MAGMAS: what changed
Two fiscal 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.
MAGMAS
Largest movements
- Current investments +€101,888
new in 2026: €101,888
- Financial fixed assets +€53,554
up €53,554 (+4.0%), from €1.3m to €1.4m
- Reserves +€265,467
up €265,467 (+20.9%), from €1.3m to €1.5m
- Debts after one year -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Current portion of long-term debt -€35,715
down €35,715 (-41.7%), from €85,714 to €50,000
- Tax, wage and social debts -€32,566
down €32,566 (-56.4%), from €57,759 to €25,193
- Financial income -€322,454
down €322,454 (-60.7%), from €530,945 to €208,491
of which Financial income: -€198,805
- Taxes -€29,802
down €29,802 (-37.2%), from €80,052 to €50,251
- Gross operating margin -€3,465
down €3,465 (-2.6%), from €134,347 to €130,882
- Financial charges -€1,627
down €1,627 (-7.6%), from €21,379 to €19,752
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,764,781 | €1,911,063 | +€146,282 | +8.3% |
| Fixed assets | 21/28 | €1,342,942 | €1,396,842 | +€53,901 | +4.0% |
| Tangible fixed assets | 22/27 | €5,844 | €6,190 | +€346 | +5.9% |
| Furniture and vehicles | 24 | €5,844 | €4,379 | -€1,465 | -25.1% |
| Other tangible fixed assets | 26 | - | €1,811 | +€1,811 | |
| Financial fixed assets | 28 | €1,337,098 | €1,390,652 | +€53,554 | +4.0% |
| Current assets | 29/58 | €421,840 | €514,221 | +€92,381 | +21.9% |
| Amounts receivable within one year | 40/41 | €2,175 | €1,703 | -€472 | -21.7% |
| Trade receivables | 40 | €2,099 | €1,497 | -€602 | -28.7% |
| Other amounts receivable | 41 | €76 | €206 | +€130 | +170.5% |
| Current investments | 50/53 | - | €101,888 | +€101,888 | |
| Cash at bank and in hand | 54/58 | €416,176 | €408,003 | -€8,173 | -2.0% |
| Deferred charges and accrued income | 490/1 | €3,488 | €2,627 | -€862 | -24.7% |
| Total equity and liabilities | 10/49 | €1,764,781 | €1,911,063 | +€146,282 | +8.3% |
| Equity | 10/15 | €1,289,453 | €1,554,920 | +€265,467 | +20.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,270,903 | €1,536,370 | +€265,467 | +20.9% |
| Distributable reserves | 133 | €1,270,903 | €1,536,370 | +€265,467 | +20.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €475,328 | €356,143 | -€119,185 | -25.1% |
| Amounts payable after more than one year | 17 | €50,000 | €0 | -€50,000 | -100.0% |
| Financial debts | 170/4 | €50,000 | €0 | -€50,000 | -100.0% |
| Amounts payable within one year | 42/48 | €405,313 | €338,274 | -€67,038 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €85,714 | €50,000 | -€35,715 | -41.7% |
| Trade debts | 44 | €3,652 | €310 | -€3,342 | -91.5% |
| Suppliers | 440/4 | €3,652 | €310 | -€3,342 | -91.5% |
| Taxes, remuneration and social security | 45 | €57,759 | €25,193 | -€32,566 | -56.4% |
| Taxes | 450/3 | €57,759 | €25,193 | -€32,566 | -56.4% |
| Other amounts payable | 47/48 | €258,188 | €262,772 | +€4,584 | +1.8% |
| Accrued charges and deferred income | 492/3 | €20,015 | €17,868 | -€2,147 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,441 | €1,518 | +€77 | +5.3% |
| Other operating charges | 640/8 | €1,963 | €1,386 | -€577 | -29.4% |
| Gross operating margin | 9900 | €134,347 | €130,882 | -€3,465 | -2.6% |
| Operating profit (loss) | 9901 | €130,943 | €127,979 | -€2,964 | -2.3% |
| Financial income | 75/76B | €530,945 | €208,491 | -€322,454 | -60.7% |
| Recurring financial income | 75 | €353,741 | €154,936 | -€198,805 | -56.2% |
| Non-recurring financial income | 76B | €177,203 | €53,554 | -€123,649 | -69.8% |
| Financial charges | 65/66B | €21,379 | €19,752 | -€1,627 | -7.6% |
| Recurring financial charges | 65 | €21,379 | €19,752 | -€1,627 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €640,508 | €316,717 | -€323,791 | -50.6% |
| Income taxes | 67/77 | €80,052 | €50,251 | -€29,802 | -37.2% |
| Profit (loss) for the period | 9904 | €560,456 | €266,467 | -€293,989 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €560,456 | €266,467 | -€293,989 | -52.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.