MAGIVA: 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.
MAGIVA
Largest movements
- Receivables within one year +€32,441
up €32,441 (+222%), from €14,590 to €47,031
of which Trade receivables: +€24,924
- Tangible fixed assets -€5,553
down €5,553 (-23.7%), from €23,389 to €17,836
of which Furniture and vehicles: -€3,936
- Cash -€4,441
down €4,441 (-38.8%), from €11,432 to €6,991
mainly Receivables within one year (-€32,441) and Other debts (-€6,056)
- Stocks and contracts +€3,296
up €3,296 (+3.7%), from €88,167 to €91,463
- Deferred charges and accrued income +€2,500
new in 2025: €2,500
- Trade debts +€42,742
up €42,742 (+41.6%), from €102,637 to €145,379
- Other debts -€6,056
down €6,056 (-24.4%), from €24,789 to €18,733
- Profit (loss) carried forward -€3,728
down €3,728 (-5.4%), from -€69,011 to -€72,739
- Accrued charges and deferred income -€2,750
down €2,750 (-33.3%), from €8,250 to €5,500
- Debts after one year -€2,257
down €2,257 (-79.9%), from €2,826 to €569
- Staff costs +€67,505
up €67,505 (+101%), from €66,668 to €134,173
- Gross operating margin +€52,604
up €52,604 (+56.5%), from €93,132 to €145,736
- Depreciation -€4,520
down €4,520 (-58.1%), from €7,777 to €3,257
- Taxes -€3,088
down €3,088 (-58.8%), from €5,250 to €2,162
- Financial charges +€2,528
up €2,528 (+57.9%), from €4,369 to €6,897
of which Non-recurring financial charges: +€3,855
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 | €140,507 | €168,745 | +€28,238 | +20.1% |
| Fixed assets | 21/28 | €26,318 | €20,760 | -€5,558 | -21.1% |
| Tangible fixed assets | 22/27 | €23,389 | €17,836 | -€5,553 | -23.7% |
| Plant, machinery and equipment | 23 | €11,196 | €10,864 | -€332 | -3.0% |
| Furniture and vehicles | 24 | €5,213 | €1,277 | -€3,936 | -75.5% |
| Other tangible fixed assets | 26 | €6,980 | €5,695 | -€1,285 | -18.4% |
| Financial fixed assets | 28 | €2,929 | €2,924 | -€5 | -0.2% |
| Current assets | 29/58 | €114,189 | €147,985 | +€33,796 | +29.6% |
| Stocks and contracts in progress | 3 | €88,167 | €91,463 | +€3,296 | +3.7% |
| Stocks | 30/36 | €88,167 | €91,463 | +€3,296 | +3.7% |
| Amounts receivable within one year | 40/41 | €14,590 | €47,031 | +€32,441 | +222% |
| Trade receivables | 40 | €12,542 | €37,466 | +€24,924 | +199% |
| Other amounts receivable | 41 | €2,048 | €9,565 | +€7,517 | +367% |
| Cash at bank and in hand | 54/58 | €11,432 | €6,991 | -€4,441 | -38.8% |
| Deferred charges and accrued income | 490/1 | - | €2,500 | +€2,500 | |
| Total equity and liabilities | 10/49 | €140,507 | €168,745 | +€28,238 | +20.1% |
| Equity | 10/15 | -€15,411 | -€19,139 | -€3,728 | -24.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35,000 | - | -€35,000 | |
| Other | 1319 | €35,000 | - | -€35,000 | |
| Distributable reserves | 133 | - | €35,000 | +€35,000 | |
| Profit (loss) carried forward | 14 | -€69,011 | -€72,739 | -€3,728 | -5.4% |
| Amounts payable | 17/49 | €155,918 | €187,884 | +€31,966 | +20.5% |
| Amounts payable after more than one year | 17 | €2,826 | €569 | -€2,257 | -79.9% |
| Financial debts | 170/4 | €2,826 | €569 | -€2,257 | -79.9% |
| Amounts payable within one year | 42/48 | €144,842 | €181,815 | +€36,973 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €3,557 | €2,257 | -€1,300 | -36.5% |
| Trade debts | 44 | €102,637 | €145,379 | +€42,742 | +41.6% |
| Suppliers | 440/4 | €102,637 | €145,379 | +€42,742 | +41.6% |
| Taxes, remuneration and social security | 45 | €13,859 | €15,446 | +€1,587 | +11.5% |
| Taxes | 450/3 | €10,044 | €8,144 | -€1,900 | -18.9% |
| Remuneration and social security | 454/9 | €3,815 | €7,302 | +€3,487 | +91.4% |
| Other amounts payable | 47/48 | €24,789 | €18,733 | -€6,056 | -24.4% |
| Accrued charges and deferred income | 492/3 | €8,250 | €5,500 | -€2,750 | -33.3% |
| Remuneration, social security and pensions | 62 | €66,668 | €134,173 | +€67,505 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,777 | €3,257 | -€4,520 | -58.1% |
| Other operating charges | 640/8 | €3,543 | €2,989 | -€554 | -15.6% |
| Gross operating margin | 9900 | €93,132 | €145,736 | +€52,604 | +56.5% |
| Operating profit (loss) | 9901 | €15,144 | €5,317 | -€9,827 | -64.9% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €4,369 | €6,897 | +€2,528 | +57.9% |
| Recurring financial charges | 65 | €4,369 | €3,042 | -€1,327 | -30.4% |
| Non-recurring financial charges | 66B | - | €3,855 | +€3,855 | |
| Profit (loss) for the period before taxes | 9903 | €10,775 | -€1,567 | -€12,342 | |
| Income taxes | 67/77 | €5,250 | €2,162 | -€3,088 | -58.8% |
| Profit (loss) for the period | 9904 | €5,525 | -€3,729 | -€9,254 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,525 | -€3,729 | -€9,254 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.