MagCam: 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.
MagCam
Largest movements
- Intangible fixed assets +€234,674
up €234,674, from €0 to €234,674
- Stocks and contracts -€120,487
down €120,487 (-14.9%), from €806,829 to €686,343
- Receivables within one year -€58,975
down €58,975 (-18.9%), from €312,532 to €253,556
of which Trade receivables: -€36,304
- Cash -€45,810
down €45,810 (-33.0%), from €138,729 to €92,919
mainly Investment in fixed assets (net) (-€236,988) and Net result for the year (-€88,628)
- Tangible fixed assets -€21,454
down €21,454 (-18.4%), from €116,731 to €95,277
of which Plant, machinery and equipment: -€16,310
- Current portion of long-term debt +€109,211
up €109,211 (+71.0%), from €153,780 to €262,991
- Profit (loss) carried forward -€88,628
down €88,628 (-9.3%), from €956,991 to €868,364
- Debts after one year -€34,342
down €34,342 (-79.8%), from €43,016 to €8,674
- Turnover -€330,391
down €330,391 (-23.4%), from €1.4m to €1.1m
- Gross operating margin -€138,325
down €138,325 (-27.6%), from €500,929 to €362,604
- Purchases and services -€71,709
down €71,709 (-6.6%), from €1.1m to €1.0m
- Staff costs +€51,512
up €51,512 (+15.0%), from €344,011 to €395,523
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 | €1,407,887 | €1,384,595 | -€23,292 | -1.7% |
| Fixed assets | 21/28 | €126,879 | €340,098 | +€213,219 | +168% |
| Intangible fixed assets | 21 | €0 | €234,674 | +€234,674 | |
| Tangible fixed assets | 22/27 | €116,731 | €95,277 | -€21,454 | -18.4% |
| Plant, machinery and equipment | 23 | €105,039 | €88,729 | -€16,310 | -15.5% |
| Furniture and vehicles | 24 | €9,318 | €4,939 | -€4,380 | -47.0% |
| Other tangible fixed assets | 26 | €2,373 | €1,609 | -€765 | -32.2% |
| Financial fixed assets | 28 | €10,148 | €10,148 | = | 0.0% |
| Current assets | 29/58 | €1,281,008 | €1,044,497 | -€236,511 | -18.5% |
| Stocks and contracts in progress | 3 | €806,829 | €686,343 | -€120,487 | -14.9% |
| Stocks | 30/36 | €806,829 | €686,343 | -€120,487 | -14.9% |
| Amounts receivable within one year | 40/41 | €312,532 | €253,556 | -€58,975 | -18.9% |
| Trade receivables | 40 | €267,847 | €231,543 | -€36,304 | -13.6% |
| Other amounts receivable | 41 | €44,685 | €22,013 | -€22,672 | -50.7% |
| Cash at bank and in hand | 54/58 | €138,729 | €92,919 | -€45,810 | -33.0% |
| Deferred charges and accrued income | 490/1 | €22,918 | €11,680 | -€11,239 | -49.0% |
| Total equity and liabilities | 10/49 | €1,407,887 | €1,384,595 | -€23,292 | -1.7% |
| Equity | 10/15 | €1,033,991 | €945,364 | -€88,628 | -8.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €956,991 | €868,364 | -€88,628 | -9.3% |
| Amounts payable | 17/49 | €373,895 | €439,232 | +€65,336 | +17.5% |
| Amounts payable after more than one year | 17 | €43,016 | €8,674 | -€34,342 | -79.8% |
| Financial debts | 170/4 | €43,016 | €8,674 | -€34,342 | -79.8% |
| Amounts payable within one year | 42/48 | €330,879 | €430,557 | +€99,678 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | €153,780 | €262,991 | +€109,211 | +71.0% |
| Financial debts | 43 | €1,256 | €9,343 | +€8,087 | +644% |
| Credit institutions | 430/8 | €1,256 | €9,343 | +€8,087 | +644% |
| Trade debts | 44 | €101,442 | €89,949 | -€11,493 | -11.3% |
| Suppliers | 440/4 | €101,442 | €89,949 | -€11,493 | -11.3% |
| Taxes, remuneration and social security | 45 | €42,424 | €49,083 | +€6,660 | +15.7% |
| Taxes | 450/3 | €2,643 | €2,047 | -€597 | -22.6% |
| Remuneration and social security | 454/9 | €39,780 | €47,037 | +€7,257 | +18.2% |
| Other amounts payable | 47/48 | €31,978 | €19,191 | -€12,787 | -40.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €1,413,214 | €1,082,823 | -€330,391 | -23.4% |
| Non-recurring operating income | 76A | €6,718 | €0 | -€6,718 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,080,044 | €1,008,335 | -€71,709 | -6.6% |
| Remuneration, social security and pensions | 62 | €344,011 | €395,523 | +€51,512 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,881 | €23,769 | -€8,112 | -25.4% |
| Other operating charges | 640/8 | €1,821 | €1,678 | -€144 | -7.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €500,929 | €362,604 | -€138,325 | -27.6% |
| Operating profit (loss) | 9901 | €123,216 | -€58,365 | -€181,581 | |
| Financial income | 75/76B | €10,183 | €7,616 | -€2,567 | -25.2% |
| Recurring financial income | 75 | €10,183 | €7,616 | -€2,567 | -25.2% |
| Financial charges | 65/66B | €32,267 | €36,920 | +€4,653 | +14.4% |
| Recurring financial charges | 65 | €32,267 | €36,920 | +€4,653 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €101,131 | -€87,670 | -€188,801 | |
| Income taxes | 67/77 | €1,093 | €958 | -€134 | -12.3% |
| Profit (loss) for the period | 9904 | €100,039 | -€88,628 | -€188,667 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,039 | -€88,628 | -€188,667 |
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 16 October 2026 via checked.be.