MAGETRA INTERMODAL: 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.
MAGETRA INTERMODAL
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+939%), from €171,683 to €1.8m
of which Trade receivables: +€1.6m
- Tangible fixed assets +€644,697
up €644,697 (+44.0%), from €1.5m to €2.1m
of which Furniture and vehicles: +€663,991
- Receivables after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
- Stocks and contracts +€44,267
new in 2025: €44,267
- Trade debts +€1.3m
up €1.3m (+3,165%), from €40,176 to €1.3m
- Other debts +€701,621
new in 2025: €701,621
- Current portion of long-term debt +€83,800
up €83,800 (+42.3%), from €198,126 to €281,926
- Debts after one year +€59,681
up €59,681 (+8.2%), from €727,881 to €787,562
- Tax, wage and social debts +€58,344
up €58,344 (+143%), from €40,867 to €99,211
of which Remuneration and social security: +€44,759
- Turnover +€14.0m
up €14.0m (+3,043%), from €459,180 to €14.4m
- Purchases and services +€13.3m
up €13.3m (+7,584%), from €175,976 to €13.5m
- Gross operating margin +€855,583
up €855,583 (+171%), from €501,753 to €1.4m
- Depreciation +€478,737
up €478,737 (+300%), from €159,786 to €638,523
- Staff costs +€273,315
up €273,315 (+114%), from €239,464 to €512,778
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.
Derived cash bridge
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 | €1,880,034 | €4,062,301 | +€2.2m | +116% |
| Fixed assets | 21/28 | €1,464,137 | €2,108,834 | +€644,697 | +44.0% |
| Tangible fixed assets | 22/27 | €1,464,137 | €2,108,834 | +€644,697 | +44.0% |
| Land and buildings | 22 | €551,701 | €533,202 | -€18,499 | -3.4% |
| Plant, machinery and equipment | 23 | €6,728 | €5,932 | -€796 | -11.8% |
| Furniture and vehicles | 24 | €905,708 | €1,569,700 | +€663,991 | +73.3% |
| Current assets | 29/58 | €415,897 | €1,953,467 | +€1.5m | +370% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100% |
| Stocks and contracts in progress | 3 | - | €44,267 | +€44,267 | |
| Stocks | 30/36 | - | €44,267 | +€44,267 | |
| Amounts receivable within one year | 40/41 | €171,683 | €1,783,607 | +€1.6m | +939% |
| Trade receivables | 40 | €139,686 | €1,714,206 | +€1.6m | +1,127% |
| Other amounts receivable | 41 | €31,997 | €69,402 | +€37,404 | +117% |
| Cash at bank and in hand | 54/58 | €137,166 | €121,768 | -€15,399 | -11.2% |
| Deferred charges and accrued income | 490/1 | €7,048 | €3,824 | -€3,224 | -45.7% |
| Total equity and liabilities | 10/49 | €1,880,034 | €4,062,301 | +€2.2m | +116% |
| Equity | 10/15 | €872,985 | €880,218 | +€7,233 | +0.8% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €16,000 | €16,500 | +€500 | +3.1% |
| Non-distributable reserves | 130/1 | €16,000 | €16,500 | +€500 | +3.1% |
| Legal reserve | 130 | €16,000 | €16,500 | +€500 | +3.1% |
| Profit (loss) carried forward | 14 | €106,985 | €113,718 | +€6,733 | +6.3% |
| Amounts payable | 17/49 | €1,007,049 | €3,182,083 | +€2.2m | +216% |
| Amounts payable after more than one year | 17 | €727,881 | €787,562 | +€59,681 | +8.2% |
| Financial debts | 170/4 | €727,881 | €787,562 | +€59,681 | +8.2% |
| Amounts payable within one year | 42/48 | €279,168 | €2,394,521 | +€2.1m | +758% |
| Current portion of amounts payable after more than one year | 42 | €198,126 | €281,926 | +€83,800 | +42.3% |
| Trade debts | 44 | €40,176 | €1,311,763 | +€1.3m | +3,165% |
| Suppliers | 440/4 | €40,176 | €1,311,763 | +€1.3m | +3,165% |
| Taxes, remuneration and social security | 45 | €40,867 | €99,211 | +€58,344 | +143% |
| Taxes | 450/3 | €7,832 | €21,417 | +€13,585 | +173% |
| Remuneration and social security | 454/9 | €33,035 | €77,795 | +€44,759 | +135% |
| Other amounts payable | 47/48 | - | €701,621 | +€701,621 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €459,180 | €14,433,618 | +€14.0m | +3,043% |
| Goods, raw materials, services and sundry goods | 60/61 | €175,976 | €13,521,227 | +€13.3m | +7,584% |
| Remuneration, social security and pensions | 62 | €239,464 | €512,778 | +€273,315 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,786 | €638,523 | +€478,737 | +300% |
| Other operating charges | 640/8 | €42,908 | €126,132 | +€83,225 | +194% |
| Gross operating margin | 9900 | €501,753 | €1,357,336 | +€855,583 | +171% |
| Operating profit (loss) | 9901 | €59,596 | €79,902 | +€20,306 | +34.1% |
| Financial income | 75/76B | €3,870 | €2,882 | -€988 | -25.5% |
| Recurring financial income | 75 | €3,870 | €2,882 | -€988 | -25.5% |
| Financial charges | 65/66B | €32,439 | €64,180 | +€31,741 | +97.8% |
| Recurring financial charges | 65 | €32,439 | €64,180 | +€31,741 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | €31,028 | €18,605 | -€12,423 | -40.0% |
| Income taxes | 67/77 | €11,108 | €11,372 | +€263 | +2.4% |
| Profit (loss) for the period | 9904 | €19,919 | €7,233 | -€12,686 | -63.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,919 | €7,233 | -€12,686 | -63.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.