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 -€61,860
down €61,860 (-17.2%), from €359,516 to €297,656
mainly Current portion of long-term debt (-€32,543) and Net result for the year (-€28,265)
- Tangible fixed assets -€13,551
down €13,551 (-3.5%), from €389,749 to €376,198
- Receivables within one year -€10,386
no longer reported in 2025 (was €10,386)
- Current portion of long-term debt -€32,543
down €32,543 (-68.9%), from €47,243 to €14,699
- Reserves -€28,265
down €28,265 (-13.3%), from €212,698 to €184,433
- Debts after one year -€25,797
down €25,797 (-5.4%), from €479,204 to €453,407
of which Other amounts payable: -€14,764
- Gross operating margin +€20,018
up €20,018, from -€6,556 to €13,462
- Financial charges -€2,993
down €2,993 (-10.5%), from €28,626 to €25,633
- Other operating charges -€619
down €619 (-19.6%), from €3,162 to €2,543
- Financial income -€465
down €465 (-99.6%), from €466 to €2
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 | €760,994 | €675,197 | -€85,797 | -11.3% |
| Fixed assets | 21/28 | €391,092 | €377,541 | -€13,551 | -3.5% |
| Tangible fixed assets | 22/27 | €389,749 | €376,198 | -€13,551 | -3.5% |
| Land and buildings | 22 | €389,749 | €376,198 | -€13,551 | -3.5% |
| Financial fixed assets | 28 | €1,343 | €1,343 | = | 0.0% |
| Current assets | 29/58 | €369,902 | €297,656 | -€72,246 | -19.5% |
| Amounts receivable within one year | 40/41 | €10,386 | - | -€10,386 | |
| Other amounts receivable | 41 | €10,386 | - | -€10,386 | |
| Cash at bank and in hand | 54/58 | €359,516 | €297,656 | -€61,860 | -17.2% |
| Total equity and liabilities | 10/49 | €760,994 | €675,197 | -€85,797 | -11.3% |
| Equity | 10/15 | €231,298 | €203,033 | -€28,265 | -12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €212,698 | €184,433 | -€28,265 | -13.3% |
| Distributable reserves | 133 | €212,698 | €184,433 | -€28,265 | -13.3% |
| Amounts payable | 17/49 | €529,697 | €472,164 | -€57,532 | -10.9% |
| Amounts payable after more than one year | 17 | €479,204 | €453,407 | -€25,797 | -5.4% |
| Financial debts | 170/4 | €11,033 | - | -€11,033 | |
| Other amounts payable | 178/9 | €468,171 | €453,407 | -€14,764 | -3.2% |
| Amounts payable within one year | 42/48 | €50,493 | €18,757 | -€31,736 | -62.9% |
| Current portion of amounts payable after more than one year | 42 | €47,243 | €14,699 | -€32,543 | -68.9% |
| Trade debts | 44 | €3,250 | €3,309 | +€59 | +1.8% |
| Suppliers | 440/4 | €3,250 | €3,309 | +€59 | +1.8% |
| Other amounts payable | 47/48 | - | €749 | +€749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,551 | €13,551 | = | 0.0% |
| Other operating charges | 640/8 | €3,162 | €2,543 | -€619 | -19.6% |
| Gross operating margin | 9900 | -€6,556 | €13,462 | +€20,018 | |
| Operating profit (loss) | 9901 | -€23,270 | -€2,633 | +€20,637 | +88.7% |
| Financial income | 75/76B | €466 | €2 | -€465 | -99.6% |
| Recurring financial income | 75 | €466 | €2 | -€465 | -99.6% |
| Financial charges | 65/66B | €28,626 | €25,633 | -€2,993 | -10.5% |
| Recurring financial charges | 65 | €28,626 | €25,633 | -€2,993 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€51,430 | -€28,264 | +€23,165 | +45.0% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€51,430 | -€28,265 | +€23,165 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,430 | -€28,265 | +€23,165 | +45.0% |
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 2 October 2026 via checked.be.