MAGI SHINE: 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.
MAGI SHINE
Largest movements
- Receivables within one year -€3,417
down €3,417 (-4.3%), from €79,942 to €76,525
of which Other amounts receivable: -€10,427
- Cash +€2,628
up €2,628 (+92,211%), from €3 to €2,631
mainly Receivables within one year (+€3,417) and Net result for the year (+€3,174)
- Trade debts -€4,890
no longer reported in 2024 (was €4,890)
- Reserves +€3,174
up €3,174 (+6.8%), from €46,553 to €49,727
of which Distributable reserves: +€3,174
- Tax, wage and social debts +€927
up €927 (+9.4%), from €9,910 to €10,837
- Gross operating margin -€41,776
down €41,776 (-88.9%), from €46,984 to €5,208
- Provisions +€1,033
new in 2024: €1,033
- Taxes +€927
new in 2024: €927
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,945 | €79,156 | -€789 | -1.0% |
| Current assets | 29/58 | €79,945 | €79,156 | -€789 | -1.0% |
| Amounts receivable within one year | 40/41 | €79,942 | €76,525 | -€3,417 | -4.3% |
| Trade receivables | 40 | €11,320 | €18,330 | +€7,010 | +61.9% |
| Other amounts receivable | 41 | €68,623 | €58,195 | -€10,427 | -15.2% |
| Cash at bank and in hand | 54/58 | €3 | €2,631 | +€2,628 | +92,211% |
| Total equity and liabilities | 10/49 | €79,945 | €79,156 | -€789 | -1.0% |
| Equity | 10/15 | €65,145 | €68,319 | +€3,174 | +4.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €46,553 | €49,727 | +€3,174 | +6.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €44,694 | €47,868 | +€3,174 | +7.1% |
| Amounts payable | 17/49 | €14,800 | €10,837 | -€3,963 | -26.8% |
| Amounts payable within one year | 42/48 | €14,800 | €10,837 | -€3,963 | -26.8% |
| Trade debts | 44 | €4,890 | - | -€4,890 | |
| Suppliers | 440/4 | €4,890 | - | -€4,890 | |
| Taxes, remuneration and social security | 45 | €9,910 | €10,837 | +€927 | +9.4% |
| Taxes | 450/3 | €9,910 | €10,837 | +€927 | +9.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,033 | +€1,033 | |
| Gross operating margin | 9900 | €46,984 | €5,208 | -€41,776 | -88.9% |
| Operating profit (loss) | 9901 | €46,984 | €4,176 | -€42,809 | -91.1% |
| Financial charges | 65/66B | €109 | €75 | -€34 | -31.3% |
| Recurring financial charges | 65 | €109 | €75 | -€34 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €46,875 | €4,101 | -€42,774 | -91.3% |
| Income taxes | 67/77 | - | €927 | +€927 | |
| Profit (loss) for the period | 9904 | €46,875 | €3,174 | -€43,701 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,875 | €3,174 | -€43,701 | -93.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.