MAG TRADING: 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 TRADING
Largest movements
- Receivables within one year +€151,070
up €151,070 (+21.5%), from €702,812 to €853,882
of which Trade receivables: +€157,064
- Stocks and contracts -€15,348
down €15,348 (-7.7%), from €200,312 to €184,965
- Trade debts +€267,457
up €267,457 (+53.4%), from €501,088 to €768,545
- Other debts -€142,740
down €142,740 (-60.9%), from €234,418 to €91,678
- Profit (loss) carried forward +€35,702
up €35,702 (+34.7%), from €102,998 to €138,700
- Debts after one year -€18,995
no longer reported in 2025 (was €18,995)
- Depreciation -€8,000
down €8,000 (-90.5%), from €8,840 to €840
- Gross operating margin -€6,390
down €6,390 (-4.0%), from €158,411 to €152,021
- Staff costs +€5,360
up €5,360 (+5.4%), from €99,971 to €105,331
- Taxes -€2,870
down €2,870 (-24.3%), from €11,795 to €8,926
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 | €937,513 | €1,069,555 | +€132,043 | +14.1% |
| Fixed assets | 21/28 | €15,284 | €14,445 | -€840 | -5.5% |
| Intangible fixed assets | 21 | €1,078 | €539 | -€539 | -50.0% |
| Tangible fixed assets | 22/27 | €2,207 | €1,906 | -€301 | -13.6% |
| Other tangible fixed assets | 26 | €2,207 | €1,906 | -€301 | -13.6% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €922,228 | €1,055,111 | +€132,882 | +14.4% |
| Stocks and contracts in progress | 3 | €200,312 | €184,965 | -€15,348 | -7.7% |
| Stocks | 30/36 | €200,312 | €184,965 | -€15,348 | -7.7% |
| Amounts receivable within one year | 40/41 | €702,812 | €853,882 | +€151,070 | +21.5% |
| Trade receivables | 40 | €696,818 | €853,882 | +€157,064 | +22.5% |
| Other amounts receivable | 41 | €5,994 | - | -€5,994 | |
| Cash at bank and in hand | 54/58 | €19,104 | €16,263 | -€2,840 | -14.9% |
| Total equity and liabilities | 10/49 | €937,513 | €1,069,555 | +€132,043 | +14.1% |
| Equity | 10/15 | €122,892 | €158,594 | +€35,702 | +29.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,294 | €1,294 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,294 | €1,294 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,294 | €1,294 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,998 | €138,700 | +€35,702 | +34.7% |
| Amounts payable | 17/49 | €814,620 | €910,961 | +€96,341 | +11.8% |
| Amounts payable after more than one year | 17 | €18,995 | - | -€18,995 | |
| Financial debts | 170/4 | €18,995 | - | -€18,995 | |
| Amounts payable within one year | 42/48 | €795,626 | €910,961 | +€115,335 | +14.5% |
| Current portion of amounts payable after more than one year | 42 | €25,150 | €18,995 | -€6,155 | -24.5% |
| Trade debts | 44 | €501,088 | €768,545 | +€267,457 | +53.4% |
| Suppliers | 440/4 | €501,088 | €768,545 | +€267,457 | +53.4% |
| Taxes, remuneration and social security | 45 | €34,970 | €31,743 | -€3,227 | -9.2% |
| Taxes | 450/3 | €17,232 | €26,757 | +€9,525 | +55.3% |
| Remuneration and social security | 454/9 | €17,738 | €4,986 | -€12,751 | -71.9% |
| Other amounts payable | 47/48 | €234,418 | €91,678 | -€142,740 | -60.9% |
| Remuneration, social security and pensions | 62 | €99,971 | €105,331 | +€5,360 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,840 | €840 | -€8,000 | -90.5% |
| Other operating charges | 640/8 | €585 | €600 | +€15 | +2.6% |
| Gross operating margin | 9900 | €158,411 | €152,021 | -€6,390 | -4.0% |
| Operating profit (loss) | 9901 | €49,015 | €45,250 | -€3,764 | -7.7% |
| Financial charges | 65/66B | €1,834 | €623 | -€1,212 | -66.1% |
| Recurring financial charges | 65 | €1,834 | €623 | -€1,212 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €47,180 | €44,628 | -€2,553 | -5.4% |
| Income taxes | 67/77 | €11,795 | €8,926 | -€2,870 | -24.3% |
| Profit (loss) for the period | 9904 | €35,385 | €35,702 | +€317 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,385 | €35,702 | +€317 | +0.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.