MAGNETIC: 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.
MAGNETIC
Largest movements
- Financial fixed assets +€1.4m
up €1.4m (+18.1%), from €7.7m to €9.1m
- Current investments -€197,691
down €197,691 (-23.2%), from €853,523 to €655,832
- Cash +€152,766
up €152,766 (+1192.4%), from €12,812 to €165,578
mainly Contributions, distributions and other (+€829,907) and Debts after one year (+€390,000)
- Reserves +€1.0m
up €1.0m (+10071.1%), from €10,390 to €1.1m
of which Distributable reserves: +€1.1m
- Profit (loss) carried forward -€772,685
down €772,685 (-100.0%), from €772,685 to €0
- Contributions +€686,498
up €686,498 (+8.9%), from €7.7m to €8.4m
- Debts after one year +€390,000
new in 2024: €390,000
- Financial income -€269,887
down €269,887 (-59.0%), from €457,520 to €187,633
- Taxes -€41,417
down €41,417 (-100.0%), from €41,417 to €0
- Gross operating margin -€27,881
down €27,881 (-1397.1%), from -€1,996 to -€29,877
- Other operating charges +€2,427
up €2,427 (+10.7%), from €22,597 to €25,024
- Financial charges +€2,298
up €2,298 (+1579.4%), from €146 to €2,444
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,533,901 | €9,884,171 | +€1.4m | +15.8% |
| Fixed assets | 21/28 | €7,665,543 | €9,054,707 | +€1.4m | +18.1% |
| Financial fixed assets | 28 | €7,665,543 | €9,054,707 | +€1.4m | +18.1% |
| Current assets | 29/58 | €868,358 | €829,464 | -€38,893 | -4.5% |
| Amounts receivable within one year | 40/41 | €2,023 | €8,054 | +€6,031 | +298.1% |
| Other amounts receivable | 41 | €2,023 | €8,054 | +€6,031 | +298.1% |
| Current investments | 50/53 | €853,523 | €655,832 | -€197,691 | -23.2% |
| Cash at bank and in hand | 54/58 | €12,812 | €165,578 | +€152,766 | +1192.4% |
| Total equity and liabilities | 10/49 | €8,533,901 | €9,884,171 | +€1.4m | +15.8% |
| Equity | 10/15 | €8,529,741 | €9,489,937 | +€960,196 | +11.3% |
| Contributions | 10/11 | €7,746,666 | €8,433,164 | +€686,498 | +8.9% |
| Reserves | 13 | €10,390 | €1,056,773 | +€1.0m | +10071.1% |
| Non-distributable reserves | 130/1 | €10,390 | €0 | -€10,390 | -100.0% |
| Reserves not available under the articles | 1311 | €10,390 | €0 | -€10,390 | -100.0% |
| Distributable reserves | 133 | - | €1,056,773 | +€1.1m | |
| Profit (loss) carried forward | 14 | €772,685 | €0 | -€772,685 | -100.0% |
| Amounts payable | 17/49 | €4,160 | €394,234 | +€390,074 | +9377.0% |
| Amounts payable after more than one year | 17 | - | €390,000 | +€390,000 | |
| Other amounts payable | 178/9 | - | €390,000 | +€390,000 | |
| Amounts payable within one year | 42/48 | €4,160 | €4,234 | +€74 | +1.8% |
| Trade debts | 44 | €1,924 | €1,998 | +€74 | +3.8% |
| Suppliers | 440/4 | €1,924 | €1,998 | +€74 | +3.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,236 | €2,236 | = | 0.0% |
| Other operating charges | 640/8 | €22,597 | €25,024 | +€2,427 | +10.7% |
| Gross operating margin | 9900 | -€1,996 | -€29,877 | -€27,881 | -1397.1% |
| Operating profit (loss) | 9901 | -€24,592 | -€54,900 | -€30,308 | -123.2% |
| Financial income | 75/76B | €457,520 | €187,633 | -€269,887 | -59.0% |
| Recurring financial income | 75 | €457,520 | €187,633 | -€269,887 | -59.0% |
| Financial charges | 65/66B | €146 | €2,444 | +€2,298 | +1579.4% |
| Recurring financial charges | 65 | €146 | €2,444 | +€2,298 | +1579.4% |
| Profit (loss) for the period before taxes | 9903 | €432,782 | €130,289 | -€302,493 | -69.9% |
| Income taxes | 67/77 | €41,417 | €0 | -€41,417 | -100.0% |
| Profit (loss) for the period | 9904 | €391,365 | €130,289 | -€261,076 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €391,365 | €130,289 | -€261,076 | -66.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.