MGASYSTEMS: 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.
MGASYSTEMS
Largest movements
- Cash -€26,689
down €26,689 (-55.7%), from €47,958 to €21,269
mainly Other debts (-€24,703) and Receivables within one year (-€11,087)
- Tangible fixed assets -€12,211
down €12,211 (-23.2%), from €52,597 to €40,386
of which Furniture and vehicles: -€11,466
- Receivables within one year +€11,087
up €11,087 (+70.5%), from €15,734 to €26,821
of which Trade receivables: +€9,586
- Other debts -€24,703
down €24,703 (-72.2%), from €34,203 to €9,500
- Debts after one year -€8,708
down €8,708 (-29.9%), from €29,139 to €20,431
of which Financial debts: -€8,958
- Tax, wage and social debts +€2,306
up €2,306 (+54.6%), from €4,228 to €6,534
of which Remuneration and social security: +€1,812
- Trade debts +€1,685
up €1,685 (+27.6%), from €6,103 to €7,788
- Gross operating margin +€32,607
up €32,607 (+102.4%), from €31,855 to €64,462
- Staff costs +€10,555
up €10,555 (+57.8%), from €18,246 to €28,801
- Taxes +€4,708
up €4,708 (+2128.5%), from €221 to €4,929
- Depreciation +€1,091
up €1,091 (+8.2%), from €13,297 to €14,387
- Financial charges +€835
up €835 (+21.3%), from €3,923 to €4,758
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.
Cash bridge derived
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 | €120,848 | €92,569 | -€28,279 | -23.4% |
| Fixed assets | 21/28 | €52,892 | €40,561 | -€12,331 | -23.3% |
| Tangible fixed assets | 22/27 | €52,597 | €40,386 | -€12,211 | -23.2% |
| Plant, machinery and equipment | 23 | €1,723 | €979 | -€745 | -43.2% |
| Furniture and vehicles | 24 | €50,873 | €39,407 | -€11,466 | -22.5% |
| Financial fixed assets | 28 | €295 | €175 | -€120 | -40.7% |
| Current assets | 29/58 | €67,956 | €52,009 | -€15,948 | -23.5% |
| Amounts receivable within one year | 40/41 | €15,734 | €26,821 | +€11,087 | +70.5% |
| Trade receivables | 40 | €14,455 | €24,041 | +€9,586 | +66.3% |
| Other amounts receivable | 41 | €1,279 | €2,780 | +€1,502 | +117.4% |
| Cash at bank and in hand | 54/58 | €47,958 | €21,269 | -€26,689 | -55.7% |
| Deferred charges and accrued income | 490/1 | €4,264 | €3,918 | -€346 | -8.1% |
| Total equity and liabilities | 10/49 | €120,848 | €92,569 | -€28,279 | -23.4% |
| Equity | 10/15 | €38,436 | €39,359 | +€923 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,723 | €29,646 | +€923 | +3.2% |
| Distributable reserves | 133 | €28,723 | €29,646 | +€923 | +3.2% |
| Profit (loss) carried forward | 14 | €3,513 | €3,513 | = | 0.0% |
| Amounts payable | 17/49 | €82,413 | €53,211 | -€29,202 | -35.4% |
| Amounts payable after more than one year | 17 | €29,139 | €20,431 | -€8,708 | -29.9% |
| Financial debts | 170/4 | €29,139 | €20,181 | -€8,958 | -30.7% |
| Other amounts payable | 178/9 | - | €250 | +€250 | |
| Amounts payable within one year | 42/48 | €53,274 | €32,780 | -€20,494 | -38.5% |
| Current portion of amounts payable after more than one year | 42 | €8,740 | €8,958 | +€218 | +2.5% |
| Trade debts | 44 | €6,103 | €7,788 | +€1,685 | +27.6% |
| Suppliers | 440/4 | €6,103 | €7,788 | +€1,685 | +27.6% |
| Taxes, remuneration and social security | 45 | €4,228 | €6,534 | +€2,306 | +54.6% |
| Taxes | 450/3 | €2,658 | €3,153 | +€495 | +18.6% |
| Remuneration and social security | 454/9 | €1,569 | €3,381 | +€1,812 | +115.4% |
| Other amounts payable | 47/48 | €34,203 | €9,500 | -€24,703 | -72.2% |
| Remuneration, social security and pensions | 62 | €18,246 | €28,801 | +€10,555 | +57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,297 | €14,387 | +€1,091 | +8.2% |
| Other operating charges | 640/8 | €657 | €671 | +€14 | +2.2% |
| Gross operating margin | 9900 | €31,855 | €64,462 | +€32,607 | +102.4% |
| Operating profit (loss) | 9901 | -€343 | €20,603 | +€20,947 | |
| Financial income | 75/76B | €4 | €7 | +€3 | +85.1% |
| Recurring financial income | 75 | €4 | €7 | +€3 | +85.1% |
| Financial charges | 65/66B | €3,923 | €4,758 | +€835 | +21.3% |
| Recurring financial charges | 65 | €3,923 | €4,758 | +€835 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,262 | €15,853 | +€20,115 | |
| Income taxes | 67/77 | €221 | €4,929 | +€4,708 | +2128.5% |
| Profit (loss) for the period | 9904 | -€4,484 | €10,923 | +€15,407 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,484 | €10,923 | +€15,407 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.