MAAGEN: 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.
MAAGEN
Largest movements
- Tangible fixed assets -€20,703
down €20,703 (-12.0%), from €172,795 to €152,092
- Current assets +€10,437
up €10,437 (+1.5%), from €710,170 to €720,607
of which Cash: +€5,633
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€20,372
new in 2021: €20,372
- Gross operating margin +€7,856
up €7,856 (+1740.4%), from €451 to €8,307
- Financial charges +€5,757
new in 2021: €5,757
- Other operating charges +€2,914
new in 2021: €2,914
- Taxes +€1,618
up €1,618 (+116.8%), from €1,385 to €3,003
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €882,964 | €872,698 | -€10,266 | -1.2% |
| Fixed assets | 21/28 | €172,795 | €152,092 | -€20,703 | -12.0% |
| Tangible fixed assets | 22/27 | €172,795 | €152,092 | -€20,703 | -12.0% |
| Land and buildings | 22 | - | €139,073 | +€139,073 | |
| Plant, machinery and equipment | 23 | - | €3,044 | +€3,044 | |
| Furniture and vehicles | 24 | - | €9,975 | +€9,975 | |
| Current assets | 29/58 | €710,170 | €720,607 | +€10,437 | +1.5% |
| Amounts receivable within one year | 40/41 | €5,240 | €3,050 | -€2,189 | -41.8% |
| Other amounts receivable | 41 | - | €3,050 | +€3,050 | |
| Current investments | 50/53 | €701,118 | €706,202 | +€5,084 | +0.7% |
| Cash at bank and in hand | 54/58 | €1,963 | €7,596 | +€5,633 | +287.0% |
| Deferred charges and accrued income | 490/1 | - | €3,758 | +€3,758 | |
| Total equity and liabilities | 10/49 | €882,964 | €872,698 | -€10,266 | -1.2% |
| Equity | 10/15 | €869,727 | €866,029 | -€3,698 | -0.4% |
| Contributions | 10/11 | - | €173,525 | +€173,525 | |
| Reserves | 13 | €476,163 | €476,163 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €17,353 | +€17,353 | |
| Reserves not available under the articles | 1311 | - | €17,353 | +€17,353 | |
| Distributable reserves | 133 | - | €458,810 | +€458,810 | |
| Profit (loss) carried forward | 14 | €220,039 | €216,341 | -€3,698 | -1.7% |
| Amounts payable | 17/49 | €13,238 | €6,669 | -€6,568 | -49.6% |
| Amounts payable within one year | 42/48 | €13,177 | €6,597 | -€6,580 | -49.9% |
| Trade debts | 44 | €118 | - | -€118 | |
| Other amounts payable | 47/48 | - | €6,597 | +€6,597 | |
| Accrued charges and deferred income | 492/3 | - | €73 | +€73 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,703 | €20,703 | -€0 | 0.0% |
| Other operating charges | 640/8 | - | €2,914 | +€2,914 | |
| Gross operating margin | 9900 | €451 | €8,307 | +€7,856 | +1740.4% |
| Operating profit (loss) | 9901 | -€23,142 | -€15,310 | +€7,832 | +33.8% |
| Financial income | 75/76B | - | €20,372 | +€20,372 | |
| Recurring financial income | 75 | €20,329 | €20,372 | +€42 | +0.2% |
| Financial charges | 65/66B | - | €5,757 | +€5,757 | |
| Recurring financial charges | 65 | €4,710 | €5,757 | +€1,047 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,523 | -€695 | +€6,828 | +90.8% |
| Income taxes | 67/77 | €1,385 | €3,003 | +€1,618 | +116.8% |
| Profit (loss) for the period | 9904 | -€8,908 | -€3,698 | +€5,210 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,908 | -€3,698 | +€5,210 | +58.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.