MAG SERVICES: 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 SERVICES
Largest movements
- Cash +€46,213
up €46,213 (+2495.7%), from €1,852 to €48,065
mainly Receivables within one year (+€30,821) and Depreciation (+€14,131)
- Receivables within one year -€30,821
down €30,821 (-75.5%), from €40,821 to €10,000
of which Trade receivables: -€30,000
- Tangible fixed assets -€14,131
down €14,131 (-53.2%), from €26,551 to €12,420
- Deferred charges and accrued income -€708
no longer reported in 2025 (was €708)
- Debts after one year -€9,262
down €9,262 (-85.6%), from €10,816 to €1,553
- Trade debts +€3,544
up €3,544 (+883.0%), from €401 to €3,945
- Tax, wage and social debts +€3,358
up €3,358 (+113.4%), from €2,960 to €6,318
- Other debts +€2,233
up €2,233 (+236.0%), from €946 to €3,179
- Turnover -€42,300
no longer reported in 2025 (was €42,300)
- Purchases and services -€25,263
no longer reported in 2025 (was €25,263)
- Gross operating margin -€2,891
down €2,891 (-13.6%), from €21,330 to €18,439
- Depreciation -€1,605
down €1,605 (-10.2%), from €15,737 to €14,131
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 | €69,931 | €70,485 | +€554 | +0.8% |
| Fixed assets | 21/28 | €26,551 | €12,420 | -€14,131 | -53.2% |
| Tangible fixed assets | 22/27 | €26,551 | €12,420 | -€14,131 | -53.2% |
| Furniture and vehicles | 24 | €26,551 | €12,420 | -€14,131 | -53.2% |
| Current assets | 29/58 | €43,380 | €58,065 | +€14,685 | +33.9% |
| Amounts receivable within one year | 40/41 | €40,821 | €10,000 | -€30,821 | -75.5% |
| Trade receivables | 40 | €40,000 | €10,000 | -€30,000 | -75.0% |
| Other amounts receivable | 41 | €821 | - | -€821 | |
| Cash at bank and in hand | 54/58 | €1,852 | €48,065 | +€46,213 | +2495.7% |
| Deferred charges and accrued income | 490/1 | €708 | - | -€708 | |
| Total equity and liabilities | 10/49 | €69,931 | €70,485 | +€554 | +0.8% |
| Equity | 10/15 | €45,642 | €46,229 | +€586 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,182 | €20,769 | +€586 | +2.9% |
| Amounts payable | 17/49 | €24,289 | €24,257 | -€32 | -0.1% |
| Amounts payable after more than one year | 17 | €10,816 | €1,553 | -€9,262 | -85.6% |
| Financial debts | 170/4 | €10,816 | €1,553 | -€9,262 | -85.6% |
| Amounts payable within one year | 42/48 | €13,474 | €22,704 | +€9,230 | +68.5% |
| Current portion of amounts payable after more than one year | 42 | €9,166 | €9,262 | +€96 | +1.0% |
| Trade debts | 44 | €401 | €3,945 | +€3,544 | +883.0% |
| Suppliers | 440/4 | €401 | €3,945 | +€3,544 | +883.0% |
| Taxes, remuneration and social security | 45 | €2,960 | €6,318 | +€3,358 | +113.4% |
| Taxes | 450/3 | €2,960 | €6,318 | +€3,358 | +113.4% |
| Other amounts payable | 47/48 | €946 | €3,179 | +€2,233 | +236.0% |
| Turnover | 70 | €42,300 | - | -€42,300 | |
| Goods, raw materials, services and sundry goods | 60/61 | €25,263 | - | -€25,263 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,737 | €14,131 | -€1,605 | -10.2% |
| Other operating charges | 640/8 | €442 | €428 | -€14 | -3.2% |
| Non-recurring operating charges | 66A | €56 | €53 | -€3 | -5.4% |
| Gross operating margin | 9900 | €21,330 | €18,439 | -€2,891 | -13.6% |
| Operating profit (loss) | 9901 | €5,095 | €3,827 | -€1,268 | -24.9% |
| Financial charges | 65/66B | €395 | €315 | -€80 | -20.3% |
| Recurring financial charges | 65 | €395 | €315 | -€80 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €4,700 | €3,512 | -€1,188 | -25.3% |
| Income taxes | 67/77 | €2,589 | €2,926 | +€336 | +13.0% |
| Profit (loss) for the period | 9904 | €2,111 | €586 | -€1,524 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,111 | €586 | -€1,524 | -72.2% |
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 3 October 2026 via checked.be.