Magnetar: 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.
Magnetar
Largest movements
- Receivables within one year -€59,011
down €59,011 (-47.9%), from €123,111 to €64,100
of which Other amounts receivable: -€55,293
- Deferred charges and accrued income +€2,218
up €2,218, from €0 to €2,218
- Cash -€1,395
down €1,395 (-83.5%), from €1,672 to €276
mainly Trade debts (-€51,732) and Tax, wage and social debts (-€7,997)
- Trade debts -€51,732
down €51,732 (-90.3%), from €57,264 to €5,533
- Tax, wage and social debts -€7,997
down €7,997 (-50.8%), from €15,733 to €7,736
- Gross operating margin -€13,165
down €13,165 (-88.4%), from €14,887 to €1,721
- Taxes -€5,572
down €5,572 (-83.8%), from €6,646 to €1,074
- Other operating charges +€780
up €780 (+173%), from €450 to €1,230
- Financial income +€691
up €691 (+41.7%), from €1,658 to €2,349
- Financial charges +€467
up €467 (+631%), from €74 to €541
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 | €124,783 | €66,594 | -€58,189 | -46.6% |
| Current assets | 29/58 | €124,783 | €66,594 | -€58,189 | -46.6% |
| Amounts receivable within one year | 40/41 | €123,111 | €64,100 | -€59,011 | -47.9% |
| Trade receivables | 40 | €3,793 | €75 | -€3,718 | -98.0% |
| Other amounts receivable | 41 | €119,318 | €64,025 | -€55,293 | -46.3% |
| Cash at bank and in hand | 54/58 | €1,672 | €276 | -€1,395 | -83.5% |
| Deferred charges and accrued income | 490/1 | €0 | €2,218 | +€2,218 | |
| Total equity and liabilities | 10/49 | €124,783 | €66,594 | -€58,189 | -46.6% |
| Equity | 10/15 | €47,846 | €49,072 | +€1,225 | +2.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €26,021 | €27,246 | +€1,225 | +4.7% |
| Distributable reserves | 133 | €26,021 | €27,246 | +€1,225 | +4.7% |
| Profit (loss) carried forward | 14 | €9,426 | €9,426 | = | 0.0% |
| Amounts payable | 17/49 | €76,936 | €17,522 | -€59,414 | -77.2% |
| Amounts payable within one year | 42/48 | €76,936 | €17,522 | -€59,414 | -77.2% |
| Trade debts | 44 | €57,264 | €5,533 | -€51,732 | -90.3% |
| Suppliers | 440/4 | €57,264 | €5,533 | -€51,732 | -90.3% |
| Taxes, remuneration and social security | 45 | €15,733 | €7,736 | -€7,997 | -50.8% |
| Taxes | 450/3 | €15,733 | €7,736 | -€7,997 | -50.8% |
| Other amounts payable | 47/48 | €3,939 | €4,254 | +€315 | +8.0% |
| Other operating charges | 640/8 | €450 | €1,230 | +€780 | +173% |
| Gross operating margin | 9900 | €14,887 | €1,721 | -€13,165 | -88.4% |
| Operating profit (loss) | 9901 | €14,437 | €492 | -€13,945 | -96.6% |
| Financial income | 75/76B | €1,658 | €2,349 | +€691 | +41.7% |
| Recurring financial income | 75 | €1,658 | €2,349 | +€691 | +41.7% |
| Financial charges | 65/66B | €74 | €541 | +€467 | +631% |
| Recurring financial charges | 65 | €74 | €541 | +€467 | +631% |
| Profit (loss) for the period before taxes | 9903 | €16,021 | €2,300 | -€13,721 | -85.6% |
| Income taxes | 67/77 | €6,646 | €1,074 | -€5,572 | -83.8% |
| Profit (loss) for the period | 9904 | €9,375 | €1,225 | -€8,150 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,375 | €1,225 | -€8,150 | -86.9% |
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 17 October 2026 via checked.be.