MLG Projects: 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.
MLG Projects
Largest movements
- Cash +€3,208
up €3,208 (+29.2%), from €10,995 to €14,203
mainly Net result for the year (+€16,110) and Depreciation (+€4,295)
- Deferred charges and accrued income +€1,985
up €1,985 (+798.4%), from €249 to €2,234
- Receivables within one year -€1,720
down €1,720 (-13.6%), from €12,675 to €10,956
of which Other amounts receivable: -€3,739
- Tangible fixed assets +€1,109
up €1,109 (+11.3%), from €9,819 to €10,928
of which Furniture and vehicles: +€3,380
- Profit (loss) carried forward +€16,110
up €16,110 (+81.0%), from -€19,881 to -€3,771
- Advances received -€11,278
no longer reported in 2025 (was €11,278)
- Other debts -€3,130
down €3,130 (-74.7%), from €4,189 to €1,058
- Trade debts +€1,804
up €1,804 (+48.7%), from €3,705 to €5,510
- Tax, wage and social debts +€1,077
up €1,077 (+672.7%), from €160 to €1,237
- Gross operating margin +€42,243
up €42,243, from -€18,418 to €23,825
- Depreciation +€1,024
up €1,024 (+31.3%), from €3,271 to €4,295
- Other operating charges -€525
down €525 (-44.9%), from €1,169 to €644
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 | €33,738 | €38,320 | +€4,582 | +13.6% |
| Fixed assets | 21/28 | €9,819 | €10,928 | +€1,109 | +11.3% |
| Tangible fixed assets | 22/27 | €9,819 | €10,928 | +€1,109 | +11.3% |
| Plant, machinery and equipment | 23 | €7,446 | €5,176 | -€2,271 | -30.5% |
| Furniture and vehicles | 24 | €2,373 | €5,752 | +€3,380 | +142.4% |
| Current assets | 29/58 | €23,919 | €27,392 | +€3,474 | +14.5% |
| Amounts receivable within one year | 40/41 | €12,675 | €10,956 | -€1,720 | -13.6% |
| Trade receivables | 40 | €8,429 | €10,448 | +€2,020 | +24.0% |
| Other amounts receivable | 41 | €4,247 | €507 | -€3,739 | -88.1% |
| Cash at bank and in hand | 54/58 | €10,995 | €14,203 | +€3,208 | +29.2% |
| Deferred charges and accrued income | 490/1 | €249 | €2,234 | +€1,985 | +798.4% |
| Total equity and liabilities | 10/49 | €33,738 | €38,320 | +€4,582 | +13.6% |
| Equity | 10/15 | €14,405 | €30,515 | +€16,110 | +111.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,286 | €32,286 | = | 0.0% |
| Distributable reserves | 133 | €32,286 | €32,286 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,881 | -€3,771 | +€16,110 | +81.0% |
| Amounts payable | 17/49 | €19,333 | €7,805 | -€11,528 | -59.6% |
| Amounts payable within one year | 42/48 | €19,333 | €7,805 | -€11,528 | -59.6% |
| Trade debts | 44 | €3,705 | €5,510 | +€1,804 | +48.7% |
| Suppliers | 440/4 | €3,705 | €5,510 | +€1,804 | +48.7% |
| Advances received on contracts in progress | 46 | €11,278 | - | -€11,278 | |
| Taxes, remuneration and social security | 45 | €160 | €1,237 | +€1,077 | +672.7% |
| Taxes | 450/3 | €160 | €1,237 | +€1,077 | +672.7% |
| Other amounts payable | 47/48 | €4,189 | €1,058 | -€3,130 | -74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,271 | €4,295 | +€1,024 | +31.3% |
| Other operating charges | 640/8 | €1,169 | €644 | -€525 | -44.9% |
| Gross operating margin | 9900 | -€18,418 | €23,825 | +€42,243 | |
| Operating profit (loss) | 9901 | -€22,857 | €18,886 | +€41,743 | |
| Financial income | 75/76B | €1 | €13 | +€12 | +1565.8% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +1565.8% |
| Financial charges | 65/66B | €2,542 | €2,606 | +€64 | +2.5% |
| Recurring financial charges | 65 | €2,542 | €2,106 | -€436 | -17.2% |
| Non-recurring financial charges | 66B | - | €500 | +€500 | |
| Profit (loss) for the period before taxes | 9903 | -€25,398 | €16,293 | +€41,691 | |
| Income taxes | 67/77 | €160 | €183 | +€23 | +14.5% |
| Profit (loss) for the period | 9904 | -€25,558 | €16,110 | +€41,668 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,558 | €16,110 | +€41,668 |
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 5 October 2026 via checked.be.