Mager: 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.
Mager
Largest movements
- Cash +€24,510
up €24,510 (+64.7%), from €37,858 to €62,368
mainly Net result for the year (+€19,780) and Tax, wage and social debts (+€13,975)
- Deferred charges and accrued income +€2,130
up €2,130 (+47.0%), from €4,532 to €6,662
- Tangible fixed assets -€1,935
down €1,935 (-38.8%), from €4,980 to €3,045
- Reserves +€19,780
up €19,780 (+481.9%), from €4,105 to €23,885
of which Distributable reserves: +€19,780
- Tax, wage and social debts +€13,975
up €13,975 (+174.1%), from €8,028 to €22,003
of which Taxes: +€14,197
- Trade debts -€7,222
down €7,222 (-44.4%), from €16,277 to €9,055
- Gross operating margin +€29,221
up €29,221 (+20.5%), from €142,858 to €172,079
- Staff costs +€14,738
up €14,738 (+11.7%), from €126,405 to €141,143
- Taxes +€8,322
up €8,322 (+1069.1%), from €778 to €9,100
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 | €122,885 | €149,419 | +€26,533 | +21.6% |
| Fixed assets | 21/28 | €5,070 | €3,135 | -€1,935 | -38.2% |
| Tangible fixed assets | 22/27 | €4,980 | €3,045 | -€1,935 | -38.8% |
| Furniture and vehicles | 24 | €4,980 | €3,045 | -€1,935 | -38.8% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €117,816 | €146,283 | +€28,468 | +24.2% |
| Stocks and contracts in progress | 3 | €6,218 | €7,323 | +€1,105 | +17.8% |
| Stocks | 30/36 | €6,218 | €7,323 | +€1,105 | +17.8% |
| Amounts receivable within one year | 40/41 | €59,169 | €59,869 | +€700 | +1.2% |
| Trade receivables | 40 | €42,904 | €43,441 | +€536 | +1.2% |
| Other amounts receivable | 41 | €16,265 | €16,428 | +€163 | +1.0% |
| Current investments | 50/53 | €10,039 | €10,062 | +€23 | +0.2% |
| Cash at bank and in hand | 54/58 | €37,858 | €62,368 | +€24,510 | +64.7% |
| Deferred charges and accrued income | 490/1 | €4,532 | €6,662 | +€2,130 | +47.0% |
| Total equity and liabilities | 10/49 | €122,885 | €149,419 | +€26,533 | +21.6% |
| Equity | 10/15 | €98,580 | €118,360 | +€19,780 | +20.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €4,105 | €23,885 | +€19,780 | +481.9% |
| Non-distributable reserves | 130/1 | €2,205 | €2,205 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,205 | €2,205 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €21,680 | +€19,780 | +1041.1% |
| Profit (loss) carried forward | 14 | €75,475 | €75,475 | = | 0.0% |
| Amounts payable | 17/49 | €24,305 | €31,058 | +€6,753 | +27.8% |
| Amounts payable within one year | 42/48 | €24,305 | €31,058 | +€6,753 | +27.8% |
| Trade debts | 44 | €16,277 | €9,055 | -€7,222 | -44.4% |
| Suppliers | 440/4 | €16,277 | €9,055 | -€7,222 | -44.4% |
| Taxes, remuneration and social security | 45 | €8,028 | €22,003 | +€13,975 | +174.1% |
| Taxes | 450/3 | €1,534 | €15,732 | +€14,197 | +925.3% |
| Remuneration and social security | 454/9 | €6,494 | €6,271 | -€222 | -3.4% |
| Remuneration, social security and pensions | 62 | €126,405 | €141,143 | +€14,738 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,237 | €1,935 | +€698 | +56.4% |
| Other operating charges | 640/8 | €777 | €793 | +€16 | +2.1% |
| Gross operating margin | 9900 | €142,858 | €172,079 | +€29,221 | +20.5% |
| Operating profit (loss) | 9901 | €14,439 | €28,209 | +€13,770 | +95.4% |
| Financial income | 75/76B | €963 | €919 | -€44 | -4.5% |
| Recurring financial income | 75 | €963 | €919 | -€44 | -4.5% |
| Financial charges | 65/66B | €693 | €247 | -€446 | -64.3% |
| Recurring financial charges | 65 | €693 | €247 | -€446 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | €14,708 | €28,881 | +€14,173 | +96.4% |
| Income taxes | 67/77 | €778 | €9,100 | +€8,322 | +1069.1% |
| Profit (loss) for the period | 9904 | €13,930 | €19,780 | +€5,850 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,930 | €19,780 | +€5,850 | +42.0% |
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 4 October 2026 via checked.be.