MAG&Co: 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.
What changed
MAG&Co
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€315,493
2024 · €326,480-€10,987
Equity
€2.4m
2024 · €2.0m+€315,493
Cash
€2.0m
2024 · €1.8m+€179,299
Balance sheet total
€3.1m
2024 · €2.9m+€239,666
Largest movements
Assets
- Cash +€179,299
up €179,299 (+9.8%), from €1.8m to €2.0m
mainly Net result for the year (+€315,493) and Depreciation (+€38,833)
- Financial fixed assets +€99,900
up €99,900 (+12.2%), from €818,100 to €918,000
Equity and liabilities
- Reserves +€315,493
up €315,493 (+15.7%), from €2.0m to €2.3m
of which Distributable reserves: +€315,493
- Other debts -€53,701
down €53,701 (-7.6%), from €707,188 to €653,487
Income statement
- Depreciation +€16,922
up €16,922 (+77.2%), from €21,911 to €38,833
- Financial income +€13,049
up €13,049 (+62.7%), from €20,823 to €33,872
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.
Result 2024
€326,480
Gross operating margin
-€4,641
Depreciation
-€16,922
Other operating charges
+€88
Financial income
+€13,049
Financial charges
-€507
Taxes
-€2,054
Result 2025
€315,493
raises the resultlowers the result
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.
From operations
+€299,048
Investment
-€109,135
Financing
-€10,613
Cash 2024
€1.8m
From operations (derived)
+€299,048
Net result for the year
+€315,493
Depreciation
+€38,833
Receivables within one year
+€7,537
Deferred charges and accrued income
+€2,398
Trade debts
-€9,292
Tax, wage and social debts
-€2,365
Other debts
-€53,701
Accrued charges and deferred income
+€145
Investment (derived)
-€109,135
Investment in fixed assets (net)
-€109,135
Financing
-€10,613
Debts after one year
-€13,982
Current portion of long-term debt
+€596
Short-term financial debts
+€2,772
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,865,904 | €3,105,570 | +€239,666 | +8.4% |
| Fixed assets | 21/28 | €973,029 | €1,043,331 | +€70,303 | +7.2% |
| Tangible fixed assets | 22/27 | €154,929 | €125,331 | -€29,597 | -19.1% |
| Land and buildings | 22 | €24,962 | €16,735 | -€8,227 | -33.0% |
| Plant, machinery and equipment | 23 | €450 | €300 | -€150 | -33.3% |
| Furniture and vehicles | 24 | €129,154 | €108,024 | -€21,130 | -16.4% |
| Other tangible fixed assets | 26 | €363 | €272 | -€91 | -25.0% |
| Financial fixed assets | 28 | €818,100 | €918,000 | +€99,900 | +12.2% |
| Current assets | 29/58 | €1,892,876 | €2,062,239 | +€169,364 | +8.9% |
| Amounts receivable within one year | 40/41 | €9,171 | €1,634 | -€7,537 | -82.2% |
| Other amounts receivable | 41 | €9,171 | €1,634 | -€7,537 | -82.2% |
| Cash at bank and in hand | 54/58 | €1,829,881 | €2,009,180 | +€179,299 | +9.8% |
| Deferred charges and accrued income | 490/1 | €53,824 | €51,426 | -€2,398 | -4.5% |
| Total equity and liabilities | 10/49 | €2,865,904 | €3,105,570 | +€239,666 | +8.4% |
| Equity | 10/15 | €2,043,511 | €2,359,003 | +€315,493 | +15.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,013,511 | €2,329,003 | +€315,493 | +15.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €2,013,511 | €2,329,003 | +€315,493 | +15.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €822,394 | €746,567 | -€75,827 | -9.2% |
| Amounts payable after more than one year | 17 | €29,829 | €15,848 | -€13,982 | -46.9% |
| Financial debts | 170/4 | €29,829 | €15,848 | -€13,982 | -46.9% |
| Amounts payable within one year | 42/48 | €762,369 | €700,379 | -€61,990 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €13,386 | €13,982 | +€596 | +4.5% |
| Financial debts | 43 | - | €2,772 | +€2,772 | |
| Credit institutions | 430/8 | - | €2,772 | +€2,772 | |
| Trade debts | 44 | €29,944 | €20,652 | -€9,292 | -31.0% |
| Suppliers | 440/4 | €29,944 | €20,652 | -€9,292 | -31.0% |
| Taxes, remuneration and social security | 45 | €11,852 | €9,486 | -€2,365 | -20.0% |
| Taxes | 450/3 | €11,852 | €9,486 | -€2,365 | -20.0% |
| Other amounts payable | 47/48 | €707,188 | €653,487 | -€53,701 | -7.6% |
| Accrued charges and deferred income | 492/3 | €30,195 | €30,340 | +€145 | +0.5% |
| Non-recurring operating income | 76A | €16,471 | €0 | -€16,471 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,911 | €38,833 | +€16,922 | +77.2% |
| Other operating charges | 640/8 | €4,787 | €4,699 | -€88 | -1.8% |
| Gross operating margin | 9900 | €468,364 | €463,722 | -€4,641 | -1.0% |
| Operating profit (loss) | 9901 | €441,666 | €420,190 | -€21,475 | -4.9% |
| Financial income | 75/76B | €20,823 | €33,872 | +€13,049 | +62.7% |
| Recurring financial income | 75 | €20,823 | €33,872 | +€13,049 | +62.7% |
| Financial charges | 65/66B | €32,157 | €32,663 | +€507 | +1.6% |
| Recurring financial charges | 65 | €32,157 | €32,663 | +€507 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €430,332 | €421,399 | -€8,933 | -2.1% |
| Income taxes | 67/77 | €103,852 | €105,906 | +€2,054 | +2.0% |
| Profit (loss) for the period | 9904 | €326,480 | €315,493 | -€10,987 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €326,480 | €315,493 | -€10,987 | -3.4% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.