MAGIMMO: 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.
MAGIMMO
Largest movements
- Receivables within one year +€664,844
up €664,844 (+3661.8%), from €18,156 to €683,000
of which Other amounts receivable: +€682,478
- Stocks and contracts -€423,546
down €423,546 (-100.0%), from €423,546 to €0
- Cash -€102,840
down €102,840 (-78.0%), from €131,923 to €29,083
mainly Receivables within one year (-€664,844) and Debts after one year (-€197,372)
- Financial fixed assets +€100,000
up €100,000 (+8.3%), from €1.2m to €1.3m
- Tangible fixed assets -€81,022
down €81,022 (-7.3%), from €1.1m to €1.0m
of which Land and buildings: -€80,240
- Debts after one year -€197,372
down €197,372 (-14.5%), from €1.4m to €1.2m
of which Financial debts: -€200,972
- Profit (loss) carried forward +€169,270
up €169,270 (+34.7%), from €488,115 to €657,385
- Current portion of long-term debt +€91,458
up €91,458 (+144.5%), from €63,286 to €154,744
- Short-term financial debts +€87,000
up €87,000 (+23.2%), from €375,000 to €462,000
of which Other loans: +€87,000
- Turnover +€764,430
new in 2025: €764,430
- Purchases and services +€427,604
new in 2025: €427,604
- Gross operating margin +€110,742
up €110,742 (+42.1%), from €263,305 to €374,047
- Other operating charges -€71,898
down €71,898 (-65.3%), from €110,038 to €38,140
- Taxes +€48,690
up €48,690 (+415.9%), from €11,707 to €60,397
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 | €2,890,443 | €3,044,802 | +€154,358 | +5.3% |
| Fixed assets | 21/28 | €2,312,268 | €2,331,246 | +€18,978 | +0.8% |
| Tangible fixed assets | 22/27 | €1,112,268 | €1,031,246 | -€81,022 | -7.3% |
| Land and buildings | 22 | €1,109,703 | €1,029,462 | -€80,240 | -7.2% |
| Furniture and vehicles | 24 | €2,565 | €1,784 | -€782 | -30.5% |
| Financial fixed assets | 28 | €1,200,000 | €1,300,000 | +€100,000 | +8.3% |
| Current assets | 29/58 | €578,175 | €713,556 | +€135,380 | +23.4% |
| Stocks and contracts in progress | 3 | €423,546 | €0 | -€423,546 | -100.0% |
| Stocks | 30/36 | €423,546 | €0 | -€423,546 | -100.0% |
| Amounts receivable within one year | 40/41 | €18,156 | €683,000 | +€664,844 | +3661.8% |
| Trade receivables | 40 | €17,634 | €0 | -€17,634 | -100.0% |
| Other amounts receivable | 41 | €522 | €683,000 | +€682,478 | +130622.7% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €131,923 | €29,083 | -€102,840 | -78.0% |
| Deferred charges and accrued income | 490/1 | €4,551 | €1,473 | -€3,078 | -67.6% |
| Total equity and liabilities | 10/49 | €2,890,443 | €3,044,802 | +€154,358 | +5.3% |
| Equity | 10/15 | €676,676 | €842,019 | +€165,343 | +24.4% |
| Contributions | 10/11 | €88,810 | €88,810 | = | 0.0% |
| Reserves | 13 | €99,751 | €95,824 | -€3,927 | -3.9% |
| Tax-exempt reserves | 132 | €90,870 | €86,943 | -€3,927 | -4.3% |
| Distributable reserves | 133 | €8,881 | €8,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | €488,115 | €657,385 | +€169,270 | +34.7% |
| Provisions and deferred taxes | 16 | €23,490 | €22,181 | -€1,309 | -5.6% |
| Deferred taxes | 168 | €23,490 | €22,181 | -€1,309 | -5.6% |
| Amounts payable | 17/49 | €2,190,278 | €2,180,602 | -€9,675 | -0.4% |
| Amounts payable after more than one year | 17 | €1,358,377 | €1,161,005 | -€197,372 | -14.5% |
| Financial debts | 170/4 | €1,358,377 | €1,157,405 | -€200,972 | -14.8% |
| Other amounts payable | 178/9 | - | €3,600 | +€3,600 | |
| Amounts payable within one year | 42/48 | €831,901 | €1,019,598 | +€187,697 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €63,286 | €154,744 | +€91,458 | +144.5% |
| Financial debts | 43 | €375,000 | €462,000 | +€87,000 | +23.2% |
| Credit institutions | 430/8 | - | €0 | = | |
| Other loans | 439 | €375,000 | €462,000 | +€87,000 | +23.2% |
| Trade debts | 44 | €9,232 | €1,198 | -€8,034 | -87.0% |
| Suppliers | 440/4 | €9,232 | €1,198 | -€8,034 | -87.0% |
| Taxes, remuneration and social security | 45 | €34,383 | €47,110 | +€12,727 | +37.0% |
| Taxes | 450/3 | €34,383 | €47,110 | +€12,727 | +37.0% |
| Other amounts payable | 47/48 | €350,000 | €354,546 | +€4,546 | +1.3% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Turnover | 70 | - | €764,430 | +€764,430 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €427,604 | +€427,604 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,491 | €81,022 | -€2,469 | -3.0% |
| Other operating charges | 640/8 | €110,038 | €38,140 | -€71,898 | -65.3% |
| Gross operating margin | 9900 | €263,305 | €374,047 | +€110,742 | +42.1% |
| Operating profit (loss) | 9901 | €69,776 | €254,885 | +€185,109 | +265.3% |
| Financial income | 75/76B | €44 | - | -€44 | |
| Recurring financial income | 75 | €44 | - | -€44 | |
| Financial charges | 65/66B | €34,529 | €30,453 | -€4,075 | -11.8% |
| Recurring financial charges | 65 | €34,529 | €30,453 | -€4,075 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €35,291 | €224,431 | +€189,141 | +536.0% |
| Transfer from deferred taxes | 780 | €1,309 | €1,309 | = | 0.0% |
| Income taxes | 67/77 | €11,707 | €60,397 | +€48,690 | +415.9% |
| Profit (loss) for the period | 9904 | €24,892 | €165,343 | +€140,451 | +564.2% |
| Transfer from tax-exempt reserves | 789 | €3,927 | €3,927 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,819 | €169,270 | +€140,451 | +487.3% |
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 6 October 2026 via checked.be.