Plus MGTM: 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.
Plus MGTM
Largest movements
- Receivables within one year -€8,616
down €8,616 (-68.2%), from €12,641 to €4,025
of which Trade receivables: -€12,641
- Cash -€3,665
down €3,665 (-29.9%), from €12,275 to €8,609
mainly Trade debts (-€10,440) and Tax, wage and social debts (-€7,699)
- Deferred charges and accrued income -€1,442
down €1,442 (-86.5%), from €1,667 to €224
- Trade debts -€10,440
down €10,440 (-99.5%), from €10,496 to €56
- Tax, wage and social debts -€7,699
no longer reported in 2025 (was €7,699)
- Profit (loss) carried forward +€5,186
up €5,186 (+54.0%), from -€9,604 to -€4,417
- Other debts -€771
no longer reported in 2025 (was €771)
- Gross operating margin +€15,152
up €15,152, from -€9,400 to €5,752
- Other operating charges +€432
up €432 (+366%), from €118 to €550
- Financial income +€236
new in 2025: €236
- Financial charges +€167
up €167 (+194%), from €86 to €253
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 | €26,582 | €12,859 | -€13,723 | -51.6% |
| Current assets | 29/58 | €26,582 | €12,859 | -€13,723 | -51.6% |
| Amounts receivable within one year | 40/41 | €12,641 | €4,025 | -€8,616 | -68.2% |
| Trade receivables | 40 | €12,641 | - | -€12,641 | |
| Other amounts receivable | 41 | - | €4,025 | +€4,025 | |
| Cash at bank and in hand | 54/58 | €12,275 | €8,609 | -€3,665 | -29.9% |
| Deferred charges and accrued income | 490/1 | €1,667 | €224 | -€1,442 | -86.5% |
| Total equity and liabilities | 10/49 | €26,582 | €12,859 | -€13,723 | -51.6% |
| Equity | 10/15 | €7,616 | €12,803 | +€5,186 | +68.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €16,720 | €16,720 | = | 0.0% |
| Distributable reserves | 133 | €16,720 | €16,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,604 | -€4,417 | +€5,186 | +54.0% |
| Amounts payable | 17/49 | €18,966 | €56 | -€18,910 | -99.7% |
| Amounts payable within one year | 42/48 | €18,966 | €56 | -€18,910 | -99.7% |
| Trade debts | 44 | €10,496 | €56 | -€10,440 | -99.5% |
| Suppliers | 440/4 | €10,496 | €56 | -€10,440 | -99.5% |
| Taxes, remuneration and social security | 45 | €7,699 | - | -€7,699 | |
| Taxes | 450/3 | €7,699 | - | -€7,699 | |
| Other amounts payable | 47/48 | €771 | - | -€771 | |
| Other operating charges | 640/8 | €118 | €550 | +€432 | +366% |
| Gross operating margin | 9900 | -€9,400 | €5,752 | +€15,152 | |
| Operating profit (loss) | 9901 | -€9,518 | €5,203 | +€14,720 | |
| Financial income | 75/76B | - | €236 | +€236 | |
| Recurring financial income | 75 | - | €236 | +€236 | |
| Financial charges | 65/66B | €86 | €253 | +€167 | +194% |
| Recurring financial charges | 65 | €86 | €253 | +€167 | +194% |
| Profit (loss) for the period before taxes | 9903 | -€9,604 | €5,186 | +€14,790 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,604 | €5,186 | +€14,790 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,604 | €5,186 | +€14,790 |
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 14 October 2026 via checked.be.