MAGEGA: 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.
MAGEGA
Largest movements
- Current investments +€1.3m
new in 2025: €1.3m
- Cash -€1.3m
down €1.3m (-99.1%), from €1.3m to €11,512
mainly Current investments (-€1.3m) and Contributions, distributions and other (-€261,540)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€36,073
up €36,073 (+23,904%), from €151 to €36,224
- Financial income +€25,565
up €25,565 (+6.6%), from €388,888 to €414,453
- Gross operating margin +€2,417
up €2,417 (+10.7%), from -€22,492 to -€20,075
- Taxes -€738
down €738 (-2.2%), from €33,207 to €32,469
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 | €9,964,422 | €9,966,641 | +€2,219 | 0.0% |
| Fixed assets | 21/28 | €8,634,076 | €8,634,076 | = | 0.0% |
| Financial fixed assets | 28 | €8,634,076 | €8,634,076 | = | 0.0% |
| Current assets | 29/58 | €1,330,346 | €1,332,565 | +€2,219 | +0.2% |
| Amounts receivable within one year | 40/41 | €9,584 | €0 | -€9,584 | -100% |
| Other amounts receivable | 41 | €9,584 | €0 | -€9,584 | -100% |
| Current investments | 50/53 | - | €1,318,472 | +€1.3m | |
| Cash at bank and in hand | 54/58 | €1,320,762 | €11,512 | -€1.3m | -99.1% |
| Deferred charges and accrued income | 490/1 | - | €2,582 | +€2,582 | |
| Total equity and liabilities | 10/49 | €9,964,422 | €9,966,641 | +€2,219 | 0.0% |
| Equity | 10/15 | €9,609,990 | €9,673,135 | +€63,146 | +0.7% |
| Contributions | 10/11 | €7,134,080 | €7,134,080 | = | 0.0% |
| Reserves | 13 | €2,475,910 | €2,539,055 | +€63,146 | +2.6% |
| Distributable reserves | 133 | €2,475,910 | €2,539,055 | +€63,146 | +2.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €354,432 | €293,506 | -€60,926 | -17.2% |
| Amounts payable within one year | 42/48 | €354,432 | €293,506 | -€60,926 | -17.2% |
| Trade debts | 44 | €3,742 | €2,480 | -€1,263 | -33.7% |
| Suppliers | 440/4 | €3,742 | €2,480 | -€1,263 | -33.7% |
| Taxes, remuneration and social security | 45 | €34,307 | €23,742 | -€10,565 | -30.8% |
| Taxes | 450/3 | €33,207 | €21,542 | -€11,665 | -35.1% |
| Remuneration and social security | 454/9 | €1,100 | €2,200 | +€1,100 | +100% |
| Other amounts payable | 47/48 | €316,383 | €267,284 | -€49,099 | -15.5% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€22,492 | -€20,075 | +€2,417 | +10.7% |
| Operating profit (loss) | 9901 | -€23,460 | -€21,074 | +€2,386 | +10.2% |
| Financial income | 75/76B | €388,888 | €414,453 | +€25,565 | +6.6% |
| Recurring financial income | 75 | €388,888 | €414,453 | +€25,565 | +6.6% |
| Financial charges | 65/66B | €151 | €36,224 | +€36,073 | +23,904% |
| Recurring financial charges | 65 | €151 | €36,224 | +€36,073 | +23,904% |
| Profit (loss) for the period before taxes | 9903 | €365,277 | €357,155 | -€8,122 | -2.2% |
| Income taxes | 67/77 | €33,207 | €32,469 | -€738 | -2.2% |
| Profit (loss) for the period | 9904 | €332,070 | €324,686 | -€7,384 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €332,070 | €324,686 | -€7,384 | -2.2% |
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 14 October 2026 via checked.be.