MAGNI: 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.
MAGNI
Largest movements
- Cash +€82,216
up €82,216 (+178%), from €46,215 to €128,430
mainly Net result for the year (+€321,300) and Depreciation (+€11,388)
- Reserves +€321,300
up €321,300 (+123%), from €261,722 to €583,021
- Debts after one year -€247,222
down €247,222 (-23.4%), from €1.1m to €808,333
- Financial income +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
- Gross operating margin +€27,058
up €27,058 (+47.9%), from €56,489 to €83,547
- Financial charges -€8,167
down €8,167 (-16.1%), from €50,613 to €42,446
- Taxes +€7,241
up €7,241 (+4,163%), from €174 to €7,415
- Other operating charges +€998
new in 2025: €998
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 | €1,514,109 | €1,587,356 | +€73,247 | +4.8% |
| Fixed assets | 21/28 | €1,445,938 | €1,437,171 | -€8,767 | -0.6% |
| Tangible fixed assets | 22/27 | €45,938 | €37,171 | -€8,767 | -19.1% |
| Plant, machinery and equipment | 23 | - | €2,555 | +€2,555 | |
| Furniture and vehicles | 24 | €45,938 | €34,616 | -€11,322 | -24.6% |
| Financial fixed assets | 28 | €1,400,000 | €1,400,000 | = | 0.0% |
| Current assets | 29/58 | €68,171 | €150,185 | +€82,014 | +120% |
| Amounts receivable within one year | 40/41 | €21,956 | €19,225 | -€2,731 | -12.4% |
| Trade receivables | 40 | €12,176 | €14,399 | +€2,223 | +18.3% |
| Other amounts receivable | 41 | €9,780 | €4,826 | -€4,954 | -50.7% |
| Cash at bank and in hand | 54/58 | €46,215 | €128,430 | +€82,216 | +178% |
| Deferred charges and accrued income | 490/1 | - | €2,530 | +€2,530 | |
| Total equity and liabilities | 10/49 | €1,514,109 | €1,587,356 | +€73,247 | +4.8% |
| Equity | 10/15 | €311,722 | €633,021 | +€321,300 | +103% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €261,722 | €583,021 | +€321,300 | +123% |
| Distributable reserves | 133 | €261,722 | €583,021 | +€321,300 | +123% |
| Amounts payable | 17/49 | €1,202,387 | €954,335 | -€248,052 | -20.6% |
| Amounts payable after more than one year | 17 | €1,055,556 | €808,333 | -€247,222 | -23.4% |
| Financial debts | 170/4 | €1,055,556 | €808,333 | -€247,222 | -23.4% |
| Amounts payable within one year | 42/48 | €138,777 | €133,334 | -€5,443 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €122,222 | €122,222 | = | 0.0% |
| Trade debts | 44 | €152 | €35 | -€117 | -77.0% |
| Suppliers | 440/4 | €152 | €35 | -€117 | -77.0% |
| Taxes, remuneration and social security | 45 | €16,403 | €11,077 | -€5,326 | -32.5% |
| Taxes | 450/3 | €16,403 | €11,077 | -€5,326 | -32.5% |
| Accrued charges and deferred income | 492/3 | €8,054 | €12,667 | +€4,613 | +57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,673 | €11,388 | +€716 | +6.7% |
| Other operating charges | 640/8 | - | €998 | +€998 | |
| Gross operating margin | 9900 | €56,489 | €83,547 | +€27,058 | +47.9% |
| Operating profit (loss) | 9901 | €45,817 | €71,160 | +€25,344 | +55.3% |
| Financial income | 75/76B | €250,000 | €300,000 | +€50,000 | +20.0% |
| Recurring financial income | 75 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Financial charges | 65/66B | €50,613 | €42,446 | -€8,167 | -16.1% |
| Recurring financial charges | 65 | €50,613 | €42,446 | -€8,167 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €245,203 | €328,714 | +€83,511 | +34.1% |
| Income taxes | 67/77 | €174 | €7,415 | +€7,241 | +4,163% |
| Profit (loss) for the period | 9904 | €245,029 | €321,300 | +€76,270 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €245,029 | €321,300 | +€76,270 | +31.1% |
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.