MAGAX: 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.
MAGAX
Largest movements
- Cash +€32,486
up €32,486 (+527.1%), from €6,163 to €38,649
mainly Other debts (+€42,000) and Tax, wage and social debts (+€18,749)
- Receivables within one year +€6,251
up €6,251 (+33.6%), from €18,588 to €24,839
of which Trade receivables: +€18,736
- Tangible fixed assets -€4,919
down €4,919 (-33.4%), from €14,748 to €9,829
- Other debts +€42,000
new in 2025: €42,000
- Profit (loss) carried forward -€29,648
no longer reported in 2025 (was €29,648)
- Tax, wage and social debts +€18,749
up €18,749 (+9063.8%), from €207 to €18,955
- Reserves +€3,237
up €3,237 (+174.0%), from €1,860 to €5,097
- Gross operating margin +€28,460
up €28,460 (+1360.1%), from €2,092 to €30,553
- Taxes +€8,393
up €8,393 (+4057.7%), from €207 to €8,600
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 | €39,499 | €73,720 | +€34,220 | +86.6% |
| Fixed assets | 21/28 | €14,748 | €9,829 | -€4,919 | -33.4% |
| Tangible fixed assets | 22/27 | €14,748 | €9,829 | -€4,919 | -33.4% |
| Furniture and vehicles | 24 | €14,748 | €9,829 | -€4,919 | -33.4% |
| Current assets | 29/58 | €24,752 | €63,891 | +€39,139 | +158.1% |
| Amounts receivable within one year | 40/41 | €18,588 | €24,839 | +€6,251 | +33.6% |
| Trade receivables | 40 | €1,125 | €19,861 | +€18,736 | +1664.8% |
| Other amounts receivable | 41 | €17,463 | €4,978 | -€12,485 | -71.5% |
| Cash at bank and in hand | 54/58 | €6,163 | €38,649 | +€32,486 | +527.1% |
| Deferred charges and accrued income | 490/1 | - | €402 | +€402 | |
| Total equity and liabilities | 10/49 | €39,499 | €73,720 | +€34,220 | +86.6% |
| Equity | 10/15 | €37,708 | €11,297 | -€26,411 | -70.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €5,097 | +€3,237 | +174.0% |
| Distributable reserves | 133 | €1,860 | €5,097 | +€3,237 | +174.0% |
| Profit (loss) carried forward | 14 | €29,648 | - | -€29,648 | |
| Amounts payable | 17/49 | €1,792 | €62,423 | +€60,631 | +3384.4% |
| Amounts payable within one year | 42/48 | €1,792 | €62,423 | +€60,631 | +3384.4% |
| Trade debts | 44 | €1,585 | €1,467 | -€117 | -7.4% |
| Suppliers | 440/4 | €1,585 | €1,467 | -€117 | -7.4% |
| Taxes, remuneration and social security | 45 | €207 | €18,955 | +€18,749 | +9063.8% |
| Taxes | 450/3 | €207 | €18,955 | +€18,749 | +9063.8% |
| Other amounts payable | 47/48 | - | €42,000 | +€42,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,605 | €5,686 | +€81 | +1.4% |
| Other operating charges | 640/8 | €1,365 | €1,175 | -€190 | -13.9% |
| Non-recurring operating charges | 66A | €488 | - | -€488 | |
| Gross operating margin | 9900 | €2,092 | €30,553 | +€28,460 | +1360.1% |
| Operating profit (loss) | 9901 | -€5,366 | €23,692 | +€29,058 | |
| Financial income | 75/76B | €905 | €710 | -€195 | -21.6% |
| Recurring financial income | 75 | €905 | €710 | -€195 | -21.6% |
| Financial charges | 65/66B | €235 | €212 | -€23 | -9.7% |
| Recurring financial charges | 65 | €235 | €212 | -€23 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,696 | €24,189 | +€28,885 | |
| Income taxes | 67/77 | €207 | €8,600 | +€8,393 | +4057.7% |
| Profit (loss) for the period | 9904 | -€4,903 | €15,589 | +€20,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,903 | €15,589 | +€20,492 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.