MAG&J: 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&J
Largest movements
- Receivables within one year -€992
down €992 (-74.9%), from €1,325 to €333
of which Trade receivables: -€998
- Tax, wage and social debts -€1,320
down €1,320 (-85.1%), from €1,551 to €231
- Profit (loss) carried forward +€303
up €303 (+45.5%), from €665 to €968
- Trade debts +€82
up €82 (+7.8%), from €1,051 to €1,133
- Accrued charges and deferred income -€47
no longer reported in 2025 (was €47)
- Gross operating margin +€763
up €763 (+171%), from €446 to €1,209
- Taxes +€303
new in 2025: €303
- Financial charges -€43
down €43 (-17.0%), from €256 to €212
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €3,377 | €2,395 | -€982 | -29.1% |
| Current assets | 29/58 | €3,377 | €2,395 | -€982 | -29.1% |
| Amounts receivable within one year | 40/41 | €1,325 | €333 | -€992 | -74.9% |
| Trade receivables | 40 | €1,325 | €327 | -€998 | -75.3% |
| Other amounts receivable | 41 | - | €6 | +€6 | |
| Cash at bank and in hand | 54/58 | €2,052 | €2,062 | +€10 | +0.5% |
| Total equity and liabilities | 10/49 | €3,377 | €2,395 | -€982 | -29.1% |
| Equity | 10/15 | €666 | €969 | +€303 | +45.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €665 | €968 | +€303 | +45.5% |
| Amounts payable | 17/49 | €2,711 | €1,426 | -€1,285 | -47.4% |
| Amounts payable within one year | 42/48 | €2,664 | €1,426 | -€1,238 | -46.5% |
| Trade debts | 44 | €1,051 | €1,133 | +€82 | +7.8% |
| Suppliers | 440/4 | €1,051 | €1,133 | +€82 | +7.8% |
| Taxes, remuneration and social security | 45 | €1,551 | €231 | -€1,320 | -85.1% |
| Taxes | 450/3 | €1,551 | €231 | -€1,320 | -85.1% |
| Other amounts payable | 47/48 | €63 | €63 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €47 | - | -€47 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €446 | €1,209 | +€763 | +171% |
| Operating profit (loss) | 9901 | €59 | €809 | +€750 | +1,269% |
| Financial income | 75/76B | €20 | €9 | -€11 | -56.8% |
| Recurring financial income | 75 | €20 | €9 | -€11 | -56.8% |
| Financial charges | 65/66B | €256 | €212 | -€43 | -17.0% |
| Recurring financial charges | 65 | €256 | €212 | -€43 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€177 | €606 | +€782 | |
| Income taxes | 67/77 | - | €303 | +€303 | |
| Profit (loss) for the period | 9904 | -€177 | €303 | +€479 | |
| Profit (loss) for the period to be appropriated | 9905 | -€177 | €303 | +€479 |
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 15 October 2026 via checked.be.