MAGIE: 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.
MAGIE
Largest movements
- Cash -€36,692
down €36,692 (-99.7%), from €36,794 to €102
mainly Trade debts (-€53,190) and Net result for the year (-€17,221)
- Receivables within one year -€35,366
down €35,366 (-47.0%), from €75,302 to €39,937
- Tangible fixed assets -€10,274
down €10,274 (-20.2%), from €50,951 to €40,677
of which Furniture and vehicles: -€6,795
- Trade debts -€53,190
down €53,190 (-44.7%), from €119,092 to €65,902
- Profit (loss) carried forward -€17,221
down €17,221 (-46.8%), from -€36,807 to -€54,027
- Debts after one year -€7,184
down €7,184 (-45.2%), from €15,890 to €8,705
- Tax, wage and social debts -€4,871
down €4,871 (-34.9%), from €13,965 to €9,094
- Gross operating margin -€14,517
down €14,517 (-82.9%), from €17,514 to €2,997
- Taxes -€5,217
down €5,217 (-62.2%), from €8,386 to €3,169
- Financial charges -€927
down €927 (-18.2%), from €5,107 to €4,180
- Depreciation +€308
up €308 (+3.1%), from €9,965 to €10,274
- Other operating charges -€261
down €261 (-9.1%), from €2,856 to €2,595
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 | €163,047 | €80,716 | -€82,331 | -50.5% |
| Fixed assets | 21/28 | €50,951 | €40,677 | -€10,274 | -20.2% |
| Tangible fixed assets | 22/27 | €50,951 | €40,677 | -€10,274 | -20.2% |
| Land and buildings | 22 | €11,855 | €10,052 | -€1,803 | -15.2% |
| Plant, machinery and equipment | 23 | €12,703 | €11,028 | -€1,675 | -13.2% |
| Furniture and vehicles | 24 | €26,392 | €19,597 | -€6,795 | -25.7% |
| Current assets | 29/58 | €112,096 | €40,039 | -€72,058 | -64.3% |
| Amounts receivable within one year | 40/41 | €75,302 | €39,937 | -€35,366 | -47.0% |
| Trade receivables | 40 | €75,302 | €39,937 | -€35,366 | -47.0% |
| Cash at bank and in hand | 54/58 | €36,794 | €102 | -€36,692 | -99.7% |
| Total equity and liabilities | 10/49 | €163,047 | €80,716 | -€82,331 | -50.5% |
| Equity | 10/15 | -€5,356 | -€22,576 | -€17,221 | -321.5% |
| Contributions | 10/11 | €28,592 | €28,592 | = | 0.0% |
| Reserves | 13 | €2,859 | €2,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,859 | €2,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,859 | €2,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,807 | -€54,027 | -€17,221 | -46.8% |
| Amounts payable | 17/49 | €168,402 | €103,292 | -€65,111 | -38.7% |
| Amounts payable after more than one year | 17 | €15,890 | €8,705 | -€7,184 | -45.2% |
| Financial debts | 170/4 | €15,890 | €8,705 | -€7,184 | -45.2% |
| Amounts payable within one year | 42/48 | €152,513 | €94,586 | -€57,927 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €6,452 | €7,184 | +€732 | +11.3% |
| Financial debts | 43 | €11,118 | €11,992 | +€874 | +7.9% |
| Credit institutions | 430/8 | €11,118 | €11,992 | +€874 | +7.9% |
| Trade debts | 44 | €119,092 | €65,902 | -€53,190 | -44.7% |
| Suppliers | 440/4 | €119,092 | €65,902 | -€53,190 | -44.7% |
| Taxes, remuneration and social security | 45 | €13,965 | €9,094 | -€4,871 | -34.9% |
| Taxes | 450/3 | €13,965 | €9,094 | -€4,871 | -34.9% |
| Other amounts payable | 47/48 | €1,886 | €415 | -€1,471 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,965 | €10,274 | +€308 | +3.1% |
| Other operating charges | 640/8 | €2,856 | €2,595 | -€261 | -9.1% |
| Gross operating margin | 9900 | €17,514 | €2,997 | -€14,517 | -82.9% |
| Operating profit (loss) | 9901 | €4,693 | -€9,872 | -€14,565 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €5,107 | €4,180 | -€927 | -18.2% |
| Recurring financial charges | 65 | €5,107 | €4,180 | -€927 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€404 | -€14,051 | -€13,647 | -3379.2% |
| Income taxes | 67/77 | €8,386 | €3,169 | -€5,217 | -62.2% |
| Profit (loss) for the period | 9904 | -€8,790 | -€17,221 | -€8,430 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,790 | -€17,221 | -€8,430 | -95.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.