MAGIDENT: 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.
MAGIDENT
Largest movements
- Tangible fixed assets +€109,933
up €109,933 (+25.4%), from €432,645 to €542,578
of which Furniture and vehicles: +€109,079
- Cash +€105,261
up €105,261 (+73.4%), from €143,359 to €248,620
mainly Net result for the year (+€126,058) and Depreciation (+€87,466)
- Receivables within one year -€10,000
down €10,000 (-100.0%), from €10,000 to €0
of which Trade receivables: -€10,000
- Reserves +€115,362
up €115,362 (+65.6%), from €175,731 to €291,093
- Debts after one year +€56,269
up €56,269 (+17.6%), from €318,861 to €375,130
- Current portion of long-term debt +€27,847
up €27,847 (+88.6%), from €31,415 to €59,262
- Tax, wage and social debts +€14,307
up €14,307 (+137.9%), from €10,373 to €24,681
of which Taxes: +€14,170
- Other debts -€9,263
down €9,263 (-46.1%), from €20,096 to €10,833
- Gross operating margin +€108,841
up €108,841 (+50.8%), from €214,133 to €322,973
- Depreciation +€32,191
up €32,191 (+58.2%), from €55,275 to €87,466
- Taxes +€14,362
up €14,362 (+40.7%), from €35,308 to €49,670
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 | €590,227 | €793,946 | +€203,718 | +34.5% |
| Fixed assets | 21/28 | €432,693 | €542,578 | +€109,885 | +25.4% |
| Intangible fixed assets | 21 | €48 | €0 | -€48 | -100.0% |
| Tangible fixed assets | 22/27 | €432,645 | €542,578 | +€109,933 | +25.4% |
| Land and buildings | 22 | €361,079 | €345,993 | -€15,086 | -4.2% |
| Plant, machinery and equipment | 23 | €49,160 | €65,100 | +€15,940 | +32.4% |
| Furniture and vehicles | 24 | €22,406 | €131,485 | +€109,079 | +486.8% |
| Current assets | 29/58 | €157,534 | €251,368 | +€93,833 | +59.6% |
| Amounts receivable within one year | 40/41 | €10,000 | €0 | -€10,000 | -100.0% |
| Trade receivables | 40 | €10,000 | €0 | -€10,000 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €143,359 | €248,620 | +€105,261 | +73.4% |
| Deferred charges and accrued income | 490/1 | €4,175 | €2,748 | -€1,427 | -34.2% |
| Total equity and liabilities | 10/49 | €590,227 | €793,946 | +€203,718 | +34.5% |
| Equity | 10/15 | €202,766 | €318,128 | +€115,362 | +56.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €175,731 | €291,093 | +€115,362 | +65.6% |
| Distributable reserves | 133 | €175,731 | €291,093 | +€115,362 | +65.6% |
| Profit (loss) carried forward | 14 | €14,635 | €14,635 | = | 0.0% |
| Amounts payable | 17/49 | €387,461 | €475,817 | +€88,356 | +22.8% |
| Amounts payable after more than one year | 17 | €318,861 | €375,130 | +€56,269 | +17.6% |
| Financial debts | 170/4 | €318,861 | €375,130 | +€56,269 | +17.6% |
| Amounts payable within one year | 42/48 | €68,600 | €100,387 | +€31,787 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €31,415 | €59,262 | +€27,847 | +88.6% |
| Financial debts | 43 | - | €816 | +€816 | |
| Credit institutions | 430/8 | - | €816 | +€816 | |
| Trade debts | 44 | €6,716 | €4,795 | -€1,921 | -28.6% |
| Suppliers | 440/4 | €6,716 | €4,795 | -€1,921 | -28.6% |
| Taxes, remuneration and social security | 45 | €10,373 | €24,681 | +€14,307 | +137.9% |
| Taxes | 450/3 | €5,308 | €19,478 | +€14,170 | +266.9% |
| Remuneration and social security | 454/9 | €5,065 | €5,202 | +€137 | +2.7% |
| Other amounts payable | 47/48 | €20,096 | €10,833 | -€9,263 | -46.1% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Remuneration, social security and pensions | 62 | €40,287 | €41,304 | +€1,016 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,275 | €87,466 | +€32,191 | +58.2% |
| Other operating charges | 640/8 | €2,183 | €1,881 | -€302 | -13.8% |
| Gross operating margin | 9900 | €214,133 | €322,973 | +€108,841 | +50.8% |
| Operating profit (loss) | 9901 | €116,388 | €192,323 | +€75,936 | +65.2% |
| Financial income | 75/76B | €287 | €867 | +€580 | +202.1% |
| Recurring financial income | 75 | €287 | €867 | +€580 | +202.1% |
| Financial charges | 65/66B | €15,783 | €17,463 | +€1,680 | +10.6% |
| Recurring financial charges | 65 | €15,783 | €17,463 | +€1,680 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €100,892 | €175,728 | +€74,836 | +74.2% |
| Income taxes | 67/77 | €35,308 | €49,670 | +€14,362 | +40.7% |
| Profit (loss) for the period | 9904 | €65,584 | €126,058 | +€60,474 | +92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,584 | €126,058 | +€60,474 | +92.2% |
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.