MAGI CONSTRUCT: what changed
Two fiscal 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.
MAGI CONSTRUCT
Largest movements
- Receivables within one year -€354,649
down €354,649 (-46.3%), from €765,966 to €411,317
of which Other amounts receivable: -€417,867
- Tangible fixed assets -€85,939
down €85,939 (-96.2%), from €89,296 to €3,357
of which Plant, machinery and equipment: -€85,772
- Stocks and contracts +€50,250
up €50,250 (+72.0%), from €69,750 to €120,000
- Cash -€10,935
down €10,935 (-8.6%), from €126,697 to €115,762
mainly Other debts (-€513,479) and Stocks and contracts (-€50,250)
- Other debts -€513,479
down €513,479 (-84.6%), from €606,794 to €93,315
- Trade debts +€50,021
up €50,021 (+25.9%), from €193,136 to €243,157
- Tax, wage and social debts +€45,638
up €45,638 (+82.6%), from €55,239 to €100,877
of which Taxes: +€44,688
- Accrued charges and deferred income +€10,944
new in 2025: €10,944
- Gross operating margin -€60,838
down €60,838 (-14.7%), from €413,624 to €352,786
- Staff costs +€25,575
up €25,575 (+9.1%), from €281,823 to €307,399
- Taxes -€17,034
down €17,034 (-74.6%), from €22,843 to €5,809
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 | €1,055,038 | €656,654 | -€398,384 | -37.8% |
| Fixed assets | 21/28 | €89,296 | €3,357 | -€85,939 | -96.2% |
| Tangible fixed assets | 22/27 | €89,296 | €3,357 | -€85,939 | -96.2% |
| Plant, machinery and equipment | 23 | €88,515 | €2,743 | -€85,772 | -96.9% |
| Other tangible fixed assets | 26 | €781 | €614 | -€167 | -21.3% |
| Current assets | 29/58 | €965,742 | €653,297 | -€312,445 | -32.4% |
| Stocks and contracts in progress | 3 | €69,750 | €120,000 | +€50,250 | +72.0% |
| Stocks | 30/36 | €69,750 | €120,000 | +€50,250 | +72.0% |
| Amounts receivable within one year | 40/41 | €765,966 | €411,317 | -€354,649 | -46.3% |
| Trade receivables | 40 | €326,437 | €389,656 | +€63,219 | +19.4% |
| Other amounts receivable | 41 | €439,529 | €21,661 | -€417,867 | -95.1% |
| Cash at bank and in hand | 54/58 | €126,697 | €115,762 | -€10,935 | -8.6% |
| Deferred charges and accrued income | 490/1 | €3,329 | €6,218 | +€2,889 | +86.8% |
| Total equity and liabilities | 10/49 | €1,055,038 | €656,654 | -€398,384 | -37.8% |
| Equity | 10/15 | €199,869 | €208,361 | +€8,492 | +4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,669 | €202,161 | +€8,492 | +4.4% |
| Distributable reserves | 133 | €193,669 | €202,161 | +€8,492 | +4.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €855,169 | €448,293 | -€406,876 | -47.6% |
| Amounts payable within one year | 42/48 | €855,169 | €437,349 | -€417,820 | -48.9% |
| Trade debts | 44 | €193,136 | €243,157 | +€50,021 | +25.9% |
| Suppliers | 440/4 | €193,136 | €243,157 | +€50,021 | +25.9% |
| Taxes, remuneration and social security | 45 | €55,239 | €100,877 | +€45,638 | +82.6% |
| Taxes | 450/3 | €14,466 | €59,154 | +€44,688 | +308.9% |
| Remuneration and social security | 454/9 | €40,773 | €41,723 | +€950 | +2.3% |
| Other amounts payable | 47/48 | €606,794 | €93,315 | -€513,479 | -84.6% |
| Accrued charges and deferred income | 492/3 | - | €10,944 | +€10,944 | |
| Remuneration, social security and pensions | 62 | €281,823 | €307,399 | +€25,575 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,764 | €4,957 | -€2,807 | -36.2% |
| Other operating charges | 640/8 | €16,384 | €13,924 | -€2,459 | -15.0% |
| Gross operating margin | 9900 | €413,624 | €352,786 | -€60,838 | -14.7% |
| Operating profit (loss) | 9901 | €107,653 | €26,506 | -€81,146 | -75.4% |
| Financial income | 75/76B | €1,079 | €3,440 | +€2,361 | +218.9% |
| Recurring financial income | 75 | €1,079 | €3,440 | +€2,361 | +218.9% |
| Financial charges | 65/66B | €12,521 | €15,645 | +€3,124 | +25.0% |
| Recurring financial charges | 65 | €12,521 | €15,645 | +€3,124 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €96,210 | €14,301 | -€81,909 | -85.1% |
| Income taxes | 67/77 | €22,843 | €5,809 | -€17,034 | -74.6% |
| Profit (loss) for the period | 9904 | €73,368 | €8,492 | -€64,876 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,368 | €8,492 | -€64,876 | -88.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.