MAGNIFICAR: 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.
Magnificar
Largest movements
- Tangible fixed assets -€1,683
down €1,683 (-3.4%), from €49,248 to €47,565
- Equity +€5,174
up €5,174 (+5.7%), from -€91,162 to -€85,988
of which Profit (loss) carried forward: +€5,174
- Debts after one year -€4,808
down €4,808 (-9.4%), from €51,392 to €46,584
- Debts within one year -€2,341
down €2,341 (-1.2%), from €192,091 to €189,750
- Gross operating margin +€3,059
up €3,059 (+23.8%), from €12,876 to €15,935
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,321 | €150,346 | -€1,975 | -1.3% |
| Fixed assets | 21/28 | €49,713 | €48,030 | -€1,683 | -3.4% |
| Tangible fixed assets | 22/27 | €49,248 | €47,565 | -€1,683 | -3.4% |
| Financial fixed assets | 28 | €465 | €465 | = | 0.0% |
| Current assets | 29/58 | €102,608 | €102,316 | -€292 | -0.3% |
| Stocks and contracts in progress | 3 | €102,440 | €99,590 | -€2,850 | -2.8% |
| Amounts receivable within one year | 40/41 | €43 | €1,242 | +€1,199 | +2,812% |
| Cash at bank and in hand | 54/58 | - | €1,295 | +€1,295 | |
| Total equity and liabilities | 10/49 | €152,321 | €150,346 | -€1,975 | -1.3% |
| Equity | 10/15 | -€91,162 | -€85,988 | +€5,174 | +5.7% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €133 | €133 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,895 | -€104,721 | +€5,174 | +4.7% |
| Amounts payable | 17/49 | €243,483 | €236,334 | -€7,149 | -2.9% |
| Amounts payable after more than one year | 17 | €51,392 | €46,584 | -€4,808 | -9.4% |
| Amounts payable within one year | 42/48 | €192,091 | €189,750 | -€2,341 | -1.2% |
| Trade debts | 44 | €947 | €7,151 | +€6,204 | +655% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,999 | €5,012 | +€13 | +0.3% |
| Gross operating margin | 9900 | €12,876 | €15,935 | +€3,059 | +23.8% |
| Operating profit (loss) | 9901 | €3,811 | €8,090 | +€4,278 | +112% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +82,900% |
| Recurring financial charges | 65 | €2,874 | €2,924 | +€50 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €937 | €5,174 | +€4,237 | +452% |
| Profit (loss) for the period | 9904 | €937 | €5,174 | +€4,237 | +452% |
| Profit (loss) for the period to be appropriated | 9905 | €937 | €5,174 | +€4,237 | +452% |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.