MAGY M.: 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.
MAGY M.
Largest movements
- Cash +€32,092
up €32,092 (+82.8%), from €38,736 to €70,828
mainly Receivables within one year (+€30,742) and Depreciation (+€10,723)
- Receivables within one year -€30,742
down €30,742 (-47.5%), from €64,753 to €34,011
of which Other amounts receivable: -€29,054
- Intangible fixed assets -€10,000
down €10,000 (-13.3%), from €75,000 to €65,000
- Debts after one year -€18,682
down €18,682 (-50.8%), from €36,757 to €18,075
- Tax, wage and social debts -€10,826
down €10,826 (-75.0%), from €14,435 to €3,609
of which Taxes: -€10,908
- Short-term financial debts +€9,531
up €9,531 (+65.0%), from €14,668 to €24,199
- Trade debts +€8,854
up €8,854 (+38.6%), from €22,922 to €31,776
- Gross operating margin -€29,187
down €29,187 (-35.6%), from €81,974 to €52,787
- Other operating charges +€25,187
up €25,187 (+3,583%), from €703 to €25,890
- Taxes -€10,460
down €10,460 (-86.8%), from €12,051 to €1,591
- Financial income +€1,788
up €1,788 (+115%), from €1,552 to €3,340
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,137 | €182,503 | -€10,634 | -5.5% |
| Formation expenses | 20 | €567 | €284 | -€283 | -50.0% |
| Fixed assets | 21/28 | €75,739 | €65,300 | -€10,439 | -13.8% |
| Intangible fixed assets | 21 | €75,000 | €65,000 | -€10,000 | -13.3% |
| Tangible fixed assets | 22/27 | €639 | €200 | -€439 | -68.7% |
| Plant, machinery and equipment | 23 | €639 | €200 | -€439 | -68.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €116,831 | €116,919 | +€88 | +0.1% |
| Stocks and contracts in progress | 3 | €12,421 | €11,621 | -€800 | -6.4% |
| Stocks | 30/36 | €12,421 | €11,621 | -€800 | -6.4% |
| Amounts receivable within one year | 40/41 | €64,753 | €34,011 | -€30,742 | -47.5% |
| Trade receivables | 40 | €5,657 | €3,969 | -€1,688 | -29.8% |
| Other amounts receivable | 41 | €59,096 | €30,042 | -€29,054 | -49.2% |
| Cash at bank and in hand | 54/58 | €38,736 | €70,828 | +€32,092 | +82.8% |
| Deferred charges and accrued income | 490/1 | €921 | €458 | -€463 | -50.2% |
| Total equity and liabilities | 10/49 | €193,137 | €182,503 | -€10,634 | -5.5% |
| Equity | 10/15 | €86,393 | €86,161 | -€232 | -0.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €245 | €245 | = | 0.0% |
| Non-distributable reserves | 130/1 | €245 | €245 | = | 0.0% |
| Reserves not available under the articles | 1311 | €245 | €245 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,148 | €84,916 | -€232 | -0.3% |
| Amounts payable | 17/49 | €106,744 | €96,342 | -€10,402 | -9.7% |
| Amounts payable after more than one year | 17 | €36,757 | €18,075 | -€18,682 | -50.8% |
| Financial debts | 170/4 | €36,757 | €18,075 | -€18,682 | -50.8% |
| Amounts payable within one year | 42/48 | €69,987 | €78,267 | +€8,280 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €17,962 | €18,682 | +€720 | +4.0% |
| Financial debts | 43 | €14,668 | €24,199 | +€9,531 | +65.0% |
| Credit institutions | 430/8 | €14,668 | €24,199 | +€9,531 | +65.0% |
| Trade debts | 44 | €22,922 | €31,776 | +€8,854 | +38.6% |
| Suppliers | 440/4 | €22,922 | €31,776 | +€8,854 | +38.6% |
| Taxes, remuneration and social security | 45 | €14,435 | €3,609 | -€10,826 | -75.0% |
| Taxes | 450/3 | €12,393 | €1,485 | -€10,908 | -88.0% |
| Remuneration and social security | 454/9 | €2,042 | €2,125 | +€83 | +4.0% |
| Remuneration, social security and pensions | 62 | €9,645 | €9,801 | +€156 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,425 | €10,723 | +€298 | +2.9% |
| Other operating charges | 640/8 | €703 | €25,890 | +€25,187 | +3,583% |
| Gross operating margin | 9900 | €81,974 | €52,787 | -€29,187 | -35.6% |
| Operating profit (loss) | 9901 | €61,201 | €6,374 | -€54,827 | -89.6% |
| Financial income | 75/76B | €1,552 | €3,340 | +€1,788 | +115% |
| Recurring financial income | 75 | €1,552 | €3,340 | +€1,788 | +115% |
| Financial charges | 65/66B | €8,016 | €8,355 | +€339 | +4.2% |
| Recurring financial charges | 65 | €8,016 | €8,355 | +€339 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €54,737 | €1,359 | -€53,378 | -97.5% |
| Income taxes | 67/77 | €12,051 | €1,591 | -€10,460 | -86.8% |
| Profit (loss) for the period | 9904 | €42,686 | -€232 | -€42,918 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,686 | -€232 | -€42,918 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.