MGA: 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.
MGA
Largest movements
- Receivables within one year +€53,371
up €53,371 (+116.0%), from €46,009 to €99,380
- Cash -€16,123
down €16,123 (-90.2%), from €17,885 to €1,761
mainly Receivables within one year (-€53,371) and Deferred charges and accrued income (-€10,259)
- Deferred charges and accrued income +€10,259
new in 2024: €10,259
- Tangible fixed assets -€3,242
down €3,242 (-27.7%), from €11,695 to €8,453
of which Plant, machinery and equipment: -€2,076
- Trade debts +€21,229
up €21,229 (+26.6%), from €79,783 to €101,011
- Other debts +€19,187
up €19,187 (+132.6%), from €14,467 to €33,654
- Short-term financial debts -€6,000
no longer reported in 2024 (was €6,000)
- Tax, wage and social debts +€5,167
up €5,167 (+13.2%), from €39,061 to €44,228
of which Remuneration and social security: +€6,911
- Profit (loss) carried forward +€4,634
up €4,634 (+7.9%), from -€58,766 to -€54,132
- Gross operating margin +€70,334
up €70,334 (+93.2%), from €75,463 to €145,797
- Staff costs +€25,560
up €25,560 (+23.6%), from €108,528 to €134,089
- Financial charges -€3,280
down €3,280 (-88.7%), from €3,700 to €420
- Other operating charges -€2,108
down €2,108 (-38.7%), from €5,445 to €3,337
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 | €85,661 | €129,926 | +€44,265 | +51.7% |
| Fixed assets | 21/28 | €11,695 | €8,453 | -€3,242 | -27.7% |
| Tangible fixed assets | 22/27 | €11,695 | €8,453 | -€3,242 | -27.7% |
| Plant, machinery and equipment | 23 | €9,509 | €7,434 | -€2,076 | -21.8% |
| Furniture and vehicles | 24 | €2,186 | €1,020 | -€1,167 | -53.4% |
| Current assets | 29/58 | €73,966 | €121,473 | +€47,507 | +64.2% |
| Stocks and contracts in progress | 3 | €10,072 | €10,072 | = | 0.0% |
| Stocks | 30/36 | €10,072 | €10,072 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,009 | €99,380 | +€53,371 | +116.0% |
| Trade receivables | 40 | €46,009 | €99,380 | +€53,371 | +116.0% |
| Cash at bank and in hand | 54/58 | €17,885 | €1,761 | -€16,123 | -90.2% |
| Deferred charges and accrued income | 490/1 | - | €10,259 | +€10,259 | |
| Total equity and liabilities | 10/49 | €85,661 | €129,926 | +€44,265 | +51.7% |
| Equity | 10/15 | -€53,766 | -€49,132 | +€4,634 | +8.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,766 | -€54,132 | +€4,634 | +7.9% |
| Amounts payable | 17/49 | €139,427 | €179,059 | +€39,632 | +28.4% |
| Amounts payable within one year | 42/48 | €139,312 | €178,893 | +€39,582 | +28.4% |
| Financial debts | 43 | €6,000 | - | -€6,000 | |
| Other loans | 439 | €6,000 | - | -€6,000 | |
| Trade debts | 44 | €79,783 | €101,011 | +€21,229 | +26.6% |
| Suppliers | 440/4 | €79,783 | €101,011 | +€21,229 | +26.6% |
| Taxes, remuneration and social security | 45 | €39,061 | €44,228 | +€5,167 | +13.2% |
| Taxes | 450/3 | €20,380 | €18,636 | -€1,744 | -8.6% |
| Remuneration and social security | 454/9 | €18,682 | €25,592 | +€6,911 | +37.0% |
| Other amounts payable | 47/48 | €14,467 | €33,654 | +€19,187 | +132.6% |
| Accrued charges and deferred income | 492/3 | €115 | €165 | +€50 | +43.4% |
| Remuneration, social security and pensions | 62 | €108,528 | €134,089 | +€25,560 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,106 | €3,242 | +€137 | +4.4% |
| Other operating charges | 640/8 | €5,445 | €3,337 | -€2,108 | -38.7% |
| Gross operating margin | 9900 | €75,463 | €145,797 | +€70,334 | +93.2% |
| Operating profit (loss) | 9901 | -€41,615 | €5,129 | +€46,744 | |
| Financial income | 75/76B | €79 | €64 | -€15 | -18.7% |
| Recurring financial income | 75 | €79 | €64 | -€15 | -18.7% |
| Financial charges | 65/66B | €3,700 | €420 | -€3,280 | -88.7% |
| Recurring financial charges | 65 | €3,700 | €420 | -€3,280 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | -€45,237 | €4,773 | +€50,010 | |
| Income taxes | 67/77 | €123 | €140 | +€16 | +13.2% |
| Profit (loss) for the period | 9904 | -€45,360 | €4,634 | +€49,993 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,360 | €4,634 | +€49,993 |
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 10 October 2026 via checked.be.