MGX.io: 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.
MGX.io
Largest movements
- Receivables within one year -€42,034
down €42,034 (-93.4%), from €45,017 to €2,983
of which Trade receivables: -€27,819
- Cash +€35,560
up €35,560 (+57.7%), from €61,589 to €97,149
mainly Receivables within one year (+€42,034) and Tax, wage and social debts (+€6,541)
- Tangible fixed assets +€1,411
up €1,411 (+46.2%), from €3,052 to €4,462
- Advances received -€15,200
no longer reported in 2025 (was €15,200)
- Tax, wage and social debts +€6,541
up €6,541 (+93.9%), from €6,964 to €13,505
of which Taxes: +€4,248
- Profit (loss) carried forward +€3,573
up €3,573 (+6.3%), from €56,839 to €60,412
- Turnover +€145,200
new in 2025: €145,200
- Purchases and services +€85,957
new in 2025: €85,957
- Gross operating margin -€23,275
down €23,275 (-27.7%), from €84,141 to €60,865
- Taxes +€2,898
up €2,898 (+56.6%), from €5,118 to €8,015
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 | €109,658 | €104,595 | -€5,063 | -4.6% |
| Fixed assets | 21/28 | €3,052 | €4,462 | +€1,411 | +46.2% |
| Tangible fixed assets | 22/27 | €3,052 | €4,462 | +€1,411 | +46.2% |
| Furniture and vehicles | 24 | €3,052 | €4,462 | +€1,411 | +46.2% |
| Current assets | 29/58 | €106,606 | €100,133 | -€6,474 | -6.1% |
| Amounts receivable within one year | 40/41 | €45,017 | €2,983 | -€42,034 | -93.4% |
| Trade receivables | 40 | €30,802 | €2,983 | -€27,819 | -90.3% |
| Other amounts receivable | 41 | €14,215 | - | -€14,215 | |
| Cash at bank and in hand | 54/58 | €61,589 | €97,149 | +€35,560 | +57.7% |
| Total equity and liabilities | 10/49 | €109,658 | €104,595 | -€5,063 | -4.6% |
| Equity | 10/15 | €77,299 | €80,872 | +€3,573 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,839 | €60,412 | +€3,573 | +6.3% |
| Amounts payable | 17/49 | €32,359 | €23,723 | -€8,636 | -26.7% |
| Amounts payable within one year | 42/48 | €32,359 | €23,723 | -€8,636 | -26.7% |
| Trade debts | 44 | €155 | - | -€155 | |
| Suppliers | 440/4 | €155 | - | -€155 | |
| Advances received on contracts in progress | 46 | €15,200 | - | -€15,200 | |
| Taxes, remuneration and social security | 45 | €6,964 | €13,505 | +€6,541 | +93.9% |
| Taxes | 450/3 | €211 | €4,459 | +€4,248 | +2,017% |
| Remuneration and social security | 454/9 | €6,753 | €9,046 | +€2,293 | +34.0% |
| Other amounts payable | 47/48 | €10,040 | €10,218 | +€178 | +1.8% |
| Turnover | 70 | - | €145,200 | +€145,200 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €85,957 | +€85,957 | |
| Remuneration, social security and pensions | 62 | €45,615 | €45,491 | -€125 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,661 | €2,616 | -€45 | -1.7% |
| Other operating charges | 640/8 | €1,072 | €1,098 | +€26 | +2.4% |
| Gross operating margin | 9900 | €84,141 | €60,865 | -€23,275 | -27.7% |
| Operating profit (loss) | 9901 | €34,792 | €11,661 | -€23,132 | -66.5% |
| Financial charges | 65/66B | €61 | €72 | +€11 | +18.0% |
| Recurring financial charges | 65 | €61 | €72 | +€11 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €34,731 | €11,589 | -€23,143 | -66.6% |
| Income taxes | 67/77 | €5,118 | €8,015 | +€2,898 | +56.6% |
| Profit (loss) for the period | 9904 | €29,614 | €3,573 | -€26,041 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,614 | €3,573 | -€26,041 | -87.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.