MAGA 4BIO: 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.
MAGA 4BIO
Largest movements
- Tangible fixed assets -€77,676
down €77,676 (-23.4%), from €332,547 to €254,871
of which Other tangible fixed assets: -€59,978
- Cash +€64,881
up €64,881 (+31.7%), from €204,574 to €269,455
mainly Depreciation (+€122,946) and Trade debts (+€76,566)
- Stocks and contracts +€35,817
up €35,817 (+18.3%), from €195,893 to €231,710
- Receivables within one year +€32,129
up €32,129 (+23.7%), from €135,619 to €167,748
of which Trade receivables: +€59,328
- Intangible fixed assets -€27,904
down €27,904 (-29.3%), from €95,340 to €67,436
- Trade debts +€76,566
up €76,566 (+22.8%), from €336,321 to €412,887
- Debts after one year -€72,886
down €72,886 (-32.1%), from €226,992 to €154,106
of which Financial debts: -€72,886
- Profit (loss) carried forward +€18,039
up €18,039 (+43.9%), from €41,079 to €59,118
- Tax, wage and social debts +€13,115
up €13,115 (+19.5%), from €67,214 to €80,329
of which Remuneration and social security: +€13,152
- Gross operating margin -€69,426
down €69,426 (-8.6%), from €805,836 to €736,410
- Staff costs +€25,491
up €25,491 (+4.8%), from €533,888 to €559,379
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,119,089 | €1,149,096 | +€30,007 | +2.7% |
| Fixed assets | 21/28 | €484,768 | €379,188 | -€105,580 | -21.8% |
| Intangible fixed assets | 21 | €95,340 | €67,436 | -€27,904 | -29.3% |
| Tangible fixed assets | 22/27 | €332,547 | €254,871 | -€77,676 | -23.4% |
| Plant, machinery and equipment | 23 | €54,247 | €38,311 | -€15,935 | -29.4% |
| Furniture and vehicles | 24 | €55,280 | €46,618 | -€8,662 | -15.7% |
| Other tangible fixed assets | 26 | €223,021 | €163,043 | -€59,978 | -26.9% |
| Assets under construction and advance payments | 27 | - | €6,899 | +€6,899 | |
| Financial fixed assets | 28 | €56,881 | €56,881 | = | 0.0% |
| Current assets | 29/58 | €634,321 | €769,908 | +€135,587 | +21.4% |
| Amounts receivable after more than one year | 29 | €77,000 | €77,000 | = | 0.0% |
| Other amounts receivable | 291 | €77,000 | €77,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €195,893 | €231,710 | +€35,817 | +18.3% |
| Stocks | 30/36 | €195,893 | €231,710 | +€35,817 | +18.3% |
| Amounts receivable within one year | 40/41 | €135,619 | €167,748 | +€32,129 | +23.7% |
| Trade receivables | 40 | €1,703 | €61,031 | +€59,328 | +3,485% |
| Other amounts receivable | 41 | €133,917 | €106,717 | -€27,199 | -20.3% |
| Current investments | 50/53 | €4,000 | €4,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €204,574 | €269,455 | +€64,881 | +31.7% |
| Deferred charges and accrued income | 490/1 | €17,235 | €19,995 | +€2,760 | +16.0% |
| Total equity and liabilities | 10/49 | €1,119,089 | €1,149,096 | +€30,007 | +2.7% |
| Equity | 10/15 | €416,235 | €434,274 | +€18,039 | +4.3% |
| Contributions | 10/11 | €375,156 | €375,156 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,079 | €59,118 | +€18,039 | +43.9% |
| Amounts payable | 17/49 | €702,855 | €714,823 | +€11,968 | +1.7% |
| Amounts payable after more than one year | 17 | €226,992 | €154,106 | -€72,886 | -32.1% |
| Financial debts | 170/4 | €222,342 | €149,456 | -€72,886 | -32.8% |
| Other amounts payable | 178/9 | €4,650 | €4,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €475,863 | €560,717 | +€84,854 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €71,685 | €66,858 | -€4,827 | -6.7% |
| Trade debts | 44 | €336,321 | €412,887 | +€76,566 | +22.8% |
| Suppliers | 440/4 | €336,321 | €412,887 | +€76,566 | +22.8% |
| Taxes, remuneration and social security | 45 | €67,214 | €80,329 | +€13,115 | +19.5% |
| Taxes | 450/3 | €5,366 | €5,329 | -€37 | -0.7% |
| Remuneration and social security | 454/9 | €61,848 | €75,000 | +€13,152 | +21.3% |
| Other amounts payable | 47/48 | €643 | €643 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €533,888 | €559,379 | +€25,491 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,757 | €122,946 | +€189 | +0.2% |
| Other operating charges | 640/8 | €2,457 | €2,113 | -€344 | -14.0% |
| Gross operating margin | 9900 | €805,836 | €736,410 | -€69,426 | -8.6% |
| Operating profit (loss) | 9901 | €146,733 | €51,972 | -€94,762 | -64.6% |
| Financial income | 75/76B | - | €604 | +€604 | |
| Recurring financial income | 75 | - | €604 | +€604 | |
| Financial charges | 65/66B | €36,199 | €31,640 | -€4,559 | -12.6% |
| Recurring financial charges | 65 | €36,199 | €31,640 | -€4,559 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €110,534 | €20,936 | -€89,599 | -81.1% |
| Income taxes | 67/77 | - | €2,897 | +€2,897 | |
| Profit (loss) for the period | 9904 | €110,534 | €18,039 | -€92,495 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €110,534 | €18,039 | -€92,495 | -83.7% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.