MAGALY: 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.
MAGALY
Largest movements
- Cash -€3,657
down €3,657 (-64.2%), from €5,699 to €2,042
mainly Net result for the year (-€4,420) and Receivables within one year (-€2,201)
- Receivables within one year +€2,201
up €2,201 (+28.2%), from €7,793 to €9,994
of which Other amounts receivable: +€4,638
- Stocks and contracts -€1,200
down €1,200 (-4.0%), from €29,935 to €28,735
- Tangible fixed assets -€779
no longer reported in 2025 (was €779)
- Deferred charges and accrued income +€724
new in 2025: €724
- Profit (loss) carried forward -€4,420
down €4,420 (-103.2%), from -€4,282 to -€8,702
- Tax, wage and social debts +€3,834
up €3,834 (+25.3%), from €15,184 to €19,018
of which Remuneration and social security: +€2,719
- Trade debts -€1,206
down €1,206 (-8.7%), from €13,792 to €12,586
- Short-term financial debts -€919
no longer reported in 2025 (was €919)
- Staff costs -€3,987
down €3,987 (-11.8%), from €33,911 to €29,924
- Gross operating margin -€2,624
down €2,624 (-8.0%), from €32,783 to €30,159
- Other operating charges +€2,162
up €2,162 (+328.8%), from €658 to €2,820
- Depreciation -€727
down €727 (-48.3%), from €1,506 to €779
- Financial income +€393
up €393 (+1697.0%), from €23 to €417
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 | €44,205 | €41,494 | -€2,711 | -6.1% |
| Fixed assets | 21/28 | €779 | - | -€779 | |
| Tangible fixed assets | 22/27 | €779 | - | -€779 | |
| Other tangible fixed assets | 26 | €779 | - | -€779 | |
| Current assets | 29/58 | €43,427 | €41,494 | -€1,933 | -4.5% |
| Stocks and contracts in progress | 3 | €29,935 | €28,735 | -€1,200 | -4.0% |
| Stocks | 30/36 | €29,935 | €28,735 | -€1,200 | -4.0% |
| Amounts receivable within one year | 40/41 | €7,793 | €9,994 | +€2,201 | +28.2% |
| Trade receivables | 40 | €2,744 | €307 | -€2,437 | -88.8% |
| Other amounts receivable | 41 | €5,049 | €9,687 | +€4,638 | +91.9% |
| Cash at bank and in hand | 54/58 | €5,699 | €2,042 | -€3,657 | -64.2% |
| Deferred charges and accrued income | 490/1 | - | €724 | +€724 | |
| Total equity and liabilities | 10/49 | €44,205 | €41,494 | -€2,711 | -6.1% |
| Equity | 10/15 | €14,310 | €9,890 | -€4,420 | -30.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,282 | -€8,702 | -€4,420 | -103.2% |
| Amounts payable | 17/49 | €29,895 | €31,604 | +€1,709 | +5.7% |
| Amounts payable within one year | 42/48 | €29,895 | €31,604 | +€1,709 | +5.7% |
| Financial debts | 43 | €919 | - | -€919 | |
| Credit institutions | 430/8 | €919 | - | -€919 | |
| Trade debts | 44 | €13,792 | €12,586 | -€1,206 | -8.7% |
| Suppliers | 440/4 | €13,792 | €12,586 | -€1,206 | -8.7% |
| Taxes, remuneration and social security | 45 | €15,184 | €19,018 | +€3,834 | +25.3% |
| Taxes | 450/3 | €7,523 | €8,638 | +€1,115 | +14.8% |
| Remuneration and social security | 454/9 | €7,661 | €10,381 | +€2,719 | +35.5% |
| Remuneration, social security and pensions | 62 | €33,911 | €29,924 | -€3,987 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,506 | €779 | -€727 | -48.3% |
| Other operating charges | 640/8 | €658 | €2,820 | +€2,162 | +328.8% |
| Gross operating margin | 9900 | €32,783 | €30,159 | -€2,624 | -8.0% |
| Operating profit (loss) | 9901 | -€3,291 | -€3,363 | -€72 | -2.2% |
| Financial income | 75/76B | €23 | €417 | +€393 | +1697.0% |
| Recurring financial income | 75 | €23 | €417 | +€393 | +1697.0% |
| Financial charges | 65/66B | €1,534 | €1,473 | -€61 | -4.0% |
| Recurring financial charges | 65 | €1,534 | €1,473 | -€61 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,803 | -€4,420 | +€383 | +8.0% |
| Profit (loss) for the period | 9904 | -€4,803 | -€4,420 | +€383 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,803 | -€4,420 | +€383 | +8.0% |
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 4 October 2026 via checked.be.