Magatech: 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.
Magatech
Largest movements
- Receivables after one year +€66,016
new in 2024: €66,016
- Receivables within one year -€45,289
down €45,289 (-75.7%), from €59,823 to €14,534
of which Other amounts receivable: -€42,574
- Cash +€2,959
up €2,959 (+2376.2%), from €125 to €3,083
mainly Receivables within one year (+€45,289) and Tax, wage and social debts (+€12,270)
- Tangible fixed assets -€1,291
down €1,291 (-43.8%), from €2,950 to €1,659
- Tax, wage and social debts +€12,270
up €12,270 (+104.2%), from €11,772 to €24,042
- Trade debts +€9,283
up €9,283 (+175.6%), from €5,286 to €14,569
- Gross operating margin -€45,272
down €45,272 (-93.2%), from €48,552 to €3,280
- Taxes -€11,407
down €11,407 (-96.9%), from €11,772 to €365
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,898 | €85,293 | +€22,395 | +35.6% |
| Fixed assets | 21/28 | €2,950 | €1,659 | -€1,291 | -43.8% |
| Tangible fixed assets | 22/27 | €2,950 | €1,659 | -€1,291 | -43.8% |
| Furniture and vehicles | 24 | €2,950 | €1,659 | -€1,291 | -43.8% |
| Current assets | 29/58 | €59,948 | €83,633 | +€23,686 | +39.5% |
| Amounts receivable after more than one year | 29 | - | €66,016 | +€66,016 | |
| Other amounts receivable | 291 | - | €66,016 | +€66,016 | |
| Amounts receivable within one year | 40/41 | €59,823 | €14,534 | -€45,289 | -75.7% |
| Trade receivables | 40 | €17,249 | €14,534 | -€2,715 | -15.7% |
| Other amounts receivable | 41 | €42,574 | - | -€42,574 | |
| Cash at bank and in hand | 54/58 | €125 | €3,083 | +€2,959 | +2376.2% |
| Total equity and liabilities | 10/49 | €62,898 | €85,293 | +€22,395 | +35.6% |
| Equity | 10/15 | €45,840 | €46,682 | +€842 | +1.8% |
| Profit (loss) carried forward | 14 | €45,840 | €46,682 | +€842 | +1.8% |
| Amounts payable | 17/49 | €17,058 | €38,611 | +€21,553 | +126.4% |
| Amounts payable within one year | 42/48 | €17,058 | €38,611 | +€21,553 | +126.4% |
| Trade debts | 44 | €5,286 | €14,569 | +€9,283 | +175.6% |
| Suppliers | 440/4 | €5,286 | €14,569 | +€9,283 | +175.6% |
| Taxes, remuneration and social security | 45 | €11,772 | €24,042 | +€12,270 | +104.2% |
| Taxes | 450/3 | €11,772 | €24,042 | +€12,270 | +104.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €922 | €1,291 | +€369 | +40.0% |
| Other operating charges | 640/8 | €7 | €81 | +€75 | +1117.1% |
| Gross operating margin | 9900 | €48,552 | €3,280 | -€45,272 | -93.2% |
| Operating profit (loss) | 9901 | €47,623 | €1,908 | -€45,715 | -96.0% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €713 | €704 | -€9 | -1.2% |
| Recurring financial charges | 65 | €713 | €704 | -€9 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €46,910 | €1,207 | -€45,703 | -97.4% |
| Income taxes | 67/77 | €11,772 | €365 | -€11,407 | -96.9% |
| Profit (loss) for the period | 9904 | €35,138 | €842 | -€34,296 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,138 | €842 | -€34,296 | -97.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.