From the passenger facilities standpoint I agree, they are pretty dire, but when one of your major passenger customers is Ryanair who would like as likely walk away from EMA is they were asked to pay more than a pittance for the terminal facilities there is little financial incentive to invest more than is absolutely necessary. There are no full service carriers, such as KL, LH, AF or EK who would require for their business class passengers some level of creature comforts and with the best will in the world, good as the are sad to be, Jet2 aren't a premium carrier either.
On the cargo side MAG would appear to have been more than willing to work with their client base to ensure a world class cargo facility, and that cooperation and investment is really paying dividends now.