MGMS: 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.
MGMS
Largest movements
- Receivables within one year +€19,947
up €19,947 (+134.1%), from €14,876 to €34,823
- Cash +€7,911
up €7,911 (+77.3%), from €10,236 to €18,147
mainly Net result for the year (+€32,853) and Other debts (+€9,840)
- Deferred charges and accrued income +€6,806
up €6,806 (+9107.1%), from €75 to €6,880
- Tangible fixed assets +€1,451
up €1,451 (+155.1%), from €936 to €2,386
- Profit (loss) carried forward +€11,353
new in 2024: €11,353
- Other debts +€9,840
up €9,840 (+80.7%), from €12,190 to €22,031
- Tax, wage and social debts +€7,858
up €7,858 (+90.7%), from €8,667 to €16,525
- Trade debts +€7,064
up €7,064 (+2670.5%), from €265 to €7,328
- Gross operating margin +€27,756
up €27,756 (+173.3%), from €16,018 to €43,775
- Taxes +€5,523
up €5,523 (+155.3%), from €3,556 to €9,078
- Other operating charges +€681
up €681 (+2618.8%), from €26 to €707
- Financial charges +€567
up €567 (+31506.1%), from €2 to €569
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 | €26,122 | €62,237 | +€36,115 | +138.3% |
| Fixed assets | 21/28 | €936 | €2,386 | +€1,451 | +155.1% |
| Tangible fixed assets | 22/27 | €936 | €2,386 | +€1,451 | +155.1% |
| Furniture and vehicles | 24 | €936 | €2,386 | +€1,451 | +155.1% |
| Current assets | 29/58 | €25,186 | €59,850 | +€34,664 | +137.6% |
| Amounts receivable within one year | 40/41 | €14,876 | €34,823 | +€19,947 | +134.1% |
| Trade receivables | 40 | €14,876 | €34,823 | +€19,947 | +134.1% |
| Cash at bank and in hand | 54/58 | €10,236 | €18,147 | +€7,911 | +77.3% |
| Deferred charges and accrued income | 490/1 | €75 | €6,880 | +€6,806 | +9107.1% |
| Total equity and liabilities | 10/49 | €26,122 | €62,237 | +€36,115 | +138.3% |
| Equity | 10/15 | €5,000 | €16,353 | +€11,353 | +227.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €11,353 | +€11,353 | |
| Amounts payable | 17/49 | €21,122 | €45,884 | +€24,762 | +117.2% |
| Amounts payable within one year | 42/48 | €21,122 | €45,884 | +€24,762 | +117.2% |
| Trade debts | 44 | €265 | €7,328 | +€7,064 | +2670.5% |
| Suppliers | 440/4 | €265 | €7,328 | +€7,064 | +2670.5% |
| Taxes, remuneration and social security | 45 | €8,667 | €16,525 | +€7,858 | +90.7% |
| Taxes | 450/3 | €8,667 | €16,525 | +€7,858 | +90.7% |
| Other amounts payable | 47/48 | €12,190 | €22,031 | +€9,840 | +80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281 | €569 | +€287 | +102.2% |
| Other operating charges | 640/8 | €26 | €707 | +€681 | +2618.8% |
| Gross operating margin | 9900 | €16,018 | €43,775 | +€27,756 | +173.3% |
| Operating profit (loss) | 9901 | €15,711 | €42,499 | +€26,788 | +170.5% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2 | €569 | +€567 | +31506.1% |
| Recurring financial charges | 65 | €2 | €569 | +€567 | +31506.1% |
| Profit (loss) for the period before taxes | 9903 | €15,709 | €41,932 | +€26,222 | +166.9% |
| Income taxes | 67/77 | €3,556 | €9,078 | +€5,523 | +155.3% |
| Profit (loss) for the period | 9904 | €12,154 | €32,853 | +€20,700 | +170.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,154 | €32,853 | +€20,700 | +170.3% |
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 29 September 2026 via checked.be.