MAGISTEC: 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.
MAGISTEC
Largest movements
- Receivables within one year -€14,586
down €14,586 (-55.1%), from €26,473 to €11,887
of which Trade receivables: -€14,643
- Cash +€13,969
up €13,969 (+893%), from €1,564 to €15,533
mainly Receivables within one year (+€14,586) and Net result for the year (+€5,795)
- Tangible fixed assets -€3,757
down €3,757 (-34.1%), from €11,014 to €7,257
- Stocks and contracts -€979
down €979 (-80.0%), from €1,224 to €245
- Deferred charges and accrued income +€531
up €531 (+177%), from €300 to €831
- Other debts -€16,074
down €16,074 (-80.1%), from €20,074 to €4,000
- Profit (loss) carried forward +€5,795
up €5,795 (+165%), from €3,512 to €9,307
- Trade debts +€4,058
up €4,058 (+44.1%), from €9,208 to €13,265
- Tax, wage and social debts +€1,398
up €1,398 (+18.4%), from €7,618 to €9,016
- Financial charges -€5,584
down €5,584 (-97.1%), from €5,754 to €169
of which Non-recurring financial charges: -€5,750
- Gross operating margin +€3,453
up €3,453 (+36.5%), from €9,472 to €12,925
- Financial income -€2,379
no longer reported in 2025 (was €2,379)
of which Non-recurring financial income: -€2,313
- Taxes +€1,080
up €1,080 (+118%), from €914 to €1,995
- Depreciation +€1,032
up €1,032 (+37.8%), from €2,726 to €3,757
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 | €41,411 | €36,588 | -€4,823 | -11.6% |
| Fixed assets | 21/28 | €11,850 | €8,093 | -€3,757 | -31.7% |
| Tangible fixed assets | 22/27 | €11,014 | €7,257 | -€3,757 | -34.1% |
| Furniture and vehicles | 24 | €11,014 | €7,257 | -€3,757 | -34.1% |
| Financial fixed assets | 28 | €836 | €836 | = | 0.0% |
| Current assets | 29/58 | €29,561 | €28,495 | -€1,066 | -3.6% |
| Stocks and contracts in progress | 3 | €1,224 | €245 | -€979 | -80.0% |
| Stocks | 30/36 | €1,224 | €245 | -€979 | -80.0% |
| Amounts receivable within one year | 40/41 | €26,473 | €11,887 | -€14,586 | -55.1% |
| Trade receivables | 40 | €26,473 | €11,829 | -€14,643 | -55.3% |
| Other amounts receivable | 41 | - | €57 | +€57 | |
| Cash at bank and in hand | 54/58 | €1,564 | €15,533 | +€13,969 | +893% |
| Deferred charges and accrued income | 490/1 | €300 | €831 | +€531 | +177% |
| Total equity and liabilities | 10/49 | €41,411 | €36,588 | -€4,823 | -11.6% |
| Equity | 10/15 | €4,512 | €10,307 | +€5,795 | +128% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,512 | €9,307 | +€5,795 | +165% |
| Amounts payable | 17/49 | €36,900 | €26,281 | -€10,618 | -28.8% |
| Amounts payable within one year | 42/48 | €36,900 | €26,281 | -€10,618 | -28.8% |
| Trade debts | 44 | €9,208 | €13,265 | +€4,058 | +44.1% |
| Suppliers | 440/4 | €9,208 | €13,265 | +€4,058 | +44.1% |
| Taxes, remuneration and social security | 45 | €7,618 | €9,016 | +€1,398 | +18.4% |
| Taxes | 450/3 | €7,618 | €9,016 | +€1,398 | +18.4% |
| Other amounts payable | 47/48 | €20,074 | €4,000 | -€16,074 | -80.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,726 | €3,757 | +€1,032 | +37.8% |
| Other operating charges | 640/8 | €1,872 | €1,208 | -€664 | -35.5% |
| Gross operating margin | 9900 | €9,472 | €12,925 | +€3,453 | +36.5% |
| Operating profit (loss) | 9901 | €4,874 | €7,959 | +€3,085 | +63.3% |
| Financial income | 75/76B | €2,379 | - | -€2,379 | |
| Recurring financial income | 75 | €66 | - | -€66 | |
| Non-recurring financial income | 76B | €2,313 | - | -€2,313 | |
| Financial charges | 65/66B | €5,754 | €169 | -€5,584 | -97.1% |
| Recurring financial charges | 65 | €4 | €169 | +€166 | +4,737% |
| Non-recurring financial charges | 66B | €5,750 | - | -€5,750 | |
| Profit (loss) for the period before taxes | 9903 | €1,499 | €7,790 | +€6,291 | +420% |
| Income taxes | 67/77 | €914 | €1,995 | +€1,080 | +118% |
| Profit (loss) for the period | 9904 | €585 | €5,795 | +€5,210 | +891% |
| Profit (loss) for the period to be appropriated | 9905 | €585 | €5,795 | +€5,210 | +891% |
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 19 October 2026 via checked.be.