Margoo: 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.
What changed
Margoo
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€6,794
2023 · €1,370+€5,424
Equity
€2.3m
2023 · €2.3m+€6,794
Cash
€62,653
2023 · €87,193-€24,540
Balance sheet total
€3.0m
2023 · €3.0m-€8,839
Largest movements
Assets
- Tangible fixed assets +€41,638
up €41,638 (+3.3%), from €1.2m to €1.3m
of which Land and buildings: +€72,277
Equity and liabilities
- Other debts -€32,904
down €32,904 (-6.9%), from €478,738 to €445,834
Income statement
- Other operating charges -€30,149
down €30,149 (-55.1%), from €54,673 to €24,524
- Financial charges +€19,199
up €19,199 (+100.2%), from €19,153 to €38,352
- Depreciation +€6,031
up €6,031 (+10.3%), from €58,512 to €64,543
- Gross operating margin +€2,861
up €2,861 (+2.2%), from €133,024 to €135,886
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.
Result 2023
€1,370
Gross operating margin
+€2,861
Depreciation
-€6,031
Other operating charges
+€30,149
Financial income
-€27
Financial charges
-€19,199
Taxes
-€896
Deferred taxes and other
-€1,433
Result 2024
€6,794
Cash bridge derived
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.
From operations
+€81,641
Investment
-€106,181
Financing
€0
Cash 2023
€87,193
From operations (derived)
+€81,641
Net result for the year
+€6,794
Depreciation
+€64,543
Receivables within one year
+€23,351
Deferred charges and accrued income
+€2,586
Provisions
-€8,045
Trade debts
+€627
Tax, wage and social debts
+€5,737
Other debts
-€32,904
Accrued charges and deferred income
+€18,952
Investment (derived)
-€106,181
Investment in fixed assets (net)
-€106,181
Cash 2024
€62,653
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,012,645 | €3,003,806 | -€8,839 | -0.3% |
| Fixed assets | 21/28 | €1,250,816 | €1,292,454 | +€41,638 | +3.3% |
| Tangible fixed assets | 22/27 | €1,247,919 | €1,289,557 | +€41,638 | +3.3% |
| Land and buildings | 22 | €1,044,328 | €1,116,605 | +€72,277 | +6.9% |
| Plant, machinery and equipment | 23 | €203,591 | €172,952 | -€30,639 | -15.0% |
| Financial fixed assets | 28 | €2,897 | €2,897 | = | 0.0% |
| Current assets | 29/58 | €1,761,829 | €1,711,352 | -€50,477 | -2.9% |
| Amounts receivable within one year | 40/41 | €1,668,448 | €1,645,097 | -€23,351 | -1.4% |
| Trade receivables | 40 | €2,968 | €24,461 | +€21,493 | +724.1% |
| Other amounts receivable | 41 | €1,665,480 | €1,620,636 | -€44,844 | -2.7% |
| Cash at bank and in hand | 54/58 | €87,193 | €62,653 | -€24,540 | -28.1% |
| Deferred charges and accrued income | 490/1 | €6,188 | €3,603 | -€2,586 | -41.8% |
| Total equity and liabilities | 10/49 | €3,012,645 | €3,003,806 | -€8,839 | -0.3% |
| Equity | 10/15 | €2,339,608 | €2,346,402 | +€6,794 | +0.3% |
| Contributions | 10/11 | €1,580,000 | €1,580,000 | = | 0.0% |
| Capital | 10 | €1,580,000 | €1,580,000 | = | 0.0% |
| Issued capital | 100 | €1,580,000 | €1,580,000 | = | 0.0% |
| Reserves | 13 | €451,377 | €428,919 | -€22,458 | -5.0% |
| Non-distributable reserves | 130/1 | €12,035 | €12,035 | = | 0.0% |
| Legal reserve | 130 | €12,035 | €12,035 | = | 0.0% |
| Tax-exempt reserves | 132 | €424,280 | €401,822 | -€22,458 | -5.3% |
| Distributable reserves | 133 | €15,062 | €15,062 | = | 0.0% |
| Profit (loss) carried forward | 14 | €308,231 | €337,483 | +€29,252 | +9.5% |
| Provisions and deferred taxes | 16 | €167,171 | €159,126 | -€8,045 | -4.8% |
| Deferred taxes | 168 | €167,171 | €159,126 | -€8,045 | -4.8% |
| Amounts payable | 17/49 | €505,866 | €498,278 | -€7,588 | -1.5% |
| Amounts payable after more than one year | 17 | €7,585 | €7,585 | = | 0.0% |
| Other amounts payable | 178/9 | €7,585 | €7,585 | = | 0.0% |
| Amounts payable within one year | 42/48 | €479,156 | €452,616 | -€26,540 | -5.5% |
| Trade debts | 44 | €418 | €1,045 | +€627 | +149.9% |
| Suppliers | 440/4 | €418 | €1,045 | +€627 | +149.9% |
| Taxes, remuneration and social security | 45 | - | €5,737 | +€5,737 | |
| Taxes | 450/3 | - | €5,737 | +€5,737 | |
| Other amounts payable | 47/48 | €478,738 | €445,834 | -€32,904 | -6.9% |
| Accrued charges and deferred income | 492/3 | €19,125 | €38,077 | +€18,952 | +99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,512 | €64,543 | +€6,031 | +10.3% |
| Other operating charges | 640/8 | €54,673 | €24,524 | -€30,149 | -55.1% |
| Gross operating margin | 9900 | €133,024 | €135,886 | +€2,861 | +2.2% |
| Operating profit (loss) | 9901 | €19,839 | €46,818 | +€26,979 | +136.0% |
| Financial income | 75/76B | €27 | - | -€27 | |
| Recurring financial income | 75 | €27 | - | -€27 | |
| Financial charges | 65/66B | €19,153 | €38,352 | +€19,199 | +100.2% |
| Recurring financial charges | 65 | €19,153 | €38,352 | +€19,199 | +100.2% |
| Profit (loss) for the period before taxes | 9903 | €713 | €8,467 | +€7,753 | +1086.7% |
| Transfer from deferred taxes | 780 | €9,478 | €8,045 | -€1,433 | -15.1% |
| Income taxes | 67/77 | €8,822 | €9,718 | +€896 | +10.2% |
| Profit (loss) for the period | 9904 | €1,370 | €6,794 | +€5,424 | +396.0% |
| Transfer from tax-exempt reserves | 789 | €25,080 | €22,458 | -€2,622 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,450 | €29,252 | +€2,802 | +10.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.