MNG SERVICES: 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.
MNG SERVICES
Largest movements
- Cash +€53,015
up €53,015 (+24.1%), from €219,530 to €272,545
mainly Other debts (+€33,250) and Net result for the year (+€27,758)
- Receivables within one year -€23,520
down €23,520 (-54.4%), from €43,217 to €19,697
of which Trade receivables: -€19,101
- Tangible fixed assets -€12,368
down €12,368 (-21.3%), from €58,131 to €45,763
of which Leasing and similar rights: -€13,385
- Other debts +€33,250
new in 2025: €33,250
- Reserves -€15,000
down €15,000 (-10.3%), from €145,860 to €130,860
of which Tax-exempt reserves: -€35,000
- Debts after one year -€12,815
down €12,815 (-42.7%), from €30,021 to €17,205
- Profit (loss) carried forward +€7,758
up €7,758 (+6.6%), from €117,511 to €125,269
- Gross operating margin +€15,668
up €15,668 (+34.0%), from €46,036 to €61,705
- Turnover +€12,056
up €12,056 (+7.3%), from €164,612 to €176,669
- Taxes +€10,354
up €10,354 (+220.4%), from €4,699 to €15,053
- Other operating charges -€2,411
down €2,411 (-49.7%), from €4,850 to €2,439
- Depreciation +€2,217
up €2,217 (+17.5%), from €12,672 to €14,889
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 | €323,129 | €339,279 | +€16,149 | +5.0% |
| Fixed assets | 21/28 | €58,131 | €45,763 | -€12,368 | -21.3% |
| Tangible fixed assets | 22/27 | €58,131 | €45,763 | -€12,368 | -21.3% |
| Furniture and vehicles | 24 | €2,398 | €3,415 | +€1,017 | +42.4% |
| Leasing and similar rights | 25 | €55,733 | €42,348 | -€13,385 | -24.0% |
| Current assets | 29/58 | €264,998 | €293,515 | +€28,517 | +10.8% |
| Amounts receivable within one year | 40/41 | €43,217 | €19,697 | -€23,520 | -54.4% |
| Trade receivables | 40 | €35,472 | €16,371 | -€19,101 | -53.8% |
| Other amounts receivable | 41 | €7,745 | €3,325 | -€4,419 | -57.1% |
| Cash at bank and in hand | 54/58 | €219,530 | €272,545 | +€53,015 | +24.1% |
| Deferred charges and accrued income | 490/1 | €2,251 | €1,273 | -€978 | -43.4% |
| Total equity and liabilities | 10/49 | €323,129 | €339,279 | +€16,149 | +5.0% |
| Equity | 10/15 | €269,571 | €262,329 | -€7,242 | -2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €145,860 | €130,860 | -€15,000 | -10.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €95,000 | €60,000 | -€35,000 | -36.8% |
| Distributable reserves | 133 | €49,000 | €69,000 | +€20,000 | +40.8% |
| Profit (loss) carried forward | 14 | €117,511 | €125,269 | +€7,758 | +6.6% |
| Amounts payable | 17/49 | €53,559 | €76,950 | +€23,391 | +43.7% |
| Amounts payable after more than one year | 17 | €30,021 | €17,205 | -€12,815 | -42.7% |
| Financial debts | 170/4 | €30,021 | €17,205 | -€12,815 | -42.7% |
| Amounts payable within one year | 42/48 | €23,538 | €59,745 | +€36,207 | +153.8% |
| Current portion of amounts payable after more than one year | 42 | €12,269 | €12,672 | +€404 | +3.3% |
| Trade debts | 44 | €4,651 | €5,539 | +€888 | +19.1% |
| Suppliers | 440/4 | €4,651 | €5,539 | +€888 | +19.1% |
| Taxes, remuneration and social security | 45 | €6,619 | €8,284 | +€1,665 | +25.2% |
| Taxes | 450/3 | €6,619 | €8,284 | +€1,665 | +25.2% |
| Other amounts payable | 47/48 | - | €33,250 | +€33,250 | |
| Turnover | 70 | €164,612 | €176,669 | +€12,056 | +7.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €118,576 | €119,723 | +€1,147 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,672 | €14,889 | +€2,217 | +17.5% |
| Other operating charges | 640/8 | €4,850 | €2,439 | -€2,411 | -49.7% |
| Gross operating margin | 9900 | €46,036 | €61,705 | +€15,668 | +34.0% |
| Operating profit (loss) | 9901 | €28,514 | €44,376 | +€15,862 | +55.6% |
| Financial income | 75/76B | €882 | €1,345 | +€463 | +52.5% |
| Recurring financial income | 75 | €882 | €1,345 | +€463 | +52.5% |
| Financial charges | 65/66B | €1,708 | €2,910 | +€1,202 | +70.3% |
| Recurring financial charges | 65 | €1,708 | €2,910 | +€1,202 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | €27,687 | €42,811 | +€15,124 | +54.6% |
| Income taxes | 67/77 | €4,699 | €15,053 | +€10,354 | +220.4% |
| Profit (loss) for the period | 9904 | €22,988 | €27,758 | +€4,770 | +20.7% |
| Transfer from tax-exempt reserves | 789 | - | €35,000 | +€35,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,988 | €62,758 | +€39,770 | +173.0% |
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 4 October 2026 via checked.be.