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
- Current investments -€28,000
down €28,000 (-28.0%), from €100,000 to €72,000
- Deferred charges and accrued income +€11,430
new in 2024: €11,430
- Receivables within one year +€6,409
up €6,409 (+111.4%), from €5,751 to €12,161
of which Other amounts receivable: +€3,370
- Cash +€5,320
up €5,320 (+18.9%), from €28,196 to €33,516
mainly Current investments (+€28,000) and Net result for the year (+€7,422)
- Other debts -€11,881
no longer reported in 2024 (was €11,881)
- Reserves +€7,422
up €7,422 (+5.9%), from €126,449 to €133,871
- Tax, wage and social debts +€5,122
up €5,122 (+57.0%), from €8,984 to €14,106
of which Taxes: +€3,122
- Trade debts -€3,547
down €3,547 (-96.2%), from €3,687 to €141
- Depreciation +€3,717
up €3,717 (+196.3%), from €1,893 to €5,611
- Financial income +€1,095
up €1,095 (+279.8%), from €391 to €1,487
- Taxes -€1,093
down €1,093 (-24.7%), from €4,428 to €3,335
- Gross operating margin +€287
up €287 (+1.9%), from €15,290 to €15,577
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 | €154,002 | €151,118 | -€2,884 | -1.9% |
| Fixed assets | 21/28 | €20,054 | €22,012 | +€1,958 | +9.8% |
| Intangible fixed assets | 21 | €18,844 | €19,542 | +€698 | +3.7% |
| Tangible fixed assets | 22/27 | €760 | €2,020 | +€1,260 | +165.9% |
| Plant, machinery and equipment | 23 | - | €1,598 | +€1,598 | |
| Furniture and vehicles | 24 | €760 | €422 | -€338 | -44.5% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €133,948 | €129,106 | -€4,841 | -3.6% |
| Amounts receivable within one year | 40/41 | €5,751 | €12,161 | +€6,409 | +111.4% |
| Trade receivables | 40 | €5,751 | €8,791 | +€3,040 | +52.8% |
| Other amounts receivable | 41 | - | €3,370 | +€3,370 | |
| Current investments | 50/53 | €100,000 | €72,000 | -€28,000 | -28.0% |
| Cash at bank and in hand | 54/58 | €28,196 | €33,516 | +€5,320 | +18.9% |
| Deferred charges and accrued income | 490/1 | - | €11,430 | +€11,430 | |
| Total equity and liabilities | 10/49 | €154,002 | €151,118 | -€2,884 | -1.9% |
| Equity | 10/15 | €129,449 | €136,871 | +€7,422 | +5.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €126,449 | €133,871 | +€7,422 | +5.9% |
| Distributable reserves | 133 | €126,449 | €133,871 | +€7,422 | +5.9% |
| Amounts payable | 17/49 | €24,553 | €14,247 | -€10,305 | -42.0% |
| Amounts payable within one year | 42/48 | €24,553 | €14,247 | -€10,305 | -42.0% |
| Trade debts | 44 | €3,687 | €141 | -€3,547 | -96.2% |
| Suppliers | 440/4 | €3,687 | €141 | -€3,547 | -96.2% |
| Taxes, remuneration and social security | 45 | €8,984 | €14,106 | +€5,122 | +57.0% |
| Taxes | 450/3 | €8,984 | €12,106 | +€3,122 | +34.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €11,881 | - | -€11,881 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,893 | €5,611 | +€3,717 | +196.3% |
| Other operating charges | 640/8 | €449 | €547 | +€97 | +21.6% |
| Gross operating margin | 9900 | €15,290 | €15,577 | +€287 | +1.9% |
| Operating profit (loss) | 9901 | €12,947 | €9,420 | -€3,527 | -27.2% |
| Financial income | 75/76B | €391 | €1,487 | +€1,095 | +279.8% |
| Recurring financial income | 75 | €391 | €1,487 | +€1,095 | +279.8% |
| Financial charges | 65/66B | €115 | €150 | +€35 | +30.8% |
| Recurring financial charges | 65 | €115 | €150 | +€35 | +30.8% |
| Profit (loss) for the period before taxes | 9903 | €13,224 | €10,757 | -€2,467 | -18.7% |
| Income taxes | 67/77 | €4,428 | €3,335 | -€1,093 | -24.7% |
| Profit (loss) for the period | 9904 | €8,796 | €7,422 | -€1,374 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,796 | €7,422 | -€1,374 | -15.6% |
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 5 October 2026 via checked.be.