MAGEMAU: 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.
MAGEMAU
Largest movements
- Current investments +€914,077
new in 2025: €914,077
- Cash -€907,973
down €907,973 (-65.3%), from €1.4m to €483,287
mainly Current investments (-€914,077) and Contributions, distributions and other (-€275,859)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€48,084
up €48,084 (+14810.5%), from €325 to €48,409
- Financial income +€34,353
up €34,353 (+9.1%), from €378,242 to €412,594
- Gross operating margin +€2,397
up €2,397 (+45.4%), from -€5,277 to -€2,880
- Taxes -€1,033
down €1,033 (-3.1%), from €33,788 to €32,755
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 | €10,012,136 | €10,018,240 | +€6,104 | +0.1% |
| Fixed assets | 21/28 | €8,620,876 | €8,620,876 | = | 0.0% |
| Financial fixed assets | 28 | €8,620,876 | €8,620,876 | = | 0.0% |
| Current assets | 29/58 | €1,391,260 | €1,397,364 | +€6,104 | +0.4% |
| Current investments | 50/53 | - | €914,077 | +€914,077 | |
| Cash at bank and in hand | 54/58 | €1,391,260 | €483,287 | -€907,973 | -65.3% |
| Total equity and liabilities | 10/49 | €10,012,136 | €10,018,240 | +€6,104 | +0.1% |
| Equity | 10/15 | €9,654,681 | €9,706,374 | +€51,693 | +0.5% |
| Contributions | 10/11 | €7,120,880 | €7,120,880 | = | 0.0% |
| Reserves | 13 | €2,533,801 | €2,585,494 | +€51,693 | +2.0% |
| Distributable reserves | 133 | €2,533,801 | €2,585,494 | +€51,693 | +2.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €357,456 | €311,867 | -€45,589 | -12.8% |
| Amounts payable within one year | 42/48 | €357,456 | €311,867 | -€45,589 | -12.8% |
| Trade debts | 44 | €1,898 | €2,420 | +€522 | +27.5% |
| Suppliers | 440/4 | €1,898 | €2,420 | +€522 | +27.5% |
| Taxes, remuneration and social security | 45 | €27,234 | €21,421 | -€5,814 | -21.3% |
| Taxes | 450/3 | €27,234 | €21,421 | -€5,814 | -21.3% |
| Other amounts payable | 47/48 | €328,323 | €288,026 | -€40,297 | -12.3% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€5,277 | -€2,880 | +€2,397 | +45.4% |
| Operating profit (loss) | 9901 | -€6,245 | -€3,878 | +€2,367 | +37.9% |
| Financial income | 75/76B | €378,242 | €412,594 | +€34,353 | +9.1% |
| Recurring financial income | 75 | €378,242 | €412,594 | +€34,353 | +9.1% |
| Financial charges | 65/66B | €325 | €48,409 | +€48,084 | +14810.5% |
| Recurring financial charges | 65 | €325 | €48,409 | +€48,084 | +14810.5% |
| Profit (loss) for the period before taxes | 9903 | €371,672 | €360,308 | -€11,364 | -3.1% |
| Income taxes | 67/77 | €33,788 | €32,755 | -€1,033 | -3.1% |
| Profit (loss) for the period | 9904 | €337,884 | €327,552 | -€10,331 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €337,884 | €327,552 | -€10,331 | -3.1% |
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 11 October 2026 via checked.be.