MAGEST: 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.
MAGEST
Largest movements
- Tangible fixed assets -€21,125
down €21,125 (-9.5%), from €221,733 to €200,608
of which Land and buildings: -€18,781
- Receivables within one year -€10,320
down €10,320 (-6.0%), from €171,008 to €160,688
of which Trade receivables: -€10,320
- Profit (loss) carried forward -€27,405
down €27,405 (-5.5%), from -€499,661 to -€527,066
- Debts after one year -€21,139
down €21,139 (-54.1%), from €39,074 to €17,935
- Other debts +€20,000
up €20,000 (+7.0%), from €286,064 to €306,064
- Gross operating margin -€5,808
down €5,808 (-32.8%), from €17,693 to €11,885
- Depreciation +€2,075
up €2,075 (+10.9%), from €19,050 to €21,125
- Financial charges +€1,145
up €1,145 (+55.0%), from €2,083 to €3,228
- Other operating charges -€609
down €609 (-11.6%), from €5,226 to €4,617
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 | €393,907 | €363,917 | -€29,990 | -7.6% |
| Fixed assets | 21/28 | €221,733 | €200,608 | -€21,125 | -9.5% |
| Tangible fixed assets | 22/27 | €221,733 | €200,608 | -€21,125 | -9.5% |
| Land and buildings | 22 | €199,405 | €180,624 | -€18,781 | -9.4% |
| Plant, machinery and equipment | 23 | €22,328 | €19,984 | -€2,344 | -10.5% |
| Current assets | 29/58 | €172,174 | €163,309 | -€8,865 | -5.1% |
| Amounts receivable within one year | 40/41 | €171,008 | €160,688 | -€10,320 | -6.0% |
| Trade receivables | 40 | €41,700 | €31,380 | -€10,320 | -24.7% |
| Other amounts receivable | 41 | €129,308 | €129,308 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €705 | €2,047 | +€1,342 | +190.3% |
| Deferred charges and accrued income | 490/1 | €461 | €574 | +€113 | +24.6% |
| Total equity and liabilities | 10/49 | €393,907 | €363,917 | -€29,990 | -7.6% |
| Equity | 10/15 | €45,499 | €18,094 | -€27,405 | -60.2% |
| Contributions | 10/11 | €495,600 | €495,600 | = | 0.0% |
| Capital | 10 | €495,600 | €495,600 | = | 0.0% |
| Issued capital | 100 | €495,600 | €495,600 | = | 0.0% |
| Reserves | 13 | €49,560 | €49,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,560 | €49,560 | = | 0.0% |
| Legal reserve | 130 | €49,560 | €49,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€499,661 | -€527,066 | -€27,405 | -5.5% |
| Amounts payable | 17/49 | €348,408 | €345,823 | -€2,585 | -0.7% |
| Amounts payable after more than one year | 17 | €39,074 | €17,935 | -€21,139 | -54.1% |
| Financial debts | 170/4 | €39,074 | €17,935 | -€21,139 | -54.1% |
| Amounts payable within one year | 42/48 | €309,335 | €327,888 | +€18,554 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €20,727 | €21,138 | +€411 | +2.0% |
| Trade debts | 44 | €2,544 | €686 | -€1,858 | -73.0% |
| Suppliers | 440/4 | €2,544 | €686 | -€1,858 | -73.0% |
| Other amounts payable | 47/48 | €286,064 | €306,064 | +€20,000 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,050 | €21,125 | +€2,075 | +10.9% |
| Other operating charges | 640/8 | €5,226 | €4,617 | -€609 | -11.6% |
| Non-recurring operating charges | 66A | - | €10,320 | +€10,320 | |
| Gross operating margin | 9900 | €17,693 | €11,885 | -€5,808 | -32.8% |
| Operating profit (loss) | 9901 | -€6,582 | -€24,177 | -€17,595 | -267.3% |
| Financial charges | 65/66B | €2,083 | €3,228 | +€1,145 | +55.0% |
| Recurring financial charges | 65 | €2,083 | €3,228 | +€1,145 | +55.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,665 | -€27,405 | -€18,740 | -216.3% |
| Profit (loss) for the period | 9904 | -€8,665 | -€27,405 | -€18,740 | -216.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,665 | -€27,405 | -€18,740 | -216.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.