MAGNIER: 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.
MAGNIER
Largest movements
- Receivables within one year -€29,346
down €29,346 (-5.7%), from €513,212 to €483,866
of which Trade receivables: -€188,610
- Stocks and contracts -€19,804
down €19,804 (-5.6%), from €350,660 to €330,856
- Trade debts -€117,586
down €117,586 (-63.5%), from €185,241 to €67,655
- Debts after one year +€80,000
new in 2025: €80,000
- Accrued charges and deferred income +€23,916
up €23,916 (+9733.9%), from €246 to €24,162
- Advances received -€21,199
no longer reported in 2025 (was €21,199)
- Other debts -€17,338
down €17,338 (-16.2%), from €107,122 to €89,783
- Gross operating margin -€23,057
down €23,057 (-20.2%), from €114,369 to €91,312
- Staff costs +€13,906
up €13,906 (+39.5%), from €35,191 to €49,097
- Taxes -€3,647
down €3,647 (-60.6%), from €6,016 to €2,369
- Financial charges -€2,190
down €2,190 (-7.2%), from €30,506 to €28,316
- Other operating charges +€1,787
up €1,787 (+68.2%), from €2,619 to €4,406
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 | €995,541 | €963,865 | -€31,676 | -3.2% |
| Fixed assets | 21/28 | €14,248 | €20,226 | +€5,978 | +42.0% |
| Tangible fixed assets | 22/27 | €11,285 | €17,263 | +€5,978 | +53.0% |
| Plant, machinery and equipment | 23 | €11,285 | €11,935 | +€650 | +5.8% |
| Other tangible fixed assets | 26 | - | €5,329 | +€5,329 | |
| Financial fixed assets | 28 | €2,963 | €2,963 | = | 0.0% |
| Current assets | 29/58 | €981,294 | €943,639 | -€37,654 | -3.8% |
| Stocks and contracts in progress | 3 | €350,660 | €330,856 | -€19,804 | -5.6% |
| Stocks | 30/36 | €350,660 | €330,856 | -€19,804 | -5.6% |
| Amounts receivable within one year | 40/41 | €513,212 | €483,866 | -€29,346 | -5.7% |
| Trade receivables | 40 | €394,081 | €205,471 | -€188,610 | -47.9% |
| Other amounts receivable | 41 | €119,131 | €278,395 | +€159,264 | +133.7% |
| Cash at bank and in hand | 54/58 | €117,264 | €125,107 | +€7,843 | +6.7% |
| Deferred charges and accrued income | 490/1 | €158 | €3,811 | +€3,653 | +2319.0% |
| Total equity and liabilities | 10/49 | €995,541 | €963,865 | -€31,676 | -3.2% |
| Equity | 10/15 | €277,333 | €284,013 | +€6,679 | +2.4% |
| Contributions | 10/11 | €8,059 | €8,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269,274 | €275,954 | +€6,679 | +2.5% |
| Amounts payable | 17/49 | €718,208 | €679,853 | -€38,355 | -5.3% |
| Amounts payable after more than one year | 17 | - | €80,000 | +€80,000 | |
| Financial debts | 170/4 | - | €80,000 | +€80,000 | |
| Amounts payable within one year | 42/48 | €717,962 | €575,691 | -€142,271 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €1,333 | €1,514 | +€180 | +13.5% |
| Financial debts | 43 | €375,000 | €375,000 | = | 0.0% |
| Credit institutions | 430/8 | €375,000 | €375,000 | = | 0.0% |
| Trade debts | 44 | €185,241 | €67,655 | -€117,586 | -63.5% |
| Suppliers | 440/4 | €185,241 | €67,655 | -€117,586 | -63.5% |
| Advances received on contracts in progress | 46 | €21,199 | - | -€21,199 | |
| Taxes, remuneration and social security | 45 | €28,068 | €41,739 | +€13,671 | +48.7% |
| Taxes | 450/3 | €18,491 | €27,103 | +€8,612 | +46.6% |
| Remuneration and social security | 454/9 | €9,577 | €14,636 | +€5,059 | +52.8% |
| Other amounts payable | 47/48 | €107,122 | €89,783 | -€17,338 | -16.2% |
| Accrued charges and deferred income | 492/3 | €246 | €24,162 | +€23,916 | +9733.9% |
| Remuneration, social security and pensions | 62 | €35,191 | €49,097 | +€13,906 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €722 | €2,282 | +€1,560 | +216.0% |
| Other operating charges | 640/8 | €2,619 | €4,406 | +€1,787 | +68.2% |
| Gross operating margin | 9900 | €114,369 | €91,312 | -€23,057 | -20.2% |
| Operating profit (loss) | 9901 | €75,837 | €35,527 | -€40,310 | -53.2% |
| Financial income | 75/76B | €2,790 | €1,837 | -€952 | -34.1% |
| Recurring financial income | 75 | €2,790 | €1,837 | -€952 | -34.1% |
| Financial charges | 65/66B | €30,506 | €28,316 | -€2,190 | -7.2% |
| Recurring financial charges | 65 | €30,506 | €28,316 | -€2,190 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €48,121 | €9,049 | -€39,072 | -81.2% |
| Income taxes | 67/77 | €6,016 | €2,369 | -€3,647 | -60.6% |
| Profit (loss) for the period | 9904 | €42,105 | €6,679 | -€35,425 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,105 | €6,679 | -€35,425 | -84.1% |
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 11 October 2026 via checked.be.