MAGEO: 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.
MAGEO
Largest movements
- Receivables within one year +€7,359
up €7,359 (+1496.1%), from €492 to €7,850
of which Other amounts receivable: +€7,850
- Intangible fixed assets -€5,637
down €5,637 (-55.8%), from €10,103 to €4,466
- Tangible fixed assets -€4,008
down €4,008 (-77.3%), from €5,183 to €1,175
- Cash -€3,705
down €3,705 (-33.9%), from €10,942 to €7,237
mainly Net result for the year (-€18,577) and Receivables within one year (-€7,359)
- Deferred charges and accrued income +€645
up €645, from €0 to €645
- Profit (loss) carried forward -€18,577
down €18,577 (-92.5%), from -€20,090 to -€38,667
- Other debts +€8,110
up €8,110 (+40.2%), from €20,162 to €28,272
- Trade debts +€5,763
up €5,763 (+105.9%), from €5,442 to €11,205
- Tax, wage and social debts -€643
down €643 (-53.3%), from €1,206 to €563
- Gross operating margin -€32,215
down €32,215, from €26,399 to -€5,816
- Depreciation +€1,046
up €1,046 (+10.1%), from €10,336 to €11,382
- Other operating charges -€324
down €324 (-30.1%), from €1,073 to €750
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 | €26,719 | €21,372 | -€5,347 | -20.0% |
| Fixed assets | 21/28 | €15,285 | €5,640 | -€9,645 | -63.1% |
| Intangible fixed assets | 21 | €10,103 | €4,466 | -€5,637 | -55.8% |
| Tangible fixed assets | 22/27 | €5,183 | €1,175 | -€4,008 | -77.3% |
| Furniture and vehicles | 24 | €5,183 | €1,175 | -€4,008 | -77.3% |
| Current assets | 29/58 | €11,433 | €15,732 | +€4,298 | +37.6% |
| Amounts receivable within one year | 40/41 | €492 | €7,850 | +€7,359 | +1496.1% |
| Trade receivables | 40 | €492 | - | -€492 | |
| Other amounts receivable | 41 | - | €7,850 | +€7,850 | |
| Cash at bank and in hand | 54/58 | €10,942 | €7,237 | -€3,705 | -33.9% |
| Deferred charges and accrued income | 490/1 | €0 | €645 | +€645 | |
| Total equity and liabilities | 10/49 | €26,719 | €21,372 | -€5,347 | -20.0% |
| Equity | 10/15 | -€90 | -€18,667 | -€18,577 | -20604.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,090 | -€38,667 | -€18,577 | -92.5% |
| Amounts payable | 17/49 | €26,809 | €40,039 | +€13,230 | +49.3% |
| Amounts payable within one year | 42/48 | €26,809 | €40,039 | +€13,230 | +49.3% |
| Trade debts | 44 | €5,442 | €11,205 | +€5,763 | +105.9% |
| Suppliers | 440/4 | €5,442 | €11,205 | +€5,763 | +105.9% |
| Taxes, remuneration and social security | 45 | €1,206 | €563 | -€643 | -53.3% |
| Taxes | 450/3 | €1,206 | €563 | -€643 | -53.3% |
| Other amounts payable | 47/48 | €20,162 | €28,272 | +€8,110 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,336 | €11,382 | +€1,046 | +10.1% |
| Other operating charges | 640/8 | €1,073 | €750 | -€324 | -30.1% |
| Gross operating margin | 9900 | €26,399 | -€5,816 | -€32,215 | |
| Operating profit (loss) | 9901 | €14,990 | -€17,948 | -€32,938 | |
| Financial income | 75/76B | €65 | €26 | -€39 | -60.5% |
| Recurring financial income | 75 | €65 | €26 | -€39 | -60.5% |
| Financial charges | 65/66B | €745 | €605 | -€139 | -18.7% |
| Recurring financial charges | 65 | €745 | €605 | -€139 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €14,310 | -€18,528 | -€32,838 | |
| Income taxes | 67/77 | €295 | €49 | -€246 | -83.5% |
| Profit (loss) for the period | 9904 | €14,015 | -€18,577 | -€32,592 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,015 | -€18,577 | -€32,592 |
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.