MAGEESO: 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.
MAGEESO
Largest movements
- Cash +€31,147
up €31,147 (+161%), from €19,394 to €50,541
mainly Trade debts (+€16,433) and Depreciation (+€10,403)
- Tangible fixed assets -€10,403
down €10,403 (-25.9%), from €40,108 to €29,705
of which Other tangible fixed assets: -€9,451
- Receivables within one year -€6,177
down €6,177 (-26.7%), from €23,109 to €16,931
- Stocks and contracts -€2,671
down €2,671 (-13.6%), from €19,616 to €16,944
- Trade debts +€16,433
up €16,433 (+41.4%), from €39,726 to €56,159
- Short-term financial debts -€10,406
down €10,406 (-100%), from €10,406 to €0
- Tax, wage and social debts +€7,404
up €7,404 (+52.2%), from €14,190 to €21,594
of which Remuneration and social security: +€5,839
- Profit (loss) carried forward -€3,002
down €3,002 (-1.3%), from -€240,020 to -€243,022
- Other debts +€1,203
up €1,203 (+222%), from €543 to €1,746
- Staff costs -€65,051
down €65,051 (-34.6%), from €187,821 to €122,771
- Gross operating margin -€47,710
down €47,710 (-26.4%), from €180,566 to €132,856
- Financial charges -€3,231
down €3,231 (-82.7%), from €3,908 to €677
- Other operating charges -€2,804
down €2,804 (-52.1%), from €5,385 to €2,581
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 | €103,164 | €114,796 | +€11,632 | +11.3% |
| Fixed assets | 21/28 | €40,784 | €30,380 | -€10,403 | -25.5% |
| Tangible fixed assets | 22/27 | €40,108 | €29,705 | -€10,403 | -25.9% |
| Plant, machinery and equipment | 23 | €2,422 | €1,877 | -€546 | -22.5% |
| Furniture and vehicles | 24 | €1,527 | €1,120 | -€407 | -26.7% |
| Other tangible fixed assets | 26 | €36,159 | €26,708 | -€9,451 | -26.1% |
| Financial fixed assets | 28 | €676 | €676 | = | 0.0% |
| Current assets | 29/58 | €62,380 | €84,416 | +€22,036 | +35.3% |
| Stocks and contracts in progress | 3 | €19,616 | €16,944 | -€2,671 | -13.6% |
| Stocks | 30/36 | €19,616 | €16,944 | -€2,671 | -13.6% |
| Amounts receivable within one year | 40/41 | €23,109 | €16,931 | -€6,177 | -26.7% |
| Trade receivables | 40 | €23,109 | €16,931 | -€6,177 | -26.7% |
| Cash at bank and in hand | 54/58 | €19,394 | €50,541 | +€31,147 | +161% |
| Deferred charges and accrued income | 490/1 | €263 | €0 | -€263 | -100% |
| Total equity and liabilities | 10/49 | €103,164 | €114,796 | +€11,632 | +11.3% |
| Equity | 10/15 | €38,299 | €35,297 | -€3,002 | -7.8% |
| Contributions | 10/11 | €278,319 | €278,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€240,020 | -€243,022 | -€3,002 | -1.3% |
| Amounts payable | 17/49 | €64,865 | €79,499 | +€14,634 | +22.6% |
| Amounts payable within one year | 42/48 | €64,865 | €79,499 | +€14,634 | +22.6% |
| Financial debts | 43 | €10,406 | €0 | -€10,406 | -100% |
| Credit institutions | 430/8 | €10,406 | €0 | -€10,406 | -100% |
| Trade debts | 44 | €39,726 | €56,159 | +€16,433 | +41.4% |
| Suppliers | 440/4 | €39,726 | €56,159 | +€16,433 | +41.4% |
| Taxes, remuneration and social security | 45 | €14,190 | €21,594 | +€7,404 | +52.2% |
| Taxes | 450/3 | €148 | €1,713 | +€1,565 | +1,059% |
| Remuneration and social security | 454/9 | €14,042 | €19,881 | +€5,839 | +41.6% |
| Other amounts payable | 47/48 | €543 | €1,746 | +€1,203 | +222% |
| Remuneration, social security and pensions | 62 | €187,821 | €122,771 | -€65,051 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,720 | €10,403 | +€683 | +7.0% |
| Other operating charges | 640/8 | €5,385 | €2,581 | -€2,804 | -52.1% |
| Gross operating margin | 9900 | €180,566 | €132,856 | -€47,710 | -26.4% |
| Operating profit (loss) | 9901 | -€22,360 | -€2,898 | +€19,462 | +87.0% |
| Financial income | 75/76B | €312 | €574 | +€262 | +84.0% |
| Recurring financial income | 75 | €312 | €574 | +€262 | +84.0% |
| Financial charges | 65/66B | €3,908 | €677 | -€3,231 | -82.7% |
| Recurring financial charges | 65 | €3,908 | €677 | -€3,231 | -82.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,956 | -€3,002 | +€22,954 | +88.4% |
| Profit (loss) for the period | 9904 | -€25,956 | -€3,002 | +€22,954 | +88.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,956 | -€3,002 | +€22,954 | +88.4% |
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 30 October 2026 via checked.be.