maggie program: 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.
maggie program
Largest movements
- Deferred charges and accrued income -€30,799
down €30,799 (-25.3%), from €121,685 to €90,886
- Cash -€19,186
down €19,186 (-16.3%), from €117,665 to €98,479
mainly Debts after one year (-€104,660)
- Receivables within one year -€6,583
down €6,583 (-81.1%), from €8,115 to €1,532
- Debts after one year -€104,660
down €104,660 (-51.9%), from €201,827 to €97,167
- Profit (loss) carried forward +€42,002
up €42,002 (+76.3%), from -€55,025 to -€13,023
- Debts within one year +€5,288
up €5,288 (+5.2%), from €101,464 to €106,753
of which Current portion of long-term debt: +€4,622
- Gross operating margin -€36,530
down €36,530 (-40.0%), from €91,271 to €54,740
- Financial charges -€3,441
down €3,441 (-22.9%), from €15,051 to €11,609
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 | €248,266 | €190,897 | -€57,369 | -23.1% |
| Fixed assets | 21/28 | €801 | - | -€801 | |
| Tangible fixed assets | 22/27 | €801 | - | -€801 | |
| Furniture and vehicles | 24 | €801 | - | -€801 | |
| Current assets | 29/58 | €247,465 | €190,897 | -€56,568 | -22.9% |
| Amounts receivable within one year | 40/41 | €8,115 | €1,532 | -€6,583 | -81.1% |
| Other amounts receivable | 41 | €8,115 | €1,532 | -€6,583 | -81.1% |
| Cash at bank and in hand | 54/58 | €117,665 | €98,479 | -€19,186 | -16.3% |
| Deferred charges and accrued income | 490/1 | €121,685 | €90,886 | -€30,799 | -25.3% |
| Total equity and liabilities | 10/49 | €248,266 | €190,897 | -€57,369 | -23.1% |
| Equity | 10/15 | -€55,025 | -€13,023 | +€42,002 | +76.3% |
| Profit (loss) carried forward | 14 | -€55,025 | -€13,023 | +€42,002 | +76.3% |
| Amounts payable | 17/49 | €303,291 | €203,920 | -€99,372 | -32.8% |
| Amounts payable after more than one year | 17 | €201,827 | €97,167 | -€104,660 | -51.9% |
| Financial debts | 170/4 | €201,827 | €97,167 | -€104,660 | -51.9% |
| Amounts payable within one year | 42/48 | €101,464 | €106,753 | +€5,288 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €100,038 | €104,660 | +€4,622 | +4.6% |
| Trade debts | 44 | - | €667 | +€667 | |
| Suppliers | 440/4 | - | €667 | +€667 | |
| Remuneration, social security and pensions | 62 | - | €262 | +€262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,287 | €801 | -€486 | -37.8% |
| Other operating charges | 640/8 | €103 | €66 | -€38 | -36.5% |
| Gross operating margin | 9900 | €91,271 | €54,740 | -€36,530 | -40.0% |
| Operating profit (loss) | 9901 | €89,880 | €53,612 | -€36,268 | -40.4% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €15,051 | €11,609 | -€3,441 | -22.9% |
| Recurring financial charges | 65 | €15,051 | €11,609 | -€3,441 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €74,843 | €42,002 | -€32,840 | -43.9% |
| Profit (loss) for the period | 9904 | €74,843 | €42,002 | -€32,840 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,843 | €42,002 | -€32,840 | -43.9% |
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 10 October 2026 via checked.be.