MAGFORCE ET CONSTRUCTION: 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.
MAGFORCE ET CONSTRUCTION
Largest movements
- Tangible fixed assets -€27,709
down €27,709 (-2.4%), from €1.2m to €1.1m
of which Land and buildings: -€27,709
- Receivables within one year +€14,931
up €14,931 (+61.8%), from €24,167 to €39,097
of which Trade receivables: +€12,001
- Other debts +€127,988
up €127,988 (+4.1%), from €3.1m to €3.2m
- Trade debts -€120,973
down €120,973 (-46.2%), from €262,020 to €141,047
- Profit (loss) carried forward -€18,846
down €18,846 (-0.9%), from -€2.2m to -€2.2m
- Financial charges -€1.2m
down €1.2m (-99.6%), from €1.2m to €4,957
of which Non-recurring financial charges: -€1.2m
- Financial income -€312,500
no longer reported in 2025 (was €312,500)
of which Financial income: -€312,500
- Write-downs -€214,814
no longer reported in 2025 (was €214,814)
- Other operating charges +€9,829
new in 2025: €9,829
- Gross operating margin +€4,738
up €4,738 (+25.1%), from €18,911 to €23,649
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 | €1,211,403 | €1,199,572 | -€11,830 | -1.0% |
| Fixed assets | 21/28 | €1,187,236 | €1,159,527 | -€27,709 | -2.3% |
| Tangible fixed assets | 22/27 | €1,157,266 | €1,129,557 | -€27,709 | -2.4% |
| Land and buildings | 22 | €1,117,266 | €1,089,557 | -€27,709 | -2.5% |
| Furniture and vehicles | 24 | €40,000 | €40,000 | = | 0.0% |
| Financial fixed assets | 28 | €29,970 | €29,970 | = | 0.0% |
| Current assets | 29/58 | €24,167 | €40,045 | +€15,879 | +65.7% |
| Amounts receivable within one year | 40/41 | €24,167 | €39,097 | +€14,931 | +61.8% |
| Trade receivables | 40 | €23,556 | €35,557 | +€12,001 | +50.9% |
| Other amounts receivable | 41 | €610 | €3,541 | +€2,930 | +480% |
| Cash at bank and in hand | 54/58 | - | €948 | +€948 | |
| Total equity and liabilities | 10/49 | €1,211,403 | €1,199,572 | -€11,830 | -1.0% |
| Equity | 10/15 | -€2,144,166 | -€2,163,012 | -€18,846 | -0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,212,366 | -€2,231,212 | -€18,846 | -0.9% |
| Amounts payable | 17/49 | €3,355,569 | €3,362,585 | +€7,016 | +0.2% |
| Amounts payable within one year | 42/48 | €3,355,569 | €3,362,585 | +€7,016 | +0.2% |
| Trade debts | 44 | €262,020 | €141,047 | -€120,973 | -46.2% |
| Suppliers | 440/4 | €262,020 | €141,047 | -€120,973 | -46.2% |
| Other amounts payable | 47/48 | €3,093,549 | €3,221,538 | +€127,988 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,709 | €27,709 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €214,814 | - | -€214,814 | |
| Other operating charges | 640/8 | - | €9,829 | +€9,829 | |
| Gross operating margin | 9900 | €18,911 | €23,649 | +€4,738 | +25.1% |
| Operating profit (loss) | 9901 | -€223,612 | -€13,889 | +€209,723 | +93.8% |
| Financial income | 75/76B | €312,500 | - | -€312,500 | |
| Recurring financial income | 75 | €312,500 | - | -€312,500 | |
| Non-recurring financial income | 76B | €312,500 | - | -€312,500 | |
| Financial charges | 65/66B | €1,199,269 | €4,957 | -€1.2m | -99.6% |
| Recurring financial charges | 65 | €29,752 | €4,957 | -€24,795 | -83.3% |
| Non-recurring financial charges | 66B | €1,169,518 | - | -€1.2m | |
| Profit (loss) for the period before taxes | 9903 | -€1,110,381 | -€18,846 | +€1.1m | +98.3% |
| Profit (loss) for the period | 9904 | -€1,110,381 | -€18,846 | +€1.1m | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,110,381 | -€18,846 | +€1.1m | +98.3% |
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 20 October 2026 via checked.be.