MAG CONSULTING: 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.
MAG CONSULTING
Largest movements
- Tangible fixed assets +€10,814
up €10,814 (+100%), from €10,784 to €21,598
- Receivables within one year -€10,223
down €10,223 (-50.4%), from €20,289 to €10,066
- Cash -€3,572
down €3,572 (-24.5%), from €14,574 to €11,002
mainly Net result for the year (-€14,994) and Investment in fixed assets (net) (-€11,985)
- Profit (loss) carried forward -€14,994
down €14,994 (-38.9%), from €38,566 to €23,572
- Debts within one year +€12,013
up €12,013 (+201%), from €5,981 to €17,994
- Taxes +€26,269
new in 2020: €26,269
- Gross operating margin -€24,783
down €24,783 (-60.1%), from €41,239 to €16,456
- Depreciation -€554
down €554 (-32.1%), from €1,725 to €1,170
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,647 | €42,666 | -€2,981 | -6.5% |
| Fixed assets | 21/28 | €10,784 | €21,598 | +€10,814 | +100% |
| Tangible fixed assets | 22/27 | €10,784 | €21,598 | +€10,814 | +100% |
| Current assets | 29/58 | €34,863 | €21,068 | -€13,795 | -39.6% |
| Amounts receivable within one year | 40/41 | €20,289 | €10,066 | -€10,223 | -50.4% |
| Cash at bank and in hand | 54/58 | €14,574 | €11,002 | -€3,572 | -24.5% |
| Total equity and liabilities | 10/49 | €45,647 | €42,666 | -€2,981 | -6.5% |
| Equity | 10/15 | €39,666 | €24,672 | -€14,994 | -37.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,566 | €23,572 | -€14,994 | -38.9% |
| Amounts payable | 17/49 | €5,981 | €17,994 | +€12,013 | +201% |
| Amounts payable within one year | 42/48 | €5,981 | €17,994 | +€12,013 | +201% |
| Trade debts | 44 | €5,981 | €1,952 | -€4,029 | -67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,725 | €1,170 | -€554 | -32.1% |
| Gross operating margin | 9900 | €41,239 | €16,456 | -€24,783 | -60.1% |
| Operating profit (loss) | 9901 | €38,780 | €11,864 | -€26,915 | -69.4% |
| Recurring financial charges | 65 | €114 | €589 | +€476 | +419% |
| Profit (loss) for the period before taxes | 9903 | €38,666 | €11,275 | -€27,391 | -70.8% |
| Income taxes | 67/77 | - | €26,269 | +€26,269 | |
| Profit (loss) for the period | 9904 | €38,666 | -€14,994 | -€53,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,666 | -€14,994 | -€53,660 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.