MAG96: 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.
MAG96
Largest movements
- Cash +€350,375
up €350,375 (+29.2%), from €1.2m to €1.5m
mainly Net result for the year (+€478,790) and Depreciation (+€388,561)
- Tangible fixed assets -€313,816
down €313,816 (-8.4%), from €3.7m to €3.4m
of which Land and buildings: -€159,936
- Deferred charges and accrued income -€101,832
down €101,832 (-52.5%), from €194,031 to €92,199
- Receivables within one year +€73,881
up €73,881 (+316.5%), from €23,343 to €97,224
of which Other amounts receivable: +€62,134
- Profit (loss) carried forward +€383,032
up €383,032 (+98.0%), from €390,953 to €773,985
- Debts after one year -€377,189
down €377,189 (-10.5%), from €3.6m to €3.2m
of which Financial debts: -€377,189
- Reserves +€95,758
up €95,758 (+82.0%), from €116,715 to €212,473
of which Distributable reserves: +€95,758
- Trade debts -€90,703
down €90,703 (-16.9%), from €536,157 to €445,454
- Current portion of long-term debt +€79,587
up €79,587 (+19.6%), from €407,084 to €486,671
- Gross operating margin +€263,022
up €263,022 (+10.9%), from €2.4m to €2.7m
- Staff costs +€226,840
up €226,840 (+18.9%), from €1.2m to €1.4m
- Taxes +€47,637
up €47,637 (+62.1%), from €76,757 to €124,395
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 | €5,626,517 | €5,684,987 | +€58,470 | +1.0% |
| Formation expenses | 20 | €29,897 | €22,533 | -€7,363 | -24.6% |
| Fixed assets | 21/28 | €3,778,666 | €3,473,385 | -€305,281 | -8.1% |
| Intangible fixed assets | 21 | €14,935 | €6,390 | -€8,544 | -57.2% |
| Tangible fixed assets | 22/27 | €3,747,293 | €3,433,477 | -€313,816 | -8.4% |
| Land and buildings | 22 | €2,361,338 | €2,201,402 | -€159,936 | -6.8% |
| Plant, machinery and equipment | 23 | €1,271,292 | €1,139,833 | -€131,459 | -10.3% |
| Furniture and vehicles | 24 | €100,051 | €84,206 | -€15,845 | -15.8% |
| Leasing and similar rights | 25 | €14,612 | €8,036 | -€6,576 | -45.0% |
| Financial fixed assets | 28 | €16,439 | €33,518 | +€17,079 | +103.9% |
| Current assets | 29/58 | €1,817,954 | €2,189,069 | +€371,114 | +20.4% |
| Stocks and contracts in progress | 3 | €402,686 | €451,377 | +€48,690 | +12.1% |
| Stocks | 30/36 | €402,686 | €451,377 | +€48,690 | +12.1% |
| Amounts receivable within one year | 40/41 | €23,343 | €97,224 | +€73,881 | +316.5% |
| Trade receivables | 40 | €6,885 | €18,633 | +€11,747 | +170.6% |
| Other amounts receivable | 41 | €16,458 | €78,591 | +€62,134 | +377.5% |
| Cash at bank and in hand | 54/58 | €1,197,894 | €1,548,269 | +€350,375 | +29.2% |
| Deferred charges and accrued income | 490/1 | €194,031 | €92,199 | -€101,832 | -52.5% |
| Total equity and liabilities | 10/49 | €5,626,517 | €5,684,987 | +€58,470 | +1.0% |
| Equity | 10/15 | €707,668 | €1,186,458 | +€478,790 | +67.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €116,715 | €212,473 | +€95,758 | +82.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €96,715 | €192,473 | +€95,758 | +99.0% |
| Profit (loss) carried forward | 14 | €390,953 | €773,985 | +€383,032 | +98.0% |
| Amounts payable | 17/49 | €4,918,849 | €4,498,530 | -€420,320 | -8.5% |
| Amounts payable after more than one year | 17 | €3,595,467 | €3,218,278 | -€377,189 | -10.5% |
| Financial debts | 170/4 | €3,590,707 | €3,213,518 | -€377,189 | -10.5% |
| Other amounts payable | 178/9 | €4,760 | €4,760 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,165,660 | €1,165,963 | +€303 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €407,084 | €486,671 | +€79,587 | +19.6% |
| Trade debts | 44 | €536,157 | €445,454 | -€90,703 | -16.9% |
| Suppliers | 440/4 | €536,157 | €445,454 | -€90,703 | -16.9% |
| Taxes, remuneration and social security | 45 | €220,745 | €233,838 | +€13,093 | +5.9% |
| Taxes | 450/3 | €33,821 | €28,000 | -€5,821 | -17.2% |
| Remuneration and social security | 454/9 | €186,924 | €205,838 | +€18,915 | +10.1% |
| Other amounts payable | 47/48 | €1,674 | €0 | -€1,674 | -100.0% |
| Accrued charges and deferred income | 492/3 | €157,723 | €114,289 | -€43,434 | -27.5% |
| Non-recurring operating income | 76A | €110,656 | €82,400 | -€28,256 | -25.5% |
| Remuneration, social security and pensions | 62 | €1,203,123 | €1,429,963 | +€226,840 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370,190 | €388,561 | +€18,372 | +5.0% |
| Other operating charges | 640/8 | €43,601 | €31,973 | -€11,629 | -26.7% |
| Non-recurring operating charges | 66A | €14,449 | €18,698 | +€4,249 | +29.4% |
| Gross operating margin | 9900 | €2,410,692 | €2,673,714 | +€263,022 | +10.9% |
| Operating profit (loss) | 9901 | €779,328 | €804,518 | +€25,190 | +3.2% |
| Financial income | 75/76B | €7,877 | €34,585 | +€26,708 | +339.1% |
| Recurring financial income | 75 | €7,877 | €34,585 | +€26,708 | +339.1% |
| Financial charges | 65/66B | €226,872 | €235,918 | +€9,046 | +4.0% |
| Recurring financial charges | 65 | €226,872 | €235,918 | +€9,046 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €560,333 | €603,185 | +€42,852 | +7.6% |
| Income taxes | 67/77 | €76,757 | €124,395 | +€47,637 | +62.1% |
| Profit (loss) for the period | 9904 | €483,576 | €478,790 | -€4,786 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €483,576 | €478,790 | -€4,786 | -1.0% |
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 7 October 2026 via checked.be.