deMagnolia: what changed
deMagnolia
Largest movements
- Cash +€10,144
up €10,144 (+27.2%), from €37,332 to €47,477
mainly Net result for the year (+€36,111) and Other debts (+€32,236)
- Receivables within one year -€7,204
down €7,204 (-31.6%), from €22,808 to €15,605
of which Trade receivables: -€6,993
- Tangible fixed assets +€2,747
up €2,747 (+67.9%), from €4,048 to €6,796
of which Plant, machinery and equipment: +€2,853
- Other debts +€32,236
up €32,236 (+355%), from €9,087 to €41,323
- Reserves -€13,895
down €13,895 (-42.4%), from €32,801 to €18,906
- Trade debts -€11,189
down €11,189 (-65.1%), from €17,190 to €6,001
- Current portion of long-term debt -€2,654
no longer reported in 2025 (was €2,654)
- Gross operating margin +€18,969
up €18,969 (+104%), from €18,285 to €37,254
- Financial income +€15,047
up €15,047 (+26,145%), from €58 to €15,104
of which Non-recurring financial income: +€15,084
- Taxes +€8,902
up €8,902 (+209%), from €4,250 to €13,151
- Depreciation -€5,745
down €5,745 (-78.5%), from €7,315 to €1,571
- Other operating charges -€388
down €388 (-35.9%), from €1,082 to €693
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,831 | €71,971 | +€5,140 | +7.7% |
| Fixed assets | 21/28 | €5,892 | €8,072 | +€2,179 | +37.0% |
| Intangible fixed assets | 21 | €1,844 | €1,276 | -€568 | -30.8% |
| Tangible fixed assets | 22/27 | €4,048 | €6,796 | +€2,747 | +67.9% |
| Plant, machinery and equipment | 23 | €212 | €3,065 | +€2,853 | +1,346% |
| Furniture and vehicles | 24 | €1,252 | €3,730 | +€2,479 | +198% |
| Leasing and similar rights | 25 | €2,585 | - | -€2,585 | |
| Current assets | 29/58 | €60,939 | €63,899 | +€2,961 | +4.9% |
| Amounts receivable within one year | 40/41 | €22,808 | €15,605 | -€7,204 | -31.6% |
| Trade receivables | 40 | €18,847 | €11,854 | -€6,993 | -37.1% |
| Other amounts receivable | 41 | €3,961 | €3,750 | -€211 | -5.3% |
| Cash at bank and in hand | 54/58 | €37,332 | €47,477 | +€10,144 | +27.2% |
| Deferred charges and accrued income | 490/1 | €798 | €818 | +€20 | +2.5% |
| Total equity and liabilities | 10/49 | €66,831 | €71,971 | +€5,140 | +7.7% |
| Equity | 10/15 | €34,801 | €20,906 | -€13,895 | -39.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,801 | €18,906 | -€13,895 | -42.4% |
| Distributable reserves | 133 | €32,801 | €18,906 | -€13,895 | -42.4% |
| Amounts payable | 17/49 | €32,030 | €51,065 | +€19,035 | +59.4% |
| Amounts payable within one year | 42/48 | €32,030 | €51,065 | +€19,035 | +59.4% |
| Current portion of amounts payable after more than one year | 42 | €2,654 | - | -€2,654 | |
| Trade debts | 44 | €17,190 | €6,001 | -€11,189 | -65.1% |
| Suppliers | 440/4 | €17,190 | €6,001 | -€11,189 | -65.1% |
| Taxes, remuneration and social security | 45 | €3,098 | €3,742 | +€643 | +20.8% |
| Taxes | 450/3 | €3,098 | €3,742 | +€643 | +20.8% |
| Other amounts payable | 47/48 | €9,087 | €41,323 | +€32,236 | +355% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,315 | €1,571 | -€5,745 | -78.5% |
| Other operating charges | 640/8 | €1,082 | €693 | -€388 | -35.9% |
| Gross operating margin | 9900 | €18,285 | €37,254 | +€18,969 | +104% |
| Operating profit (loss) | 9901 | €9,889 | €34,990 | +€25,102 | +254% |
| Financial income | 75/76B | €58 | €15,104 | +€15,047 | +26,145% |
| Recurring financial income | 75 | €58 | €21 | -€37 | -64.2% |
| Non-recurring financial income | 76B | - | €15,084 | +€15,084 | |
| Financial charges | 65/66B | €760 | €831 | +€71 | +9.4% |
| Recurring financial charges | 65 | €760 | €831 | +€71 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €9,186 | €49,263 | +€40,077 | +436% |
| Income taxes | 67/77 | €4,250 | €13,151 | +€8,902 | +209% |
| Profit (loss) for the period | 9904 | €4,936 | €36,111 | +€31,175 | +632% |
| Profit (loss) for the period to be appropriated | 9905 | €4,936 | €36,111 | +€31,175 | +632% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.