Mag 1-BV: 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.
Mag 1-BV
Largest movements
- Receivables within one year -€50,497
down €50,497 (-59.8%), from €84,411 to €33,914
of which Trade receivables: -€50,759
- Tangible fixed assets -€17,271
down €17,271 (-22.5%), from €76,805 to €59,534
of which Furniture and vehicles: -€15,611
- Stocks and contracts +€3,949
up €3,949 (+57.2%), from €6,907 to €10,856
- Financial fixed assets +€2,985
new in 2025: €2,985
- Trade debts -€77,169
down €77,169 (-96.7%), from €79,824 to €2,655
- Debts after one year -€14,654
down €14,654 (-25.6%), from €57,290 to €42,636
- Other debts +€12,534
up €12,534 (+63.8%), from €19,651 to €32,185
- Tax, wage and social debts +€10,295
up €10,295 (+202%), from €5,097 to €15,392
- Reserves +€7,149
up €7,149 (+423%), from €1,691 to €8,840
- Gross operating margin +€26,056
up €26,056 (+476%), from €5,470 to €31,526
- Depreciation +€11,144
up €11,144 (+182%), from €6,127 to €17,271
- Taxes +€1,621
up €1,621 (+824%), from €197 to €1,817
- Other operating charges -€338
down €338 (-11.2%), from €3,019 to €2,680
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 | €181,678 | €118,362 | -€63,316 | -34.9% |
| Fixed assets | 21/28 | €76,805 | €62,519 | -€14,286 | -18.6% |
| Tangible fixed assets | 22/27 | €76,805 | €59,534 | -€17,271 | -22.5% |
| Plant, machinery and equipment | 23 | €5,229 | €3,569 | -€1,660 | -31.7% |
| Furniture and vehicles | 24 | €71,576 | €55,965 | -€15,611 | -21.8% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | - | €2,985 | +€2,985 | |
| Current assets | 29/58 | €104,873 | €55,843 | -€49,030 | -46.8% |
| Stocks and contracts in progress | 3 | €6,907 | €10,856 | +€3,949 | +57.2% |
| Stocks | 30/36 | €6,907 | €10,856 | +€3,949 | +57.2% |
| Amounts receivable within one year | 40/41 | €84,411 | €33,914 | -€50,497 | -59.8% |
| Trade receivables | 40 | €84,380 | €33,621 | -€50,759 | -60.2% |
| Other amounts receivable | 41 | €31 | €293 | +€262 | +854% |
| Cash at bank and in hand | 54/58 | €9,222 | €7,825 | -€1,396 | -15.1% |
| Deferred charges and accrued income | 490/1 | €4,333 | €3,247 | -€1,086 | -25.1% |
| Total equity and liabilities | 10/49 | €181,678 | €118,362 | -€63,316 | -34.9% |
| Equity | 10/15 | €3,691 | €10,840 | +€7,149 | +194% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,691 | €8,840 | +€7,149 | +423% |
| Distributable reserves | 133 | €1,691 | €8,840 | +€7,149 | +423% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €177,987 | €107,522 | -€70,465 | -39.6% |
| Amounts payable after more than one year | 17 | €57,290 | €42,636 | -€14,654 | -25.6% |
| Financial debts | 170/4 | €57,290 | €42,636 | -€14,654 | -25.6% |
| Amounts payable within one year | 42/48 | €119,166 | €64,885 | -€54,280 | -45.6% |
| Current portion of amounts payable after more than one year | 42 | €14,221 | €14,654 | +€433 | +3.0% |
| Trade debts | 44 | €79,824 | €2,655 | -€77,169 | -96.7% |
| Suppliers | 440/4 | €79,824 | €2,655 | -€77,169 | -96.7% |
| Advances received on contracts in progress | 46 | €373 | €0 | -€373 | -100% |
| Taxes, remuneration and social security | 45 | €5,097 | €15,392 | +€10,295 | +202% |
| Taxes | 450/3 | €5,097 | €15,392 | +€10,295 | +202% |
| Other amounts payable | 47/48 | €19,651 | €32,185 | +€12,534 | +63.8% |
| Accrued charges and deferred income | 492/3 | €1,531 | €0 | -€1,531 | -100% |
| Non-recurring operating income | 76A | €2,500 | €0 | -€2,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,127 | €17,271 | +€11,144 | +182% |
| Other operating charges | 640/8 | €3,019 | €2,680 | -€338 | -11.2% |
| Non-recurring operating charges | 66A | €5,769 | €0 | -€5,769 | -100% |
| Gross operating margin | 9900 | €5,470 | €31,526 | +€26,056 | +476% |
| Operating profit (loss) | 9901 | -€9,444 | €11,575 | +€21,018 | |
| Financial income | 75/76B | €71 | €350 | +€279 | +392% |
| Recurring financial income | 75 | €71 | €350 | +€279 | +392% |
| Financial charges | 65/66B | €2,670 | €2,959 | +€288 | +10.8% |
| Recurring financial charges | 65 | €2,670 | €2,959 | +€288 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,043 | €8,966 | +€21,009 | |
| Income taxes | 67/77 | €197 | €1,817 | +€1,621 | +824% |
| Profit (loss) for the period | 9904 | -€12,240 | €7,149 | +€19,388 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,240 | €7,149 | +€19,388 |
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.