MAGI PROJECTS: 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 PROJECTS
Largest movements
- Cash -€630
down €630 (-44.3%), from €1,424 to €793
mainly Net result for the year (-€630)
- Profit (loss) carried forward -€630
down €630 (-28.4%), from -€2,217 to -€2,848
- Gross operating margin +€1,587
up €1,587 (+71.6%), from -€2,217 to -€630
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 | €37,783 | €37,152 | -€630 | -1.7% |
| Current assets | 29/58 | €37,783 | €37,152 | -€630 | -1.7% |
| Stocks and contracts in progress | 3 | €29,853 | €29,853 | = | 0.0% |
| Contracts in progress | 37 | €29,853 | €29,853 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,506 | €6,506 | = | 0.0% |
| Other amounts receivable | 41 | €6,506 | €6,506 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,424 | €793 | -€630 | -44.3% |
| Total equity and liabilities | 10/49 | €37,783 | €37,152 | -€630 | -1.7% |
| Equity | 10/15 | €17,783 | €17,152 | -€630 | -3.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,217 | -€2,848 | -€630 | -28.4% |
| Amounts payable | 17/49 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,000 | €20,000 | = | 0.0% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Gross operating margin | 9900 | -€2,217 | -€630 | +€1,587 | +71.6% |
| Operating profit (loss) | 9901 | -€2,217 | -€630 | +€1,587 | +71.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,217 | -€630 | +€1,587 | +71.6% |
| Profit (loss) for the period | 9904 | -€2,217 | -€630 | +€1,587 | +71.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,217 | -€630 | +€1,587 | +71.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.