MAGISTER LABS: what changed
MAGISTER LABS
Largest movements
- Current investments +€94,401
up €94,401 (+244%), from €38,630 to €133,031
- Receivables within one year +€59,335
up €59,335 (+53.0%), from €112,056 to €171,391
of which Trade receivables: +€60,431
- Financial fixed assets -€49,315
down €49,315 (-75.8%), from €65,073 to €15,758
- Tangible fixed assets -€9,975
down €9,975 (-32.1%), from €31,084 to €21,109
of which Furniture and vehicles: -€9,259
- Trade debts +€89,649
up €89,649 (+80.0%), from €112,021 to €201,670
- Tax, wage and social debts +€42,207
up €42,207 (+533%), from €7,917 to €50,124
of which Taxes: +€26,542
- Profit (loss) carried forward -€31,067
down €31,067 (-57.6%), from €53,924 to €22,857
- Other debts -€7,367
down €7,367 (-74.0%), from €9,957 to €2,590
- Financial charges -€73,760
down €73,760 (-99.3%), from €74,307 to €547
of which Non-recurring financial charges: -€73,125
- Gross operating margin -€38,915
down €38,915 (-85.4%), from €45,542 to €6,627
- Taxes +€19,399
up €19,399 (+323%), from €6,005 to €25,404
- Depreciation -€4,403
down €4,403 (-29.4%), from €14,988 to €10,585
- Staff costs -€2,000
no longer reported in 2025 (was €2,000)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,219 | €346,641 | +€93,422 | +36.9% |
| Fixed assets | 21/28 | €96,156 | €36,866 | -€59,290 | -61.7% |
| Tangible fixed assets | 22/27 | €31,084 | €21,109 | -€9,975 | -32.1% |
| Plant, machinery and equipment | 23 | €10,306 | €9,589 | -€717 | -7.0% |
| Furniture and vehicles | 24 | €20,778 | €11,519 | -€9,259 | -44.6% |
| Financial fixed assets | 28 | €65,073 | €15,758 | -€49,315 | -75.8% |
| Current assets | 29/58 | €157,063 | €309,775 | +€152,712 | +97.2% |
| Amounts receivable within one year | 40/41 | €112,056 | €171,391 | +€59,335 | +53.0% |
| Trade receivables | 40 | €110,960 | €171,391 | +€60,431 | +54.5% |
| Other amounts receivable | 41 | €1,096 | - | -€1,096 | |
| Current investments | 50/53 | €38,630 | €133,031 | +€94,401 | +244% |
| Cash at bank and in hand | 54/58 | €5,077 | €4,220 | -€858 | -16.9% |
| Deferred charges and accrued income | 490/1 | €1,299 | €1,134 | -€165 | -12.7% |
| Total equity and liabilities | 10/49 | €253,219 | €346,641 | +€93,422 | +36.9% |
| Equity | 10/15 | €123,324 | €92,257 | -€31,067 | -25.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €57,000 | €57,000 | = | 0.0% |
| Distributable reserves | 133 | €57,000 | €57,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,924 | €22,857 | -€31,067 | -57.6% |
| Amounts payable | 17/49 | €129,895 | €254,384 | +€124,489 | +95.8% |
| Amounts payable within one year | 42/48 | €129,895 | €254,384 | +€124,489 | +95.8% |
| Trade debts | 44 | €112,021 | €201,670 | +€89,649 | +80.0% |
| Suppliers | 440/4 | €112,021 | €201,670 | +€89,649 | +80.0% |
| Taxes, remuneration and social security | 45 | €7,917 | €50,124 | +€42,207 | +533% |
| Taxes | 450/3 | €7,917 | €34,459 | +€26,542 | +335% |
| Remuneration and social security | 454/9 | - | €15,665 | +€15,665 | |
| Other amounts payable | 47/48 | €9,957 | €2,590 | -€7,367 | -74.0% |
| Non-recurring operating income | 76A | - | €19,600 | +€19,600 | |
| Remuneration, social security and pensions | 62 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,988 | €10,585 | -€4,403 | -29.4% |
| Other operating charges | 640/8 | €2,160 | €1,316 | -€843 | -39.0% |
| Gross operating margin | 9900 | €45,542 | €6,627 | -€38,915 | -85.4% |
| Operating profit (loss) | 9901 | €26,394 | -€5,274 | -€31,669 | |
| Financial income | 75/76B | €870 | €158 | -€712 | -81.9% |
| Recurring financial income | 75 | €870 | €158 | -€712 | -81.9% |
| Financial charges | 65/66B | €74,307 | €547 | -€73,760 | -99.3% |
| Recurring financial charges | 65 | €1,181 | €547 | -€634 | -53.7% |
| Non-recurring financial charges | 66B | €73,125 | - | -€73,125 | |
| Profit (loss) for the period before taxes | 9903 | -€47,042 | -€5,664 | +€41,379 | +88.0% |
| Income taxes | 67/77 | €6,005 | €25,404 | +€19,399 | +323% |
| Profit (loss) for the period | 9904 | -€53,047 | -€31,067 | +€21,980 | +41.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,047 | -€31,067 | +€21,980 | +41.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.