MAG & MAG CONSTRUCTION: what changed
What changed
MAG & MAG CONSTRUCTION
NACE 43.422, Screed work
filed annual accounts (NBB)
Net result for the year
€5,020
2024 · €5,617-€597
Equity
€87,573
2024 · €93,521-€5,947
Cash
€58,800
2024 · €25,297+€33,503
Balance sheet total
€116,769
2024 · €106,126+€10,643
Largest movements
Assets
- Cash +€33,503
up €33,503 (+132%), from €25,297 to €58,800
mainly Receivables within one year (+€25,195) and Other debts (+€11,621)
- Receivables within one year -€25,195
down €25,195 (-31.9%), from €79,048 to €53,853
of which Trade receivables: -€24,277
- Deferred charges and accrued income +€2,131
up €2,131 (+312%), from €683 to €2,814
Equity and liabilities
- Other debts +€11,621
up €11,621 (+21,034%), from €55 to €11,677
- Tax, wage and social debts +€6,120
up €6,120 (+1,090%), from €562 to €6,682
of which Remuneration and social security: +€6,180
- Reserves -€5,947
down €5,947 (-7.9%), from €74,921 to €68,973
- Current portion of long-term debt -€1,734
down €1,734 (-100%), from €1,734 to €0
Income statement
- Gross operating margin -€27,163
down €27,163 (-70.9%), from €38,336 to €11,172
- Write-downs -€24,830
down €24,830 (-100%), from €24,830 to €0
- Depreciation -€3,841
down €3,841 (-80.4%), from €4,776 to €935
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,617
Gross operating margin
-€27,163
Depreciation
+€3,841
Write-downs
+€24,830
Other operating charges
-€3
Other operating items
-€2,150
Financial income
-€173
Financial charges
+€61
Taxes
+€160
Result 2025
€5,020
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€47,343
Investment
-€1,139
Financing
-€12,702
Cash 2024
€25,297
From operations (derived)
+€47,343
Net result for the year
+€5,020
Depreciation
+€935
Receivables within one year
+€25,195
Deferred charges and accrued income
-€2,131
Trade debts
+€583
Tax, wage and social debts
+€6,120
Other debts
+€11,621
Investment (derived)
-€1,139
Investment in fixed assets (net)
-€1,139
Financing
-€12,702
Current portion of long-term debt
-€1,734
Contributions, distributions and other
-€10,968
Cash 2025
€58,800
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,126 | €116,769 | +€10,643 | +10.0% |
| Fixed assets | 21/28 | €1,099 | €1,302 | +€204 | +18.5% |
| Tangible fixed assets | 22/27 | €1,099 | €1,302 | +€204 | +18.5% |
| Plant, machinery and equipment | 23 | €551 | €148 | -€404 | -73.2% |
| Furniture and vehicles | 24 | €547 | €1,155 | +€607 | +111% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €105,028 | €115,467 | +€10,439 | +9.9% |
| Amounts receivable within one year | 40/41 | €79,048 | €53,853 | -€25,195 | -31.9% |
| Trade receivables | 40 | €65,007 | €40,729 | -€24,277 | -37.3% |
| Other amounts receivable | 41 | €14,041 | €13,123 | -€918 | -6.5% |
| Cash at bank and in hand | 54/58 | €25,297 | €58,800 | +€33,503 | +132% |
| Deferred charges and accrued income | 490/1 | €683 | €2,814 | +€2,131 | +312% |
| Total equity and liabilities | 10/49 | €106,126 | €116,769 | +€10,643 | +10.0% |
| Equity | 10/15 | €93,521 | €87,573 | -€5,947 | -6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,921 | €68,973 | -€5,947 | -7.9% |
| Distributable reserves | 133 | €74,921 | €68,973 | -€5,947 | -7.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €12,606 | €29,196 | +€16,590 | +132% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €12,606 | €29,196 | +€16,590 | +132% |
| Current portion of amounts payable after more than one year | 42 | €1,734 | €0 | -€1,734 | -100% |
| Trade debts | 44 | €10,254 | €10,837 | +€583 | +5.7% |
| Suppliers | 440/4 | €10,254 | €10,837 | +€583 | +5.7% |
| Taxes, remuneration and social security | 45 | €562 | €6,682 | +€6,120 | +1,090% |
| Taxes | 450/3 | €562 | €502 | -€60 | -10.6% |
| Remuneration and social security | 454/9 | €0 | €6,180 | +€6,180 | |
| Other amounts payable | 47/48 | €55 | €11,677 | +€11,621 | +21,034% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,776 | €935 | -€3,841 | -80.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,830 | €0 | -€24,830 | -100% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Non-recurring operating charges | 66A | - | €2,150 | +€2,150 | |
| Gross operating margin | 9900 | €38,336 | €11,172 | -€27,163 | -70.9% |
| Operating profit (loss) | 9901 | €8,345 | €7,700 | -€645 | -7.7% |
| Financial income | 75/76B | €297 | €124 | -€173 | -58.3% |
| Recurring financial income | 75 | €297 | €124 | -€173 | -58.3% |
| Financial charges | 65/66B | €792 | €731 | -€61 | -7.7% |
| Recurring financial charges | 65 | €792 | €731 | -€61 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €7,849 | €7,093 | -€757 | -9.6% |
| Income taxes | 67/77 | €2,232 | €2,072 | -€160 | -7.2% |
| Profit (loss) for the period | 9904 | €5,617 | €5,020 | -€597 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,617 | €5,020 | -€597 | -10.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.