MLGV: 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.
MLGV
Largest movements
- Financial fixed assets -€5.8m
down €5.8m (-100.0%), from €5.8m to €0
- Receivables within one year +€1.2m
new in 2025: €1.2m
- Debts after one year -€5.1m
down €5.1m (-100.0%), from €5.1m to €0
of which Other amounts payable: -€2.7m
- Other debts +€1.2m
up €1.2m (+3496.9%), from €33,313 to €1.2m
- Current portion of long-term debt -€597,142
down €597,142 (-100.0%), from €597,142 to €0
- Profit (loss) carried forward -€77,695
down €77,695 (-100.0%), from €77,695 to €0
- Gross operating margin +€1.2m
up €1.2m, from -€2,212 to €1.2m
- Financial income -€105,825
down €105,825 (-35.4%), from €298,800 to €192,975
- Financial charges +€58,922
up €58,922 (+32.6%), from €180,606 to €239,528
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 | €5,824,339 | €1,200,758 | -€4.6m | -79.4% |
| Fixed assets | 21/28 | €5,820,707 | €0 | -€5.8m | -100.0% |
| Financial fixed assets | 28 | €5,820,707 | €0 | -€5.8m | -100.0% |
| Current assets | 29/58 | €3,632 | €1,200,758 | +€1.2m | +32961.5% |
| Amounts receivable within one year | 40/41 | - | €1,198,989 | +€1.2m | |
| Other amounts receivable | 41 | - | €1,198,989 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €3,632 | €1,769 | -€1,862 | -51.3% |
| Total equity and liabilities | 10/49 | €5,824,339 | €1,200,758 | -€4.6m | -79.4% |
| Equity | 10/15 | €79,695 | €2,000 | -€77,695 | -97.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,695 | €0 | -€77,695 | -100.0% |
| Amounts payable | 17/49 | €5,744,644 | €1,198,758 | -€4.5m | -79.1% |
| Amounts payable after more than one year | 17 | €5,056,280 | €0 | -€5.1m | -100.0% |
| Financial debts | 170/4 | €2,388,573 | €0 | -€2.4m | -100.0% |
| Other amounts payable | 178/9 | €2,667,707 | €0 | -€2.7m | -100.0% |
| Amounts payable within one year | 42/48 | €630,626 | €1,198,698 | +€568,072 | +90.1% |
| Current portion of amounts payable after more than one year | 42 | €597,142 | €0 | -€597,142 | -100.0% |
| Trade debts | 44 | €171 | €450 | +€279 | +163.5% |
| Suppliers | 440/4 | €171 | €450 | +€279 | +163.5% |
| Other amounts payable | 47/48 | €33,313 | €1,198,248 | +€1.2m | +3496.9% |
| Accrued charges and deferred income | 492/3 | €57,738 | €60 | -€57,678 | -99.9% |
| Non-recurring operating income | 76A | - | €1,170,463 | +€1.2m | |
| Other operating charges | 640/8 | - | €998 | +€998 | |
| Gross operating margin | 9900 | -€2,212 | €1,168,105 | +€1.2m | |
| Operating profit (loss) | 9901 | -€2,212 | €1,167,107 | +€1.2m | |
| Financial income | 75/76B | €298,800 | €192,975 | -€105,825 | -35.4% |
| Recurring financial income | 75 | €298,800 | €192,975 | -€105,825 | -35.4% |
| Financial charges | 65/66B | €180,606 | €239,528 | +€58,922 | +32.6% |
| Recurring financial charges | 65 | €180,606 | €239,528 | +€58,922 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €115,981 | €1,120,553 | +€1.0m | +866.1% |
| Profit (loss) for the period | 9904 | €115,981 | €1,120,553 | +€1.0m | +866.1% |
| Profit (loss) for the period to be appropriated | 9905 | €115,981 | €1,120,553 | +€1.0m | +866.1% |
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 10 October 2026 via checked.be.