Magnalia: 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.
What changed
Magnalia
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€196,509
2024 · €128,291+€68,218
Equity
€769,799
2024 · €726,526+€43,274
Cash
€1,702
2024 · €1,392+€310
Balance sheet total
€3.3m
2024 · €2.9m+€414,200
Largest movements
Assets
- Tangible fixed assets +€424,281
up €424,281 (+51.3%), from €827,550 to €1.3m
of which Land and buildings: +€424,281
Equity and liabilities
- Debts after one year +€262,613
up €262,613 (+13.6%), from €1.9m to €2.2m
- Current portion of long-term debt +€55,876
up €55,876 (+28.3%), from €197,462 to €253,338
- Other debts +€54,021
up €54,021, from €0 to €54,021
- Reserves +€43,274
up €43,274 (+262%), from €16,526 to €59,799
Income statement
- Gross operating margin +€334,665
up €334,665 (+224%), from €149,143 to €483,807
- Financial income -€99,786
down €99,786 (-91.6%), from €108,928 to €9,142
- Depreciation +€68,379
up €68,379 (+160%), from €42,709 to €111,088
- Taxes +€55,561
up €55,561 (+761%), from €7,300 to €62,861
- Financial charges +€48,704
up €48,704 (+161%), from €30,302 to €79,006
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.
Result 2024
€128,291
Gross operating margin
+€334,665
Staff costs
-€5,492
Depreciation
-€68,379
Other operating charges
+€1,833
Other operating items
+€9,643
Financial income
-€99,786
Financial charges
-€48,704
Taxes
-€55,561
Result 2025
€196,509
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€355,075
Investment
-€520,019
Financing
+€165,254
Cash 2024
€1,392
From operations (derived)
+€355,075
Net result for the year
+€196,509
Depreciation
+€111,088
Receivables within one year
-€1,496
Deferred charges and accrued income
-€3,463
Smaller working-capital items
-€1,584
Other debts
+€54,021
Investment (derived)
-€520,019
Investment in fixed assets (net)
-€520,019
Financing
+€165,254
Debts after one year
+€262,613
Current portion of long-term debt
+€55,876
Contributions, distributions and other
-€153,235
Cash 2025
€1,702
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,899,787 | €3,313,986 | +€414,200 | +14.3% |
| Fixed assets | 21/28 | €2,883,186 | €3,292,117 | +€408,931 | +14.2% |
| Intangible fixed assets | 21 | €948 | €598 | -€350 | -36.9% |
| Tangible fixed assets | 22/27 | €827,550 | €1,251,831 | +€424,281 | +51.3% |
| Land and buildings | 22 | €827,550 | €1,251,831 | +€424,281 | +51.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €2,054,688 | €2,039,688 | -€15,000 | -0.7% |
| Current assets | 29/58 | €16,601 | €21,870 | +€5,269 | +31.7% |
| Amounts receivable within one year | 40/41 | €9,014 | €10,510 | +€1,496 | +16.6% |
| Trade receivables | 40 | €594 | €10,000 | +€9,406 | +1,584% |
| Other amounts receivable | 41 | €8,421 | €510 | -€7,910 | -93.9% |
| Cash at bank and in hand | 54/58 | €1,392 | €1,702 | +€310 | +22.2% |
| Deferred charges and accrued income | 490/1 | €6,194 | €9,657 | +€3,463 | +55.9% |
| Total equity and liabilities | 10/49 | €2,899,787 | €3,313,986 | +€414,200 | +14.3% |
| Equity | 10/15 | €726,526 | €769,799 | +€43,274 | +6.0% |
| Contributions | 10/11 | €710,000 | €710,000 | = | 0.0% |
| Reserves | 13 | €16,526 | €59,799 | +€43,274 | +262% |
| Distributable reserves | 133 | €16,526 | €59,799 | +€43,274 | +262% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,173,261 | €2,544,187 | +€370,926 | +17.1% |
| Amounts payable after more than one year | 17 | €1,936,522 | €2,199,135 | +€262,613 | +13.6% |
| Financial debts | 170/4 | €1,936,522 | €2,199,135 | +€262,613 | +13.6% |
| Amounts payable within one year | 42/48 | €236,739 | €345,052 | +€108,313 | +45.8% |
| Current portion of amounts payable after more than one year | 42 | €197,462 | €253,338 | +€55,876 | +28.3% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €7,354 | €6,243 | -€1,111 | -15.1% |
| Suppliers | 440/4 | €7,354 | €6,243 | -€1,111 | -15.1% |
| Taxes, remuneration and social security | 45 | €31,923 | €31,450 | -€473 | -1.5% |
| Taxes | 450/3 | €27,423 | €24,132 | -€3,292 | -12.0% |
| Remuneration and social security | 454/9 | €4,500 | €7,318 | +€2,819 | +62.6% |
| Other amounts payable | 47/48 | €0 | €54,021 | +€54,021 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €31,899 | €37,391 | +€5,492 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,709 | €111,088 | +€68,379 | +160% |
| Other operating charges | 640/8 | €7,928 | €6,095 | -€1,833 | -23.1% |
| Non-recurring operating charges | 66A | €9,643 | - | -€9,643 | |
| Gross operating margin | 9900 | €149,143 | €483,807 | +€334,665 | +224% |
| Operating profit (loss) | 9901 | €56,964 | €329,234 | +€272,270 | +478% |
| Financial income | 75/76B | €108,928 | €9,142 | -€99,786 | -91.6% |
| Recurring financial income | 75 | €108,928 | €9,142 | -€99,786 | -91.6% |
| Financial charges | 65/66B | €30,302 | €79,006 | +€48,704 | +161% |
| Recurring financial charges | 65 | €30,302 | €79,006 | +€48,704 | +161% |
| Profit (loss) for the period before taxes | 9903 | €135,591 | €259,370 | +€123,779 | +91.3% |
| Income taxes | 67/77 | €7,300 | €62,861 | +€55,561 | +761% |
| Profit (loss) for the period | 9904 | €128,291 | €196,509 | +€68,218 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €128,291 | €196,509 | +€68,218 | +53.2% |
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 23 October 2026 via checked.be.