MAGELTA: 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.
MAGELTA
Largest movements
- Cash +€12,110
up €12,110 (+8.9%), from €136,199 to €148,309
mainly Net result for the year (+€40,943) and Receivables after one year (+€11,249)
- Receivables after one year -€11,249
down €11,249 (-25.7%), from €43,741 to €32,492
- Tangible fixed assets -€10,559
down €10,559 (-36.8%), from €28,663 to €18,104
of which Furniture and vehicles: -€9,421
- Receivables within one year -€5,953
down €5,953 (-42.8%), from €13,903 to €7,950
of which Other amounts receivable: -€11,500
- Debts after one year -€52,725
down €52,725 (-99.9%), from €52,760 to €35
of which Other amounts payable: -€50,282
- Reserves +€40,000
up €40,000 (+30.3%), from €131,899 to €171,899
- Trade debts +€6,958
up €6,958 (+100.8%), from €6,900 to €13,858
- Current portion of long-term debt -€5,828
down €5,828 (-60.2%), from €9,681 to €3,853
- Short-term financial debts -€3,063
no longer reported in 2025 (was €3,063)
- Other operating charges +€11,413
up €11,413 (+813.0%), from €1,404 to €12,816
- Gross operating margin +€8,128
up €8,128 (+10.7%), from €76,014 to €84,142
- Financial charges -€5,756
down €5,756 (-94.5%), from €6,090 to €334
- Depreciation +€934
up €934 (+9.7%), from €9,626 to €10,559
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 | €223,988 | €208,550 | -€15,438 | -6.9% |
| Fixed assets | 21/28 | €28,663 | €18,104 | -€10,559 | -36.8% |
| Tangible fixed assets | 22/27 | €28,663 | €18,104 | -€10,559 | -36.8% |
| Plant, machinery and equipment | 23 | €4,686 | €3,549 | -€1,138 | -24.3% |
| Furniture and vehicles | 24 | €23,977 | €14,555 | -€9,421 | -39.3% |
| Current assets | 29/58 | €195,325 | €190,446 | -€4,879 | -2.5% |
| Amounts receivable after more than one year | 29 | €43,741 | €32,492 | -€11,249 | -25.7% |
| Other amounts receivable | 291 | €43,741 | €32,492 | -€11,249 | -25.7% |
| Amounts receivable within one year | 40/41 | €13,903 | €7,950 | -€5,953 | -42.8% |
| Trade receivables | 40 | €2,403 | €7,950 | +€5,547 | +230.8% |
| Other amounts receivable | 41 | €11,500 | - | -€11,500 | |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €136,199 | €148,309 | +€12,110 | +8.9% |
| Deferred charges and accrued income | 490/1 | €1,382 | €1,595 | +€213 | +15.4% |
| Total equity and liabilities | 10/49 | €223,988 | €208,550 | -€15,438 | -6.9% |
| Equity | 10/15 | €146,045 | €185,322 | +€39,277 | +26.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,899 | €171,899 | +€40,000 | +30.3% |
| Distributable reserves | 133 | €131,899 | €171,899 | +€40,000 | +30.3% |
| Profit (loss) carried forward | 14 | €7,946 | €7,223 | -€723 | -9.1% |
| Amounts payable | 17/49 | €77,943 | €23,228 | -€54,715 | -70.2% |
| Amounts payable after more than one year | 17 | €52,760 | €35 | -€52,725 | -99.9% |
| Financial debts | 170/4 | €2,443 | - | -€2,443 | |
| Other amounts payable | 178/9 | €50,317 | €35 | -€50,282 | -99.9% |
| Amounts payable within one year | 42/48 | €25,183 | €23,193 | -€1,990 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €9,681 | €3,853 | -€5,828 | -60.2% |
| Financial debts | 43 | €3,063 | - | -€3,063 | |
| Credit institutions | 430/8 | €3,063 | - | -€3,063 | |
| Trade debts | 44 | €6,900 | €13,858 | +€6,958 | +100.8% |
| Suppliers | 440/4 | €6,900 | €13,858 | +€6,958 | +100.8% |
| Taxes, remuneration and social security | 45 | €4,373 | €4,315 | -€57 | -1.3% |
| Taxes | 450/3 | €4,373 | €4,315 | -€57 | -1.3% |
| Other amounts payable | 47/48 | €1,166 | €1,166 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,626 | €10,559 | +€934 | +9.7% |
| Other operating charges | 640/8 | €1,404 | €12,816 | +€11,413 | +813.0% |
| Gross operating margin | 9900 | €76,014 | €84,142 | +€8,128 | +10.7% |
| Operating profit (loss) | 9901 | €64,984 | €60,766 | -€4,218 | -6.5% |
| Financial income | 75/76B | €2,576 | €2,021 | -€555 | -21.5% |
| Recurring financial income | 75 | €2,576 | €2,021 | -€555 | -21.5% |
| Financial charges | 65/66B | €6,090 | €334 | -€5,756 | -94.5% |
| Recurring financial charges | 65 | €6,090 | €334 | -€5,756 | -94.5% |
| Profit (loss) for the period before taxes | 9903 | €61,470 | €62,453 | +€984 | +1.6% |
| Income taxes | 67/77 | €22,305 | €21,511 | -€794 | -3.6% |
| Profit (loss) for the period | 9904 | €39,165 | €40,943 | +€1,778 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,165 | €40,943 | +€1,778 | +4.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.