MAGAS: 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.
MAGAS
Largest movements
- Cash +€55,078
up €55,078 (+5,581%), from €987 to €56,065
mainly Trade debts (+€54,888) and Net result for the year (+€51,786)
- Receivables within one year +€46,330
up €46,330 (+81.2%), from €57,035 to €103,365
of which Trade receivables: +€31,815
- Tangible fixed assets -€9,518
down €9,518 (-30.9%), from €30,794 to €21,276
of which Furniture and vehicles: -€10,246
- Trade debts +€54,888
up €54,888 (+25.8%), from €212,372 to €267,259
- Profit (loss) carried forward +€51,786
up €51,786 (+48.2%), from €107,549 to €159,335
- Tax, wage and social debts -€14,514
down €14,514 (-52.9%), from €27,460 to €12,947
- Gross operating margin +€13,269
up €13,269 (+16.8%), from €78,893 to €92,161
- Other operating charges +€4,965
up €4,965 (+361%), from €1,377 to €6,342
- Financial charges +€3,818
up €3,818 (+3,097%), from €123 to €3,941
- Taxes +€1,168
up €1,168 (+9.9%), from €11,814 to €12,982
- Depreciation +€1,112
up €1,112 (+7.0%), from €16,001 to €17,113
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 | €348,880 | €441,041 | +€92,161 | +26.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €30,794 | €21,546 | -€9,248 | -30.0% |
| Tangible fixed assets | 22/27 | €30,794 | €21,276 | -€9,518 | -30.9% |
| Plant, machinery and equipment | 23 | €1,725 | €2,453 | +€729 | +42.2% |
| Furniture and vehicles | 24 | €29,069 | €18,823 | -€10,246 | -35.2% |
| Financial fixed assets | 28 | - | €270 | +€270 | |
| Current assets | 29/58 | €318,086 | €419,494 | +€101,408 | +31.9% |
| Amounts receivable after more than one year | 29 | €260,064 | €260,064 | = | 0.0% |
| Other amounts receivable | 291 | €260,064 | €260,064 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,035 | €103,365 | +€46,330 | +81.2% |
| Trade receivables | 40 | €32,091 | €63,906 | +€31,815 | +99.1% |
| Other amounts receivable | 41 | €24,944 | €39,460 | +€14,516 | +58.2% |
| Cash at bank and in hand | 54/58 | €987 | €56,065 | +€55,078 | +5,581% |
| Total equity and liabilities | 10/49 | €348,880 | €441,041 | +€92,161 | +26.4% |
| Equity | 10/15 | €109,049 | €160,835 | +€51,786 | +47.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,549 | €159,335 | +€51,786 | +48.2% |
| Amounts payable | 17/49 | €239,832 | €280,206 | +€40,374 | +16.8% |
| Amounts payable within one year | 42/48 | €239,832 | €280,206 | +€40,374 | +16.8% |
| Trade debts | 44 | €212,372 | €267,259 | +€54,888 | +25.8% |
| Suppliers | 440/4 | €212,372 | €267,259 | +€54,888 | +25.8% |
| Taxes, remuneration and social security | 45 | €27,460 | €12,947 | -€14,514 | -52.9% |
| Taxes | 450/3 | €27,460 | €12,947 | -€14,514 | -52.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,001 | €17,113 | +€1,112 | +7.0% |
| Other operating charges | 640/8 | €1,377 | €6,342 | +€4,965 | +361% |
| Non-recurring operating charges | 66A | €2,323 | - | -€2,323 | |
| Gross operating margin | 9900 | €78,893 | €92,161 | +€13,269 | +16.8% |
| Operating profit (loss) | 9901 | €59,191 | €68,706 | +€9,515 | +16.1% |
| Financial income | 75/76B | €1 | €3 | +€2 | +139% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +139% |
| Financial charges | 65/66B | €123 | €3,941 | +€3,818 | +3,097% |
| Recurring financial charges | 65 | €123 | €3,941 | +€3,818 | +3,097% |
| Profit (loss) for the period before taxes | 9903 | €59,069 | €64,768 | +€5,699 | +9.6% |
| Income taxes | 67/77 | €11,814 | €12,982 | +€1,168 | +9.9% |
| Profit (loss) for the period | 9904 | €47,255 | €51,786 | +€4,531 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,255 | €51,786 | +€4,531 | +9.6% |
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 29 October 2026 via checked.be.