MAGIBASE: 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.
MAGIBASE
Largest movements
- Tangible fixed assets +€230,024
up €230,024 (+36.9%), from €623,644 to €853,667
of which Plant, machinery and equipment: +€245,019
- Cash -€208,185
down €208,185 (-65.3%), from €318,991 to €110,806
mainly Investment in fixed assets (net) (-€282,879) and Net result for the year (-€143,781)
- Deferred charges and accrued income -€10,682
down €10,682 (-85.8%), from €12,455 to €1,773
- Debts after one year +€215,690
up €215,690 (+53.2%), from €405,227 to €620,917
- Profit (loss) carried forward -€143,781
down €143,781 (-37.3%), from €385,636 to €241,855
- Tax, wage and social debts -€26,269
down €26,269 (-33.0%), from €79,573 to €53,304
of which Taxes: -€16,685
- Other debts -€24,244
down €24,244 (-54.6%), from €44,370 to €20,126
- Trade debts -€23,635
down €23,635 (-33.6%), from €70,289 to €46,654
- Gross operating margin -€496,253
down €496,253 (-61.0%), from €813,760 to €317,507
- Taxes -€79,569
down €79,569 (-97.9%), from €81,289 to €1,720
- Depreciation +€19,583
up €19,583 (+48.3%), from €40,508 to €60,091
- Financial charges +€9,884
up €9,884 (+30.0%), from €32,918 to €42,802
- Other operating charges +€9,686
up €9,686 (+435.0%), from €2,227 to €11,913
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 | €1,034,465 | €1,048,603 | +€14,138 | +1.4% |
| Formation expenses | 20 | €336 | €0 | -€336 | -100.0% |
| Fixed assets | 21/28 | €664,107 | €887,231 | +€223,124 | +33.6% |
| Intangible fixed assets | 21 | €40,304 | €33,404 | -€6,900 | -17.1% |
| Tangible fixed assets | 22/27 | €623,644 | €853,667 | +€230,024 | +36.9% |
| Land and buildings | 22 | €409,759 | €397,426 | -€12,333 | -3.0% |
| Plant, machinery and equipment | 23 | €203,842 | €448,861 | +€245,019 | +120.2% |
| Furniture and vehicles | 24 | €10,043 | €7,381 | -€2,662 | -26.5% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €370,021 | €161,372 | -€208,649 | -56.4% |
| Amounts receivable within one year | 40/41 | €38,575 | €48,793 | +€10,218 | +26.5% |
| Trade receivables | 40 | €19,803 | €32,165 | +€12,361 | +62.4% |
| Other amounts receivable | 41 | €18,772 | €16,629 | -€2,143 | -11.4% |
| Cash at bank and in hand | 54/58 | €318,991 | €110,806 | -€208,185 | -65.3% |
| Deferred charges and accrued income | 490/1 | €12,455 | €1,773 | -€10,682 | -85.8% |
| Total equity and liabilities | 10/49 | €1,034,465 | €1,048,603 | +€14,138 | +1.4% |
| Equity | 10/15 | €390,636 | €246,855 | -€143,781 | -36.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €385,636 | €241,855 | -€143,781 | -37.3% |
| Amounts payable | 17/49 | €643,828 | €801,748 | +€157,919 | +24.5% |
| Amounts payable after more than one year | 17 | €405,227 | €620,917 | +€215,690 | +53.2% |
| Financial debts | 170/4 | €405,227 | €620,917 | +€215,690 | +53.2% |
| Amounts payable within one year | 42/48 | €235,268 | €172,497 | -€62,770 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €40,651 | €52,414 | +€11,763 | +28.9% |
| Trade debts | 44 | €70,289 | €46,654 | -€23,635 | -33.6% |
| Suppliers | 440/4 | €70,289 | €46,654 | -€23,635 | -33.6% |
| Advances received on contracts in progress | 46 | €385 | €0 | -€385 | -100.0% |
| Taxes, remuneration and social security | 45 | €79,573 | €53,304 | -€26,269 | -33.0% |
| Taxes | 450/3 | €40,386 | €23,701 | -€16,685 | -41.3% |
| Remuneration and social security | 454/9 | €39,187 | €29,604 | -€9,584 | -24.5% |
| Other amounts payable | 47/48 | €44,370 | €20,126 | -€24,244 | -54.6% |
| Accrued charges and deferred income | 492/3 | €3,333 | €8,333 | +€5,000 | +150.0% |
| Remuneration, social security and pensions | 62 | €355,956 | €347,099 | -€8,857 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,508 | €60,091 | +€19,583 | +48.3% |
| Other operating charges | 640/8 | €2,227 | €11,913 | +€9,686 | +435.0% |
| Gross operating margin | 9900 | €813,760 | €317,507 | -€496,253 | -61.0% |
| Operating profit (loss) | 9901 | €415,069 | -€101,596 | -€516,665 | |
| Financial income | 75/76B | €2,106 | €2,336 | +€230 | +10.9% |
| Recurring financial income | 75 | €2,106 | €2,336 | +€230 | +10.9% |
| Financial charges | 65/66B | €32,918 | €42,802 | +€9,884 | +30.0% |
| Recurring financial charges | 65 | €32,918 | €42,802 | +€9,884 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €384,257 | -€142,062 | -€526,319 | |
| Income taxes | 67/77 | €81,289 | €1,720 | -€79,569 | -97.9% |
| Profit (loss) for the period | 9904 | €302,968 | -€143,781 | -€446,749 | |
| Profit (loss) for the period to be appropriated | 9905 | €302,968 | -€143,781 | -€446,749 |
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 4 October 2026 via checked.be.