MGX CORP: 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.
MGX CORP
Largest movements
- Receivables within one year +€13,110
up €13,110 (+367.4%), from €3,568 to €16,679
- Deferred charges and accrued income +€6,720
up €6,720 (+280.6%), from €2,395 to €9,115
- Cash -€3,150
down €3,150 (-24.0%), from €13,114 to €9,964
mainly Contributions, distributions and other (-€21,341) and Receivables within one year (-€13,110)
- Tangible fixed assets +€979
up €979 (+30.5%), from €3,206 to €4,185
of which Furniture and vehicles: +€1,229
- Other debts +€13,901
up €13,901 (+106.2%), from €13,094 to €26,995
- Trade debts +€3,139
up €3,139 (+1508.1%), from €208 to €3,347
- Tax, wage and social debts +€579
up €579 (+11.6%), from €4,982 to €5,561
- Financial income +€7,249
up €7,249 (+24163933.3%), from €0 to €7,249
of which Non-recurring financial income: +€7,130
- Gross operating margin +€4,716
up €4,716 (+26.3%), from €17,908 to €22,624
- Taxes +€1,580
up €1,580 (+35.2%), from €4,491 to €6,071
- Depreciation +€599
up €599 (+106.9%), from €561 to €1,160
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 | €22,283 | €39,943 | +€17,660 | +79.3% |
| Fixed assets | 21/28 | €3,206 | €4,185 | +€979 | +30.5% |
| Tangible fixed assets | 22/27 | €3,206 | €4,185 | +€979 | +30.5% |
| Furniture and vehicles | 24 | €735 | €1,964 | +€1,229 | +167.2% |
| Other tangible fixed assets | 26 | €2,471 | €2,221 | -€250 | -10.1% |
| Current assets | 29/58 | €19,077 | €35,757 | +€16,681 | +87.4% |
| Amounts receivable within one year | 40/41 | €3,568 | €16,679 | +€13,110 | +367.4% |
| Trade receivables | 40 | €3,568 | €16,679 | +€13,110 | +367.4% |
| Cash at bank and in hand | 54/58 | €13,114 | €9,964 | -€3,150 | -24.0% |
| Deferred charges and accrued income | 490/1 | €2,395 | €9,115 | +€6,720 | +280.6% |
| Total equity and liabilities | 10/49 | €22,283 | €39,943 | +€17,660 | +79.3% |
| Equity | 10/15 | €3,999 | €3,999 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €999 | €999 | = | 0.0% |
| Distributable reserves | 133 | €999 | €999 | = | 0.0% |
| Amounts payable | 17/49 | €18,284 | €35,944 | +€17,660 | +96.6% |
| Amounts payable within one year | 42/48 | €18,284 | €35,903 | +€17,619 | +96.4% |
| Trade debts | 44 | €208 | €3,347 | +€3,139 | +1508.1% |
| Suppliers | 440/4 | €208 | €3,347 | +€3,139 | +1508.1% |
| Taxes, remuneration and social security | 45 | €4,982 | €5,561 | +€579 | +11.6% |
| Taxes | 450/3 | €4,982 | €5,561 | +€579 | +11.6% |
| Other amounts payable | 47/48 | €13,094 | €26,995 | +€13,901 | +106.2% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €561 | €1,160 | +€599 | +106.9% |
| Other operating charges | 640/8 | €601 | €717 | +€116 | +19.2% |
| Gross operating margin | 9900 | €17,908 | €22,624 | +€4,716 | +26.3% |
| Operating profit (loss) | 9901 | €16,746 | €20,747 | +€4,001 | +23.9% |
| Financial income | 75/76B | €0 | €7,249 | +€7,249 | +24163933.3% |
| Recurring financial income | 75 | €0 | €119 | +€119 | +396000.0% |
| Non-recurring financial income | 76B | - | €7,130 | +€7,130 | |
| Financial charges | 65/66B | €593 | €585 | -€8 | -1.3% |
| Recurring financial charges | 65 | €593 | €585 | -€8 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €16,154 | €27,411 | +€11,258 | +69.7% |
| Income taxes | 67/77 | €4,491 | €6,071 | +€1,580 | +35.2% |
| Profit (loss) for the period | 9904 | €11,663 | €21,341 | +€9,678 | +83.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,663 | €21,341 | +€9,678 | +83.0% |
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.