MAGIMA: 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.
MAGIMA
Largest movements
- Receivables within one year -€33,810
down €33,810 (-29.9%), from €113,219 to €79,409
of which Trade receivables: -€34,410
- Current investments +€5,061
up €5,061 (+59.4%), from €8,513 to €13,574
- Tangible fixed assets +€2,558
up €2,558 (+7.1%), from €35,910 to €38,468
of which Land and buildings: +€3,275
- Cash -€2,069
down €2,069 (-26.1%), from €7,931 to €5,861
mainly Contributions, distributions and other (-€20,000) and Tax, wage and social debts (-€13,598)
- Tax, wage and social debts -€13,598
down €13,598 (-55.6%), from €24,471 to €10,873
of which Taxes: -€12,398
- Other debts -€11,805
down €11,805 (-17.6%), from €67,081 to €55,276
- Debts after one year -€2,628
down €2,628 (-10.5%), from €25,115 to €22,487
- Gross operating margin -€2,865
down €2,865 (-7.6%), from €37,698 to €34,833
- Taxes -€925
down €925 (-9.9%), from €9,380 to €8,455
- Depreciation +€918
up €918 (+33.7%), from €2,724 to €3,642
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.
Derived cash bridge
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 | €167,183 | €138,897 | -€28,286 | -16.9% |
| Fixed assets | 21/28 | €35,910 | €38,468 | +€2,558 | +7.1% |
| Tangible fixed assets | 22/27 | €35,910 | €38,468 | +€2,558 | +7.1% |
| Land and buildings | 22 | €35,156 | €38,431 | +€3,275 | +9.3% |
| Furniture and vehicles | 24 | €754 | €37 | -€717 | -95.1% |
| Current assets | 29/58 | €131,273 | €100,429 | -€30,844 | -23.5% |
| Amounts receivable within one year | 40/41 | €113,219 | €79,409 | -€33,810 | -29.9% |
| Trade receivables | 40 | €113,219 | €78,809 | -€34,410 | -30.4% |
| Other amounts receivable | 41 | - | €600 | +€600 | |
| Current investments | 50/53 | €8,513 | €13,574 | +€5,061 | +59.4% |
| Cash at bank and in hand | 54/58 | €7,931 | €5,861 | -€2,069 | -26.1% |
| Deferred charges and accrued income | 490/1 | €1,610 | €1,585 | -€25 | -1.6% |
| Total equity and liabilities | 10/49 | €167,183 | €138,897 | -€28,286 | -16.9% |
| Equity | 10/15 | €42,523 | €42,895 | +€372 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,063 | €22,435 | +€372 | +1.7% |
| Amounts payable | 17/49 | €124,660 | €96,002 | -€28,658 | -23.0% |
| Amounts payable after more than one year | 17 | €25,115 | €22,487 | -€2,628 | -10.5% |
| Financial debts | 170/4 | €25,115 | €22,487 | -€2,628 | -10.5% |
| Amounts payable within one year | 42/48 | €98,068 | €72,015 | -€26,053 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €2,502 | €2,628 | +€126 | +5.0% |
| Trade debts | 44 | €4,014 | €3,239 | -€775 | -19.3% |
| Suppliers | 440/4 | €4,014 | €3,239 | -€775 | -19.3% |
| Taxes, remuneration and social security | 45 | €24,471 | €10,873 | -€13,598 | -55.6% |
| Taxes | 450/3 | €23,271 | €10,873 | -€12,398 | -53.3% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €67,081 | €55,276 | -€11,805 | -17.6% |
| Accrued charges and deferred income | 492/3 | €1,478 | €1,500 | +€22 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,724 | €3,642 | +€918 | +33.7% |
| Other operating charges | 640/8 | €686 | €966 | +€280 | +40.9% |
| Gross operating margin | 9900 | €37,698 | €34,833 | -€2,865 | -7.6% |
| Operating profit (loss) | 9901 | €34,289 | €30,225 | -€4,064 | -11.9% |
| Financial income | 75/76B | €14 | €61 | +€47 | +342% |
| Recurring financial income | 75 | €14 | €61 | +€47 | +342% |
| Financial charges | 65/66B | €1,586 | €1,459 | -€127 | -8.0% |
| Recurring financial charges | 65 | €1,586 | €1,459 | -€127 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €32,716 | €28,827 | -€3,889 | -11.9% |
| Income taxes | 67/77 | €9,380 | €8,455 | -€925 | -9.9% |
| Profit (loss) for the period | 9904 | €23,336 | €20,372 | -€2,964 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,336 | €20,372 | -€2,964 | -12.7% |
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 13 October 2026 via checked.be.