MGMA EXPRESS: 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.
MGMA EXPRESS
Largest movements
- Cash -€7,403
down €7,403 (-37.2%), from €19,907 to €12,504
mainly Net result for the year (-€14,839) and Tax, wage and social debts (-€1,949)
- Deferred charges and accrued income +€1,594
new in 2024: €1,594
- Tangible fixed assets -€416
down €416 (-66.7%), from €624 to €208
- Profit (loss) carried forward -€14,839
down €14,839 (-466.0%), from -€3,184 to -€18,023
- Trade debts +€12,204
up €12,204 (+106.8%), from €11,430 to €23,634
- Tax, wage and social debts -€1,949
down €1,949 (-27.1%), from €7,200 to €5,251
of which Taxes: -€4,374
- Other debts -€1,469
no longer reported in 2024 (was €1,469)
- Gross operating margin -€13,686
down €13,686, from €376 to -€13,310
- Taxes -€2,156
no longer reported in 2024 (was €2,156)
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 | €23,631 | €17,578 | -€6,053 | -25.6% |
| Fixed assets | 21/28 | €624 | €208 | -€416 | -66.7% |
| Tangible fixed assets | 22/27 | €624 | €208 | -€416 | -66.7% |
| Plant, machinery and equipment | 23 | €624 | €208 | -€416 | -66.7% |
| Current assets | 29/58 | €23,007 | €17,370 | -€5,638 | -24.5% |
| Amounts receivable within one year | 40/41 | €3,101 | €3,272 | +€172 | +5.5% |
| Trade receivables | 40 | €3,101 | €3,272 | +€172 | +5.5% |
| Cash at bank and in hand | 54/58 | €19,907 | €12,504 | -€7,403 | -37.2% |
| Deferred charges and accrued income | 490/1 | - | €1,594 | +€1,594 | |
| Total equity and liabilities | 10/49 | €23,631 | €17,578 | -€6,053 | -25.6% |
| Equity | 10/15 | €3,531 | -€11,307 | -€14,839 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €5,716 | €5,716 | = | 0.0% |
| Distributable reserves | 133 | €5,716 | €5,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,184 | -€18,023 | -€14,839 | -466.0% |
| Amounts payable | 17/49 | €20,100 | €28,885 | +€8,785 | +43.7% |
| Amounts payable within one year | 42/48 | €20,100 | €28,885 | +€8,785 | +43.7% |
| Trade debts | 44 | €11,430 | €23,634 | +€12,204 | +106.8% |
| Suppliers | 440/4 | €11,430 | €23,634 | +€12,204 | +106.8% |
| Taxes, remuneration and social security | 45 | €7,200 | €5,251 | -€1,949 | -27.1% |
| Taxes | 450/3 | €7,200 | €2,826 | -€4,374 | -60.8% |
| Remuneration and social security | 454/9 | - | €2,425 | +€2,425 | |
| Other amounts payable | 47/48 | €1,469 | - | -€1,469 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416 | €416 | = | 0.0% |
| Other operating charges | 640/8 | €444 | €564 | +€120 | +27.1% |
| Gross operating margin | 9900 | €376 | -€13,310 | -€13,686 | |
| Operating profit (loss) | 9901 | -€484 | -€14,291 | -€13,806 | -2851.6% |
| Financial charges | 65/66B | €545 | €548 | +€4 | +0.7% |
| Recurring financial charges | 65 | €545 | €548 | +€4 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,029 | -€14,839 | -€13,810 | -1342.5% |
| Income taxes | 67/77 | €2,156 | - | -€2,156 | |
| Profit (loss) for the period | 9904 | -€3,184 | -€14,839 | -€11,654 | -366.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,184 | -€14,839 | -€11,654 | -366.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.