MAGNETUDE: 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.
MAGNETUDE
Largest movements
- Cash +€48,887
up €48,887 (+22.8%), from €213,955 to €262,842
mainly Other debts (+€72,976) and Net result for the year (+€60,300)
- Receivables within one year -€13,751
down €13,751 (-20.5%), from €66,952 to €53,202
of which Other amounts receivable: -€23,468
- Tangible fixed assets +€3,611
up €3,611 (+12.3%), from €29,312 to €32,923
of which Land and buildings: +€8,604
- Other debts +€72,976
up €72,976 (+270.5%), from €26,982 to €99,958
- Reserves -€41,084
down €41,084 (-17.8%), from €230,932 to €189,849
of which Distributable reserves: -€41,084
- Tax, wage and social debts +€6,846
up €6,846 (+46.0%), from €14,899 to €21,745
- Taxes +€63,923
up €63,923 (+5934.7%), from €1,077 to €65,001
- Gross operating margin +€13,513
up €13,513 (+11.1%), from €121,333 to €134,846
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 | €310,254 | €349,007 | +€38,753 | +12.5% |
| Fixed assets | 21/28 | €29,312 | €32,923 | +€3,611 | +12.3% |
| Tangible fixed assets | 22/27 | €29,312 | €32,923 | +€3,611 | +12.3% |
| Land and buildings | 22 | €10,488 | €19,091 | +€8,604 | +82.0% |
| Plant, machinery and equipment | 23 | €822 | €612 | -€210 | -25.5% |
| Furniture and vehicles | 24 | €5,753 | €3,969 | -€1,783 | -31.0% |
| Leasing and similar rights | 25 | €12,250 | €9,250 | -€3,000 | -24.5% |
| Current assets | 29/58 | €280,942 | €316,084 | +€35,142 | +12.5% |
| Amounts receivable within one year | 40/41 | €66,952 | €53,202 | -€13,751 | -20.5% |
| Trade receivables | 40 | €26,952 | €36,670 | +€9,718 | +36.1% |
| Other amounts receivable | 41 | €40,000 | €16,532 | -€23,468 | -58.7% |
| Current investments | 50/53 | €35 | €41 | +€6 | +17.4% |
| Cash at bank and in hand | 54/58 | €213,955 | €262,842 | +€48,887 | +22.8% |
| Total equity and liabilities | 10/49 | €310,254 | €349,007 | +€38,753 | +12.5% |
| Equity | 10/15 | €249,532 | €208,449 | -€41,084 | -16.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €230,932 | €189,849 | -€41,084 | -17.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,580 | €53,580 | = | 0.0% |
| Distributable reserves | 133 | €175,493 | €134,409 | -€41,084 | -23.4% |
| Provisions and deferred taxes | 16 | €17,860 | €17,860 | = | 0.0% |
| Deferred taxes | 168 | €17,860 | €17,860 | = | 0.0% |
| Amounts payable | 17/49 | €42,862 | €122,698 | +€79,836 | +186.3% |
| Amounts payable within one year | 42/48 | €42,862 | €122,698 | +€79,836 | +186.3% |
| Trade debts | 44 | €982 | €996 | +€14 | +1.4% |
| Suppliers | 440/4 | €982 | €996 | +€14 | +1.4% |
| Taxes, remuneration and social security | 45 | €14,899 | €21,745 | +€6,846 | +46.0% |
| Taxes | 450/3 | €14,899 | €21,745 | +€6,846 | +46.0% |
| Other amounts payable | 47/48 | €26,982 | €99,958 | +€72,976 | +270.5% |
| Non-recurring operating income | 76A | €7,757 | - | -€7,757 | |
| Remuneration, social security and pensions | 62 | €375 | - | -€375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,858 | €8,934 | +€1,077 | +13.7% |
| Other operating charges | 640/8 | €683 | €120 | -€563 | -82.4% |
| Non-recurring operating charges | 66A | €89 | - | -€89 | |
| Gross operating margin | 9900 | €121,333 | €134,846 | +€13,513 | +11.1% |
| Operating profit (loss) | 9901 | €112,328 | €125,792 | +€13,464 | +12.0% |
| Financial income | 75/76B | €69 | €13 | -€56 | -80.5% |
| Recurring financial income | 75 | €69 | €13 | -€56 | -80.5% |
| Financial charges | 65/66B | €692 | €505 | -€187 | -27.1% |
| Recurring financial charges | 65 | €692 | €505 | -€187 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €111,705 | €125,301 | +€13,595 | +12.2% |
| Income taxes | 67/77 | €1,077 | €65,001 | +€63,923 | +5934.7% |
| Profit (loss) for the period | 9904 | €110,628 | €60,300 | -€50,328 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €110,628 | €60,300 | -€50,328 | -45.5% |
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.