MAGELLAN PARTNERS: 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 PARTNERS
Largest movements
- Receivables within one year +€150,898
up €150,898 (+75.1%), from €200,890 to €351,788
of which Trade receivables: +€170,374
- Cash +€16,339
up €16,339 (+258%), from €6,324 to €22,663
mainly Advances received (+€210,114) and Net result for the year (+€43,908)
- Advances received +€210,114
up €210,114 (+102%), from €206,516 to €416,630
- Other debts -€76,602
down €76,602 (-83.6%), from €91,641 to €15,039
- Profit (loss) carried forward +€43,908
up €43,908 (+108%), from €40,536 to €84,444
- Gross operating margin +€18,500
up €18,500 (+48.9%), from €37,796 to €56,295
- Financial charges -€15,021
down €15,021 (-99.1%), from €15,157 to €137
- Taxes +€863
up €863 (+7.6%), from €11,387 to €12,251
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.
Derived cash bridge
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 | €546,200 | €718,438 | +€172,238 | +31.5% |
| Fixed assets | 21/28 | €338,986 | €343,986 | +€5,000 | +1.5% |
| Financial fixed assets | 28 | €338,986 | €343,986 | +€5,000 | +1.5% |
| Current assets | 29/58 | €207,214 | €374,451 | +€167,238 | +80.7% |
| Amounts receivable within one year | 40/41 | €200,890 | €351,788 | +€150,898 | +75.1% |
| Trade receivables | 40 | €179,545 | €349,919 | +€170,374 | +94.9% |
| Other amounts receivable | 41 | €21,345 | €1,869 | -€19,476 | -91.2% |
| Cash at bank and in hand | 54/58 | €6,324 | €22,663 | +€16,339 | +258% |
| Total equity and liabilities | 10/49 | €546,200 | €718,438 | +€172,238 | +31.5% |
| Equity | 10/15 | €219,437 | €263,345 | +€43,908 | +20.0% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €16,901 | €16,901 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,901 | €16,901 | = | 0.0% |
| Legal reserve | 130 | €16,200 | €16,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €701 | €701 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,536 | €84,444 | +€43,908 | +108% |
| Amounts payable | 17/49 | €326,763 | €455,092 | +€128,330 | +39.3% |
| Amounts payable within one year | 42/48 | €326,763 | €455,092 | +€128,330 | +39.3% |
| Trade debts | 44 | €12,288 | €5,836 | -€6,453 | -52.5% |
| Suppliers | 440/4 | €12,288 | €5,836 | -€6,453 | -52.5% |
| Advances received on contracts in progress | 46 | €206,516 | €416,630 | +€210,114 | +102% |
| Taxes, remuneration and social security | 45 | €16,317 | €17,588 | +€1,271 | +7.8% |
| Taxes | 450/3 | €16,317 | €17,588 | +€1,271 | +7.8% |
| Other amounts payable | 47/48 | €91,641 | €15,039 | -€76,602 | -83.6% |
| Gross operating margin | 9900 | €37,796 | €56,295 | +€18,500 | +48.9% |
| Operating profit (loss) | 9901 | €37,796 | €56,295 | +€18,500 | +48.9% |
| Financial charges | 65/66B | €15,157 | €137 | -€15,021 | -99.1% |
| Recurring financial charges | 65 | €15,157 | €137 | -€15,021 | -99.1% |
| Profit (loss) for the period before taxes | 9903 | €22,638 | €56,159 | +€33,520 | +148% |
| Income taxes | 67/77 | €11,387 | €12,251 | +€863 | +7.6% |
| Profit (loss) for the period | 9904 | €11,251 | €43,908 | +€32,657 | +290% |
| Profit (loss) for the period to be appropriated | 9905 | €11,251 | €43,908 | +€32,657 | +290% |
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 15 October 2026 via checked.be.