MAGFORCE BE: what changed
MAGFORCE BE
Largest movements
- Cash -€2.2m
no longer reported in 2025 (was €2.2m)
mainly Trade debts (-€1.7m) and Receivables within one year (-€428,713)
- Receivables within one year +€428,713
up €428,713 (+7.2%), from €5.9m to €6.3m
of which Other amounts receivable: +€428,713
- Trade debts -€1.7m
down €1.7m (-98.8%), from €1.7m to €19,950
- Financial income -€5.1m
down €5.1m (-99.4%), from €5.1m to €28,945
of which Non-recurring financial income: -€5.0m
- Financial charges -€3.4m
down €3.4m (-100.0%), from €3.4m to €277
of which Non-recurring financial charges: -€3.2m
- Gross operating margin +€1.7m
up €1.7m (+95.6%), from -€1.7m to -€76,445
- Taxes -€343,794
no longer reported in 2025 (was €343,794)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,118,025 | €6,344,246 | -€1.8m | -21.8% |
| Current assets | 29/58 | €8,118,025 | €6,344,246 | -€1.8m | -21.8% |
| Amounts receivable within one year | 40/41 | €5,915,533 | €6,344,246 | +€428,713 | +7.2% |
| Trade receivables | 40 | €416,977 | €416,977 | = | 0.0% |
| Other amounts receivable | 41 | €5,498,556 | €5,927,269 | +€428,713 | +7.8% |
| Cash at bank and in hand | 54/58 | €2,202,492 | - | -€2.2m | |
| Total equity and liabilities | 10/49 | €8,118,025 | €6,344,246 | -€1.8m | -21.8% |
| Equity | 10/15 | -€2,157,282 | -€2,205,059 | -€47,778 | -2.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,190,282 | -€2,238,059 | -€47,778 | -2.2% |
| Provisions and deferred taxes | 16 | €935,652 | €935,652 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €935,652 | €935,652 | = | 0.0% |
| Other liabilities and charges | 164/5 | €935,652 | €935,652 | = | 0.0% |
| Amounts payable | 17/49 | €9,339,655 | €7,613,654 | -€1.7m | -18.5% |
| Amounts payable within one year | 42/48 | €9,339,655 | €7,613,654 | -€1.7m | -18.5% |
| Trade debts | 44 | €1,698,009 | €19,950 | -€1.7m | -98.8% |
| Suppliers | 440/4 | €1,698,009 | €19,950 | -€1.7m | -98.8% |
| Taxes, remuneration and social security | 45 | €48,230 | - | -€48,230 | |
| Taxes | 450/3 | €48,230 | - | -€48,230 | |
| Other amounts payable | 47/48 | €7,593,417 | €7,593,704 | +€288 | 0.0% |
| Gross operating margin | 9900 | -€1,740,234 | -€76,445 | +€1.7m | +95.6% |
| Operating profit (loss) | 9901 | -€1,740,234 | -€76,445 | +€1.7m | +95.6% |
| Financial income | 75/76B | €5,117,796 | €28,945 | -€5.1m | -99.4% |
| Recurring financial income | 75 | €121,239 | €28,945 | -€92,294 | -76.1% |
| Non-recurring financial income | 76B | €4,996,556 | - | -€5.0m | |
| Financial charges | 65/66B | €3,368,510 | €277 | -€3.4m | -100.0% |
| Recurring financial charges | 65 | €122,866 | €277 | -€122,589 | -99.8% |
| Non-recurring financial charges | 66B | €3,245,644 | - | -€3.2m | |
| Profit (loss) for the period before taxes | 9903 | €9,051 | -€47,778 | -€56,829 | |
| Income taxes | 67/77 | €343,794 | - | -€343,794 | |
| Profit (loss) for the period | 9904 | -€334,743 | -€47,778 | +€286,966 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€334,743 | -€47,778 | +€286,966 | +85.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.