MAGELLAN LEISURE: 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.
MAGELLAN LEISURE
Largest movements
- Tangible fixed assets +€126,292
up €126,292 (+18.1%), from €697,369 to €823,661
of which Land and buildings: +€127,171
- Receivables within one year +€13,258
up €13,258 (+69.1%), from €19,199 to €32,456
of which Other amounts receivable: +€9,008
- Other debts +€159,549
up €159,549 (+104%), from €153,277 to €312,825
- Profit (loss) carried forward -€36,330
down €36,330 (-91.2%), from -€39,841 to -€76,171
- Short-term financial debts +€35,509
up €35,509 (+227%), from €15,641 to €51,150
- Debts after one year -€32,588
down €32,588 (-6.8%), from €478,036 to €445,449
- Contributions +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Gross operating margin -€2,576
down €2,576 (-56.7%), from -€4,545 to -€7,120
- Financial charges +€1,895
up €1,895 (+7.5%), from €25,302 to €27,196
- Depreciation +€1,333
up €1,333 (+337%), from €396 to €1,729
- Other operating charges +€283
new in 2025: €283
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 | €717,986 | €856,685 | +€138,699 | +19.3% |
| Formation expenses | 20 | €1,418 | €567 | -€851 | -60.0% |
| Fixed assets | 21/28 | €697,369 | €823,661 | +€126,292 | +18.1% |
| Tangible fixed assets | 22/27 | €697,369 | €823,661 | +€126,292 | +18.1% |
| Land and buildings | 22 | €693,372 | €820,542 | +€127,171 | +18.3% |
| Plant, machinery and equipment | 23 | €999 | €761 | -€239 | -23.9% |
| Furniture and vehicles | 24 | €2,998 | €2,358 | -€640 | -21.3% |
| Current assets | 29/58 | €19,199 | €32,456 | +€13,258 | +69.1% |
| Amounts receivable within one year | 40/41 | €19,199 | €32,456 | +€13,258 | +69.1% |
| Trade receivables | 40 | - | €4,250 | +€4,250 | |
| Other amounts receivable | 41 | €19,199 | €28,206 | +€9,008 | +46.9% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €717,986 | €856,685 | +€138,699 | +19.3% |
| Equity | 10/15 | -€29,841 | -€56,171 | -€26,330 | -88.2% |
| Contributions | 10/11 | €10,000 | €20,000 | +€10,000 | +100% |
| Profit (loss) carried forward | 14 | -€39,841 | -€76,171 | -€36,330 | -91.2% |
| Amounts payable | 17/49 | €747,827 | €912,855 | +€165,029 | +22.1% |
| Amounts payable after more than one year | 17 | €478,036 | €445,449 | -€32,588 | -6.8% |
| Financial debts | 170/4 | €478,036 | €445,449 | -€32,588 | -6.8% |
| Amounts payable within one year | 42/48 | €269,790 | €467,406 | +€197,616 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | €31,068 | €31,254 | +€186 | +0.6% |
| Financial debts | 43 | €15,641 | €51,150 | +€35,509 | +227% |
| Credit institutions | 430/8 | €15,641 | €51,150 | +€35,509 | +227% |
| Trade debts | 44 | €69,805 | €72,177 | +€2,373 | +3.4% |
| Suppliers | 440/4 | €69,805 | €72,177 | +€2,373 | +3.4% |
| Taxes, remuneration and social security | 45 | - | €0 | +€0 | |
| Taxes | 450/3 | - | €0 | +€0 | |
| Other amounts payable | 47/48 | €153,277 | €312,825 | +€159,549 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396 | €1,729 | +€1,333 | +337% |
| Other operating charges | 640/8 | - | €283 | +€283 | |
| Gross operating margin | 9900 | -€4,545 | -€7,120 | -€2,576 | -56.7% |
| Operating profit (loss) | 9901 | -€4,940 | -€9,133 | -€4,193 | -84.9% |
| Financial charges | 65/66B | €25,302 | €27,196 | +€1,895 | +7.5% |
| Recurring financial charges | 65 | €25,302 | €27,196 | +€1,895 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | -€30,242 | -€36,330 | -€6,087 | -20.1% |
| Profit (loss) for the period | 9904 | -€30,242 | -€36,330 | -€6,087 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,242 | -€36,330 | -€6,087 | -20.1% |
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 19 October 2026 via checked.be.