MAGINO: 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.
MAGINO
Largest movements
- Stocks and contracts +€7,257
up €7,257 (+40.4%), from €17,963 to €25,220
- Cash -€3,431
down €3,431 (-40.5%), from €8,464 to €5,033
mainly Stocks and contracts (-€7,257) and Other debts (-€486)
- Tangible fixed assets -€1,392
down €1,392 (-13.3%), from €10,447 to €9,055
- Deferred charges and accrued income -€468
no longer reported in 2025 (was €468)
- Trade debts +€1,481
up €1,481 (+71.7%), from €2,067 to €3,549
- Reserves +€576
up €576 (+22.1%), from €2,614 to €3,191
- Other debts -€486
down €486 (-1.8%), from €27,625 to €27,139
- Depreciation -€3,397
down €3,397 (-70.9%), from €4,789 to €1,392
- Staff costs +€2,937
up €2,937 (+14.2%), from €20,616 to €23,554
- Gross operating margin -€1,556
down €1,556 (-5.0%), from €31,164 to €29,608
- Financial charges +€1,145
up €1,145 (+70.5%), from €1,624 to €2,769
- Taxes -€337
down €337 (-28.6%), from €1,177 to €840
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 | €41,335 | €43,052 | +€1,716 | +4.2% |
| Fixed assets | 21/28 | €13,973 | €12,581 | -€1,392 | -10.0% |
| Tangible fixed assets | 22/27 | €10,447 | €9,055 | -€1,392 | -13.3% |
| Plant, machinery and equipment | 23 | €10,447 | €9,055 | -€1,392 | -13.3% |
| Financial fixed assets | 28 | €3,526 | €3,526 | = | 0.0% |
| Current assets | 29/58 | €27,362 | €30,471 | +€3,108 | +11.4% |
| Stocks and contracts in progress | 3 | €17,963 | €25,220 | +€7,257 | +40.4% |
| Stocks | 30/36 | €17,963 | €25,220 | +€7,257 | +40.4% |
| Amounts receivable within one year | 40/41 | €468 | €218 | -€250 | -53.4% |
| Other amounts receivable | 41 | €468 | €218 | -€250 | -53.4% |
| Cash at bank and in hand | 54/58 | €8,464 | €5,033 | -€3,431 | -40.5% |
| Deferred charges and accrued income | 490/1 | €468 | - | -€468 | |
| Total equity and liabilities | 10/49 | €41,335 | €43,052 | +€1,716 | +4.2% |
| Equity | 10/15 | €7,614 | €8,191 | +€576 | +7.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,614 | €3,191 | +€576 | +22.1% |
| Distributable reserves | 133 | €2,614 | €3,191 | +€576 | +22.1% |
| Amounts payable | 17/49 | €33,721 | €34,861 | +€1,140 | +3.4% |
| Amounts payable within one year | 42/48 | €33,721 | €34,861 | +€1,140 | +3.4% |
| Trade debts | 44 | €2,067 | €3,549 | +€1,481 | +71.7% |
| Suppliers | 440/4 | €2,067 | €3,549 | +€1,481 | +71.7% |
| Taxes, remuneration and social security | 45 | €4,029 | €4,173 | +€144 | +3.6% |
| Taxes | 450/3 | €1,522 | €1,509 | -€14 | -0.9% |
| Remuneration and social security | 454/9 | €2,507 | €2,664 | +€158 | +6.3% |
| Other amounts payable | 47/48 | €27,625 | €27,139 | -€486 | -1.8% |
| Remuneration, social security and pensions | 62 | €20,616 | €23,554 | +€2,937 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,789 | €1,392 | -€3,397 | -70.9% |
| Other operating charges | 640/8 | €629 | €615 | -€13 | -2.1% |
| Gross operating margin | 9900 | €31,164 | €29,608 | -€1,556 | -5.0% |
| Operating profit (loss) | 9901 | €5,131 | €4,048 | -€1,083 | -21.1% |
| Financial income | 75/76B | €284 | €139 | -€146 | -51.3% |
| Recurring financial income | 75 | €284 | €139 | -€146 | -51.3% |
| Financial charges | 65/66B | €1,624 | €2,769 | +€1,145 | +70.5% |
| Recurring financial charges | 65 | €1,624 | €2,769 | +€1,145 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | €3,792 | €1,417 | -€2,375 | -62.6% |
| Income taxes | 67/77 | €1,177 | €840 | -€337 | -28.6% |
| Profit (loss) for the period | 9904 | €2,614 | €576 | -€2,038 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,614 | €576 | -€2,038 | -77.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.