MAGNIFIC: what changed
What changed
MAGNIFIC
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
-€43,127
2024 · €5,812-€48,938
Equity
€128,634
2024 · €171,760-€43,127
Cash
€160,641
2024 · €157,874+€2,768
Balance sheet total
€308,867
2024 · €341,579-€32,711
Largest movements
Assets
- Tangible fixed assets -€19,766
down €19,766 (-37.7%), from €52,438 to €32,672
of which Land and buildings: -€10,136
- Receivables within one year -€14,230
down €14,230 (-13.8%), from €103,196 to €88,966
of which Trade receivables: -€26,451
Equity and liabilities
- Profit (loss) carried forward -€43,127
new in 2025: -€43,127
- Trade debts +€31,267
up €31,267 (+396%), from €7,901 to €39,167
- Debts after one year -€13,968
down €13,968 (-70.3%), from €19,858 to €5,890
of which Financial debts: -€13,968
- Other debts -€9,172
down €9,172 (-59.2%), from €15,498 to €6,326
- Tax, wage and social debts +€4,926
up €4,926 (+4.5%), from €109,957 to €114,883
of which Remuneration and social security: +€14,582
Income statement
- Staff costs +€54,833
up €54,833 (+32.7%), from €167,853 to €222,686
- Financial charges +€44,721
up €44,721 (+1,864%), from €2,400 to €47,121
of which Non-recurring financial charges: +€43,528
- Taxes -€38,700
down €38,700 (-90.8%), from €42,614 to €3,914
- Gross operating margin +€9,517
up €9,517 (+3.9%), from €245,892 to €255,409
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€5,812
Gross operating margin
+€9,517
Staff costs
-€54,833
Depreciation
+€710
Other operating charges
+€1,553
Financial income
+€136
Financial charges
-€44,721
Taxes
+€38,700
Result 2025
-€43,127
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€21,179
Investment
-€1,806
Financing
-€16,605
Cash 2024
€157,874
From operations (derived)
+€21,179
Net result for the year
-€43,127
Depreciation
+€21,831
Stocks and contracts
+€380
Receivables within one year
+€14,230
Deferred charges and accrued income
+€843
Trade debts
+€31,267
Tax, wage and social debts
+€4,926
Other debts
-€9,172
Investment (derived)
-€1,806
Investment in fixed assets (net)
-€1,806
Financing
-€16,605
Debts after one year
-€13,968
Current portion of long-term debt
-€2,637
Cash 2025
€160,641
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,579 | €308,867 | -€32,711 | -9.6% |
| Formation expenses | 20 | €432 | €173 | -€259 | -60.0% |
| Fixed assets | 21/28 | €52,438 | €32,672 | -€19,766 | -37.7% |
| Tangible fixed assets | 22/27 | €52,438 | €32,672 | -€19,766 | -37.7% |
| Land and buildings | 22 | €25,926 | €15,791 | -€10,136 | -39.1% |
| Plant, machinery and equipment | 23 | €18,123 | €12,697 | -€5,426 | -29.9% |
| Furniture and vehicles | 24 | €5,283 | €2,113 | -€3,170 | -60.0% |
| Leasing and similar rights | 25 | €3,106 | €2,070 | -€1,035 | -33.3% |
| Current assets | 29/58 | €288,708 | €276,023 | -€12,686 | -4.4% |
| Stocks and contracts in progress | 3 | €25,180 | €24,800 | -€380 | -1.5% |
| Stocks | 30/36 | €25,180 | €24,800 | -€380 | -1.5% |
| Amounts receivable within one year | 40/41 | €103,196 | €88,966 | -€14,230 | -13.8% |
| Trade receivables | 40 | €82,984 | €56,533 | -€26,451 | -31.9% |
| Other amounts receivable | 41 | €20,212 | €32,433 | +€12,221 | +60.5% |
| Cash at bank and in hand | 54/58 | €157,874 | €160,641 | +€2,768 | +1.8% |
| Deferred charges and accrued income | 490/1 | €2,458 | €1,615 | -€843 | -34.3% |
| Total equity and liabilities | 10/49 | €341,579 | €308,867 | -€32,711 | -9.6% |
| Equity | 10/15 | €171,760 | €128,634 | -€43,127 | -25.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Contributions outside capital | 11 | €40,000 | €40,000 | = | 0.0% |
| Other | 1109/19 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €131,760 | €131,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €127,760 | €127,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€43,127 | -€43,127 | |
| Amounts payable | 17/49 | €169,818 | €180,234 | +€10,415 | +6.1% |
| Amounts payable after more than one year | 17 | €19,858 | €5,890 | -€13,968 | -70.3% |
| Financial debts | 170/4 | €13,968 | - | -€13,968 | |
| Trade debts | 175 | €5,890 | €5,890 | = | 0.0% |
| Amounts payable within one year | 42/48 | €149,960 | €174,344 | +€24,384 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €16,605 | €13,968 | -€2,637 | -15.9% |
| Trade debts | 44 | €7,901 | €39,167 | +€31,267 | +396% |
| Suppliers | 440/4 | €7,901 | €39,167 | +€31,267 | +396% |
| Taxes, remuneration and social security | 45 | €109,957 | €114,883 | +€4,926 | +4.5% |
| Taxes | 450/3 | €79,028 | €69,371 | -€9,657 | -12.2% |
| Remuneration and social security | 454/9 | €30,929 | €45,512 | +€14,582 | +47.1% |
| Other amounts payable | 47/48 | €15,498 | €6,326 | -€9,172 | -59.2% |
| Non-recurring operating income | 76A | - | €4,525 | +€4,525 | |
| Remuneration, social security and pensions | 62 | €167,853 | €222,686 | +€54,833 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,541 | €21,831 | -€710 | -3.1% |
| Other operating charges | 640/8 | €4,712 | €3,159 | -€1,553 | -33.0% |
| Gross operating margin | 9900 | €245,892 | €255,409 | +€9,517 | +3.9% |
| Operating profit (loss) | 9901 | €50,786 | €7,733 | -€43,053 | -84.8% |
| Financial income | 75/76B | €40 | €176 | +€136 | +339% |
| Recurring financial income | 75 | €40 | €176 | +€136 | +339% |
| Financial charges | 65/66B | €2,400 | €47,121 | +€44,721 | +1,864% |
| Recurring financial charges | 65 | €2,400 | €3,593 | +€1,193 | +49.7% |
| Non-recurring financial charges | 66B | - | €43,528 | +€43,528 | |
| Profit (loss) for the period before taxes | 9903 | €48,426 | -€39,212 | -€87,638 | |
| Income taxes | 67/77 | €42,614 | €3,914 | -€38,700 | -90.8% |
| Profit (loss) for the period | 9904 | €5,812 | -€43,127 | -€48,938 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,812 | -€43,127 | -€48,938 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.