MGA BLUE SERVICES: 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 BLUE SERVICES
Largest movements
- Receivables after one year +€106,638
up €106,638 (+22.6%), from €472,385 to €579,023
- Receivables within one year -€93,947
down €93,947 (-45.3%), from €207,523 to €113,576
of which Trade receivables: -€79,870
- Profit (loss) carried forward +€65,930
up €65,930 (+14.3%), from €461,473 to €527,403
- Trade debts -€64,225
down €64,225 (-91.3%), from €70,337 to €6,113
- Tax, wage and social debts +€13,792
up €13,792 (+19.6%), from €70,250 to €84,042
of which Remuneration and social security: +€14,294
- Gross operating margin -€41,358
down €41,358 (-17.1%), from €242,551 to €201,193
- Other operating charges -€9,743
down €9,743 (-56.5%), from €17,253 to €7,510
- Staff costs +€9,334
up €9,334 (+9.5%), from €97,863 to €107,198
- Taxes -€7,591
down €7,591 (-22.6%), from €33,571 to €25,981
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €694,760 | €710,258 | +€15,498 | +2.2% |
| Fixed assets | 21/28 | €563 | €3,062 | +€2,499 | +444% |
| Tangible fixed assets | 22/27 | €563 | €3,062 | +€2,499 | +444% |
| Furniture and vehicles | 24 | €563 | €3,062 | +€2,499 | +444% |
| Current assets | 29/58 | €694,197 | €707,196 | +€12,998 | +1.9% |
| Amounts receivable after more than one year | 29 | €472,385 | €579,023 | +€106,638 | +22.6% |
| Other amounts receivable | 291 | €472,385 | €579,023 | +€106,638 | +22.6% |
| Amounts receivable within one year | 40/41 | €207,523 | €113,576 | -€93,947 | -45.3% |
| Trade receivables | 40 | €100,355 | €20,485 | -€79,870 | -79.6% |
| Other amounts receivable | 41 | €107,168 | €93,091 | -€14,077 | -13.1% |
| Cash at bank and in hand | 54/58 | €13,481 | €14,250 | +€769 | +5.7% |
| Deferred charges and accrued income | 490/1 | €809 | €347 | -€462 | -57.1% |
| Total equity and liabilities | 10/49 | €694,760 | €710,258 | +€15,498 | +2.2% |
| Equity | 10/15 | €467,673 | €533,603 | +€65,930 | +14.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €461,473 | €527,403 | +€65,930 | +14.3% |
| Amounts payable | 17/49 | €227,087 | €176,655 | -€50,432 | -22.2% |
| Amounts payable within one year | 42/48 | €227,087 | €176,655 | -€50,432 | -22.2% |
| Trade debts | 44 | €70,337 | €6,113 | -€64,225 | -91.3% |
| Suppliers | 440/4 | €70,337 | €6,113 | -€64,225 | -91.3% |
| Taxes, remuneration and social security | 45 | €70,250 | €84,042 | +€13,792 | +19.6% |
| Taxes | 450/3 | €70,250 | €69,748 | -€502 | -0.7% |
| Remuneration and social security | 454/9 | - | €14,294 | +€14,294 | |
| Other amounts payable | 47/48 | €86,500 | €86,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €97,863 | €107,198 | +€9,334 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €807 | €472 | -€335 | -41.5% |
| Other operating charges | 640/8 | €17,253 | €7,510 | -€9,743 | -56.5% |
| Gross operating margin | 9900 | €242,551 | €201,193 | -€41,358 | -17.1% |
| Operating profit (loss) | 9901 | €126,628 | €86,013 | -€40,615 | -32.1% |
| Financial income | 75/76B | €13,096 | €14,361 | +€1,264 | +9.7% |
| Recurring financial income | 75 | €13,096 | €14,361 | +€1,264 | +9.7% |
| Financial charges | 65/66B | €8,210 | €8,463 | +€253 | +3.1% |
| Recurring financial charges | 65 | €8,210 | €8,463 | +€253 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €131,515 | €91,911 | -€39,604 | -30.1% |
| Income taxes | 67/77 | €33,571 | €25,981 | -€7,591 | -22.6% |
| Profit (loss) for the period | 9904 | €97,943 | €65,930 | -€32,013 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,943 | €65,930 | -€32,013 | -32.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.