MagMA: 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.
MagMA
Largest movements
- Receivables after one year +€40,636
up €40,636 (+20.2%), from €200,794 to €241,429
- Cash -€38,327
down €38,327 (-97.2%), from €39,435 to €1,108
mainly Receivables after one year (-€40,636) and Debts after one year (-€16,485)
- Receivables within one year +€12,380
up €12,380 (+9.1%), from €136,444 to €148,824
of which Other amounts receivable: +€10,020
- Tangible fixed assets -€8,588
down €8,588 (-20.8%), from €41,339 to €32,751
- Profit (loss) carried forward +€33,674
up €33,674 (+521%), from €6,463 to €40,137
- Debts after one year -€16,485
down €16,485 (-85.5%), from €19,291 to €2,806
- Other debts -€13,476
down €13,476 (-4.4%), from €307,262 to €293,785
- Gross operating margin -€13,843
down €13,843 (-26.5%), from €52,335 to €38,492
- Taxes -€4,267
down €4,267 (-27.6%), from €15,479 to €11,212
- Depreciation +€3,661
up €3,661 (+61.6%), from €5,942 to €9,604
- Other operating charges -€3,410
down €3,410 (-82.4%), from €4,140 to €730
- Purchases and services -€1,610
down €1,610 (-10.1%), from €15,968 to €14,358
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 | €418,912 | €425,012 | +€6,100 | +1.5% |
| Fixed assets | 21/28 | €42,239 | €33,651 | -€8,588 | -20.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €41,339 | €32,751 | -€8,588 | -20.8% |
| Furniture and vehicles | 24 | €41,339 | €32,751 | -€8,588 | -20.8% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €376,673 | €391,361 | +€14,688 | +3.9% |
| Amounts receivable after more than one year | 29 | €200,794 | €241,429 | +€40,636 | +20.2% |
| Other amounts receivable | 291 | €200,794 | €241,429 | +€40,636 | +20.2% |
| Amounts receivable within one year | 40/41 | €136,444 | €148,824 | +€12,380 | +9.1% |
| Trade receivables | 40 | €1,181 | €3,542 | +€2,360 | +200% |
| Other amounts receivable | 41 | €135,262 | €145,282 | +€10,020 | +7.4% |
| Cash at bank and in hand | 54/58 | €39,435 | €1,108 | -€38,327 | -97.2% |
| Total equity and liabilities | 10/49 | €418,912 | €425,012 | +€6,100 | +1.5% |
| Equity | 10/15 | €70,689 | €104,363 | +€33,674 | +47.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | - | €61,973 | +€61,973 | |
| Issued capital | 100 | - | €61,973 | +€61,973 | |
| Reserves | 13 | €2,252 | €2,252 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,252 | €2,252 | = | 0.0% |
| Legal reserve | 130 | - | €2,252 | +€2,252 | |
| Reserves not available under the articles | 1311 | €2,252 | - | -€2,252 | |
| Profit (loss) carried forward | 14 | €6,463 | €40,137 | +€33,674 | +521% |
| Provisions and deferred taxes | 16 | €0 | €0 | = | |
| Provisions for liabilities and charges | 160/5 | €0 | €0 | = | |
| Environmental obligations | 163 | €0 | €0 | = | |
| Amounts payable | 17/49 | €348,223 | €320,650 | -€27,574 | -7.9% |
| Amounts payable after more than one year | 17 | €19,291 | €2,806 | -€16,485 | -85.5% |
| Financial debts | 170/4 | €19,291 | €2,806 | -€16,485 | -85.5% |
| Amounts payable within one year | 42/48 | €328,919 | €317,843 | -€11,076 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €15,896 | €16,495 | +€598 | +3.8% |
| Trade debts | 44 | €282 | €426 | +€144 | +51.3% |
| Suppliers | 440/4 | €282 | €426 | +€144 | +51.3% |
| Taxes, remuneration and social security | 45 | €5,479 | €7,137 | +€1,658 | +30.3% |
| Taxes | 450/3 | €5,479 | €7,137 | +€1,658 | +30.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €307,262 | €293,785 | -€13,476 | -4.4% |
| Accrued charges and deferred income | 492/3 | €14 | €0 | -€14 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,968 | €14,358 | -€1,610 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,942 | €9,604 | +€3,661 | +61.6% |
| Other operating charges | 640/8 | €4,140 | €730 | -€3,410 | -82.4% |
| Gross operating margin | 9900 | €52,335 | €38,492 | -€13,843 | -26.5% |
| Operating profit (loss) | 9901 | €42,252 | €28,158 | -€14,094 | -33.4% |
| Financial income | 75/76B | €17,921 | €18,224 | +€303 | +1.7% |
| Recurring financial income | 75 | €17,921 | €18,224 | +€303 | +1.7% |
| Financial charges | 65/66B | €1,479 | €1,496 | +€17 | +1.2% |
| Recurring financial charges | 65 | €1,479 | €1,496 | +€17 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €58,695 | €44,886 | -€13,808 | -23.5% |
| Income taxes | 67/77 | €15,479 | €11,212 | -€4,267 | -27.6% |
| Profit (loss) for the period | 9904 | €43,215 | €33,674 | -€9,541 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,215 | €33,674 | -€9,541 | -22.1% |
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 18 October 2026 via checked.be.