OK MGM: 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.
OK MGM
Largest movements
- Receivables within one year -€95,608
down €95,608 (-52.4%), from €182,625 to €87,017
of which Other amounts receivable: -€95,036
- Reserves -€102,469
down €102,469 (-1.8%), from €5.8m to €5.7m
of which Distributable reserves: -€102,469
- Financial charges -€31,532
down €31,532 (-99.4%), from €31,732 to €200
of which Non-recurring financial charges: -€30,265
- Gross operating margin +€24,346
up €24,346, from -€1,618 to €22,728
- Financial income -€20,439
down €20,439 (-14.6%), from €139,699 to €119,260
of which Financial income: -€19,689
- Taxes +€10,204
up €10,204 (+36.0%), from €28,305 to €38,509
- Other operating charges -€1,319
down €1,319 (-16.8%), from €7,856 to €6,536
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 | €6,011,366 | €5,953,408 | -€57,957 | -1.0% |
| Fixed assets | 21/28 | €555,632 | €539,684 | -€15,948 | -2.9% |
| Tangible fixed assets | 22/27 | €498,232 | €482,284 | -€15,948 | -3.2% |
| Land and buildings | 22 | €487,388 | €472,134 | -€15,253 | -3.1% |
| Furniture and vehicles | 24 | €3,977 | €3,283 | -€695 | -17.5% |
| Other tangible fixed assets | 26 | €6,867 | €6,867 | = | 0.0% |
| Financial fixed assets | 28 | €57,400 | €57,400 | = | 0.0% |
| Current assets | 29/58 | €5,455,733 | €5,413,724 | -€42,009 | -0.8% |
| Amounts receivable after more than one year | 29 | €1,555,865 | €1,555,865 | = | 0.0% |
| Other amounts receivable | 291 | €1,555,865 | €1,555,865 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €182,625 | €87,017 | -€95,608 | -52.4% |
| Trade receivables | 40 | €39,090 | €38,518 | -€572 | -1.5% |
| Other amounts receivable | 41 | €143,534 | €48,499 | -€95,036 | -66.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,707,855 | €3,759,519 | +€51,664 | +1.4% |
| Deferred charges and accrued income | 490/1 | €9,388 | €11,323 | +€1,935 | +20.6% |
| Total equity and liabilities | 10/49 | €6,011,366 | €5,953,408 | -€57,957 | -1.0% |
| Equity | 10/15 | €5,843,622 | €5,741,152 | -€102,469 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,825,022 | €5,722,552 | -€102,469 | -1.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,825,022 | €5,722,552 | -€102,469 | -1.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €167,744 | €212,256 | +€44,512 | +26.5% |
| Amounts payable within one year | 42/48 | €167,695 | €212,256 | +€44,561 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €9,309 | €9,905 | +€596 | +6.4% |
| Suppliers | 440/4 | €9,309 | €9,905 | +€596 | +6.4% |
| Taxes, remuneration and social security | 45 | €3,107 | €19,088 | +€15,981 | +514% |
| Taxes | 450/3 | €3,107 | €19,088 | +€15,981 | +514% |
| Other amounts payable | 47/48 | €155,279 | €183,263 | +€27,984 | +18.0% |
| Accrued charges and deferred income | 492/3 | €49 | €0 | -€49 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,398 | €15,948 | -€450 | -2.7% |
| Other operating charges | 640/8 | €7,856 | €6,536 | -€1,319 | -16.8% |
| Gross operating margin | 9900 | -€1,618 | €22,728 | +€24,346 | |
| Operating profit (loss) | 9901 | -€25,872 | €243 | +€26,115 | |
| Financial income | 75/76B | €139,699 | €119,260 | -€20,439 | -14.6% |
| Recurring financial income | 75 | €138,949 | €119,260 | -€19,689 | -14.2% |
| Non-recurring financial income | 76B | €750 | €0 | -€750 | -100% |
| Financial charges | 65/66B | €31,732 | €200 | -€31,532 | -99.4% |
| Recurring financial charges | 65 | €1,467 | €200 | -€1,267 | -86.4% |
| Non-recurring financial charges | 66B | €30,265 | €0 | -€30,265 | -100% |
| Profit (loss) for the period before taxes | 9903 | €82,095 | €119,303 | +€37,208 | +45.3% |
| Income taxes | 67/77 | €28,305 | €38,509 | +€10,204 | +36.0% |
| Profit (loss) for the period | 9904 | €53,789 | €80,794 | +€27,004 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,789 | €80,794 | +€27,004 | +50.2% |
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 26 October 2026 via checked.be.