MAGIN: 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.
MAGIN
Largest movements
- Receivables within one year -€2,590
down €2,590 (-21.6%), from €11,983 to €9,394
- Tangible fixed assets +€1,656
up €1,656 (+15.7%), from €10,534 to €12,190
of which Plant, machinery and equipment: +€2,898
- Cash +€770
up €770 (+43.0%), from €1,790 to €2,559
mainly Depreciation (+€3,501) and Other debts (+€3,157)
- Other debts +€3,157
up €3,157 (+11.8%), from €26,733 to €29,891
- Trade debts -€2,828
down €2,828 (-46.8%), from €6,040 to €3,212
- Tax, wage and social debts -€485
down €485 (-7.7%), from €6,328 to €5,844
of which Remuneration and social security: -€318
- Gross operating margin +€7,484
up €7,484, from -€1,907 to €5,577
- Other operating charges -€1,695
down €1,695 (-75.9%), from €2,234 to €539
- Financial charges +€617
up €617 (+253.2%), from €244 to €861
- Taxes +€557
new in 2025: €557
- Depreciation -€89
down €89 (-2.5%), from €3,589 to €3,501
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 | €25,276 | €25,264 | -€12 | 0.0% |
| Fixed assets | 21/28 | €10,534 | €12,190 | +€1,656 | +15.7% |
| Tangible fixed assets | 22/27 | €10,534 | €12,190 | +€1,656 | +15.7% |
| Plant, machinery and equipment | 23 | €4,162 | €7,061 | +€2,898 | +69.6% |
| Furniture and vehicles | 24 | €3,722 | €2,479 | -€1,242 | -33.4% |
| Other tangible fixed assets | 26 | €2,650 | €2,650 | = | 0.0% |
| Current assets | 29/58 | €14,742 | €13,074 | -€1,668 | -11.3% |
| Amounts receivable within one year | 40/41 | €11,983 | €9,394 | -€2,590 | -21.6% |
| Trade receivables | 40 | €11,983 | €9,394 | -€2,590 | -21.6% |
| Cash at bank and in hand | 54/58 | €1,790 | €2,559 | +€770 | +43.0% |
| Deferred charges and accrued income | 490/1 | €969 | €1,120 | +€152 | +15.6% |
| Total equity and liabilities | 10/49 | €25,276 | €25,264 | -€12 | 0.0% |
| Equity | 10/15 | -€13,825 | -€13,682 | +€143 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,025 | -€19,882 | +€143 | +0.7% |
| Amounts payable | 17/49 | €39,101 | €38,946 | -€156 | -0.4% |
| Amounts payable within one year | 42/48 | €39,101 | €38,946 | -€156 | -0.4% |
| Trade debts | 44 | €6,040 | €3,212 | -€2,828 | -46.8% |
| Suppliers | 440/4 | €6,040 | €3,212 | -€2,828 | -46.8% |
| Taxes, remuneration and social security | 45 | €6,328 | €5,844 | -€485 | -7.7% |
| Taxes | 450/3 | €6,010 | €5,844 | -€166 | -2.8% |
| Remuneration and social security | 454/9 | €318 | - | -€318 | |
| Other amounts payable | 47/48 | €26,733 | €29,891 | +€3,157 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,589 | €3,501 | -€89 | -2.5% |
| Other operating charges | 640/8 | €2,234 | €539 | -€1,695 | -75.9% |
| Gross operating margin | 9900 | -€1,907 | €5,577 | +€7,484 | |
| Operating profit (loss) | 9901 | -€7,730 | €1,537 | +€9,267 | |
| Financial income | 75/76B | €69 | €24 | -€45 | -65.6% |
| Recurring financial income | 75 | €69 | €24 | -€45 | -65.6% |
| Financial charges | 65/66B | €244 | €861 | +€617 | +253.2% |
| Recurring financial charges | 65 | €244 | €861 | +€617 | +253.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,905 | €700 | +€8,605 | |
| Income taxes | 67/77 | - | €557 | +€557 | |
| Profit (loss) for the period | 9904 | -€7,905 | €143 | +€8,048 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,905 | €143 | +€8,048 |
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 10 October 2026 via checked.be.