MAGIMEX: 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.
MAGIMEX
Largest movements
- Receivables within one year +€42,051
up €42,051 (+6.6%), from €635,163 to €677,214
of which Trade receivables: +€105,313
- Receivables after one year -€40,000
no longer reported in 2025 (was €40,000)
- Cash -€15,378
down €15,378 (-6.4%), from €239,292 to €223,914
mainly Trade debts (-€63,191) and Investment in fixed assets (net) (-€59,205)
- Trade debts -€63,191
down €63,191 (-32.9%), from €191,948 to €128,757
- Tax, wage and social debts +€45,814
up €45,814 (+18.6%), from €246,366 to €292,180
of which Taxes: +€27,638
- Purchases and services +€2.3m
new in 2025: €2.3m
- Staff costs +€125,465
up €125,465 (+9.9%), from €1.3m to €1.4m
- Gross operating margin +€59,137
up €59,137 (+3.9%), from €1.5m to €1.6m
- Taxes -€25,646
down €25,646 (-33.0%), from €77,603 to €51,957
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 | €1,054,941 | €1,034,703 | -€20,238 | -1.9% |
| Fixed assets | 21/28 | €140,486 | €130,793 | -€9,693 | -6.9% |
| Tangible fixed assets | 22/27 | €140,191 | €130,793 | -€9,398 | -6.7% |
| Plant, machinery and equipment | 23 | €20,269 | €24,622 | +€4,353 | +21.5% |
| Furniture and vehicles | 24 | €94,905 | €82,478 | -€12,428 | -13.1% |
| Other tangible fixed assets | 26 | €25,017 | €23,694 | -€1,323 | -5.3% |
| Financial fixed assets | 28 | €295 | - | -€295 | |
| Current assets | 29/58 | €914,455 | €903,910 | -€10,545 | -1.2% |
| Amounts receivable after more than one year | 29 | €40,000 | - | -€40,000 | |
| Other amounts receivable | 291 | €40,000 | - | -€40,000 | |
| Amounts receivable within one year | 40/41 | €635,163 | €677,214 | +€42,051 | +6.6% |
| Trade receivables | 40 | €178,038 | €283,351 | +€105,313 | +59.2% |
| Other amounts receivable | 41 | €457,125 | €393,863 | -€63,262 | -13.8% |
| Cash at bank and in hand | 54/58 | €239,292 | €223,914 | -€15,378 | -6.4% |
| Deferred charges and accrued income | 490/1 | - | €2,782 | +€2,782 | |
| Total equity and liabilities | 10/49 | €1,054,941 | €1,034,703 | -€20,238 | -1.9% |
| Equity | 10/15 | €615,627 | €613,767 | -€1,860 | -0.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €596,627 | €594,767 | -€1,860 | -0.3% |
| Distributable reserves | 133 | €596,627 | €594,767 | -€1,860 | -0.3% |
| Amounts payable | 17/49 | €439,314 | €420,937 | -€18,378 | -4.2% |
| Amounts payable within one year | 42/48 | €438,314 | €420,937 | -€17,378 | -4.0% |
| Trade debts | 44 | €191,948 | €128,757 | -€63,191 | -32.9% |
| Suppliers | 440/4 | €191,948 | €128,757 | -€63,191 | -32.9% |
| Taxes, remuneration and social security | 45 | €246,366 | €292,180 | +€45,814 | +18.6% |
| Taxes | 450/3 | €141,354 | €168,992 | +€27,638 | +19.6% |
| Remuneration and social security | 454/9 | €105,012 | €123,188 | +€18,176 | +17.3% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,257,391 | +€2.3m | |
| Remuneration, social security and pensions | 62 | €1,264,022 | €1,389,487 | +€125,465 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,698 | €68,898 | +€10,199 | +17.4% |
| Other operating charges | 640/8 | €16,436 | €15,772 | -€664 | -4.0% |
| Gross operating margin | 9900 | €1,520,616 | €1,579,753 | +€59,137 | +3.9% |
| Operating profit (loss) | 9901 | €181,460 | €105,596 | -€75,864 | -41.8% |
| Financial income | 75/76B | €5,030 | €0 | -€5,030 | -100.0% |
| Recurring financial income | 75 | €3,724 | €0 | -€3,724 | -100.0% |
| Non-recurring financial income | 76B | €1,306 | - | -€1,306 | |
| Financial charges | 65/66B | €2,470 | €5,499 | +€3,029 | +123% |
| Recurring financial charges | 65 | €2,470 | €5,499 | +€3,029 | +123% |
| Profit (loss) for the period before taxes | 9903 | €184,020 | €100,097 | -€83,923 | -45.6% |
| Income taxes | 67/77 | €77,603 | €51,957 | -€25,646 | -33.0% |
| Profit (loss) for the period | 9904 | €106,417 | €48,140 | -€58,277 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €106,417 | €48,140 | -€58,277 | -54.8% |
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 25 October 2026 via checked.be.