MGA: 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.
MGA
Largest movements
- Receivables within one year +€6,575
new in 2024: €6,575
- Cash +€2,968
up €2,968 (+142.5%), from €2,083 to €5,051
mainly Net result for the year (+€10,217) and Tax, wage and social debts (+€3,873)
- Stocks and contracts +€2,500
up €2,500 (+20.0%), from €12,500 to €15,000
- Profit (loss) carried forward +€10,217
up €10,217 (+141.5%), from €7,220 to €17,437
- Tax, wage and social debts +€3,873
up €3,873 (+116.8%), from €3,316 to €7,189
of which Remuneration and social security: +€2,010
- Other debts -€2,047
no longer reported in 2024 (was €2,047)
- Staff costs -€38,327
down €38,327 (-73.0%), from €52,477 to €14,150
- Gross operating margin -€33,620
down €33,620 (-61.6%), from €54,607 to €20,987
- Financial income +€978
up €978 (+36.9%), from €2,652 to €3,630
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,583 | €26,626 | +€12,043 | +82.6% |
| Current assets | 29/58 | €14,583 | €26,626 | +€12,043 | +82.6% |
| Stocks and contracts in progress | 3 | €12,500 | €15,000 | +€2,500 | +20.0% |
| Stocks | 30/36 | €12,500 | €15,000 | +€2,500 | +20.0% |
| Amounts receivable within one year | 40/41 | - | €6,575 | +€6,575 | |
| Other amounts receivable | 41 | - | €6,575 | +€6,575 | |
| Cash at bank and in hand | 54/58 | €2,083 | €5,051 | +€2,968 | +142.5% |
| Total equity and liabilities | 10/49 | €14,583 | €26,626 | +€12,043 | +82.6% |
| Equity | 10/15 | €9,220 | €19,437 | +€10,217 | +110.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,220 | €17,437 | +€10,217 | +141.5% |
| Amounts payable | 17/49 | €5,363 | €7,189 | +€1,826 | +34.0% |
| Amounts payable within one year | 42/48 | €5,363 | €7,189 | +€1,826 | +34.0% |
| Taxes, remuneration and social security | 45 | €3,316 | €7,189 | +€3,873 | +116.8% |
| Taxes | 450/3 | €3,316 | €5,179 | +€1,863 | +56.2% |
| Remuneration and social security | 454/9 | - | €2,010 | +€2,010 | |
| Other amounts payable | 47/48 | €2,047 | - | -€2,047 | |
| Remuneration, social security and pensions | 62 | €52,477 | €14,150 | -€38,327 | -73.0% |
| Non-recurring operating charges | 66A | - | €184 | +€184 | |
| Gross operating margin | 9900 | €54,607 | €20,987 | -€33,620 | -61.6% |
| Operating profit (loss) | 9901 | €2,130 | €6,653 | +€4,523 | +212.3% |
| Financial income | 75/76B | €2,652 | €3,630 | +€978 | +36.9% |
| Recurring financial income | 75 | €2,652 | €3,630 | +€978 | +36.9% |
| Financial charges | 65/66B | - | €66 | +€66 | |
| Recurring financial charges | 65 | - | €66 | +€66 | |
| Profit (loss) for the period before taxes | 9903 | €4,782 | €10,217 | +€5,435 | +113.7% |
| Profit (loss) for the period | 9904 | €4,782 | €10,217 | +€5,435 | +113.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,782 | €10,217 | +€5,435 | +113.7% |
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 4 October 2026 via checked.be.