Magistral Oversight: 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.
Magistral Oversight
Largest movements
- Cash -€106,059
down €106,059 (-66.6%), from €159,290 to €53,231
mainly Receivables within one year (-€40,969) and Current investments (-€33,565)
- Receivables within one year +€40,969
up €40,969 (+97.1%), from €42,199 to €83,168
of which Other amounts receivable: +€53,751
- Current investments +€33,565
up €33,565 (+42.5%), from €79,018 to €112,582
- Tangible fixed assets +€17,958
up €17,958 (+998%), from €1,800 to €19,758
- Intangible fixed assets -€4,447
no longer reported in 2025 (was €4,447)
- Tax, wage and social debts -€21,700
down €21,700 (-70.5%), from €30,787 to €9,087
- Profit (loss) carried forward +€3,937
up €3,937 (+2.1%), from €187,466 to €191,402
- Gross operating margin -€122,626
down €122,626 (-89.0%), from €137,793 to €15,167
- Taxes -€23,909
down €23,909 (-96.4%), from €24,807 to €898
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 | €286,754 | €268,991 | -€17,763 | -6.2% |
| Fixed assets | 21/28 | €6,247 | €19,758 | +€13,511 | +216% |
| Intangible fixed assets | 21 | €4,447 | - | -€4,447 | |
| Tangible fixed assets | 22/27 | €1,800 | €19,758 | +€17,958 | +998% |
| Furniture and vehicles | 24 | €1,800 | €19,758 | +€17,958 | +998% |
| Current assets | 29/58 | €280,507 | €249,233 | -€31,274 | -11.1% |
| Amounts receivable within one year | 40/41 | €42,199 | €83,168 | +€40,969 | +97.1% |
| Trade receivables | 40 | €14,316 | €1,534 | -€12,782 | -89.3% |
| Other amounts receivable | 41 | €27,883 | €81,634 | +€53,751 | +193% |
| Current investments | 50/53 | €79,018 | €112,582 | +€33,565 | +42.5% |
| Cash at bank and in hand | 54/58 | €159,290 | €53,231 | -€106,059 | -66.6% |
| Deferred charges and accrued income | 490/1 | - | €252 | +€252 | |
| Total equity and liabilities | 10/49 | €286,754 | €268,991 | -€17,763 | -6.2% |
| Equity | 10/15 | €255,967 | €259,904 | +€3,937 | +1.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €63,502 | €63,502 | = | 0.0% |
| Distributable reserves | 133 | €63,502 | €63,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,466 | €191,402 | +€3,937 | +2.1% |
| Amounts payable | 17/49 | €30,787 | €9,087 | -€21,700 | -70.5% |
| Amounts payable within one year | 42/48 | €30,787 | €9,087 | -€21,700 | -70.5% |
| Taxes, remuneration and social security | 45 | €30,787 | €9,087 | -€21,700 | -70.5% |
| Taxes | 450/3 | €30,787 | €9,087 | -€21,700 | -70.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,551 | €10,242 | -€1,310 | -11.3% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €137,793 | €15,167 | -€122,626 | -89.0% |
| Operating profit (loss) | 9901 | €126,242 | €4,525 | -€121,716 | -96.4% |
| Financial income | 75/76B | €1,829 | €1,329 | -€500 | -27.3% |
| Recurring financial income | 75 | €1,829 | €1,329 | -€500 | -27.3% |
| Financial charges | 65/66B | €992 | €1,020 | +€28 | +2.8% |
| Recurring financial charges | 65 | €992 | €1,020 | +€28 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €127,078 | €4,834 | -€122,244 | -96.2% |
| Income taxes | 67/77 | €24,807 | €898 | -€23,909 | -96.4% |
| Profit (loss) for the period | 9904 | €102,271 | €3,937 | -€98,335 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €102,271 | €3,937 | -€98,335 | -96.2% |
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 25 October 2026 via checked.be.