MAGINET BJORN: 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.
MAGINET BJORN
Largest movements
- Cash -€108,028
down €108,028 (-45.3%), from €238,667 to €130,639
mainly Contributions, distributions and other (-€176,471) and Stocks and contracts (-€29,465)
- Stocks and contracts +€29,465
up €29,465 (+7.2%), from €410,027 to €439,493
- Receivables within one year -€15,461
down €15,461 (-25.5%), from €60,689 to €45,227
of which Other amounts receivable: -€9,903
- Profit (loss) carried forward -€89,484
down €89,484 (-34.8%), from €257,315 to €167,831
- Gross operating margin +€33,196
up €33,196 (+37.1%), from €89,477 to €122,673
- Taxes +€9,516
up €9,516 (+46.4%), from €20,488 to €30,004
- Depreciation -€4,931
down €4,931 (-68.1%), from €7,238 to €2,307
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 | €717,721 | €621,456 | -€96,265 | -13.4% |
| Fixed assets | 21/28 | €7,139 | €4,833 | -€2,307 | -32.3% |
| Tangible fixed assets | 22/27 | €7,139 | €4,833 | -€2,307 | -32.3% |
| Land and buildings | 22 | €4,311 | €3,376 | -€935 | -21.7% |
| Plant, machinery and equipment | 23 | €2,828 | €1,457 | -€1,371 | -48.5% |
| Current assets | 29/58 | €710,581 | €616,623 | -€93,959 | -13.2% |
| Stocks and contracts in progress | 3 | €410,027 | €439,493 | +€29,465 | +7.2% |
| Stocks | 30/36 | €410,027 | €439,493 | +€29,465 | +7.2% |
| Amounts receivable within one year | 40/41 | €60,689 | €45,227 | -€15,461 | -25.5% |
| Trade receivables | 40 | €46,661 | €41,103 | -€5,558 | -11.9% |
| Other amounts receivable | 41 | €14,028 | €4,124 | -€9,903 | -70.6% |
| Cash at bank and in hand | 54/58 | €238,667 | €130,639 | -€108,028 | -45.3% |
| Deferred charges and accrued income | 490/1 | €1,199 | €1,264 | +€66 | +5.5% |
| Total equity and liabilities | 10/49 | €717,721 | €621,456 | -€96,265 | -13.4% |
| Equity | 10/15 | €262,315 | €172,831 | -€89,484 | -34.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,315 | €167,831 | -€89,484 | -34.8% |
| Amounts payable | 17/49 | €455,406 | €448,625 | -€6,781 | -1.5% |
| Amounts payable within one year | 42/48 | €443,406 | €442,625 | -€781 | -0.2% |
| Trade debts | 44 | €44,429 | €50,465 | +€6,036 | +13.6% |
| Suppliers | 440/4 | €44,429 | €50,465 | +€6,036 | +13.6% |
| Taxes, remuneration and social security | 45 | €25,365 | €23,221 | -€2,144 | -8.5% |
| Taxes | 450/3 | €14,034 | €17,492 | +€3,459 | +24.6% |
| Remuneration and social security | 454/9 | €11,331 | €5,729 | -€5,602 | -49.4% |
| Other amounts payable | 47/48 | €373,612 | €368,939 | -€4,674 | -1.3% |
| Accrued charges and deferred income | 492/3 | €12,000 | €6,000 | -€6,000 | -50.0% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,238 | €2,307 | -€4,931 | -68.1% |
| Other operating charges | 640/8 | €2,424 | €3,112 | +€688 | +28.4% |
| Gross operating margin | 9900 | €89,477 | €122,673 | +€33,196 | +37.1% |
| Operating profit (loss) | 9901 | €79,815 | €117,254 | +€37,439 | +46.9% |
| Financial income | 75/76B | €16 | €1 | -€15 | -94.8% |
| Recurring financial income | 75 | €16 | €1 | -€15 | -94.8% |
| Financial charges | 65/66B | €115 | €264 | +€149 | +130% |
| Recurring financial charges | 65 | €115 | €264 | +€149 | +130% |
| Profit (loss) for the period before taxes | 9903 | €79,716 | €116,991 | +€37,275 | +46.8% |
| Income taxes | 67/77 | €20,488 | €30,004 | +€9,516 | +46.4% |
| Profit (loss) for the period | 9904 | €59,227 | €86,987 | +€27,759 | +46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,227 | €86,987 | +€27,759 | +46.9% |
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 20 October 2026 via checked.be.