MAGFIN: 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.
MAGFIN
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€21,928
down €21,928 (-25.9%), from €84,774 to €62,846
mainly Current investments (-€100,000) and Debts after one year (-€8,946)
- Tangible fixed assets -€9,652
down €9,652 (-25.7%), from €37,511 to €27,860
of which Furniture and vehicles: -€9,293
- Receivables within one year -€2,994
down €2,994 (-53.4%), from €5,608 to €2,614
of which Other amounts receivable: -€1,748
- Deferred charges and accrued income +€2,595
up €2,595 (+66.5%), from €3,904 to €6,499
- Profit (loss) carried forward +€76,397
up €76,397 (+85.8%), from €89,063 to €165,461
- Debts after one year -€8,946
down €8,946 (-51.1%), from €17,497 to €8,550
- Gross operating margin +€11,466
up €11,466 (+11.8%), from €96,853 to €108,319
- Taxes +€3,473
up €3,473 (+19.1%), from €18,213 to €21,686
- Financial income +€1,283
up €1,283 (+12833200.0%), from €0 to €1,283
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 | €131,797 | €199,818 | +€68,021 | +51.6% |
| Fixed assets | 21/28 | €37,511 | €27,860 | -€9,652 | -25.7% |
| Tangible fixed assets | 22/27 | €37,511 | €27,860 | -€9,652 | -25.7% |
| Furniture and vehicles | 24 | €34,163 | €24,870 | -€9,293 | -27.2% |
| Other tangible fixed assets | 26 | €3,348 | €2,990 | -€359 | -10.7% |
| Current assets | 29/58 | €94,286 | €171,959 | +€77,673 | +82.4% |
| Amounts receivable within one year | 40/41 | €5,608 | €2,614 | -€2,994 | -53.4% |
| Trade receivables | 40 | €3,860 | €2,614 | -€1,246 | -32.3% |
| Other amounts receivable | 41 | €1,748 | - | -€1,748 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €84,774 | €62,846 | -€21,928 | -25.9% |
| Deferred charges and accrued income | 490/1 | €3,904 | €6,499 | +€2,595 | +66.5% |
| Total equity and liabilities | 10/49 | €131,797 | €199,818 | +€68,021 | +51.6% |
| Equity | 10/15 | €91,063 | €167,461 | +€76,397 | +83.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,063 | €165,461 | +€76,397 | +85.8% |
| Amounts payable | 17/49 | €40,734 | €32,358 | -€8,376 | -20.6% |
| Amounts payable after more than one year | 17 | €17,497 | €8,550 | -€8,946 | -51.1% |
| Financial debts | 170/4 | €17,497 | €8,550 | -€8,946 | -51.1% |
| Amounts payable within one year | 42/48 | €22,347 | €22,769 | +€422 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €8,565 | €8,946 | +€381 | +4.4% |
| Trade debts | 44 | €614 | €316 | -€299 | -48.6% |
| Suppliers | 440/4 | €614 | €316 | -€299 | -48.6% |
| Taxes, remuneration and social security | 45 | €7,897 | €8,261 | +€364 | +4.6% |
| Taxes | 450/3 | €7,897 | €8,261 | +€364 | +4.6% |
| Other amounts payable | 47/48 | €5,271 | €5,246 | -€25 | -0.5% |
| Accrued charges and deferred income | 492/3 | €890 | €1,038 | +€148 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,301 | €9,652 | +€350 | +3.8% |
| Other operating charges | 640/8 | €844 | €846 | +€2 | +0.2% |
| Gross operating margin | 9900 | €96,853 | €108,319 | +€11,466 | +11.8% |
| Operating profit (loss) | 9901 | €86,707 | €97,821 | +€11,114 | +12.8% |
| Financial income | 75/76B | €0 | €1,283 | +€1,283 | +12833200.0% |
| Recurring financial income | 75 | €0 | €1,283 | +€1,283 | +12833200.0% |
| Financial charges | 65/66B | €1,389 | €1,021 | -€368 | -26.5% |
| Recurring financial charges | 65 | €1,389 | €1,021 | -€368 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €85,318 | €98,083 | +€12,765 | +15.0% |
| Income taxes | 67/77 | €18,213 | €21,686 | +€3,473 | +19.1% |
| Profit (loss) for the period | 9904 | €67,105 | €76,397 | +€9,292 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,105 | €76,397 | +€9,292 | +13.8% |
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 10 October 2026 via checked.be.