to €25,182
- Gross operating margin -€10,523
down €10,523 (-42.4%), from €24,797 to €14,275
- Taxes -€2,471
down €2,471 (-52.1%), from €4,747 to €2,276
- Depreciation +€2,003
up €2,003 (+113.6%), from €1,764 to €3,768
- Other operating charges -€1,145
down €1,145 (-76.3%), from €1,499 to €355
- Financial charges -€1,058
down €1,058 (-37.1%), from €2,854 to €1,796
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 | €42,983 | €49,527 | +€6,544 | +15.2% |
| Fixed assets | 21/28 | €8,295 | €12,768 | +€4,473 | +53.9% |
| Tangible fixed assets | 22/27 | €8,295 | €12,768 | +€4,473 | +53.9% |
| Furniture and vehicles | 24 | €8,295 | €12,768 | +€4,473 | +53.9% |
| Current assets | 29/58 | €34,689 | €36,759 | +€2,070 | +6.0% |
| Amounts receivable within one year | 40/41 | €11,726 | €18,545 | +€6,819 | +58.2% |
| Trade receivables | 40 | €11,348 | €13,897 | +€2,548 | +22.5% |
| Other amounts receivable | 41 | €378 | €4,649 | +€4,271 | +1130.9% |
| Cash at bank and in hand | 54/58 | €22,963 | €18,040 | -€4,923 | -21.4% |
| Deferred charges and accrued income | 490/1 | - | €174 | +€174 | |
| Total equity and liabilities | 10/49 | €42,983 | €49,527 | +€6,544 | +15.2% |
| Equity | 10/15 | €26,101 | €26,682 | +€581 | +2.2% |
| Contributions | 10/11 | €1,500 | - | -€1,500 | |
| Reserves | 13 | - | €1,500 | +€1,500 | |
| Distributable reserves | 133 | - | €1,500 | +€1,500 | |
| Profit (loss) carried forward | 14 | €24,601 | €25,182 | +€581 | +2.4% |
| Amounts payable | 17/49 | €16,882 | €22,845 | +€5,963 | +35.3% |
| Amounts payable within one year | 42/48 | €16,882 | €22,845 | +€5,963 | +35.3% |
| Trade debts | 44 | €628 | €1,411 | +€782 | +124.6% |
| Suppliers | 440/4 | €628 | €1,411 | +€782 | +124.6% |
| Taxes, remuneration and social security | 45 | €16,254 | €15,934 | -€320 | -2.0% |
| Taxes | 450/3 | €12,999 | €12,649 | -€349 | -2.7% |
| Remuneration and social security | 454/9 | €3,255 | €3,285 | +€30 | +0.9% |
| Other amounts payable | 47/48 | - | €5,500 | +€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,764 | €3,768 | +€2,003 | +113.6% |
| Other operating charges | 640/8 | €1,499 | €355 | -€1,145 | -76.3% |
| Gross operating margin | 9900 | €24,797 | €14,275 | -€10,523 | -42.4% |
| Operating profit (loss) | 9901 | €21,534 | €10,153 | -€11,381 | -52.9% |
| Financial income | 75/76B | €46 | €0 | -€46 | -99.9% |
| Recurring financial income | 75 | €46 | €0 | -€46 | -99.9% |
| Financial charges | 65/66B | €2,854 | €1,796 | -€1,058 | -37.1% |
| Recurring financial charges | 65 | €2,854 | €1,796 | -€1,058 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €18,726 | €8,357 | -€10,369 | -55.4% |
| Income taxes | 67/77 | €4,747 | €2,276 | -€2,471 | -52.1% |
| Profit (loss) for the period | 9904 | €13,979 | €6,081 | -€7,898 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,979 | €6,081 | -€7,898 | -56.5% |
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.