MAGESCO - BD: 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.
MAGESCO - BD
Largest movements
- Tangible fixed assets -€10,006
down €10,006 (-7.4%), from €135,745 to €125,739
of which Land and buildings: -€10,986
- Receivables within one year +€5,991
up €5,991 (+302.4%), from €1,981 to €7,972
of which Trade receivables: +€5,986
- Cash -€4,990
down €4,990 (-5.7%), from €87,721 to €82,731
mainly Receivables within one year (-€5,991) and Trade debts (-€5,006)
- Trade debts -€5,006
down €5,006 (-52.4%), from €9,556 to €4,550
- Turnover -€11,794
down €11,794 (-13.0%), from €90,869 to €79,075
- Gross operating margin -€7,559
down €7,559 (-26.1%), from €28,961 to €21,402
- Purchases and services -€4,235
down €4,235 (-6.8%), from €61,908 to €57,673
- Depreciation -€3,083
down €3,083 (-21.6%), from €14,245 to €11,162
- Other operating charges -€972
down €972 (-29.1%), from €3,337 to €2,365
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 | €241,265 | €235,043 | -€6,222 | -2.6% |
| Fixed assets | 21/28 | €135,842 | €125,836 | -€10,006 | -7.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €135,745 | €125,739 | -€10,006 | -7.4% |
| Land and buildings | 22 | €135,745 | €124,759 | -€10,986 | -8.1% |
| Plant, machinery and equipment | 23 | - | €979 | +€979 | |
| Financial fixed assets | 28 | €97 | €97 | = | 0.0% |
| Current assets | 29/58 | €105,423 | €109,207 | +€3,784 | +3.6% |
| Amounts receivable within one year | 40/41 | €1,981 | €7,972 | +€5,991 | +302.4% |
| Trade receivables | 40 | €1,784 | €7,770 | +€5,986 | +335.5% |
| Other amounts receivable | 41 | €197 | €202 | +€5 | +2.7% |
| Current investments | 50/53 | €14,032 | €14,411 | +€379 | +2.7% |
| Cash at bank and in hand | 54/58 | €87,721 | €82,731 | -€4,990 | -5.7% |
| Deferred charges and accrued income | 490/1 | €1,689 | €4,093 | +€2,404 | +142.4% |
| Total equity and liabilities | 10/49 | €241,265 | €235,043 | -€6,222 | -2.6% |
| Equity | 10/15 | €229,438 | €230,256 | +€818 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €210,460 | €210,460 | = | 0.0% |
| Tax-exempt reserves | 132 | €456 | €456 | = | 0.0% |
| Distributable reserves | 133 | €210,004 | €210,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | €378 | €1,197 | +€818 | +216.3% |
| Amounts payable | 17/49 | €11,827 | €4,787 | -€7,040 | -59.5% |
| Amounts payable within one year | 42/48 | €11,827 | €4,787 | -€7,040 | -59.5% |
| Trade debts | 44 | €9,556 | €4,550 | -€5,006 | -52.4% |
| Suppliers | 440/4 | €9,556 | €4,550 | -€5,006 | -52.4% |
| Taxes, remuneration and social security | 45 | €2,267 | €236 | -€2,031 | -89.6% |
| Taxes | 450/3 | €2,267 | €236 | -€2,031 | -89.6% |
| Other amounts payable | 47/48 | €4 | - | -€4 | |
| Turnover | 70 | €90,869 | €79,075 | -€11,794 | -13.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €61,908 | €57,673 | -€4,235 | -6.8% |
| Remuneration, social security and pensions | 62 | €3,915 | €4,334 | +€419 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,245 | €11,162 | -€3,083 | -21.6% |
| Other operating charges | 640/8 | €3,337 | €2,365 | -€972 | -29.1% |
| Non-recurring operating charges | 66A | - | €399 | +€399 | |
| Gross operating margin | 9900 | €28,961 | €21,402 | -€7,559 | -26.1% |
| Operating profit (loss) | 9901 | €7,464 | €3,141 | -€4,322 | -57.9% |
| Financial income | 75/76B | €350 | €383 | +€33 | +9.4% |
| Recurring financial income | 75 | €350 | €383 | +€33 | +9.4% |
| Financial charges | 65/66B | €2,068 | €1,470 | -€598 | -28.9% |
| Recurring financial charges | 65 | €2,068 | €1,470 | -€598 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €5,746 | €2,055 | -€3,692 | -64.2% |
| Income taxes | 67/77 | €1,976 | €1,236 | -€740 | -37.4% |
| Profit (loss) for the period | 9904 | €3,770 | €818 | -€2,952 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,770 | €818 | -€2,952 | -78.3% |
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.