MGU-Engineering: 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.
MGU-Engineering
Largest movements
- Receivables within one year +€83,916
up €83,916 (+1,365%), from €6,148 to €90,064
of which Other amounts receivable: +€51,882
- Tangible fixed assets +€21,296
up €21,296 (+152%), from €14,035 to €35,331
- Cash -€6,214
down €6,214 (-8.2%), from €75,847 to €69,632
mainly Contributions, distributions and other (-€125,000) and Receivables within one year (-€83,916)
- Other debts +€106,250
new in 2025: €106,250
- Profit (loss) carried forward -€43,699
down €43,699 (-47.8%), from €91,515 to €47,816
- Tax, wage and social debts +€37,677
up €37,677 (+1,160%), from €3,248 to €40,926
- Gross operating margin +€36,336
up €36,336 (+50.3%), from €72,307 to €108,643
- Taxes +€8,134
up €8,134 (+63.1%), from €12,900 to €21,034
- Depreciation -€2,761
down €2,761 (-27.8%), from €9,948 to €7,187
- Financial income +€1,466
up €1,466 (+621%), from €236 to €1,702
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 | €97,436 | €197,470 | +€100,034 | +103% |
| Fixed assets | 21/28 | €14,035 | €35,331 | +€21,296 | +152% |
| Tangible fixed assets | 22/27 | €14,035 | €35,331 | +€21,296 | +152% |
| Plant, machinery and equipment | 23 | €1,141 | €11,418 | +€10,277 | +901% |
| Furniture and vehicles | 24 | €7,180 | €11,179 | +€3,999 | +55.7% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €5,714 | €12,734 | +€7,020 | +123% |
| Current assets | 29/58 | €83,401 | €162,139 | +€78,738 | +94.4% |
| Amounts receivable within one year | 40/41 | €6,148 | €90,064 | +€83,916 | +1,365% |
| Trade receivables | 40 | €699 | €32,733 | +€32,034 | +4,586% |
| Other amounts receivable | 41 | €5,450 | €57,331 | +€51,882 | +952% |
| Cash at bank and in hand | 54/58 | €75,847 | €69,632 | -€6,214 | -8.2% |
| Deferred charges and accrued income | 490/1 | €1,406 | €2,443 | +€1,037 | +73.8% |
| Total equity and liabilities | 10/49 | €97,436 | €197,470 | +€100,034 | +103% |
| Equity | 10/15 | €93,015 | €49,316 | -€43,699 | -47.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,515 | €47,816 | -€43,699 | -47.8% |
| Amounts payable | 17/49 | €4,421 | €148,154 | +€143,733 | +3,251% |
| Amounts payable within one year | 42/48 | €4,421 | €148,154 | +€143,733 | +3,251% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,173 | €978 | -€195 | -16.6% |
| Suppliers | 440/4 | €1,173 | €978 | -€195 | -16.6% |
| Taxes, remuneration and social security | 45 | €3,248 | €40,926 | +€37,677 | +1,160% |
| Taxes | 450/3 | €3,248 | €40,926 | +€37,677 | +1,160% |
| Other amounts payable | 47/48 | - | €106,250 | +€106,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,948 | €7,187 | -€2,761 | -27.8% |
| Other operating charges | 640/8 | €1,144 | €540 | -€604 | -52.8% |
| Gross operating margin | 9900 | €72,307 | €108,643 | +€36,336 | +50.3% |
| Operating profit (loss) | 9901 | €61,215 | €100,916 | +€39,701 | +64.9% |
| Financial income | 75/76B | €236 | €1,702 | +€1,466 | +621% |
| Recurring financial income | 75 | €236 | €1,702 | +€1,466 | +621% |
| Financial charges | 65/66B | €92 | €283 | +€191 | +208% |
| Recurring financial charges | 65 | €92 | €283 | +€191 | +208% |
| Profit (loss) for the period before taxes | 9903 | €61,359 | €102,336 | +€40,976 | +66.8% |
| Income taxes | 67/77 | €12,900 | €21,034 | +€8,134 | +63.1% |
| Profit (loss) for the period | 9904 | €48,460 | €81,301 | +€32,842 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,460 | €81,301 | +€32,842 | +67.8% |
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.