MAGES: 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.
MAGES
Largest movements
- Cash -€8,526
down €8,526 (-94.1%), from €9,059 to €533
mainly Tax, wage and social debts (-€9,989) and Trade debts (-€5,526)
- Tangible fixed assets -€3,480
down €3,480 (-9.6%), from €36,422 to €32,942
- Tax, wage and social debts -€9,989
down €9,989 (-64.1%), from €15,594 to €5,605
of which Taxes: -€12,346
- Trade debts -€5,526
down €5,526 (-23.6%), from €23,401 to €17,875
- Profit (loss) carried forward +€3,820
up €3,820 (+9.4%), from €40,538 to €44,358
- Staff costs +€35,500
up €35,500 (+184.1%), from €19,281 to €54,781
- Gross operating margin -€20,853
down €20,853 (-22.5%), from €92,513 to €71,660
- Taxes -€11,222
down €11,222 (-89.7%), from €12,517 to €1,295
- Depreciation +€6,798
up €6,798 (+354.6%), from €1,917 to €8,715
- Other operating charges +€2,078
new in 2025: €2,078
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 | €86,409 | €74,713 | -€11,696 | -13.5% |
| Fixed assets | 21/28 | €36,887 | €33,407 | -€3,480 | -9.4% |
| Tangible fixed assets | 22/27 | €36,422 | €32,942 | -€3,480 | -9.6% |
| Other tangible fixed assets | 26 | €36,422 | €32,942 | -€3,480 | -9.6% |
| Financial fixed assets | 28 | €465 | €465 | = | 0.0% |
| Current assets | 29/58 | €49,522 | €41,306 | -€8,216 | -16.6% |
| Amounts receivable within one year | 40/41 | €40,357 | €40,773 | +€416 | +1.0% |
| Trade receivables | 40 | €31,584 | €34,529 | +€2,944 | +9.3% |
| Other amounts receivable | 41 | €8,773 | €6,244 | -€2,529 | -28.8% |
| Cash at bank and in hand | 54/58 | €9,059 | €533 | -€8,526 | -94.1% |
| Deferred charges and accrued income | 490/1 | €106 | €0 | -€106 | -100.0% |
| Total equity and liabilities | 10/49 | €86,409 | €74,713 | -€11,696 | -13.5% |
| Equity | 10/15 | €47,414 | €51,234 | +€3,820 | +8.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €676 | €676 | = | 0.0% |
| Distributable reserves | 133 | €676 | €676 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,538 | €44,358 | +€3,820 | +9.4% |
| Amounts payable | 17/49 | €38,995 | €23,480 | -€15,516 | -39.8% |
| Amounts payable within one year | 42/48 | €38,995 | €23,480 | -€15,516 | -39.8% |
| Trade debts | 44 | €23,401 | €17,875 | -€5,526 | -23.6% |
| Suppliers | 440/4 | €23,401 | €17,875 | -€5,526 | -23.6% |
| Taxes, remuneration and social security | 45 | €15,594 | €5,605 | -€9,989 | -64.1% |
| Taxes | 450/3 | €13,783 | €1,437 | -€12,346 | -89.6% |
| Remuneration and social security | 454/9 | €1,811 | €4,167 | +€2,356 | +130.1% |
| Remuneration, social security and pensions | 62 | €19,281 | €54,781 | +€35,500 | +184.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,917 | €8,715 | +€6,798 | +354.6% |
| Other operating charges | 640/8 | - | €2,078 | +€2,078 | |
| Gross operating margin | 9900 | €92,513 | €71,660 | -€20,853 | -22.5% |
| Operating profit (loss) | 9901 | €71,315 | €6,086 | -€65,230 | -91.5% |
| Financial charges | 65/66B | €691 | €971 | +€280 | +40.6% |
| Recurring financial charges | 65 | €691 | €971 | +€280 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | €70,625 | €5,115 | -€65,510 | -92.8% |
| Income taxes | 67/77 | €12,517 | €1,295 | -€11,222 | -89.7% |
| Profit (loss) for the period | 9904 | €58,108 | €3,820 | -€54,288 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,108 | €3,820 | -€54,288 | -93.4% |
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 6 October 2026 via checked.be.