MLGA: 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.
MLGA
Largest movements
- Tangible fixed assets +€44,948
new in 2025: €44,948
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Receivables within one year +€4,248
up €4,248 (+36.0%), from €11,803 to €16,052
of which Other amounts receivable: +€3,641
- Cash -€3,225
down €3,225 (-4.8%), from €67,487 to €64,262
mainly Contributions, distributions and other (-€110,000) and Investment in fixed assets (net) (-€47,427)
- Reserves -€82,476
down €82,476 (-97.3%), from €84,794 to €2,318
- Accrued charges and deferred income +€63,304
up €63,304 (+10281.2%), from €616 to €63,919
- Debts after one year +€43,234
new in 2025: €43,234
- Tax, wage and social debts -€7,671
down €7,671 (-37.6%), from €20,394 to €12,723
- Gross operating margin +€5,320
up €5,320 (+14.8%), from €36,049 to €41,368
- Depreciation +€2,480
new in 2025: €2,480
- Other operating charges +€1,568
up €1,568 (+189.1%), from €829 to €2,396
- Taxes +€641
up €641 (+8.3%), from €7,718 to €8,359
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 | €109,291 | €126,275 | +€16,984 | +15.5% |
| Fixed assets | 21/28 | - | €44,948 | +€44,948 | |
| Tangible fixed assets | 22/27 | - | €44,948 | +€44,948 | |
| Furniture and vehicles | 24 | - | €44,948 | +€44,948 | |
| Current assets | 29/58 | €109,291 | €81,327 | -€27,963 | -25.6% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €11,803 | €16,052 | +€4,248 | +36.0% |
| Trade receivables | 40 | €10,595 | €11,202 | +€607 | +5.7% |
| Other amounts receivable | 41 | €1,209 | €4,850 | +€3,641 | +301.3% |
| Cash at bank and in hand | 54/58 | €67,487 | €64,262 | -€3,225 | -4.8% |
| Deferred charges and accrued income | 490/1 | - | €1,013 | +€1,013 | |
| Total equity and liabilities | 10/49 | €109,291 | €126,275 | +€16,984 | +15.5% |
| Equity | 10/15 | €87,794 | €5,318 | -€82,476 | -93.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €84,794 | €2,318 | -€82,476 | -97.3% |
| Distributable reserves | 133 | €84,794 | €2,318 | -€82,476 | -97.3% |
| Amounts payable | 17/49 | €21,497 | €120,957 | +€99,460 | +462.7% |
| Amounts payable after more than one year | 17 | - | €43,234 | +€43,234 | |
| Financial debts | 170/4 | - | €43,234 | +€43,234 | |
| Amounts payable within one year | 42/48 | €20,881 | €13,803 | -€7,078 | -33.9% |
| Trade debts | 44 | €487 | €1,080 | +€593 | +121.6% |
| Suppliers | 440/4 | €487 | €1,080 | +€593 | +121.6% |
| Taxes, remuneration and social security | 45 | €20,394 | €12,723 | -€7,671 | -37.6% |
| Taxes | 450/3 | €20,394 | €12,723 | -€7,671 | -37.6% |
| Accrued charges and deferred income | 492/3 | €616 | €63,919 | +€63,304 | +10281.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,480 | +€2,480 | |
| Other operating charges | 640/8 | €829 | €2,396 | +€1,568 | +189.1% |
| Gross operating margin | 9900 | €36,049 | €41,368 | +€5,320 | +14.8% |
| Operating profit (loss) | 9901 | €35,220 | €36,492 | +€1,273 | +3.6% |
| Financial income | 75/76B | €112 | €3 | -€110 | -97.6% |
| Recurring financial income | 75 | €112 | €3 | -€110 | -97.6% |
| Financial charges | 65/66B | €205 | €612 | +€406 | +197.7% |
| Recurring financial charges | 65 | €205 | €612 | +€406 | +197.7% |
| Profit (loss) for the period before taxes | 9903 | €35,127 | €35,883 | +€757 | +2.2% |
| Income taxes | 67/77 | €7,718 | €8,359 | +€641 | +8.3% |
| Profit (loss) for the period | 9904 | €27,409 | €27,524 | +€116 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,409 | €27,524 | +€116 | +0.4% |
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 3 October 2026 via checked.be.