MAGE: 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.
MAGE
Largest movements
- Financial fixed assets +€21,659
new in 2025: €21,659
- Receivables within one year -€19,482
down €19,482 (-5.5%), from €351,671 to €332,188
of which Trade receivables: -€51,433
- Cash +€18,423
up €18,423 (+3.3%), from €563,932 to €582,355
mainly Net result for the year (+€146,529) and Other debts (+€135,286)
- Other debts +€135,286
up €135,286 (+139.2%), from €97,164 to €232,450
- Trade debts -€128,350
down €128,350 (-73.4%), from €174,805 to €46,455
- Current portion of long-term debt +€11,863
new in 2025: €11,863
- Gross operating margin +€6,802
up €6,802 (+3.6%), from €187,234 to €194,037
- Financial income +€4,358
up €4,358 (+770.0%), from €566 to €4,924
- Taxes +€3,736
up €3,736 (+8.1%), from €46,045 to €49,780
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 | €918,799 | €937,732 | +€18,933 | +2.1% |
| Fixed assets | 21/28 | €3,196 | €23,189 | +€19,992 | +625.5% |
| Tangible fixed assets | 22/27 | €3,196 | €1,530 | -€1,667 | -52.1% |
| Furniture and vehicles | 24 | €3,196 | €1,530 | -€1,667 | -52.1% |
| Financial fixed assets | 28 | - | €21,659 | +€21,659 | |
| Current assets | 29/58 | €915,603 | €914,543 | -€1,060 | -0.1% |
| Amounts receivable within one year | 40/41 | €351,671 | €332,188 | -€19,482 | -5.5% |
| Trade receivables | 40 | €345,285 | €293,852 | -€51,433 | -14.9% |
| Other amounts receivable | 41 | €6,386 | €38,336 | +€31,951 | +500.3% |
| Cash at bank and in hand | 54/58 | €563,932 | €582,355 | +€18,423 | +3.3% |
| Total equity and liabilities | 10/49 | €918,799 | €937,732 | +€18,933 | +2.1% |
| Equity | 10/15 | €91,330 | €87,860 | -€3,471 | -3.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €85,100 | €84,600 | -€500 | -0.6% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €43,000 | €42,500 | -€500 | -1.2% |
| Profit (loss) carried forward | 14 | €3,230 | €260 | -€2,971 | -92.0% |
| Amounts payable | 17/49 | €827,469 | €849,872 | +€22,403 | +2.7% |
| Amounts payable after more than one year | 17 | €555,500 | €555,500 | = | 0.0% |
| Financial debts | 170/4 | €555,500 | €555,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €271,969 | €294,372 | +€22,403 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | - | €11,863 | +€11,863 | |
| Trade debts | 44 | €174,805 | €46,455 | -€128,350 | -73.4% |
| Suppliers | 440/4 | €174,805 | €46,455 | -€128,350 | -73.4% |
| Taxes, remuneration and social security | 45 | - | €3,604 | +€3,604 | |
| Taxes | 450/3 | - | €3,604 | +€3,604 | |
| Other amounts payable | 47/48 | €97,164 | €232,450 | +€135,286 | +139.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,667 | €1,667 | = | 0.0% |
| Other operating charges | 640/8 | - | €419 | +€419 | |
| Gross operating margin | 9900 | €187,234 | €194,037 | +€6,802 | +3.6% |
| Operating profit (loss) | 9901 | €185,568 | €191,951 | +€6,384 | +3.4% |
| Financial income | 75/76B | €566 | €4,924 | +€4,358 | +770.0% |
| Recurring financial income | 75 | €566 | €4,924 | +€4,358 | +770.0% |
| Financial charges | 65/66B | €120 | €566 | +€446 | +371.4% |
| Recurring financial charges | 65 | €120 | €566 | +€446 | +371.4% |
| Profit (loss) for the period before taxes | 9903 | €186,014 | €196,310 | +€10,296 | +5.5% |
| Income taxes | 67/77 | €46,045 | €49,780 | +€3,736 | +8.1% |
| Profit (loss) for the period | 9904 | €139,969 | €146,529 | +€6,561 | +4.7% |
| Transfer to tax-exempt reserves | 689 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €97,869 | €146,529 | +€48,661 | +49.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.