MAGDA: 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.
MAGDA
Largest movements
- Cash +€4,648
up €4,648 (+292.9%), from €1,587 to €6,235
mainly Tax, wage and social debts (+€35,558) and Net result for the year (+€3,341)
- Tangible fixed assets -€1,557
down €1,557 (-14.8%), from €10,508 to €8,951
of which Other tangible fixed assets: -€933
- Receivables within one year -€1,480
no longer reported in 2024 (was €1,480)
- Tax, wage and social debts +€35,558
up €35,558 (+171.0%), from €20,799 to €56,357
of which Remuneration and social security: +€34,640
- Other debts -€30,195
down €30,195 (-97.7%), from €30,920 to €725
- Accrued charges and deferred income -€9,100
no longer reported in 2024 (was €9,100)
- Profit (loss) carried forward +€3,341
up €3,341 (+4.1%), from -€80,681 to -€77,340
- Trade debts +€1,887
up €1,887 (+235.6%), from €801 to €2,688
- Gross operating margin +€31,086
up €31,086, from -€529 to €30,557
- Staff costs +€20,156
up €20,156 (+519.4%), from €3,881 to €24,037
- Financial charges +€681
up €681 (+217.6%), from €313 to €994
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 | €31,472 | €32,963 | +€1,491 | +4.7% |
| Fixed assets | 21/28 | €10,508 | €9,091 | -€1,417 | -13.5% |
| Tangible fixed assets | 22/27 | €10,508 | €8,951 | -€1,557 | -14.8% |
| Furniture and vehicles | 24 | €624 | - | -€624 | |
| Other tangible fixed assets | 26 | €9,884 | €8,951 | -€933 | -9.4% |
| Financial fixed assets | 28 | - | €140 | +€140 | |
| Current assets | 29/58 | €20,964 | €23,872 | +€2,908 | +13.9% |
| Stocks and contracts in progress | 3 | €17,897 | €17,637 | -€260 | -1.5% |
| Stocks | 30/36 | €17,897 | €17,637 | -€260 | -1.5% |
| Amounts receivable within one year | 40/41 | €1,480 | - | -€1,480 | |
| Other amounts receivable | 41 | €1,480 | - | -€1,480 | |
| Cash at bank and in hand | 54/58 | €1,587 | €6,235 | +€4,648 | +292.9% |
| Total equity and liabilities | 10/49 | €31,472 | €32,963 | +€1,491 | +4.7% |
| Equity | 10/15 | -€30,148 | -€26,807 | +€3,341 | +11.1% |
| Contributions | 10/11 | €50,533 | €50,533 | = | 0.0% |
| Contributions outside capital | 11 | €50,533 | €50,533 | = | 0.0% |
| Share premium | 1100/10 | €50,533 | €50,533 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,681 | -€77,340 | +€3,341 | +4.1% |
| Amounts payable | 17/49 | €61,620 | €59,770 | -€1,850 | -3.0% |
| Amounts payable within one year | 42/48 | €52,520 | €59,770 | +€7,250 | +13.8% |
| Trade debts | 44 | €801 | €2,688 | +€1,887 | +235.6% |
| Suppliers | 440/4 | €801 | €2,688 | +€1,887 | +235.6% |
| Taxes, remuneration and social security | 45 | €20,799 | €56,357 | +€35,558 | +171.0% |
| Taxes | 450/3 | - | €918 | +€918 | |
| Remuneration and social security | 454/9 | €20,799 | €55,439 | +€34,640 | +166.5% |
| Other amounts payable | 47/48 | €30,920 | €725 | -€30,195 | -97.7% |
| Accrued charges and deferred income | 492/3 | €9,100 | - | -€9,100 | |
| Remuneration, social security and pensions | 62 | €3,881 | €24,037 | +€20,156 | +519.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,504 | €1,557 | +€53 | +3.5% |
| Other operating charges | 640/8 | €592 | €628 | +€36 | +6.1% |
| Gross operating margin | 9900 | -€529 | €30,557 | +€31,086 | |
| Operating profit (loss) | 9901 | -€6,506 | €4,335 | +€10,841 | |
| Financial charges | 65/66B | €313 | €994 | +€681 | +217.6% |
| Recurring financial charges | 65 | €313 | €994 | +€681 | +217.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,819 | €3,341 | +€10,160 | |
| Profit (loss) for the period | 9904 | -€6,819 | €3,341 | +€10,160 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,819 | €3,341 | +€10,160 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.