MAGISTRA GROUP: 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.
MAGISTRA GROUP
Largest movements
- Cash -€78,777
down €78,777 (-100.0%), from €78,787 to €10
mainly Trade debts (-€75,170) and Net result for the year (-€4,296)
- Trade debts -€75,170
down €75,170 (-55.3%), from €135,836 to €60,666
- Write-downs -€2.9m
no longer reported in 2025 (was €2.9m)
- Financial charges -€560,265
down €560,265 (-100.0%), from €560,310 to €45
of which Non-recurring financial charges: -€560,304
- Gross operating margin -€36,794
down €36,794, from €33,686 to -€3,108
- Other operating charges -€989
down €989 (-46.4%), from €2,131 to €1,143
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 | €583,551 | €504,085 | -€79,465 | -13.6% |
| Fixed assets | 21/28 | €1 | €1 | = | 0.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €583,550 | €504,084 | -€79,465 | -13.6% |
| Amounts receivable within one year | 40/41 | €504,762 | €504,074 | -€688 | -0.1% |
| Other amounts receivable | 41 | €504,762 | €504,074 | -€688 | -0.1% |
| Cash at bank and in hand | 54/58 | €78,787 | €10 | -€78,777 | -100.0% |
| Total equity and liabilities | 10/49 | €583,551 | €504,085 | -€79,465 | -13.6% |
| Equity | 10/15 | €447,715 | €443,419 | -€4,296 | -1.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €382,715 | €382,715 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €376,215 | €376,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,296 | -€4,296 | |
| Amounts payable | 17/49 | €135,836 | €60,666 | -€75,170 | -55.3% |
| Amounts payable within one year | 42/48 | €135,836 | €60,666 | -€75,170 | -55.3% |
| Trade debts | 44 | €135,836 | €60,666 | -€75,170 | -55.3% |
| Suppliers | 440/4 | €135,836 | €60,666 | -€75,170 | -55.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,896,181 | - | -€2.9m | |
| Other operating charges | 640/8 | €2,131 | €1,143 | -€989 | -46.4% |
| Gross operating margin | 9900 | €33,686 | -€3,108 | -€36,794 | |
| Operating profit (loss) | 9901 | -€2,864,626 | -€4,251 | +€2.9m | +99.9% |
| Financial charges | 65/66B | €560,310 | €45 | -€560,265 | -100.0% |
| Recurring financial charges | 65 | €6 | €45 | +€39 | +609% |
| Non-recurring financial charges | 66B | €560,304 | - | -€560,304 | |
| Profit (loss) for the period before taxes | 9903 | -€3,424,936 | -€4,296 | +€3.4m | +99.9% |
| Profit (loss) for the period | 9904 | -€3,424,936 | -€4,296 | +€3.4m | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,424,936 | -€4,296 | +€3.4m | +99.9% |
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 28 October 2026 via checked.be.