MGV COMFORT: 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.
MGV COMFORT
Largest movements
- Cash +€24,904
up €24,904 (+314%), from €7,931 to €32,835
mainly Net result for the year (+€19,147) and Receivables within one year (+€8,767)
- Tangible fixed assets +€11,957
up €11,957 (+1,147%), from €1,043 to €13,000
of which Furniture and vehicles: +€11,189
- Receivables within one year -€8,767
down €8,767 (-75.5%), from €11,607 to €2,840
of which Trade receivables: -€5,298
- Profit (loss) carried forward +€19,147
up €19,147 (+141%), from €13,569 to €32,716
- Current portion of long-term debt +€4,998
new in 2025: €4,998
- Tax, wage and social debts +€2,449
up €2,449 (+72.5%), from €3,378 to €5,828
- Trade debts +€1,669
up €1,669 (+59.4%), from €2,812 to €4,481
- Gross operating margin +€15,473
up €15,473 (+87.6%), from €17,664 to €33,137
- Depreciation +€4,094
up €4,094 (+15,661%), from €26 to €4,120
- Taxes +€3,180
up €3,180 (+94.1%), from €3,378 to €6,558
- Other operating charges +€1,689
up €1,689 (+436%), from €387 to €2,077
- Financial charges +€950
up €950 (+313%), from €303 to €1,254
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 | €22,760 | €51,022 | +€28,263 | +124% |
| Fixed assets | 21/28 | €1,043 | €13,000 | +€11,957 | +1,147% |
| Tangible fixed assets | 22/27 | €1,043 | €13,000 | +€11,957 | +1,147% |
| Plant, machinery and equipment | 23 | - | €768 | +€768 | |
| Furniture and vehicles | 24 | €1,043 | €12,232 | +€11,189 | +1,073% |
| Current assets | 29/58 | €21,717 | €38,022 | +€16,305 | +75.1% |
| Amounts receivable within one year | 40/41 | €11,607 | €2,840 | -€8,767 | -75.5% |
| Trade receivables | 40 | €8,134 | €2,835 | -€5,298 | -65.1% |
| Other amounts receivable | 41 | €3,474 | €5 | -€3,469 | -99.9% |
| Cash at bank and in hand | 54/58 | €7,931 | €32,835 | +€24,904 | +314% |
| Deferred charges and accrued income | 490/1 | €2,178 | €2,348 | +€169 | +7.8% |
| Total equity and liabilities | 10/49 | €22,760 | €51,022 | +€28,263 | +124% |
| Equity | 10/15 | €16,569 | €35,716 | +€19,147 | +116% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,569 | €32,716 | +€19,147 | +141% |
| Amounts payable | 17/49 | €6,190 | €15,306 | +€9,116 | +147% |
| Amounts payable within one year | 42/48 | €6,190 | €15,306 | +€9,116 | +147% |
| Current portion of amounts payable after more than one year | 42 | - | €4,998 | +€4,998 | |
| Trade debts | 44 | €2,812 | €4,481 | +€1,669 | +59.4% |
| Suppliers | 440/4 | €2,812 | €4,481 | +€1,669 | +59.4% |
| Taxes, remuneration and social security | 45 | €3,378 | €5,828 | +€2,449 | +72.5% |
| Taxes | 450/3 | €3,378 | €5,828 | +€2,449 | +72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26 | €4,120 | +€4,094 | +15,661% |
| Other operating charges | 640/8 | €387 | €2,077 | +€1,689 | +436% |
| Gross operating margin | 9900 | €17,664 | €33,137 | +€15,473 | +87.6% |
| Operating profit (loss) | 9901 | €17,250 | €26,940 | +€9,690 | +56.2% |
| Financial income | 75/76B | €1 | €19 | +€17 | +1,696% |
| Recurring financial income | 75 | €1 | €19 | +€17 | +1,696% |
| Financial charges | 65/66B | €303 | €1,254 | +€950 | +313% |
| Recurring financial charges | 65 | €303 | €1,254 | +€950 | +313% |
| Profit (loss) for the period before taxes | 9903 | €16,948 | €25,705 | +€8,757 | +51.7% |
| Income taxes | 67/77 | €3,378 | €6,558 | +€3,180 | +94.1% |
| Profit (loss) for the period | 9904 | €13,569 | €19,147 | +€5,577 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,569 | €19,147 | +€5,577 | +41.1% |
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 27 October 2026 via checked.be.