MAGIS: 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.
MAGIS
Largest movements
- Cash -€47,165
down €47,165 (-9.3%), from €506,221 to €459,056
mainly Net result for the year (-€68,484) and Investment in fixed assets (net) (-€14,085)
- Receivables within one year -€13,003
down €13,003 (-88.2%), from €14,744 to €1,741
of which Other amounts receivable: -€11,548
- Tangible fixed assets -€10,448
down €10,448 (-11.2%), from €93,431 to €82,983
of which Furniture and vehicles: -€6,129
- Reserves -€68,484
down €68,484 (-11.5%), from €597,391 to €528,907
- Gross operating margin -€50,669
down €50,669, from €6,106 to -€44,563
- Depreciation +€2,231
up €2,231 (+10.0%), from €22,302 to €24,533
- Financial charges -€653
down €653 (-34.8%), from €1,876 to €1,223
- Staff costs +€612
up €612, from -€612 to €0
- Other operating charges +€579
up €579, from €0 to €579
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 | €617,628 | €550,366 | -€67,262 | -10.9% |
| Fixed assets | 21/28 | €93,431 | €82,983 | -€10,448 | -11.2% |
| Tangible fixed assets | 22/27 | €93,431 | €82,983 | -€10,448 | -11.2% |
| Land and buildings | 22 | €29,384 | €25,065 | -€4,319 | -14.7% |
| Furniture and vehicles | 24 | €64,048 | €57,919 | -€6,129 | -9.6% |
| Current assets | 29/58 | €524,197 | €467,383 | -€56,814 | -10.8% |
| Amounts receivable within one year | 40/41 | €14,744 | €1,741 | -€13,003 | -88.2% |
| Trade receivables | 40 | €2,250 | €795 | -€1,455 | -64.7% |
| Other amounts receivable | 41 | €12,494 | €946 | -€11,548 | -92.4% |
| Cash at bank and in hand | 54/58 | €506,221 | €459,056 | -€47,165 | -9.3% |
| Deferred charges and accrued income | 490/1 | €3,232 | €6,587 | +€3,355 | +103.8% |
| Total equity and liabilities | 10/49 | €617,628 | €550,366 | -€67,262 | -10.9% |
| Equity | 10/15 | €615,991 | €547,507 | -€68,484 | -11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €597,391 | €528,907 | -€68,484 | -11.5% |
| Distributable reserves | 133 | €597,391 | €528,907 | -€68,484 | -11.5% |
| Amounts payable | 17/49 | €1,637 | €2,860 | +€1,222 | +74.7% |
| Amounts payable within one year | 42/48 | €1,637 | €2,860 | +€1,222 | +74.7% |
| Trade debts | 44 | €1,637 | €2,860 | +€1,222 | +74.7% |
| Suppliers | 440/4 | €1,637 | €2,860 | +€1,222 | +74.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €43,974 | €0 | -€43,974 | -100.0% |
| Remuneration, social security and pensions | 62 | -€612 | €0 | +€612 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,302 | €24,533 | +€2,231 | +10.0% |
| Other operating charges | 640/8 | €0 | €579 | +€579 | |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €6,106 | -€44,563 | -€50,669 | |
| Operating profit (loss) | 9901 | -€15,584 | -€69,675 | -€54,091 | -347.1% |
| Financial income | 75/76B | €2,992 | €2,782 | -€210 | -7.0% |
| Recurring financial income | 75 | €2,992 | €2,782 | -€210 | -7.0% |
| Financial charges | 65/66B | €1,876 | €1,223 | -€653 | -34.8% |
| Recurring financial charges | 65 | €1,876 | €1,223 | -€653 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,467 | -€68,116 | -€53,648 | -370.8% |
| Income taxes | 67/77 | €395 | €369 | -€26 | -6.6% |
| Profit (loss) for the period | 9904 | -€14,862 | -€68,484 | -€53,622 | -360.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,862 | -€68,484 | -€53,622 | -360.8% |
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.