Magemar: 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.
Magemar
Largest movements
- Receivables within one year -€505,859
down €505,859 (-36.6%), from €1.4m to €877,514
of which Other amounts receivable: -€313,654
- Cash +€53,385
up €53,385 (+25.5%), from €209,641 to €263,027
mainly Receivables within one year (+€505,859) and Depreciation (+€38,075)
- Intangible fixed assets +€52,713
new in 2025: €52,713
- Profit (loss) carried forward -€436,718
down €436,718 (-138.9%), from -€314,324 to -€751,043
- Trade debts +€37,449
up €37,449 (+7.0%), from €532,486 to €569,935
- Gross operating margin -€147,381
down €147,381 (-35.4%), from €415,870 to €268,490
- Staff costs +€109,190
up €109,190 (+19.9%), from €548,335 to €657,525
- Purchases and services +€91,600
up €91,600 (+1.8%), from €5.2m to €5.3m
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 | €1,641,898 | €1,236,534 | -€405,364 | -24.7% |
| Fixed assets | 21/28 | €40,512 | €89,302 | +€48,791 | +120.4% |
| Intangible fixed assets | 21 | - | €52,713 | +€52,713 | |
| Tangible fixed assets | 22/27 | €40,512 | €36,590 | -€3,922 | -9.7% |
| Furniture and vehicles | 24 | €39,150 | €36,590 | -€2,560 | -6.5% |
| Other tangible fixed assets | 26 | €1,362 | - | -€1,362 | |
| Current assets | 29/58 | €1,601,387 | €1,147,232 | -€454,155 | -28.4% |
| Amounts receivable within one year | 40/41 | €1,383,373 | €877,514 | -€505,859 | -36.6% |
| Trade receivables | 40 | €714,503 | €522,299 | -€192,205 | -26.9% |
| Other amounts receivable | 41 | €668,869 | €355,215 | -€313,654 | -46.9% |
| Cash at bank and in hand | 54/58 | €209,641 | €263,027 | +€53,385 | +25.5% |
| Deferred charges and accrued income | 490/1 | €8,372 | €6,691 | -€1,681 | -20.1% |
| Total equity and liabilities | 10/49 | €1,641,898 | €1,236,534 | -€405,364 | -24.7% |
| Equity | 10/15 | €987,676 | €550,957 | -€436,718 | -44.2% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €52,000 | €52,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €52,000 | €52,000 | = | 0.0% |
| Legal reserve | 130 | €52,000 | €52,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€314,324 | -€751,043 | -€436,718 | -138.9% |
| Amounts payable | 17/49 | €654,223 | €685,577 | +€31,354 | +4.8% |
| Amounts payable after more than one year | 17 | €16,549 | €7,960 | -€8,590 | -51.9% |
| Financial debts | 170/4 | €16,549 | €7,960 | -€8,590 | -51.9% |
| Amounts payable within one year | 42/48 | €637,673 | €677,617 | +€39,944 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €19,228 | €23,675 | +€4,448 | +23.1% |
| Trade debts | 44 | €532,486 | €569,935 | +€37,449 | +7.0% |
| Suppliers | 440/4 | €532,486 | €569,935 | +€37,449 | +7.0% |
| Taxes, remuneration and social security | 45 | €84,194 | €84,007 | -€187 | -0.2% |
| Taxes | 450/3 | - | €2,007 | +€2,007 | |
| Remuneration and social security | 454/9 | €84,194 | €82,000 | -€2,194 | -2.6% |
| Other amounts payable | 47/48 | €1,766 | - | -€1,766 | |
| Turnover | 70 | €5,593,532 | €5,544,445 | -€49,087 | -0.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,220,657 | €5,312,257 | +€91,600 | +1.8% |
| Remuneration, social security and pensions | 62 | €548,335 | €657,525 | +€109,190 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,152 | €38,075 | +€11,922 | +45.6% |
| Other operating charges | 640/8 | €3,744 | €12,758 | +€9,014 | +240.8% |
| Gross operating margin | 9900 | €415,870 | €268,490 | -€147,381 | -35.4% |
| Operating profit (loss) | 9901 | -€162,361 | -€439,868 | -€277,507 | -170.9% |
| Financial income | 75/76B | €24,321 | €27,789 | +€3,468 | +14.3% |
| Recurring financial income | 75 | €24,321 | €27,789 | +€3,468 | +14.3% |
| Financial charges | 65/66B | €14,849 | €22,632 | +€7,783 | +52.4% |
| Recurring financial charges | 65 | €14,849 | €22,632 | +€7,783 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | -€152,890 | -€434,712 | -€281,822 | -184.3% |
| Income taxes | 67/77 | €265 | €2,007 | +€1,742 | +656.9% |
| Profit (loss) for the period | 9904 | -€153,155 | -€436,718 | -€283,563 | -185.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€153,155 | -€436,718 | -€283,563 | -185.1% |
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 9 October 2026 via checked.be.