MAGestion: 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.
MAGestion
Largest movements
- Receivables within one year -€46,248
down €46,248 (-51.1%), from €90,505 to €44,256
of which Other amounts receivable: -€74,000
- Cash +€12,153
up €12,153 (+6.9%), from €175,353 to €187,506
mainly Net result for the year (+€142,877) and Receivables within one year (+€46,248)
- Profit (loss) carried forward -€75,641
down €75,641 (-68.7%), from €110,026 to €34,384
- Tax, wage and social debts +€43,381
up €43,381 (+136%), from €31,878 to €75,259
of which Taxes: +€43,023
- Advances received -€12,584
down €12,584 (-69.1%), from €18,218 to €5,634
- Other debts +€8,580
up €8,580 (+209%), from €4,104 to €12,684
- Gross operating margin +€83,140
up €83,140 (+44.1%), from €188,366 to €271,505
- Taxes +€21,815
up €21,815 (+84.4%), from €25,844 to €47,659
- Provisions +€11,619
no longer reported in 2025 (was -€11,619)
- Staff costs +€6,215
up €6,215 (+16.3%), from €38,104 to €44,319
- Financial charges +€3,722
up €3,722 (+17.1%), from €21,721 to €25,443
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 | €276,449 | €241,657 | -€34,792 | -12.6% |
| Fixed assets | 21/28 | €10,399 | €9,040 | -€1,359 | -13.1% |
| Tangible fixed assets | 22/27 | €10,399 | €9,040 | -€1,359 | -13.1% |
| Furniture and vehicles | 24 | €5,553 | €6,405 | +€852 | +15.3% |
| Other tangible fixed assets | 26 | €4,847 | €2,635 | -€2,211 | -45.6% |
| Current assets | 29/58 | €266,050 | €232,617 | -€33,433 | -12.6% |
| Amounts receivable within one year | 40/41 | €90,505 | €44,256 | -€46,248 | -51.1% |
| Trade receivables | 40 | €16,505 | €44,256 | +€27,752 | +168% |
| Other amounts receivable | 41 | €74,000 | - | -€74,000 | |
| Cash at bank and in hand | 54/58 | €175,353 | €187,506 | +€12,153 | +6.9% |
| Deferred charges and accrued income | 490/1 | €192 | €855 | +€662 | +345% |
| Total equity and liabilities | 10/49 | €276,449 | €241,657 | -€34,792 | -12.6% |
| Equity | 10/15 | €175,776 | €100,134 | -€75,641 | -43.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €63,250 | €63,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,026 | €34,384 | -€75,641 | -68.7% |
| Provisions and deferred taxes | 16 | €18,055 | €18,055 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,055 | €18,055 | = | 0.0% |
| Other liabilities and charges | 164/5 | €18,055 | €18,055 | = | 0.0% |
| Amounts payable | 17/49 | €82,618 | €123,468 | +€40,849 | +49.4% |
| Amounts payable within one year | 42/48 | €82,618 | €123,468 | +€40,849 | +49.4% |
| Trade debts | 44 | €28,418 | €29,891 | +€1,472 | +5.2% |
| Suppliers | 440/4 | €28,418 | €29,891 | +€1,472 | +5.2% |
| Advances received on contracts in progress | 46 | €18,218 | €5,634 | -€12,584 | -69.1% |
| Taxes, remuneration and social security | 45 | €31,878 | €75,259 | +€43,381 | +136% |
| Taxes | 450/3 | €25,519 | €68,542 | +€43,023 | +169% |
| Remuneration and social security | 454/9 | €6,359 | €6,717 | +€359 | +5.6% |
| Other amounts payable | 47/48 | €4,104 | €12,684 | +€8,580 | +209% |
| Remuneration, social security and pensions | 62 | €38,104 | €44,319 | +€6,215 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,733 | €6,062 | +€1,329 | +28.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€11,619 | - | +€11,619 | |
| Other operating charges | 640/8 | - | €3,639 | +€3,639 | |
| Non-recurring operating charges | 66A | €8 | €2,418 | +€2,411 | +32,143% |
| Gross operating margin | 9900 | €188,366 | €271,505 | +€83,140 | +44.1% |
| Operating profit (loss) | 9901 | €157,141 | €215,067 | +€57,926 | +36.9% |
| Financial income | 75/76B | €2,450 | €911 | -€1,539 | -62.8% |
| Recurring financial income | 75 | €2,450 | €911 | -€1,539 | -62.8% |
| Financial charges | 65/66B | €21,721 | €25,443 | +€3,722 | +17.1% |
| Recurring financial charges | 65 | €21,721 | €25,443 | +€3,722 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €137,870 | €190,535 | +€52,665 | +38.2% |
| Income taxes | 67/77 | €25,844 | €47,659 | +€21,815 | +84.4% |
| Profit (loss) for the period | 9904 | €112,026 | €142,877 | +€30,850 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €112,026 | €142,877 | +€30,850 | +27.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.