MAGEIN: 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.
MAGEIN
Largest movements
- Cash +€7,846
up €7,846 (+18.1%), from €43,401 to €51,246
mainly Other debts (+€14,639) and Net result for the year (+€8,966)
- Receivables within one year -€4,116
down €4,116 (-20.2%), from €20,426 to €16,310
of which Trade receivables: -€4,219
- Tangible fixed assets +€1,622
up €1,622 (+372.0%), from €436 to €2,058
of which Furniture and vehicles: +€1,622
- Other debts +€14,639
up €14,639 (+57.4%), from €25,494 to €40,134
- Reserves -€8,834
down €8,834 (-7.4%), from €119,337 to €110,503
of which Distributable reserves: -€8,834
- Gross operating margin +€4,000
up €4,000 (+37.5%), from €10,671 to €14,671
- Financial charges +€720
up €720 (+141.8%), from €508 to €1,229
- Taxes +€627
up €627 (+19.4%), from €3,226 to €3,852
- Financial income +€408
up €408 (+152.9%), from €267 to €675
- Depreciation +€152
up €152 (+17.4%), from €872 to €1,024
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 | €156,324 | €161,852 | +€5,528 | +3.5% |
| Fixed assets | 21/28 | €436 | €2,058 | +€1,622 | +372.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €436 | €2,058 | +€1,622 | +372.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €436 | €2,058 | +€1,622 | +372.0% |
| Current assets | 29/58 | €155,888 | €159,794 | +€3,906 | +2.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €25,093 | €24,646 | -€447 | -1.8% |
| Stocks | 30/36 | €25,093 | €24,646 | -€447 | -1.8% |
| Amounts receivable within one year | 40/41 | €20,426 | €16,310 | -€4,116 | -20.2% |
| Trade receivables | 40 | €20,426 | €16,207 | -€4,219 | -20.7% |
| Other amounts receivable | 41 | €0 | €103 | +€103 | |
| Current investments | 50/53 | €66,398 | €66,935 | +€537 | +0.8% |
| Cash at bank and in hand | 54/58 | €43,401 | €51,246 | +€7,846 | +18.1% |
| Deferred charges and accrued income | 490/1 | €571 | €657 | +€86 | +15.1% |
| Total equity and liabilities | 10/49 | €156,324 | €161,852 | +€5,528 | +3.5% |
| Equity | 10/15 | €125,537 | €116,703 | -€8,834 | -7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €119,337 | €110,503 | -€8,834 | -7.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,761 | €17,761 | = | 0.0% |
| Distributable reserves | 133 | €99,716 | €90,882 | -€8,834 | -8.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,788 | €45,149 | +€14,362 | +46.6% |
| Amounts payable within one year | 42/48 | €30,788 | €45,149 | +€14,362 | +46.6% |
| Trade debts | 44 | €2,664 | €2,139 | -€525 | -19.7% |
| Suppliers | 440/4 | €2,664 | €2,139 | -€525 | -19.7% |
| Taxes, remuneration and social security | 45 | €2,629 | €2,877 | +€248 | +9.4% |
| Taxes | 450/3 | €2,629 | €2,877 | +€248 | +9.4% |
| Other amounts payable | 47/48 | €25,494 | €40,134 | +€14,639 | +57.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €872 | €1,024 | +€152 | +17.4% |
| Other operating charges | 640/8 | €199 | €276 | +€76 | +38.3% |
| Gross operating margin | 9900 | €10,671 | €14,671 | +€4,000 | +37.5% |
| Operating profit (loss) | 9901 | €9,600 | €13,371 | +€3,771 | +39.3% |
| Financial income | 75/76B | €267 | €675 | +€408 | +152.9% |
| Recurring financial income | 75 | €267 | €675 | +€408 | +152.9% |
| Financial charges | 65/66B | €508 | €1,229 | +€720 | +141.8% |
| Recurring financial charges | 65 | €508 | €1,229 | +€720 | +141.8% |
| Profit (loss) for the period before taxes | 9903 | €9,359 | €12,818 | +€3,459 | +37.0% |
| Income taxes | 67/77 | €3,226 | €3,852 | +€627 | +19.4% |
| Profit (loss) for the period | 9904 | €6,133 | €8,966 | +€2,833 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,133 | €8,966 | +€2,833 | +46.2% |
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 1 October 2026 via checked.be.