MAG'C: 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.
What changed
MAG'C
NACE 32.500, Manufacture of medical and dental instruments and supplies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,570
2024 · €20,119-€15,550
Equity
€162,071
2024 · €157,502+€4,570
Cash
€41,156
2024 · €18,707+€22,448
Balance sheet total
€641,899
2024 · €655,528-€13,629
Largest movements
Assets
- Tangible fixed assets -€36,580
down €36,580 (-6.5%), from €566,892 to €530,311
of which Land and buildings: -€23,115
- Cash +€22,448
up €22,448 (+120%), from €18,707 to €41,156
mainly Depreciation (+€38,704) and Trade debts (+€6,729)
Equity and liabilities
- Debts after one year -€24,714
down €24,714 (-10.1%), from €243,725 to €219,011
- Trade debts +€6,729
up €6,729 (+187%), from €3,597 to €10,325
Income statement
- Gross operating margin -€19,089
down €19,089 (-14.3%), from €133,389 to €114,300
- Taxes -€6,321
down €6,321 (-68.1%), from €9,284 to €2,962
- Staff costs +€2,132
up €2,132 (+3.7%), from €57,888 to €60,020
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.
Result 2024
€20,119
Gross operating margin
-€19,089
Staff costs
-€2,132
Depreciation
-€799
Other operating charges
-€195
Financial income
+€38
Financial charges
+€305
Taxes
+€6,321
Result 2025
€4,570
raises the resultlowers the result
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.
From operations
+€48,697
Investment
-€1,885
Financing
-€24,364
Cash 2024
€18,707
From operations (derived)
+€48,697
Net result for the year
+€4,570
Depreciation
+€38,704
Receivables within one year
+€520
Deferred charges and accrued income
-€1,262
Trade debts
+€6,729
Tax, wage and social debts
-€962
Other debts
+€399
Investment (derived)
-€1,885
Investment in fixed assets (net)
-€1,793
Current investments
-€92
Financing
-€24,364
Debts after one year
-€24,714
Current portion of long-term debt
+€346
Short-term financial debts
+€4
Cash 2025
€41,156
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €655,528 | €641,899 | -€13,629 | -2.1% |
| Fixed assets | 21/28 | €568,022 | €531,111 | -€36,910 | -6.5% |
| Tangible fixed assets | 22/27 | €566,892 | €530,311 | -€36,580 | -6.5% |
| Land and buildings | 22 | €543,593 | €520,478 | -€23,115 | -4.3% |
| Furniture and vehicles | 24 | €23,299 | €9,833 | -€13,466 | -57.8% |
| Financial fixed assets | 28 | €1,130 | €800 | -€330 | -29.2% |
| Current assets | 29/58 | €87,506 | €110,788 | +€23,282 | +26.6% |
| Amounts receivable within one year | 40/41 | €45,147 | €44,627 | -€520 | -1.2% |
| Trade receivables | 40 | €33,352 | €28,306 | -€5,046 | -15.1% |
| Other amounts receivable | 41 | €11,795 | €16,321 | +€4,527 | +38.4% |
| Current investments | 50/53 | €17,434 | €17,525 | +€92 | +0.5% |
| Cash at bank and in hand | 54/58 | €18,707 | €41,156 | +€22,448 | +120% |
| Deferred charges and accrued income | 490/1 | €6,218 | €7,479 | +€1,262 | +20.3% |
| Total equity and liabilities | 10/49 | €655,528 | €641,899 | -€13,629 | -2.1% |
| Equity | 10/15 | €157,502 | €162,071 | +€4,570 | +2.9% |
| Contributions | 10/11 | €24,990 | €24,990 | = | 0.0% |
| Reserves | 13 | €101,724 | €101,724 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,510 | €9,510 | = | 0.0% |
| Distributable reserves | 133 | €92,214 | €92,214 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,788 | €35,357 | +€4,570 | +14.8% |
| Amounts payable | 17/49 | €498,026 | €479,828 | -€18,198 | -3.7% |
| Amounts payable after more than one year | 17 | €243,725 | €219,011 | -€24,714 | -10.1% |
| Financial debts | 170/4 | €243,725 | €219,011 | -€24,714 | -10.1% |
| Amounts payable within one year | 42/48 | €254,301 | €260,817 | +€6,516 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €24,368 | €24,714 | +€346 | +1.4% |
| Financial debts | 43 | €859 | €862 | +€4 | +0.4% |
| Credit institutions | 430/8 | €859 | €862 | +€4 | +0.4% |
| Trade debts | 44 | €3,597 | €10,325 | +€6,729 | +187% |
| Suppliers | 440/4 | €3,597 | €10,325 | +€6,729 | +187% |
| Taxes, remuneration and social security | 45 | €14,054 | €13,093 | -€962 | -6.8% |
| Taxes | 450/3 | €5,338 | €4,149 | -€1,188 | -22.3% |
| Remuneration and social security | 454/9 | €8,717 | €8,943 | +€227 | +2.6% |
| Other amounts payable | 47/48 | €211,424 | €211,823 | +€399 | +0.2% |
| Non-recurring operating income | 76A | €12,497 | €0 | -€12,497 | -100% |
| Remuneration, social security and pensions | 62 | €57,888 | €60,020 | +€2,132 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,905 | €38,704 | +€799 | +2.1% |
| Other operating charges | 640/8 | €2,808 | €3,003 | +€195 | +7.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €133,389 | €114,300 | -€19,089 | -14.3% |
| Operating profit (loss) | 9901 | €34,788 | €12,573 | -€22,215 | -63.9% |
| Financial income | 75/76B | €23 | €61 | +€38 | +166% |
| Recurring financial income | 75 | €23 | €61 | +€38 | +166% |
| Financial charges | 65/66B | €5,408 | €5,103 | -€305 | -5.6% |
| Recurring financial charges | 65 | €5,408 | €5,103 | -€305 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €29,403 | €7,532 | -€21,871 | -74.4% |
| Income taxes | 67/77 | €9,284 | €2,962 | -€6,321 | -68.1% |
| Profit (loss) for the period | 9904 | €20,119 | €4,570 | -€15,550 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,119 | €4,570 | -€15,550 | -77.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.