DS MAGNUS: 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.
DS MAGNUS
Largest movements
- Tangible fixed assets +€111,607
up €111,607 (+140%), from €79,765 to €191,372
- Cash -€37,898
down €37,898 (-94.5%), from €40,108 to €2,210
mainly Investment in fixed assets (net) (-€165,062) and Other debts (-€68,368)
- Receivables within one year +€21,961
up €21,961 (+6.6%), from €330,442 to €352,403
of which Trade receivables: +€39,166
- Debts after one year +€98,961
new in 2025: €98,961
- Reserves +€71,139
up €71,139 (+18.1%), from €393,001 to €464,140
- Other debts -€68,368
down €68,368 (-15.2%), from €450,000 to €381,632
- Tax, wage and social debts -€24,130
down €24,130 (-60.9%), from €39,630 to €15,500
- Current portion of long-term debt +€18,979
up €18,979 (+120%), from €15,800 to €34,778
- Financial charges +€24,175
up €24,175 (+1,215%), from €1,989 to €26,164
- Other operating charges +€16,838
up €16,838 (+978%), from €1,722 to €18,560
- Depreciation +€12,371
up €12,371 (+30.1%), from €41,084 to €53,455
- Taxes -€11,191
down €11,191 (-27.0%), from €41,504 to €30,313
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 | €908,531 | €1,003,525 | +€94,994 | +10.5% |
| Fixed assets | 21/28 | €532,265 | €643,872 | +€111,607 | +21.0% |
| Tangible fixed assets | 22/27 | €79,765 | €191,372 | +€111,607 | +140% |
| Furniture and vehicles | 24 | €79,765 | €191,372 | +€111,607 | +140% |
| Financial fixed assets | 28 | €452,500 | €452,500 | = | 0.0% |
| Current assets | 29/58 | €376,266 | €359,653 | -€16,613 | -4.4% |
| Amounts receivable within one year | 40/41 | €330,442 | €352,403 | +€21,961 | +6.6% |
| Trade receivables | 40 | - | €39,166 | +€39,166 | |
| Other amounts receivable | 41 | €330,442 | €313,237 | -€17,205 | -5.2% |
| Cash at bank and in hand | 54/58 | €40,108 | €2,210 | -€37,898 | -94.5% |
| Deferred charges and accrued income | 490/1 | €5,716 | €5,040 | -€676 | -11.8% |
| Total equity and liabilities | 10/49 | €908,531 | €1,003,525 | +€94,994 | +10.5% |
| Equity | 10/15 | €394,001 | €465,140 | +€71,139 | +18.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €393,001 | €464,140 | +€71,139 | +18.1% |
| Distributable reserves | 133 | €393,001 | €464,140 | +€71,139 | +18.1% |
| Amounts payable | 17/49 | €514,530 | €538,385 | +€23,855 | +4.6% |
| Amounts payable after more than one year | 17 | - | €98,961 | +€98,961 | |
| Financial debts | 170/4 | - | €98,961 | +€98,961 | |
| Amounts payable within one year | 42/48 | €514,530 | €439,424 | -€75,107 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €15,800 | €34,778 | +€18,979 | +120% |
| Trade debts | 44 | €9,100 | €7,513 | -€1,587 | -17.4% |
| Suppliers | 440/4 | €9,100 | €7,513 | -€1,587 | -17.4% |
| Taxes, remuneration and social security | 45 | €39,630 | €15,500 | -€24,130 | -60.9% |
| Taxes | 450/3 | €39,630 | €15,500 | -€24,130 | -60.9% |
| Other amounts payable | 47/48 | €450,000 | €381,632 | -€68,368 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,084 | €53,455 | +€12,371 | +30.1% |
| Other operating charges | 640/8 | €1,722 | €18,560 | +€16,838 | +978% |
| Gross operating margin | 9900 | €201,439 | €199,631 | -€1,807 | -0.9% |
| Operating profit (loss) | 9901 | €158,633 | €127,616 | -€31,017 | -19.6% |
| Financial charges | 65/66B | €1,989 | €26,164 | +€24,175 | +1,215% |
| Recurring financial charges | 65 | €1,989 | €26,164 | +€24,175 | +1,215% |
| Profit (loss) for the period before taxes | 9903 | €156,644 | €101,452 | -€55,192 | -35.2% |
| Income taxes | 67/77 | €41,504 | €30,313 | -€11,191 | -27.0% |
| Profit (loss) for the period | 9904 | €115,140 | €71,139 | -€44,001 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €115,140 | €71,139 | -€44,001 | -38.2% |
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 21 October 2026 via checked.be.