Mageska: 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.
Mageska
Largest movements
- Cash +€213,483
up €213,483 (+127.4%), from €167,627 to €381,110
mainly Net result for the year (+€282,391) and Depreciation (+€31,533)
- Tangible fixed assets -€29,226
down €29,226 (-20.4%), from €143,330 to €114,104
of which Furniture and vehicles: -€30,226
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Receivables within one year +€22,198
up €22,198 (+6.3%), from €353,806 to €376,004
of which Other amounts receivable: +€71,203
- Reserves +€282,391
up €282,391 (+124.6%), from €226,620 to €509,011
of which Distributable reserves: +€215,031
- Other debts -€101,791
down €101,791 (-64.8%), from €157,117 to €55,327
- Current portion of long-term debt -€21,423
down €21,423 (-49.6%), from €43,190 to €21,767
- Debts after one year -€20,102
down €20,102 (-19.6%), from €102,798 to €82,696
- Accrued charges and deferred income +€16,000
new in 2025: €16,000
- Gross operating margin +€121,837
up €121,837 (+34.8%), from €349,979 to €471,815
- Financial charges -€61,960
down €61,960 (-55.0%), from €112,708 to €50,748
- Taxes +€49,792
up €49,792 (+91.5%), from €54,443 to €104,235
- Other operating charges -€14,386
down €14,386 (-79.4%), from €18,120 to €3,734
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 | €692,242 | €873,878 | +€181,637 | +26.2% |
| Fixed assets | 21/28 | €143,330 | €114,104 | -€29,226 | -20.4% |
| Tangible fixed assets | 22/27 | €143,330 | €114,104 | -€29,226 | -20.4% |
| Furniture and vehicles | 24 | €127,630 | €97,404 | -€30,226 | -23.7% |
| Other tangible fixed assets | 26 | €15,700 | €16,700 | +€1,000 | +6.4% |
| Current assets | 29/58 | €548,912 | €759,775 | +€210,863 | +38.4% |
| Amounts receivable within one year | 40/41 | €353,806 | €376,004 | +€22,198 | +6.3% |
| Trade receivables | 40 | €58,685 | €9,680 | -€49,005 | -83.5% |
| Other amounts receivable | 41 | €295,121 | €366,324 | +€71,203 | +24.1% |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €167,627 | €381,110 | +€213,483 | +127.4% |
| Deferred charges and accrued income | 490/1 | €2,479 | €2,661 | +€182 | +7.3% |
| Total equity and liabilities | 10/49 | €692,242 | €873,878 | +€181,637 | +26.2% |
| Equity | 10/15 | €245,220 | €527,611 | +€282,391 | +115.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €226,620 | €509,011 | +€282,391 | +124.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €67,360 | +€67,360 | |
| Distributable reserves | 133 | €224,760 | €439,791 | +€215,031 | +95.7% |
| Provisions and deferred taxes | 16 | €104,413 | €105,888 | +€1,475 | +1.4% |
| Provisions for liabilities and charges | 160/5 | €104,413 | €105,888 | +€1,475 | +1.4% |
| Other liabilities and charges | 164/5 | €104,413 | €105,888 | +€1,475 | +1.4% |
| Amounts payable | 17/49 | €342,608 | €240,379 | -€102,229 | -29.8% |
| Amounts payable after more than one year | 17 | €102,798 | €82,696 | -€20,102 | -19.6% |
| Financial debts | 170/4 | €102,798 | €82,696 | -€20,102 | -19.6% |
| Amounts payable within one year | 42/48 | €239,810 | €141,683 | -€98,127 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €43,190 | €21,767 | -€21,423 | -49.6% |
| Trade debts | 44 | €1,182 | €11,932 | +€10,750 | +909.4% |
| Suppliers | 440/4 | €1,182 | €11,932 | +€10,750 | +909.4% |
| Taxes, remuneration and social security | 45 | €38,321 | €52,657 | +€14,337 | +37.4% |
| Taxes | 450/3 | €38,321 | €47,657 | +€9,337 | +24.4% |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €157,117 | €55,327 | -€101,791 | -64.8% |
| Accrued charges and deferred income | 492/3 | - | €16,000 | +€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,146 | €31,533 | +€4,387 | +16.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,389 | €1,475 | -€915 | -38.3% |
| Other operating charges | 640/8 | €18,120 | €3,734 | -€14,386 | -79.4% |
| Gross operating margin | 9900 | €349,979 | €471,815 | +€121,837 | +34.8% |
| Operating profit (loss) | 9901 | €302,323 | €435,073 | +€132,750 | +43.9% |
| Financial income | 75/76B | €3,089 | €2,301 | -€788 | -25.5% |
| Recurring financial income | 75 | €3,089 | €2,301 | -€788 | -25.5% |
| Financial charges | 65/66B | €112,708 | €50,748 | -€61,960 | -55.0% |
| Recurring financial charges | 65 | €112,708 | €50,748 | -€61,960 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €192,704 | €386,626 | +€193,922 | +100.6% |
| Income taxes | 67/77 | €54,443 | €104,235 | +€49,792 | +91.5% |
| Profit (loss) for the period | 9904 | €138,261 | €282,391 | +€144,130 | +104.2% |
| Transfer to tax-exempt reserves | 689 | - | €67,360 | +€67,360 | |
| Profit (loss) for the period to be appropriated | 9905 | €138,261 | €215,031 | +€76,770 | +55.5% |
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 7 October 2026 via checked.be.