MAGMAN: 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.
MAGMAN
Largest movements
- Cash -€163,687
down €163,687 (-64.1%), from €255,525 to €91,838
mainly Contributions, distributions and other (-€198,119) and Receivables within one year (-€101,507)
- Receivables within one year +€101,507
up €101,507 (+346.2%), from €29,322 to €130,829
of which Trade receivables: +€112,790
- Current investments +€22,500
up €22,500 (+41020.8%), from €55 to €22,555
- Other debts -€29,772
down €29,772 (-12.2%), from €244,225 to €214,454
- Tax, wage and social debts -€26,388
down €26,388 (-67.7%), from €38,973 to €12,584
- Trade debts +€18,169
up €18,169 (+692.7%), from €2,623 to €20,792
- Gross operating margin +€68,688
up €68,688 (+34.8%), from €197,308 to €265,996
- Taxes +€19,283
up €19,283 (+42.8%), from €45,013 to €64,296
- Financial charges -€2,877
down €2,877 (-74.1%), from €3,883 to €1,006
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.
Cash bridge derived
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 | €288,821 | €250,830 | -€37,991 | -13.2% |
| Fixed assets | 21/28 | €3,169 | €4,634 | +€1,465 | +46.2% |
| Tangible fixed assets | 22/27 | €3,169 | €4,634 | +€1,465 | +46.2% |
| Plant, machinery and equipment | 23 | - | €2,619 | +€2,619 | |
| Furniture and vehicles | 24 | €3,169 | €2,015 | -€1,154 | -36.4% |
| Current assets | 29/58 | €285,652 | €246,196 | -€39,456 | -13.8% |
| Amounts receivable within one year | 40/41 | €29,322 | €130,829 | +€101,507 | +346.2% |
| Trade receivables | 40 | €16,335 | €129,125 | +€112,790 | +690.5% |
| Other amounts receivable | 41 | €12,987 | €1,704 | -€11,283 | -86.9% |
| Current investments | 50/53 | €55 | €22,555 | +€22,500 | +41020.8% |
| Cash at bank and in hand | 54/58 | €255,525 | €91,838 | -€163,687 | -64.1% |
| Deferred charges and accrued income | 490/1 | €750 | €974 | +€225 | +30.0% |
| Total equity and liabilities | 10/49 | €288,821 | €250,830 | -€37,991 | -13.2% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €285,821 | €247,830 | -€37,991 | -13.3% |
| Amounts payable within one year | 42/48 | €285,821 | €247,830 | -€37,991 | -13.3% |
| Trade debts | 44 | €2,623 | €20,792 | +€18,169 | +692.7% |
| Suppliers | 440/4 | €2,623 | €20,792 | +€18,169 | +692.7% |
| Taxes, remuneration and social security | 45 | €38,973 | €12,584 | -€26,388 | -67.7% |
| Taxes | 450/3 | €38,973 | €12,584 | -€26,388 | -67.7% |
| Other amounts payable | 47/48 | €244,225 | €214,454 | -€29,772 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €403 | €1,294 | +€891 | +220.8% |
| Other operating charges | 640/8 | €1,476 | €1,313 | -€164 | -11.1% |
| Gross operating margin | 9900 | €197,308 | €265,996 | +€68,688 | +34.8% |
| Operating profit (loss) | 9901 | €195,429 | €263,389 | +€67,961 | +34.8% |
| Financial income | 75/76B | €11 | €32 | +€21 | +189.7% |
| Recurring financial income | 75 | €11 | €32 | +€21 | +189.7% |
| Financial charges | 65/66B | €3,883 | €1,006 | -€2,877 | -74.1% |
| Recurring financial charges | 65 | €3,883 | €1,006 | -€2,877 | -74.1% |
| Profit (loss) for the period before taxes | 9903 | €191,557 | €262,415 | +€70,859 | +37.0% |
| Income taxes | 67/77 | €45,013 | €64,296 | +€19,283 | +42.8% |
| Profit (loss) for the period | 9904 | €146,544 | €198,119 | +€51,575 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €146,544 | €198,119 | +€51,575 | +35.2% |
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 9 October 2026 via checked.be.