MAGETEC: 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.
MAGETEC
Largest movements
- Stocks and contracts +€23,080
up €23,080 (+32.7%), from €70,671 to €93,751
- Cash -€8,667
down €8,667 (-56.3%), from €15,392 to €6,725
- Receivables within one year +€1,530
up €1,530 (+29.9%), from €5,114 to €6,644
of which Other amounts receivable: +€1,001
- Trade debts +€20,280
new in 2024: €20,280
- Tax, wage and social debts -€8,721
down €8,721 (-16.0%), from €54,454 to €45,733
of which Remuneration and social security: -€6,997
- Profit (loss) carried forward +€3,818
up €3,818 (+22.3%), from -€17,111 to -€13,293
- Other debts +€1,565
up €1,565 (+4.4%), from €35,259 to €36,824
- Turnover +€213,184
new in 2024: €213,184
- Purchases and services +€136,676
new in 2024: €136,676
- Depreciation -€3,043
no longer reported in 2024 (was €3,043)
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,202 | €108,144 | +€16,942 | +18.6% |
| Fixed assets | 21/28 | €25 | €1,025 | +€1,000 | +4,000% |
| Financial fixed assets | 28 | €25 | €1,025 | +€1,000 | +4,000% |
| Current assets | 29/58 | €91,177 | €107,119 | +€15,942 | +17.5% |
| Stocks and contracts in progress | 3 | €70,671 | €93,751 | +€23,080 | +32.7% |
| Stocks | 30/36 | €70,671 | €93,751 | +€23,080 | +32.7% |
| Amounts receivable within one year | 40/41 | €5,114 | €6,644 | +€1,530 | +29.9% |
| Trade receivables | 40 | - | €529 | +€529 | |
| Other amounts receivable | 41 | €5,114 | €6,115 | +€1,001 | +19.6% |
| Cash at bank and in hand | 54/58 | €15,392 | €6,725 | -€8,667 | -56.3% |
| Total equity and liabilities | 10/49 | €91,202 | €108,144 | +€16,942 | +18.6% |
| Equity | 10/15 | €1,489 | €5,307 | +€3,818 | +256% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,111 | -€13,293 | +€3,818 | +22.3% |
| Amounts payable | 17/49 | €89,713 | €102,837 | +€13,124 | +14.6% |
| Amounts payable within one year | 42/48 | €89,713 | €102,837 | +€13,124 | +14.6% |
| Trade debts | 44 | - | €20,280 | +€20,280 | |
| Suppliers | 440/4 | - | €20,280 | +€20,280 | |
| Taxes, remuneration and social security | 45 | €54,454 | €45,733 | -€8,721 | -16.0% |
| Taxes | 450/3 | €1,725 | - | -€1,725 | |
| Remuneration and social security | 454/9 | €52,730 | €45,733 | -€6,997 | -13.3% |
| Other amounts payable | 47/48 | €35,259 | €36,824 | +€1,565 | +4.4% |
| Turnover | 70 | - | €213,184 | +€213,184 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €136,676 | +€136,676 | |
| Remuneration, social security and pensions | 62 | €73,184 | €71,090 | -€2,094 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,043 | - | -€3,043 | |
| Other operating charges | 640/8 | €1,751 | €1,784 | +€33 | +1.9% |
| Gross operating margin | 9900 | €78,510 | €76,508 | -€2,002 | -2.5% |
| Operating profit (loss) | 9901 | €532 | €3,634 | +€3,102 | +583% |
| Financial income | 75/76B | €60 | - | -€60 | |
| Recurring financial income | 75 | €60 | - | -€60 | |
| Financial charges | 65/66B | €90 | €323 | +€233 | +258% |
| Recurring financial charges | 65 | €90 | €323 | +€233 | +258% |
| Profit (loss) for the period before taxes | 9903 | €502 | €3,311 | +€2,809 | +559% |
| Profit (loss) for the period | 9904 | €502 | €3,311 | +€2,809 | +559% |
| Profit (loss) for the period to be appropriated | 9905 | €502 | €3,311 | +€2,809 | +559% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.