MAGBAZA: 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.
MAGBAZA
Largest movements
- Cash +€18,541
up €18,541 (+32.1%), from €57,704 to €76,245
mainly Net result for the year (+€12,179) and Tax, wage and social debts (+€4,887)
- Stocks and contracts +€3,840
up €3,840 (+376%), from €1,021 to €4,860
- Profit (loss) carried forward +€12,179
up €12,179 (+41.7%), from €29,177 to €41,356
- Tax, wage and social debts +€4,887
up €4,887 (+118%), from €4,135 to €9,022
of which Taxes: +€3,523
- Other debts +€4,676
up €4,676 (+91.6%), from €5,107 to €9,783
- Trade debts +€1,337
new in 2025: €1,337
- Gross operating margin -€2,934
down €2,934 (-14.7%), from €19,911 to €16,978
- Financial charges -€564
down €564 (-86.2%), from €654 to €90
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 | €59,325 | €82,403 | +€23,079 | +38.9% |
| Fixed assets | 21/28 | €600 | €600 | = | 0.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €58,725 | €81,803 | +€23,079 | +39.3% |
| Stocks and contracts in progress | 3 | €1,021 | €4,860 | +€3,840 | +376% |
| Stocks | 30/36 | €1,021 | €4,860 | +€3,840 | +376% |
| Amounts receivable within one year | 40/41 | - | €243 | +€243 | |
| Trade receivables | 40 | - | €243 | +€243 | |
| Cash at bank and in hand | 54/58 | €57,704 | €76,245 | +€18,541 | +32.1% |
| Deferred charges and accrued income | 490/1 | - | €455 | +€455 | |
| Total equity and liabilities | 10/49 | €59,325 | €82,403 | +€23,079 | +38.9% |
| Equity | 10/15 | €50,082 | €62,261 | +€12,179 | +24.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,305 | €2,305 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €445 | €445 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,177 | €41,356 | +€12,179 | +41.7% |
| Amounts payable | 17/49 | €9,243 | €20,142 | +€10,899 | +118% |
| Amounts payable within one year | 42/48 | €9,243 | €20,142 | +€10,899 | +118% |
| Trade debts | 44 | - | €1,337 | +€1,337 | |
| Suppliers | 440/4 | - | €1,337 | +€1,337 | |
| Taxes, remuneration and social security | 45 | €4,135 | €9,022 | +€4,887 | +118% |
| Taxes | 450/3 | €4,135 | €7,658 | +€3,523 | +85.2% |
| Remuneration and social security | 454/9 | - | €1,364 | +€1,364 | |
| Other amounts payable | 47/48 | €5,107 | €9,783 | +€4,676 | +91.6% |
| Other operating charges | 640/8 | €1,180 | €1,238 | +€58 | +4.9% |
| Gross operating margin | 9900 | €19,911 | €16,978 | -€2,934 | -14.7% |
| Operating profit (loss) | 9901 | €18,731 | €15,739 | -€2,992 | -16.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -93.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -93.3% |
| Financial charges | 65/66B | €654 | €90 | -€564 | -86.2% |
| Recurring financial charges | 65 | €654 | €90 | -€564 | -86.2% |
| Profit (loss) for the period before taxes | 9903 | €18,077 | €15,649 | -€2,428 | -13.4% |
| Income taxes | 67/77 | €3,541 | €3,470 | -€71 | -2.0% |
| Profit (loss) for the period | 9904 | €14,537 | €12,179 | -€2,358 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,537 | €12,179 | -€2,358 | -16.2% |
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 28 October 2026 via checked.be.