MAGENTA TREE: 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.
MAGENTA TREE
Largest movements
- Current investments +€267,293
up €267,293 (+39.8%), from €671,815 to €939,108
- Cash -€139,729
down €139,729 (-45.5%), from €306,801 to €167,072
mainly Current investments (-€267,293) and Contributions, distributions and other (-€80,000)
- Deferred charges and accrued income -€65,373
down €65,373 (-92.3%), from €70,806 to €5,433
- Reserves +€91,400
up €91,400 (+7.5%), from €1.2m to €1.3m
- Tax, wage and social debts -€23,906
down €23,906 (-52.6%), from €45,483 to €21,578
- Financial income -€230,208
down €230,208 (-89.6%), from €256,941 to €26,733
- Taxes -€26,478
down €26,478 (-27.5%), from €96,314 to €69,836
- Gross operating margin -€15,760
down €15,760 (-6.4%), from €247,195 to €231,435
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 | €1,285,808 | €1,349,485 | +€63,677 | +5.0% |
| Fixed assets | 21/28 | €233,128 | €221,654 | -€11,473 | -4.9% |
| Tangible fixed assets | 22/27 | €40,029 | €28,555 | -€11,473 | -28.7% |
| Plant, machinery and equipment | 23 | €880 | €677 | -€203 | -23.1% |
| Furniture and vehicles | 24 | €35,890 | €25,030 | -€10,860 | -30.3% |
| Other tangible fixed assets | 26 | €3,258 | €2,849 | -€410 | -12.6% |
| Financial fixed assets | 28 | €193,099 | €193,099 | = | 0.0% |
| Current assets | 29/58 | €1,052,680 | €1,127,831 | +€75,151 | +7.1% |
| Amounts receivable within one year | 40/41 | €3,259 | €16,218 | +€12,960 | +397.7% |
| Trade receivables | 40 | €759 | €6,818 | +€6,060 | +798.7% |
| Other amounts receivable | 41 | €2,500 | €9,400 | +€6,900 | +276.0% |
| Current investments | 50/53 | €671,815 | €939,108 | +€267,293 | +39.8% |
| Cash at bank and in hand | 54/58 | €306,801 | €167,072 | -€139,729 | -45.5% |
| Deferred charges and accrued income | 490/1 | €70,806 | €5,433 | -€65,373 | -92.3% |
| Total equity and liabilities | 10/49 | €1,285,808 | €1,349,485 | +€63,677 | +5.0% |
| Equity | 10/15 | €1,233,818 | €1,325,274 | +€91,456 | +7.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,214,655 | €1,306,055 | +€91,400 | +7.5% |
| Distributable reserves | 133 | €1,214,655 | €1,306,055 | +€91,400 | +7.5% |
| Profit (loss) carried forward | 14 | €613 | €669 | +€56 | +9.1% |
| Amounts payable | 17/49 | €51,990 | €24,211 | -€27,778 | -53.4% |
| Amounts payable within one year | 42/48 | €50,060 | €23,298 | -€26,762 | -53.5% |
| Trade debts | 44 | €3,481 | €1,620 | -€1,861 | -53.5% |
| Suppliers | 440/4 | €3,481 | €1,620 | -€1,861 | -53.5% |
| Taxes, remuneration and social security | 45 | €45,483 | €21,578 | -€23,906 | -52.6% |
| Taxes | 450/3 | €45,483 | €21,578 | -€23,906 | -52.6% |
| Other amounts payable | 47/48 | €1,095 | €100 | -€995 | -90.9% |
| Accrued charges and deferred income | 492/3 | €1,930 | €913 | -€1,017 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,940 | €11,473 | -€1,467 | -11.3% |
| Other operating charges | 640/8 | €2,247 | €2,505 | +€258 | +11.5% |
| Non-recurring operating charges | 66A | €548 | €0 | -€548 | -100.0% |
| Gross operating margin | 9900 | €247,195 | €231,435 | -€15,760 | -6.4% |
| Operating profit (loss) | 9901 | €231,460 | €217,456 | -€14,004 | -6.1% |
| Financial income | 75/76B | €256,941 | €26,733 | -€230,208 | -89.6% |
| Recurring financial income | 75 | €256,941 | €26,733 | -€230,208 | -89.6% |
| Financial charges | 65/66B | €1,185 | €2,897 | +€1,712 | +144.5% |
| Recurring financial charges | 65 | €1,185 | €2,897 | +€1,712 | +144.5% |
| Profit (loss) for the period before taxes | 9903 | €487,216 | €241,292 | -€245,924 | -50.5% |
| Income taxes | 67/77 | €96,314 | €69,836 | -€26,478 | -27.5% |
| Profit (loss) for the period | 9904 | €390,902 | €171,456 | -€219,447 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €390,902 | €171,456 | -€219,447 | -56.1% |
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 8 October 2026 via checked.be.