MAG-REEN: what changed
Two fiscal 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-REEN
Largest movements
- Financial fixed assets +€147,900
up €147,900 (+2.2%), from €6.7m to €6.8m
- Profit (loss) carried forward +€83,451
up €83,451 (+4.2%), from -€2.0m to -€1.9m
- Financial income -€29,398
down €29,398 (-6.7%), from €441,000 to €411,602
- Gross operating margin +€1,864
up €1,864 (+10.6%), from -€17,516 to -€15,652
- Other operating charges -€934
down €934 (-45.8%), from €2,038 to €1,104
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.
Cash bridge derived
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 | €6,712,061 | €6,850,774 | +€138,713 | +2.1% |
| Fixed assets | 21/28 | €6,693,633 | €6,841,533 | +€147,900 | +2.2% |
| Financial fixed assets | 28 | €6,693,633 | €6,841,533 | +€147,900 | +2.2% |
| Current assets | 29/58 | €18,429 | €9,241 | -€9,187 | -49.9% |
| Amounts receivable within one year | 40/41 | €6,242 | - | -€6,242 | |
| Other amounts receivable | 41 | €6,242 | - | -€6,242 | |
| Cash at bank and in hand | 54/58 | €12,186 | €9,241 | -€2,945 | -24.2% |
| Total equity and liabilities | 10/49 | €6,712,061 | €6,850,774 | +€138,713 | +2.1% |
| Equity | 10/15 | €614,487 | €697,937 | +€83,451 | +13.6% |
| Contributions | 10/11 | €2,616,000 | €2,616,000 | = | 0.0% |
| Capital | 10 | €2,616,000 | €2,616,000 | = | 0.0% |
| Issued capital | 100 | €2,616,000 | €2,616,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,001,513 | -€1,918,063 | +€83,451 | +4.2% |
| Amounts payable | 17/49 | €6,097,575 | €6,152,837 | +€55,262 | +0.9% |
| Amounts payable after more than one year | 17 | €6,094,768 | €6,151,293 | +€56,524 | +0.9% |
| Financial debts | 170/4 | €6,094,768 | €6,151,293 | +€56,524 | +0.9% |
| Amounts payable within one year | 42/48 | €2,806 | €1,544 | -€1,262 | -45.0% |
| Trade debts | 44 | €1,281 | €1,544 | +€263 | +20.6% |
| Suppliers | 440/4 | €1,281 | €1,544 | +€263 | +20.6% |
| Other amounts payable | 47/48 | €1,525 | - | -€1,525 | |
| Other operating charges | 640/8 | €2,038 | €1,104 | -€934 | -45.8% |
| Gross operating margin | 9900 | -€17,516 | -€15,652 | +€1,864 | +10.6% |
| Operating profit (loss) | 9901 | -€19,555 | -€16,757 | +€2,798 | +14.3% |
| Financial income | 75/76B | €441,000 | €411,602 | -€29,398 | -6.7% |
| Recurring financial income | 75 | €441,000 | €411,602 | -€29,398 | -6.7% |
| Financial charges | 65/66B | €311,327 | €311,395 | +€68 | 0.0% |
| Recurring financial charges | 65 | €311,327 | €311,395 | +€68 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €110,118 | €83,451 | -€26,667 | -24.2% |
| Profit (loss) for the period | 9904 | €110,118 | €83,451 | -€26,667 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €110,118 | €83,451 | -€26,667 | -24.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.