MAGS: 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.
MAGS
Largest movements
- Tangible fixed assets -€13,003
down €13,003 (-83.1%), from €15,640 to €2,637
- Receivables within one year +€12,186
up €12,186 (+115.5%), from €10,550 to €22,736
- Cash -€8,564
down €8,564 (-34.8%), from €24,602 to €16,038
mainly Other debts (-€17,340) and Receivables within one year (-€12,186)
- Other debts -€17,340
down €17,340 (-65.9%), from €26,309 to €8,969
- Profit (loss) carried forward +€5,952
up €5,952 (+51.7%), from €11,513 to €17,465
- Trade debts +€1,859
up €1,859 (+70.1%), from €2,652 to €4,511
- Depreciation -€3,276
down €3,276 (-87.7%), from €3,734 to €457
- Other operating charges +€2,381
up €2,381 (+262.8%), from €906 to €3,287
- Financial charges +€2,074
up €2,074 (+96.0%), from €2,159 to €4,233
- Taxes +€1,198
up €1,198 (+59.9%), from €2,000 to €3,198
- Gross operating margin +€474
up €474 (+2.8%), from €16,654 to €17,128
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 | €50,793 | €41,584 | -€9,209 | -18.1% |
| Fixed assets | 21/28 | €15,640 | €2,637 | -€13,003 | -83.1% |
| Tangible fixed assets | 22/27 | €15,640 | €2,637 | -€13,003 | -83.1% |
| Furniture and vehicles | 24 | €15,640 | €2,637 | -€13,003 | -83.1% |
| Current assets | 29/58 | €35,152 | €38,947 | +€3,795 | +10.8% |
| Amounts receivable within one year | 40/41 | €10,550 | €22,736 | +€12,186 | +115.5% |
| Trade receivables | 40 | €10,550 | €22,736 | +€12,186 | +115.5% |
| Cash at bank and in hand | 54/58 | €24,602 | €16,038 | -€8,564 | -34.8% |
| Deferred charges and accrued income | 490/1 | - | €173 | +€173 | |
| Total equity and liabilities | 10/49 | €50,793 | €41,584 | -€9,209 | -18.1% |
| Equity | 10/15 | €13,503 | €19,455 | +€5,952 | +44.1% |
| Contributions | 10/11 | €1,990 | €1,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,513 | €17,465 | +€5,952 | +51.7% |
| Amounts payable | 17/49 | €37,290 | €22,129 | -€15,161 | -40.7% |
| Amounts payable within one year | 42/48 | €37,290 | €22,129 | -€15,161 | -40.7% |
| Trade debts | 44 | €2,652 | €4,511 | +€1,859 | +70.1% |
| Suppliers | 440/4 | €2,652 | €4,511 | +€1,859 | +70.1% |
| Taxes, remuneration and social security | 45 | €8,328 | €8,649 | +€320 | +3.8% |
| Taxes | 450/3 | €8,328 | €8,649 | +€320 | +3.8% |
| Other amounts payable | 47/48 | €26,309 | €8,969 | -€17,340 | -65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,734 | €457 | -€3,276 | -87.7% |
| Other operating charges | 640/8 | €906 | €3,287 | +€2,381 | +262.8% |
| Gross operating margin | 9900 | €16,654 | €17,128 | +€474 | +2.8% |
| Operating profit (loss) | 9901 | €12,015 | €13,384 | +€1,369 | +11.4% |
| Financial charges | 65/66B | €2,159 | €4,233 | +€2,074 | +96.0% |
| Recurring financial charges | 65 | €2,159 | €4,233 | +€2,074 | +96.0% |
| Profit (loss) for the period before taxes | 9903 | €9,855 | €9,151 | -€705 | -7.1% |
| Income taxes | 67/77 | €2,000 | €3,198 | +€1,198 | +59.9% |
| Profit (loss) for the period | 9904 | €7,855 | €5,952 | -€1,903 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,855 | €5,952 | -€1,903 | -24.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.