MLG Groep: 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.
MLG Groep
Largest movements
- Stocks and contracts +€151,691
up €151,691 (+57.8%), from €262,479 to €414,171
- Deferred charges and accrued income -€24,106
down €24,106 (-87.1%), from €27,690 to €3,584
- Tangible fixed assets +€23,962
up €23,962 (+5.4%), from €440,339 to €464,301
of which Furniture and vehicles: +€38,496
- Reserves +€80,684
up €80,684 (+48.8%), from €165,346 to €246,031
- Short-term financial debts +€40,295
up €40,295 (+80.7%), from €49,960 to €90,254
- Tax, wage and social debts -€23,451
down €23,451 (-45.1%), from €52,052 to €28,600
of which Remuneration and social security: -€30,887
- Trade debts +€22,899
up €22,899 (+26.3%), from €87,080 to €109,979
- Current portion of long-term debt +€16,921
up €16,921 (+83.8%), from €20,193 to €37,114
- Staff costs -€17,538
down €17,538 (-9.6%), from €182,096 to €164,558
- Gross operating margin -€15,042
down €15,042 (-4.3%), from €352,624 to €337,582
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 | €779,605 | €918,964 | +€139,359 | +17.9% |
| Fixed assets | 21/28 | €443,534 | €464,896 | +€21,362 | +4.8% |
| Tangible fixed assets | 22/27 | €440,339 | €464,301 | +€23,962 | +5.4% |
| Land and buildings | 22 | €417,883 | €404,135 | -€13,747 | -3.3% |
| Plant, machinery and equipment | 23 | €3,430 | €2,643 | -€787 | -22.9% |
| Furniture and vehicles | 24 | €19,027 | €57,523 | +€38,496 | +202% |
| Financial fixed assets | 28 | €3,194 | €594 | -€2,600 | -81.4% |
| Current assets | 29/58 | €336,071 | €454,069 | +€117,997 | +35.1% |
| Stocks and contracts in progress | 3 | €262,479 | €414,171 | +€151,691 | +57.8% |
| Stocks | 30/36 | €262,479 | €414,171 | +€151,691 | +57.8% |
| Amounts receivable within one year | 40/41 | €38,267 | €36,314 | -€1,953 | -5.1% |
| Trade receivables | 40 | €20,891 | €33,067 | +€12,176 | +58.3% |
| Other amounts receivable | 41 | €17,376 | €3,246 | -€14,129 | -81.3% |
| Cash at bank and in hand | 54/58 | €7,635 | - | -€7,635 | |
| Deferred charges and accrued income | 490/1 | €27,690 | €3,584 | -€24,106 | -87.1% |
| Total equity and liabilities | 10/49 | €779,605 | €918,964 | +€139,359 | +17.9% |
| Equity | 10/15 | €183,946 | €264,631 | +€80,684 | +43.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,346 | €246,031 | +€80,684 | +48.8% |
| Distributable reserves | 133 | €165,346 | €246,031 | +€80,684 | +48.8% |
| Amounts payable | 17/49 | €595,659 | €654,334 | +€58,675 | +9.9% |
| Amounts payable after more than one year | 17 | €340,911 | €344,642 | +€3,731 | +1.1% |
| Financial debts | 170/4 | €332,414 | €344,642 | +€12,228 | +3.7% |
| Advances received on contracts in progress | 176 | €3,797 | - | -€3,797 | |
| Other amounts payable | 178/9 | €4,700 | - | -€4,700 | |
| Amounts payable within one year | 42/48 | €254,748 | €309,692 | +€54,944 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €20,193 | €37,114 | +€16,921 | +83.8% |
| Financial debts | 43 | €49,960 | €90,254 | +€40,295 | +80.7% |
| Credit institutions | 430/8 | €49,960 | €90,254 | +€40,295 | +80.7% |
| Trade debts | 44 | €87,080 | €109,979 | +€22,899 | +26.3% |
| Suppliers | 440/4 | €87,080 | €109,979 | +€22,899 | +26.3% |
| Taxes, remuneration and social security | 45 | €52,052 | €28,600 | -€23,451 | -45.1% |
| Taxes | 450/3 | €4,556 | €11,992 | +€7,435 | +163% |
| Remuneration and social security | 454/9 | €47,495 | €16,609 | -€30,887 | -65.0% |
| Other amounts payable | 47/48 | €45,464 | €43,744 | -€1,720 | -3.8% |
| Non-recurring operating income | 76A | - | €27,365 | +€27,365 | |
| Remuneration, social security and pensions | 62 | €182,096 | €164,558 | -€17,538 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,547 | €30,917 | -€630 | -2.0% |
| Other operating charges | 640/8 | €5,250 | €3,642 | -€1,608 | -30.6% |
| Gross operating margin | 9900 | €352,624 | €337,582 | -€15,042 | -4.3% |
| Operating profit (loss) | 9901 | €133,731 | €138,465 | +€4,734 | +3.5% |
| Financial income | 75/76B | €1,596 | €1,242 | -€353 | -22.1% |
| Recurring financial income | 75 | €1,596 | €1,242 | -€353 | -22.1% |
| Financial charges | 65/66B | €20,547 | €21,080 | +€533 | +2.6% |
| Recurring financial charges | 65 | €20,547 | €21,080 | +€533 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €114,780 | €118,628 | +€3,848 | +3.4% |
| Income taxes | 67/77 | €36,754 | €37,943 | +€1,190 | +3.2% |
| Profit (loss) for the period | 9904 | €78,026 | €80,684 | +€2,658 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,026 | €80,684 | +€2,658 | +3.4% |
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 29 October 2026 via checked.be.