M A G CONSTRUCT: 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.
M A G CONSTRUCT
Largest movements
- Cash +€29,233
up €29,233 (+104.0%), from €28,107 to €57,340
mainly Trade debts (+€47,542) and Depreciation (+€16,357)
- Receivables within one year +€28,600
up €28,600 (+16.7%), from €171,019 to €199,619
of which Trade receivables: +€42,144
- Stocks and contracts +€18,260
new in 2024: €18,260
- Deferred charges and accrued income -€15,660
down €15,660 (-84.8%), from €18,464 to €2,804
- Tangible fixed assets -€13,761
down €13,761 (-28.8%), from €47,800 to €34,039
of which Furniture and vehicles: -€8,167
- Trade debts +€47,542
up €47,542 (+121.9%), from €39,000 to €86,542
- Tax, wage and social debts -€18,752
down €18,752 (-62.4%), from €30,028 to €11,276
of which Taxes: -€15,152
- Profit (loss) carried forward +€9,686
up €9,686 (+4.8%), from €201,075 to €210,762
- Other debts +€5,533
new in 2024: €5,533
- Gross operating margin +€15,628
up €15,628 (+60.4%), from €25,875 to €41,504
- Taxes +€3,999
up €3,999 (+96.6%), from €4,139 to €8,138
- Depreciation +€2,559
up €2,559 (+18.5%), from €13,798 to €16,357
- Financial charges +€2,005
up €2,005 (+78.9%), from €2,540 to €4,545
- Other operating charges +€1,057
up €1,057 (+61.4%), from €1,721 to €2,779
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,721 | €342,393 | +€46,672 | +15.8% |
| Fixed assets | 21/28 | €51,730 | €37,969 | -€13,761 | -26.6% |
| Tangible fixed assets | 22/27 | €47,800 | €34,039 | -€13,761 | -28.8% |
| Plant, machinery and equipment | 23 | €12,918 | €7,324 | -€5,594 | -43.3% |
| Furniture and vehicles | 24 | €34,882 | €26,716 | -€8,167 | -23.4% |
| Financial fixed assets | 28 | €3,930 | €3,930 | = | 0.0% |
| Current assets | 29/58 | €243,990 | €304,423 | +€60,433 | +24.8% |
| Stocks and contracts in progress | 3 | - | €18,260 | +€18,260 | |
| Stocks | 30/36 | - | €18,260 | +€18,260 | |
| Amounts receivable within one year | 40/41 | €171,019 | €199,619 | +€28,600 | +16.7% |
| Trade receivables | 40 | €114,075 | €156,219 | +€42,144 | +36.9% |
| Other amounts receivable | 41 | €56,944 | €43,400 | -€13,544 | -23.8% |
| Current investments | 50/53 | €26,400 | €26,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,107 | €57,340 | +€29,233 | +104.0% |
| Deferred charges and accrued income | 490/1 | €18,464 | €2,804 | -€15,660 | -84.8% |
| Total equity and liabilities | 10/49 | €295,721 | €342,393 | +€46,672 | +15.8% |
| Equity | 10/15 | €224,993 | €234,679 | +€9,686 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,717 | €17,717 | = | 0.0% |
| 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 | €14,500 | €14,500 | = | 0.0% |
| Distributable reserves | 133 | €1,357 | €1,357 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,075 | €210,762 | +€9,686 | +4.8% |
| Amounts payable | 17/49 | €70,728 | €107,714 | +€36,986 | +52.3% |
| Amounts payable within one year | 42/48 | €70,728 | €107,714 | +€36,986 | +52.3% |
| Financial debts | 43 | €1,700 | €4,362 | +€2,662 | +156.6% |
| Credit institutions | 430/8 | - | €2,662 | +€2,662 | |
| Other loans | 439 | €1,700 | €1,700 | = | 0.0% |
| Trade debts | 44 | €39,000 | €86,542 | +€47,542 | +121.9% |
| Suppliers | 440/4 | €39,000 | €86,542 | +€47,542 | +121.9% |
| Taxes, remuneration and social security | 45 | €30,028 | €11,276 | -€18,752 | -62.4% |
| Taxes | 450/3 | €26,428 | €11,276 | -€15,152 | -57.3% |
| Remuneration and social security | 454/9 | €3,600 | - | -€3,600 | |
| Other amounts payable | 47/48 | - | €5,533 | +€5,533 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,798 | €16,357 | +€2,559 | +18.5% |
| Other operating charges | 640/8 | €1,721 | €2,779 | +€1,057 | +61.4% |
| Gross operating margin | 9900 | €25,875 | €41,504 | +€15,628 | +60.4% |
| Operating profit (loss) | 9901 | €10,356 | €22,368 | +€12,012 | +116.0% |
| Financial income | 75/76B | €460 | €1 | -€459 | -99.7% |
| Recurring financial income | 75 | €460 | €1 | -€459 | -99.7% |
| Financial charges | 65/66B | €2,540 | €4,545 | +€2,005 | +78.9% |
| Recurring financial charges | 65 | €2,540 | €4,545 | +€2,005 | +78.9% |
| Profit (loss) for the period before taxes | 9903 | €8,275 | €17,824 | +€9,549 | +115.4% |
| Income taxes | 67/77 | €4,139 | €8,138 | +€3,999 | +96.6% |
| Profit (loss) for the period | 9904 | €4,137 | €9,686 | +€5,550 | +134.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,137 | €9,686 | +€5,550 | +134.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.