MAGEGA: what changed
Two fiscal 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.
MAGEGA
Largest movements
- Tangible fixed assets +€36,573
up €36,573 (+11.9%), from €307,682 to €344,255
of which Furniture and vehicles: +€49,159
- Receivables within one year +€22,287
up €22,287 (+5.8%), from €382,553 to €404,839
of which Other amounts receivable: +€22,287
- Reserves +€141,183
up €141,183 (+39.0%), from €362,138 to €503,321
of which Distributable reserves: +€142,644
- Profit (loss) carried forward -€130,742
down €130,742 (-100.0%), from €130,744 to €2
- Other debts +€29,450
new in 2025: €29,450
- Tax, wage and social debts +€20,339
up €20,339 (+312.4%), from €6,510 to €26,849
- Gross operating margin +€38,671
up €38,671 (+87.3%), from €44,275 to €82,946
- Depreciation -€22,555
down €22,555 (-56.7%), from €39,771 to €17,215
- Taxes +€18,992
up €18,992 (+355.5%), from €5,343 to €24,336
- Other operating charges +€4,389
up €4,389 (+163.3%), from €2,688 to €7,077
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 | €823,348 | €882,137 | +€58,789 | +7.1% |
| Fixed assets | 21/28 | €337,682 | €374,255 | +€36,573 | +10.8% |
| Tangible fixed assets | 22/27 | €307,682 | €344,255 | +€36,573 | +11.9% |
| Land and buildings | 22 | €304,971 | €292,617 | -€12,354 | -4.1% |
| Furniture and vehicles | 24 | €2,247 | €51,406 | +€49,159 | +2187.8% |
| Leasing and similar rights | 25 | €464 | €232 | -€232 | -50.0% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €485,666 | €507,882 | +€22,216 | +4.6% |
| Amounts receivable within one year | 40/41 | €382,553 | €404,839 | +€22,287 | +5.8% |
| Trade receivables | 40 | €400 | €400 | = | 0.0% |
| Other amounts receivable | 41 | €382,153 | €404,439 | +€22,287 | +5.8% |
| Cash at bank and in hand | 54/58 | €74,057 | €75,713 | +€1,656 | +2.2% |
| Deferred charges and accrued income | 490/1 | €29,057 | €27,330 | -€1,727 | -5.9% |
| Total equity and liabilities | 10/49 | €823,348 | €882,137 | +€58,789 | +7.1% |
| Equity | 10/15 | €507,142 | €517,583 | +€10,441 | +2.1% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €362,138 | €503,321 | +€141,183 | +39.0% |
| Tax-exempt reserves | 132 | €47,031 | €45,570 | -€1,461 | -3.1% |
| Distributable reserves | 133 | €315,107 | €457,751 | +€142,644 | +45.3% |
| Profit (loss) carried forward | 14 | €130,744 | €2 | -€130,742 | -100.0% |
| Provisions and deferred taxes | 16 | €290,475 | €285,254 | -€5,221 | -1.8% |
| Provisions for liabilities and charges | 160/5 | €274,798 | €270,064 | -€4,734 | -1.7% |
| Environmental obligations | 163 | €274,798 | €270,064 | -€4,734 | -1.7% |
| Deferred taxes | 168 | €15,677 | €15,190 | -€487 | -3.1% |
| Amounts payable | 17/49 | €25,731 | €79,300 | +€53,569 | +208.2% |
| Amounts payable within one year | 42/48 | €9,996 | €62,307 | +€52,311 | +523.3% |
| Trade debts | 44 | €3,486 | €6,009 | +€2,523 | +72.4% |
| Suppliers | 440/4 | €3,486 | €6,009 | +€2,523 | +72.4% |
| Taxes, remuneration and social security | 45 | €6,510 | €26,849 | +€20,339 | +312.4% |
| Taxes | 450/3 | €6,510 | €26,849 | +€20,339 | +312.4% |
| Other amounts payable | 47/48 | - | €29,450 | +€29,450 | |
| Accrued charges and deferred income | 492/3 | €15,735 | €16,993 | +€1,258 | +8.0% |
| Non-recurring operating income | 76A | - | €12,221 | +€12,221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,771 | €17,215 | -€22,555 | -56.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,734 | -€4,734 | = | 0.0% |
| Other operating charges | 640/8 | €2,688 | €7,077 | +€4,389 | +163.3% |
| Gross operating margin | 9900 | €44,275 | €82,946 | +€38,671 | +87.3% |
| Operating profit (loss) | 9901 | €6,550 | €63,387 | +€56,837 | +867.7% |
| Financial income | 75/76B | €21,653 | €20,982 | -€671 | -3.1% |
| Recurring financial income | 75 | €21,653 | €20,982 | -€671 | -3.1% |
| Financial charges | 65/66B | €19,086 | €19,079 | -€6 | 0.0% |
| Recurring financial charges | 65 | €19,086 | €19,079 | -€6 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €9,118 | €65,289 | +€56,171 | +616.1% |
| Transfer from deferred taxes | 780 | €398 | €487 | +€89 | +22.5% |
| Income taxes | 67/77 | €5,343 | €24,336 | +€18,992 | +355.5% |
| Profit (loss) for the period | 9904 | €4,172 | €41,441 | +€37,268 | +893.2% |
| Transfer from tax-exempt reserves | 789 | €1,193 | €1,461 | +€268 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,365 | €42,902 | +€37,537 | +699.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.