MAGA-VINS: 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-VINS
Largest movements
- Tangible fixed assets -€10,452
down €10,452 (-4.3%), from €242,028 to €231,576
of which Land and buildings: -€9,363
- Cash -€7,528
no longer reported in 2023 (was €7,528)
mainly Short-term financial debts (-€37,031) and Debts after one year (-€14,132)
- Other debts +€42,490
up €42,490 (+38.2%), from €111,205 to €153,696
- Short-term financial debts -€37,031
down €37,031 (-36.7%), from €100,878 to €63,847
of which Other loans: -€23,000
- Debts after one year -€14,132
down €14,132 (-25.7%), from €55,054 to €40,922
- Trade debts -€10,505
down €10,505 (-9.0%), from €116,782 to €106,278
- Gross operating margin -€17,148
down €17,148 (-21.5%), from €79,738 to €62,590
- Staff costs +€6,767
up €6,767 (+18.8%), from €36,005 to €42,772
- Taxes -€6,324
down €6,324 (-89.8%), from €7,046 to €722
- Other operating charges +€3,379
up €3,379 (+2,363%), from €143 to €3,522
- Write-downs -€2,741
no longer reported in 2023 (was €2,741)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €692,070 | €681,467 | -€10,603 | -1.5% |
| Fixed assets | 21/28 | €242,028 | €231,576 | -€10,452 | -4.3% |
| Tangible fixed assets | 22/27 | €242,028 | €231,576 | -€10,452 | -4.3% |
| Land and buildings | 22 | €237,923 | €228,560 | -€9,363 | -3.9% |
| Plant, machinery and equipment | 23 | €799 | €500 | -€300 | -37.5% |
| Furniture and vehicles | 24 | €3,306 | €2,516 | -€790 | -23.9% |
| Current assets | 29/58 | €450,041 | €449,891 | -€150 | 0.0% |
| Stocks and contracts in progress | 3 | €94,681 | €96,300 | +€1,620 | +1.7% |
| Stocks | 30/36 | €94,681 | €96,300 | +€1,620 | +1.7% |
| Amounts receivable within one year | 40/41 | €347,833 | €352,907 | +€5,075 | +1.5% |
| Trade receivables | 40 | €347,833 | €352,907 | +€5,075 | +1.5% |
| Cash at bank and in hand | 54/58 | €7,528 | - | -€7,528 | |
| Deferred charges and accrued income | 490/1 | - | €683 | +€683 | |
| Total equity and liabilities | 10/49 | €692,070 | €681,467 | -€10,603 | -1.5% |
| Equity | 10/15 | €146,125 | €146,283 | +€158 | +0.1% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Reserves | 13 | €3,700 | €3,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,700 | €3,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,700 | €3,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,425 | €105,583 | +€158 | +0.1% |
| Amounts payable | 17/49 | €545,945 | €535,185 | -€10,761 | -2.0% |
| Amounts payable after more than one year | 17 | €55,054 | €40,922 | -€14,132 | -25.7% |
| Financial debts | 170/4 | €55,054 | €40,922 | -€14,132 | -25.7% |
| Amounts payable within one year | 42/48 | €490,891 | €494,263 | +€3,372 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €23,945 | €30,414 | +€6,469 | +27.0% |
| Financial debts | 43 | €100,878 | €63,847 | -€37,031 | -36.7% |
| Credit institutions | 430/8 | €74,878 | €60,847 | -€14,031 | -18.7% |
| Other loans | 439 | €26,000 | €3,000 | -€23,000 | -88.5% |
| Trade debts | 44 | €116,782 | €106,278 | -€10,505 | -9.0% |
| Suppliers | 440/4 | €116,782 | €106,278 | -€10,505 | -9.0% |
| Taxes, remuneration and social security | 45 | €138,081 | €140,029 | +€1,948 | +1.4% |
| Taxes | 450/3 | €107,464 | €101,535 | -€5,929 | -5.5% |
| Remuneration and social security | 454/9 | €30,616 | €38,494 | +€7,878 | +25.7% |
| Other amounts payable | 47/48 | €111,205 | €153,696 | +€42,490 | +38.2% |
| Remuneration, social security and pensions | 62 | €36,005 | €42,772 | +€6,767 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,105 | €10,452 | +€347 | +3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,741 | - | -€2,741 | |
| Other operating charges | 640/8 | €143 | €3,522 | +€3,379 | +2,363% |
| Gross operating margin | 9900 | €79,738 | €62,590 | -€17,148 | -21.5% |
| Operating profit (loss) | 9901 | €30,744 | €5,844 | -€24,900 | -81.0% |
| Financial income | 75/76B | €7 | €5 | -€2 | -26.1% |
| Recurring financial income | 75 | €7 | €5 | -€2 | -26.1% |
| Financial charges | 65/66B | €6,858 | €4,970 | -€1,888 | -27.5% |
| Recurring financial charges | 65 | €6,858 | €4,970 | -€1,888 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €23,893 | €880 | -€23,013 | -96.3% |
| Income taxes | 67/77 | €7,046 | €722 | -€6,324 | -89.8% |
| Profit (loss) for the period | 9904 | €16,847 | €158 | -€16,689 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,847 | €158 | -€16,689 | -99.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.