De Magneet: 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.
De Magneet
Largest movements
- Cash +€92,556
up €92,556 (+56.6%), from €163,463 to €256,019
mainly Depreciation (+€66,444) and Net result for the year (+€31,823)
- Tangible fixed assets -€66,444
down €66,444 (-23.1%), from €288,228 to €221,784
- Receivables within one year +€13,377
up €13,377 (+163%), from €8,202 to €21,578
of which Trade receivables: +€8,061
- Reserves +€31,823
up €31,823 (+15.2%), from €209,955 to €241,778
of which Distributable reserves: +€31,823
- Current portion of long-term debt +€7,341
up €7,341 (+4.2%), from €176,713 to €184,054
- Staff costs +€31,244
up €31,244 (+12.4%), from €252,172 to €283,416
- Depreciation +€24,809
up €24,809 (+59.6%), from €41,635 to €66,444
- Gross operating margin -€10,762
down €10,762 (-2.5%), from €425,081 to €414,319
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 | €472,970 | €512,459 | +€39,489 | +8.3% |
| Fixed assets | 21/28 | €288,228 | €221,784 | -€66,444 | -23.1% |
| Tangible fixed assets | 22/27 | €288,228 | €221,784 | -€66,444 | -23.1% |
| Furniture and vehicles | 24 | €288,228 | €221,784 | -€66,444 | -23.1% |
| Current assets | 29/58 | €184,742 | €290,675 | +€105,933 | +57.3% |
| Stocks and contracts in progress | 3 | €13,077 | €13,077 | = | 0.0% |
| Stocks | 30/36 | €13,077 | €13,077 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,202 | €21,578 | +€13,377 | +163% |
| Trade receivables | 40 | €3,190 | €11,251 | +€8,061 | +253% |
| Other amounts receivable | 41 | €5,012 | €10,328 | +€5,316 | +106% |
| Cash at bank and in hand | 54/58 | €163,463 | €256,019 | +€92,556 | +56.6% |
| Total equity and liabilities | 10/49 | €472,970 | €512,459 | +€39,489 | +8.3% |
| Equity | 10/15 | €229,786 | €261,609 | +€31,823 | +13.8% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €209,955 | €241,778 | +€31,823 | +15.2% |
| Non-distributable reserves | 130/1 | €17,381 | €17,381 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,381 | €17,381 | = | 0.0% |
| Distributable reserves | 133 | €192,574 | €224,397 | +€31,823 | +16.5% |
| Amounts payable | 17/49 | €243,184 | €250,850 | +€7,666 | +3.2% |
| Amounts payable within one year | 42/48 | €243,184 | €250,850 | +€7,666 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €176,713 | €184,054 | +€7,341 | +4.2% |
| Trade debts | 44 | €17,424 | €19,926 | +€2,502 | +14.4% |
| Suppliers | 440/4 | €17,424 | €19,926 | +€2,502 | +14.4% |
| Taxes, remuneration and social security | 45 | €41,711 | €37,935 | -€3,776 | -9.1% |
| Taxes | 450/3 | €15,037 | €10,958 | -€4,079 | -27.1% |
| Remuneration and social security | 454/9 | €26,674 | €26,977 | +€303 | +1.1% |
| Other amounts payable | 47/48 | €7,337 | €8,936 | +€1,599 | +21.8% |
| Non-recurring operating income | 76A | €11,000 | - | -€11,000 | |
| Remuneration, social security and pensions | 62 | €252,172 | €283,416 | +€31,244 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,635 | €66,444 | +€24,809 | +59.6% |
| Other operating charges | 640/8 | €3,170 | €3,589 | +€419 | +13.2% |
| Gross operating margin | 9900 | €425,081 | €414,319 | -€10,762 | -2.5% |
| Operating profit (loss) | 9901 | €128,104 | €60,870 | -€67,234 | -52.5% |
| Financial charges | 65/66B | €11,704 | €14,057 | +€2,353 | +20.1% |
| Recurring financial charges | 65 | €11,704 | €14,057 | +€2,353 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €116,400 | €46,813 | -€69,587 | -59.8% |
| Income taxes | 67/77 | €17,373 | €14,991 | -€2,383 | -13.7% |
| Profit (loss) for the period | 9904 | €99,027 | €31,823 | -€67,204 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €99,027 | €31,823 | -€67,204 | -67.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.