IMMO MAGALAS: 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.
IMMO MAGALAS
Largest movements
- Receivables within one year +€42,002
up €42,002 (+368%), from €11,427 to €53,428
of which Other amounts receivable: +€48,648
- Tangible fixed assets -€40,864
down €40,864 (-1.1%), from €3.7m to €3.7m
of which Land and buildings: -€42,420
- Cash +€40,826
up €40,826 (+45.8%), from €89,075 to €129,900
mainly Depreciation (+€51,309) and Accrued charges and deferred income (+€45,812)
- Accrued charges and deferred income +€45,812
up €45,812 (+401%), from €11,432 to €57,244
- Gross operating margin -€21,375
down €21,375 (-25.2%), from €84,889 to €63,513
- Financial charges -€1,086
down €1,086 (-93.2%), from €1,165 to €79
- Taxes -€927
down €927 (-100%), from €927 to €0
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 | €3,825,679 | €3,867,815 | +€42,136 | +1.1% |
| Fixed assets | 21/28 | €3,723,982 | €3,683,118 | -€40,864 | -1.1% |
| Tangible fixed assets | 22/27 | €3,723,982 | €3,683,118 | -€40,864 | -1.1% |
| Land and buildings | 22 | €3,723,982 | €3,681,562 | -€42,420 | -1.1% |
| Plant, machinery and equipment | 23 | - | €1,556 | +€1,556 | |
| Current assets | 29/58 | €101,698 | €184,698 | +€83,000 | +81.6% |
| Amounts receivable within one year | 40/41 | €11,427 | €53,428 | +€42,002 | +368% |
| Trade receivables | 40 | €11,203 | €4,556 | -€6,646 | -59.3% |
| Other amounts receivable | 41 | €224 | €48,872 | +€48,648 | +21,712% |
| Cash at bank and in hand | 54/58 | €89,075 | €129,900 | +€40,826 | +45.8% |
| Deferred charges and accrued income | 490/1 | €1,196 | €1,369 | +€173 | +14.4% |
| Total equity and liabilities | 10/49 | €3,825,679 | €3,867,815 | +€42,136 | +1.1% |
| Equity | 10/15 | €3,808,328 | €3,803,031 | -€5,297 | -0.1% |
| Contributions | 10/11 | €3,788,408 | €3,788,408 | = | 0.0% |
| Reserves | 13 | €19,920 | €14,624 | -€5,297 | -26.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €19,920 | €14,624 | -€5,297 | -26.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,351 | €64,784 | +€47,433 | +273% |
| Amounts payable within one year | 42/48 | €5,919 | €7,540 | +€1,621 | +27.4% |
| Trade debts | 44 | €278 | €109 | -€169 | -60.8% |
| Suppliers | 440/4 | €278 | €109 | -€169 | -60.8% |
| Advances received on contracts in progress | 46 | - | €1,860 | +€1,860 | |
| Taxes, remuneration and social security | 45 | €5,267 | €4,821 | -€445 | -8.5% |
| Taxes | 450/3 | €5,267 | €4,821 | -€445 | -8.5% |
| Other amounts payable | 47/48 | €375 | €750 | +€375 | +100% |
| Accrued charges and deferred income | 492/3 | €11,432 | €57,244 | +€45,812 | +401% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,505 | €51,309 | -€196 | -0.4% |
| Other operating charges | 640/8 | €18,311 | €18,884 | +€573 | +3.1% |
| Gross operating margin | 9900 | €84,889 | €63,513 | -€21,375 | -25.2% |
| Operating profit (loss) | 9901 | €15,073 | -€6,680 | -€21,753 | |
| Financial income | 75/76B | €670 | €1,462 | +€791 | +118% |
| Recurring financial income | 75 | €670 | €1,462 | +€791 | +118% |
| Financial charges | 65/66B | €1,165 | €79 | -€1,086 | -93.2% |
| Recurring financial charges | 65 | €1,165 | €79 | -€1,086 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €14,579 | -€5,297 | -€19,876 | |
| Income taxes | 67/77 | €927 | €0 | -€927 | -100% |
| Profit (loss) for the period | 9904 | €13,653 | -€5,297 | -€18,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,653 | -€5,297 | -€18,950 |
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 30 October 2026 via checked.be.