MAG MANAGEMENT: 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.
MAG MANAGEMENT
Largest movements
- Receivables within one year -€17,124
down €17,124 (-24.0%), from €71,463 to €54,339
of which Other amounts receivable: -€14,963
- Tangible fixed assets +€1,833
new in 2025: €1,833
- Trade debts -€8,770
down €8,770 (-25.8%), from €34,013 to €25,243
- Other debts -€4,458
down €4,458 (-29.7%), from €15,000 to €10,542
- Tax, wage and social debts -€1,761
down €1,761 (-97.8%), from €1,802 to €40
- Profit (loss) carried forward -€743
down €743 (-4.1%), from €18,103 to €17,361
- Gross operating margin -€63,503
down €63,503 (-91.6%), from €69,326 to €5,823
- Taxes +€4,225
up €4,225 (+450.4%), from €938 to €5,163
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.
Cash bridge derived
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 | €71,918 | €56,185 | -€15,733 | -21.9% |
| Fixed assets | 21/28 | - | €1,833 | +€1,833 | |
| Tangible fixed assets | 22/27 | - | €1,833 | +€1,833 | |
| Plant, machinery and equipment | 23 | - | €1,833 | +€1,833 | |
| Current assets | 29/58 | €71,918 | €54,352 | -€17,566 | -24.4% |
| Amounts receivable within one year | 40/41 | €71,463 | €54,339 | -€17,124 | -24.0% |
| Trade receivables | 40 | €56,500 | €54,339 | -€2,161 | -3.8% |
| Other amounts receivable | 41 | €14,963 | - | -€14,963 | |
| Cash at bank and in hand | 54/58 | €455 | €13 | -€442 | -97.1% |
| Total equity and liabilities | 10/49 | €71,918 | €56,185 | -€15,733 | -21.9% |
| Equity | 10/15 | €21,103 | €20,361 | -€743 | -3.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,103 | €17,361 | -€743 | -4.1% |
| Amounts payable | 17/49 | €50,815 | €35,825 | -€14,990 | -29.5% |
| Amounts payable within one year | 42/48 | €50,815 | €35,825 | -€14,990 | -29.5% |
| Trade debts | 44 | €34,013 | €25,243 | -€8,770 | -25.8% |
| Suppliers | 440/4 | €34,013 | €25,243 | -€8,770 | -25.8% |
| Taxes, remuneration and social security | 45 | €1,802 | €40 | -€1,761 | -97.8% |
| Taxes | 450/3 | €1,802 | €40 | -€1,761 | -97.8% |
| Other amounts payable | 47/48 | €15,000 | €10,542 | -€4,458 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €367 | +€367 | |
| Non-recurring operating charges | 66A | €50,321 | €764 | -€49,557 | -98.5% |
| Gross operating margin | 9900 | €69,326 | €5,823 | -€63,503 | -91.6% |
| Operating profit (loss) | 9901 | €19,005 | €4,693 | -€14,313 | -75.3% |
| Financial charges | 65/66B | €101 | €272 | +€171 | +169.5% |
| Recurring financial charges | 65 | €101 | €272 | +€171 | +169.5% |
| Profit (loss) for the period before taxes | 9903 | €18,904 | €4,420 | -€14,484 | -76.6% |
| Income taxes | 67/77 | €938 | €5,163 | +€4,225 | +450.4% |
| Profit (loss) for the period | 9904 | €17,966 | -€743 | -€18,709 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,966 | -€743 | -€18,709 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.