M.A.G. GROUP: 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.
M.A.G. GROUP
Largest movements
- Receivables within one year +€18,054
up €18,054 (+93.4%), from €19,338 to €37,392
of which Other amounts receivable: +€18,054
- Tangible fixed assets -€1,000
down €1,000 (-4.7%), from €21,100 to €20,100
of which Furniture and vehicles: -€1,000
- Profit (loss) carried forward +€7,460
up €7,460 (+7.0%), from -€106,643 to -€99,183
- Other debts +€4,976
up €4,976 (+15.6%), from €31,839 to €36,815
- Tax, wage and social debts +€2,992
up €2,992 (+18.7%), from €15,997 to €18,989
- Short-term financial debts +€925
up €925 (+5.4%), from €17,129 to €18,054
- Trade debts +€719
up €719 (+23.5%), from €3,060 to €3,779
- Purchases and services -€10,696
no longer reported in 2025 (was €10,696)
- Financial charges -€832
down €832 (-25.2%), from €3,297 to €2,465
- Gross operating margin +€756
up €756 (+4.7%), from €15,918 to €16,674
- Taxes +€357
up €357 (+13.5%), from €2,635 to €2,992
- Other operating charges -€217
down €217 (-7.3%), from €2,971 to €2,754
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 | €41,552 | €58,625 | +€17,072 | +41.1% |
| Fixed assets | 21/28 | €21,750 | €20,750 | -€1,000 | -4.6% |
| Tangible fixed assets | 22/27 | €21,100 | €20,100 | -€1,000 | -4.7% |
| Furniture and vehicles | 24 | €1,000 | - | -€1,000 | |
| Assets under construction and advance payments | 27 | €20,100 | €20,100 | = | 0.0% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €19,802 | €37,875 | +€18,072 | +91.3% |
| Amounts receivable within one year | 40/41 | €19,338 | €37,392 | +€18,054 | +93.4% |
| Trade receivables | 40 | €6,175 | €6,175 | = | 0.0% |
| Other amounts receivable | 41 | €13,163 | €31,217 | +€18,054 | +137% |
| Cash at bank and in hand | 54/58 | €464 | €483 | +€18 | +3.9% |
| Total equity and liabilities | 10/49 | €41,552 | €58,625 | +€17,072 | +41.1% |
| Equity | 10/15 | -€26,473 | -€19,012 | +€7,460 | +28.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €18,197 | €18,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,197 | €6,197 | -€12,000 | -65.9% |
| Legal reserve | 130 | €18,197 | €6,197 | -€12,000 | -65.9% |
| Distributable reserves | 133 | - | €12,000 | +€12,000 | |
| Profit (loss) carried forward | 14 | -€106,643 | -€99,183 | +€7,460 | +7.0% |
| Amounts payable | 17/49 | €68,025 | €77,637 | +€9,612 | +14.1% |
| Amounts payable within one year | 42/48 | €68,025 | €77,637 | +€9,612 | +14.1% |
| Financial debts | 43 | €17,129 | €18,054 | +€925 | +5.4% |
| Credit institutions | 430/8 | €17,129 | €18,054 | +€925 | +5.4% |
| Trade debts | 44 | €3,060 | €3,779 | +€719 | +23.5% |
| Suppliers | 440/4 | €3,060 | €3,779 | +€719 | +23.5% |
| Taxes, remuneration and social security | 45 | €15,997 | €18,989 | +€2,992 | +18.7% |
| Taxes | 450/3 | €15,997 | €18,989 | +€2,992 | +18.7% |
| Other amounts payable | 47/48 | €31,839 | €36,815 | +€4,976 | +15.6% |
| Non-recurring operating income | 76A | €26,614 | - | -€26,614 | |
| Goods, raw materials, services and sundry goods | 60/61 | €10,696 | - | -€10,696 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,971 | €2,754 | -€217 | -7.3% |
| Non-recurring operating charges | 66A | - | €3 | +€3 | |
| Gross operating margin | 9900 | €15,918 | €16,674 | +€756 | +4.7% |
| Operating profit (loss) | 9901 | €11,947 | €12,917 | +€971 | +8.1% |
| Financial charges | 65/66B | €3,297 | €2,465 | -€832 | -25.2% |
| Recurring financial charges | 65 | €3,297 | €2,465 | -€832 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €8,649 | €10,452 | +€1,803 | +20.8% |
| Income taxes | 67/77 | €2,635 | €2,992 | +€357 | +13.5% |
| Profit (loss) for the period | 9904 | €6,014 | €7,460 | +€1,446 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,014 | €7,460 | +€1,446 | +24.0% |
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 24 October 2026 via checked.be.