MAGAZIN: 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.
MAGAZIN
Largest movements
- Receivables within one year +€9,311
up €9,311 (+1025.8%), from €908 to €10,219
of which Trade receivables: +€10,159
- Cash -€5,621
down €5,621 (-38.1%), from €14,739 to €9,118
mainly Receivables within one year (-€9,311) and Other debts (-€1,707)
- Deferred charges and accrued income -€2,785
no longer reported in 2025 (was €2,785)
- Tangible fixed assets -€1,028
down €1,028 (-82.1%), from €1,252 to €225
- Other debts -€1,707
down €1,707 (-83.6%), from €2,042 to €335
- Trade debts +€1,495
new in 2025: €1,495
- Profit (loss) carried forward +€239
up €239 (+1.3%), from -€18,966 to -€18,727
- Gross operating margin +€7,272
up €7,272, from -€4,995 to €2,277
- Other operating charges -€1,060
down €1,060 (-67.0%), from €1,582 to €522
- Depreciation -€71
down €71 (-6.5%), from €1,099 to €1,028
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 | €19,684 | €19,562 | -€122 | -0.6% |
| Fixed assets | 21/28 | €1,252 | €225 | -€1,028 | -82.1% |
| Tangible fixed assets | 22/27 | €1,252 | €225 | -€1,028 | -82.1% |
| Furniture and vehicles | 24 | €1,252 | €225 | -€1,028 | -82.1% |
| Current assets | 29/58 | €18,432 | €19,337 | +€905 | +4.9% |
| Amounts receivable within one year | 40/41 | €908 | €10,219 | +€9,311 | +1025.8% |
| Trade receivables | 40 | - | €10,159 | +€10,159 | |
| Other amounts receivable | 41 | €908 | €60 | -€848 | -93.4% |
| Cash at bank and in hand | 54/58 | €14,739 | €9,118 | -€5,621 | -38.1% |
| Deferred charges and accrued income | 490/1 | €2,785 | - | -€2,785 | |
| Total equity and liabilities | 10/49 | €19,684 | €19,562 | -€122 | -0.6% |
| Equity | 10/15 | €17,460 | €17,698 | +€239 | +1.4% |
| Contributions | 10/11 | €14,600 | €14,600 | = | 0.0% |
| Reserves | 13 | €21,825 | €21,825 | = | 0.0% |
| Distributable reserves | 133 | €21,825 | €21,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,966 | -€18,727 | +€239 | +1.3% |
| Amounts payable | 17/49 | €2,224 | €1,863 | -€361 | -16.2% |
| Amounts payable within one year | 42/48 | €2,224 | €1,863 | -€361 | -16.2% |
| Trade debts | 44 | - | €1,495 | +€1,495 | |
| Suppliers | 440/4 | - | €1,495 | +€1,495 | |
| Taxes, remuneration and social security | 45 | €182 | €33 | -€149 | -81.9% |
| Taxes | 450/3 | €182 | €33 | -€149 | -81.9% |
| Other amounts payable | 47/48 | €2,042 | €335 | -€1,707 | -83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,099 | €1,028 | -€71 | -6.5% |
| Other operating charges | 640/8 | €1,582 | €522 | -€1,060 | -67.0% |
| Gross operating margin | 9900 | -€4,995 | €2,277 | +€7,272 | |
| Operating profit (loss) | 9901 | -€7,676 | €728 | +€8,403 | |
| Financial charges | 65/66B | €445 | €489 | +€44 | +9.8% |
| Recurring financial charges | 65 | €445 | €489 | +€44 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,121 | €239 | +€8,359 | |
| Profit (loss) for the period | 9904 | -€8,121 | €239 | +€8,359 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,121 | €239 | +€8,359 |
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 9 October 2026 via checked.be.