MAGILA: 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.
MAGILA
Largest movements
- Cash +€51,052
up €51,052 (+255.7%), from €19,968 to €71,020
mainly Net result for the year (+€39,887) and Debts after one year (+€23,733)
- Tangible fixed assets +€20,191
up €20,191 (+29.3%), from €68,949 to €89,140
of which Furniture and vehicles: +€22,224
- Receivables within one year -€4,858
down €4,858 (-15.5%), from €31,343 to €26,485
- Reserves +€39,027
up €39,027 (+94.1%), from €41,460 to €80,487
- Debts after one year +€23,733
up €23,733 (+39.6%), from €60,000 to €83,733
of which Financial debts: +€28,733
- Other debts -€8,240
down €8,240 (-87.1%), from €9,462 to €1,222
- Current portion of long-term debt +€7,577
new in 2025: €7,577
- Tax, wage and social debts +€3,474
up €3,474 (+61.9%), from €5,614 to €9,088
- Depreciation +€3,073
up €3,073 (+25.9%), from €11,861 to €14,935
- Purchases and services -€2,602
down €2,602 (-4.3%), from €60,227 to €57,625
- Gross operating margin +€1,357
up €1,357 (+1.9%), from €71,750 to €73,107
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 | €122,669 | €188,783 | +€66,114 | +53.9% |
| Fixed assets | 21/28 | €68,949 | €89,140 | +€20,191 | +29.3% |
| Tangible fixed assets | 22/27 | €68,949 | €89,140 | +€20,191 | +29.3% |
| Plant, machinery and equipment | 23 | €26,671 | €24,638 | -€2,033 | -7.6% |
| Furniture and vehicles | 24 | €42,277 | €64,502 | +€22,224 | +52.6% |
| Current assets | 29/58 | €53,720 | €99,643 | +€45,922 | +85.5% |
| Amounts receivable within one year | 40/41 | €31,343 | €26,485 | -€4,858 | -15.5% |
| Trade receivables | 40 | €31,343 | €26,485 | -€4,858 | -15.5% |
| Cash at bank and in hand | 54/58 | €19,968 | €71,020 | +€51,052 | +255.7% |
| Deferred charges and accrued income | 490/1 | €2,409 | €2,138 | -€271 | -11.3% |
| Total equity and liabilities | 10/49 | €122,669 | €188,783 | +€66,114 | +53.9% |
| Equity | 10/15 | €46,464 | €85,492 | +€39,028 | +84.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €41,460 | €80,487 | +€39,027 | +94.1% |
| Distributable reserves | 133 | €41,460 | €80,487 | +€39,027 | +94.1% |
| Profit (loss) carried forward | 14 | €4 | €5 | +€1 | +29.7% |
| Amounts payable | 17/49 | €76,205 | €103,290 | +€27,086 | +35.5% |
| Amounts payable after more than one year | 17 | €60,000 | €83,733 | +€23,733 | +39.6% |
| Financial debts | 170/4 | - | €28,733 | +€28,733 | |
| Other amounts payable | 178/9 | €60,000 | €55,000 | -€5,000 | -8.3% |
| Amounts payable within one year | 42/48 | €16,205 | €19,557 | +€3,352 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | - | €7,577 | +€7,577 | |
| Trade debts | 44 | €1,129 | €1,670 | +€541 | +47.9% |
| Suppliers | 440/4 | €1,129 | €1,670 | +€541 | +47.9% |
| Taxes, remuneration and social security | 45 | €5,614 | €9,088 | +€3,474 | +61.9% |
| Taxes | 450/3 | €5,614 | €9,088 | +€3,474 | +61.9% |
| Other amounts payable | 47/48 | €9,462 | €1,222 | -€8,240 | -87.1% |
| Turnover | 70 | €127,937 | €126,956 | -€982 | -0.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €60,227 | €57,625 | -€2,602 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,861 | €14,935 | +€3,073 | +25.9% |
| Other operating charges | 640/8 | €1,893 | €777 | -€1,116 | -58.9% |
| Gross operating margin | 9900 | €71,750 | €73,107 | +€1,357 | +1.9% |
| Operating profit (loss) | 9901 | €57,996 | €57,395 | -€601 | -1.0% |
| Financial charges | 65/66B | €116 | €791 | +€675 | +582.2% |
| Recurring financial charges | 65 | €116 | €791 | +€675 | +582.2% |
| Profit (loss) for the period before taxes | 9903 | €57,880 | €56,604 | -€1,276 | -2.2% |
| Income taxes | 67/77 | €16,416 | €16,717 | +€301 | +1.8% |
| Profit (loss) for the period | 9904 | €41,464 | €39,887 | -€1,577 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,464 | €39,887 | -€1,577 | -3.8% |
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 11 October 2026 via checked.be.