MAGANA: 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.
MAGANA
Largest movements
- Cash -€1,695
down €1,695 (-73.1%), from €2,319 to €625
mainly Debts after one year (-€5,485) and Net result for the year (-€58)
- Tangible fixed assets -€1,149
down €1,149 (-4.7%), from €24,327 to €23,178
of which Land and buildings: -€1,149
- Receivables within one year -€441
down €441 (-100%), from €441 to €0
- Debts after one year -€5,485
down €5,485 (-4.7%), from €116,273 to €110,787
of which Financial debts: -€3,735
- Trade debts +€2,053
up €2,053 (+41.0%), from €5,005 to €7,059
- Gross operating margin -€4,669
down €4,669 (-44.4%), from €10,526 to €5,856
- Financial charges +€2,212
up €2,212 (+402%), from €550 to €2,762
- Other operating charges -€1,592
down €1,592 (-44.3%), from €3,596 to €2,003
- Depreciation -€596
down €596 (-34.2%), from €1,745 to €1,149
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.
Derived cash bridge
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 | €27,087 | €23,803 | -€3,284 | -12.1% |
| Fixed assets | 21/28 | €24,327 | €23,178 | -€1,149 | -4.7% |
| Tangible fixed assets | 22/27 | €24,327 | €23,178 | -€1,149 | -4.7% |
| Land and buildings | 22 | €24,327 | €23,178 | -€1,149 | -4.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €2,760 | €625 | -€2,135 | -77.4% |
| Amounts receivable within one year | 40/41 | €441 | €0 | -€441 | -100% |
| Other amounts receivable | 41 | €441 | €0 | -€441 | -100% |
| Cash at bank and in hand | 54/58 | €2,319 | €625 | -€1,695 | -73.1% |
| Total equity and liabilities | 10/49 | €27,087 | €23,803 | -€3,284 | -12.1% |
| Equity | 10/15 | -€98,413 | -€98,471 | -€58 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,013 | -€117,071 | -€58 | 0.0% |
| Amounts payable | 17/49 | €125,500 | €122,273 | -€3,226 | -2.6% |
| Amounts payable after more than one year | 17 | €116,273 | €110,787 | -€5,485 | -4.7% |
| Financial debts | 170/4 | €4,697 | €962 | -€3,735 | -79.5% |
| Other amounts payable | 178/9 | €111,576 | €109,826 | -€1,750 | -1.6% |
| Amounts payable within one year | 42/48 | €8,568 | €10,827 | +€2,259 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €3,562 | €3,735 | +€173 | +4.8% |
| Trade debts | 44 | €5,005 | €7,059 | +€2,053 | +41.0% |
| Suppliers | 440/4 | €5,005 | €7,059 | +€2,053 | +41.0% |
| Taxes, remuneration and social security | 45 | €0 | €33 | +€33 | |
| Taxes | 450/3 | €0 | €33 | +€33 | |
| Accrued charges and deferred income | 492/3 | €659 | €659 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,745 | €1,149 | -€596 | -34.2% |
| Other operating charges | 640/8 | €3,596 | €2,003 | -€1,592 | -44.3% |
| Gross operating margin | 9900 | €10,526 | €5,856 | -€4,669 | -44.4% |
| Operating profit (loss) | 9901 | €5,185 | €2,704 | -€2,481 | -47.8% |
| Financial charges | 65/66B | €550 | €2,762 | +€2,212 | +402% |
| Recurring financial charges | 65 | €550 | €2,762 | +€2,212 | +402% |
| Profit (loss) for the period before taxes | 9903 | €4,636 | -€58 | -€4,693 | |
| Profit (loss) for the period | 9904 | €4,636 | -€58 | -€4,693 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,636 | -€58 | -€4,693 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.