MAGEMO: 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.
MAGEMO
Largest movements
- Receivables within one year +€37,913
up €37,913 (+22.2%), from €170,915 to €208,828
- Tangible fixed assets -€26,596
down €26,596 (-30.7%), from €86,696 to €60,100
of which Furniture and vehicles: -€23,326
- Other debts +€218,334
up €218,334 (+238%), from €91,576 to €309,910
- Reserves -€176,603
down €176,603 (-31.1%), from €568,360 to €391,757
- Debts after one year -€12,729
down €12,729 (-70.1%), from €18,159 to €5,430
- Financial charges +€17,527
up €17,527 (+102%), from €17,223 to €34,750
- Financial income -€9,830
down €9,830 (-8.1%), from €121,026 to €111,196
- Taxes -€6,086
down €6,086 (-19.8%), from €30,738 to €24,652
- Depreciation +€2,558
up €2,558 (+10.0%), from €25,638 to €28,196
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 | €1,149,363 | €1,166,584 | +€17,221 | +1.5% |
| Fixed assets | 21/28 | €966,797 | €940,201 | -€26,596 | -2.8% |
| Tangible fixed assets | 22/27 | €86,696 | €60,100 | -€26,596 | -30.7% |
| Land and buildings | 22 | €44,262 | €42,585 | -€1,677 | -3.8% |
| Furniture and vehicles | 24 | €39,553 | €16,227 | -€23,326 | -59.0% |
| Other tangible fixed assets | 26 | €2,881 | €1,288 | -€1,593 | -55.3% |
| Financial fixed assets | 28 | €880,101 | €880,101 | = | 0.0% |
| Current assets | 29/58 | €182,566 | €226,383 | +€43,817 | +24.0% |
| Amounts receivable within one year | 40/41 | €170,915 | €208,828 | +€37,913 | +22.2% |
| Other amounts receivable | 41 | €170,915 | €208,828 | +€37,913 | +22.2% |
| Cash at bank and in hand | 54/58 | €3,022 | €12,331 | +€9,309 | +308% |
| Deferred charges and accrued income | 490/1 | €8,629 | €5,224 | -€3,405 | -39.5% |
| Total equity and liabilities | 10/49 | €1,149,363 | €1,166,584 | +€17,221 | +1.5% |
| Equity | 10/15 | €985,119 | €808,516 | -€176,603 | -17.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €568,360 | €391,757 | -€176,603 | -31.1% |
| Distributable reserves | 133 | €568,360 | €391,757 | -€176,603 | -31.1% |
| Profit (loss) carried forward | 14 | €404,359 | €404,359 | = | 0.0% |
| Amounts payable | 17/49 | €164,244 | €358,068 | +€193,824 | +118% |
| Amounts payable after more than one year | 17 | €18,159 | €5,430 | -€12,729 | -70.1% |
| Financial debts | 170/4 | €18,159 | €5,430 | -€12,729 | -70.1% |
| Amounts payable within one year | 42/48 | €146,085 | €352,363 | +€206,278 | +141% |
| Current portion of amounts payable after more than one year | 42 | €40,102 | €32,139 | -€7,963 | -19.9% |
| Trade debts | 44 | €4,560 | €7,677 | +€3,117 | +68.4% |
| Suppliers | 440/4 | €4,560 | €7,677 | +€3,117 | +68.4% |
| Taxes, remuneration and social security | 45 | €9,847 | €2,637 | -€7,210 | -73.2% |
| Taxes | 450/3 | €9,847 | €2,637 | -€7,210 | -73.2% |
| Other amounts payable | 47/48 | €91,576 | €309,910 | +€218,334 | +238% |
| Accrued charges and deferred income | 492/3 | - | €275 | +€275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,638 | €28,196 | +€2,558 | +10.0% |
| Other operating charges | 640/8 | €2,541 | €2,310 | -€231 | -9.1% |
| Gross operating margin | 9900 | €111,492 | €111,919 | +€427 | +0.4% |
| Operating profit (loss) | 9901 | €83,313 | €81,413 | -€1,900 | -2.3% |
| Financial income | 75/76B | €121,026 | €111,196 | -€9,830 | -8.1% |
| Recurring financial income | 75 | €121,026 | €111,196 | -€9,830 | -8.1% |
| Financial charges | 65/66B | €17,223 | €34,750 | +€17,527 | +102% |
| Recurring financial charges | 65 | €17,223 | €34,750 | +€17,527 | +102% |
| Profit (loss) for the period before taxes | 9903 | €187,116 | €157,859 | -€29,257 | -15.6% |
| Income taxes | 67/77 | €30,738 | €24,652 | -€6,086 | -19.8% |
| Profit (loss) for the period | 9904 | €156,378 | €133,207 | -€23,171 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €156,378 | €133,207 | -€23,171 | -14.8% |
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 24 October 2026 via checked.be.