MAGNITUDE 9: 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.
MAGNITUDE 9
Largest movements
- Receivables within one year -€50,663
down €50,663 (-97.7%), from €51,836 to €1,173
of which Trade receivables: -€49,799
- Cash +€18,911
up €18,911 (+5,227%), from €362 to €19,273
mainly Receivables within one year (+€50,663) and Depreciation (+€6,218)
- Stocks and contracts +€16,778
up €16,778 (+68.9%), from €24,339 to €41,117
- Tangible fixed assets -€6,218
down €6,218 (-24.6%), from €25,268 to €19,050
- Deferred charges and accrued income -€4,403
down €4,403 (-86.3%), from €5,102 to €699
- Profit (loss) carried forward -€11,695
down €11,695, from €2,650 to -€9,045
- Other debts -€9,365
down €9,365 (-12.4%), from €75,290 to €65,925
- Accrued charges and deferred income -€5,102
no longer reported in 2025 (was €5,102)
- Tax, wage and social debts +€1,832
up €1,832 (+48.8%), from €3,751 to €5,583
of which Taxes: +€1,432
- Gross operating margin -€57,023
down €57,023, from €52,906 to -€4,117
- Financial charges -€3,731
down €3,731 (-96.1%), from €3,882 to €151
- Taxes -€3,588
no longer reported in 2025 (was €3,588)
- Other operating charges -€824
down €824 (-40.3%), from €2,044 to €1,220
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 | €106,907 | €81,312 | -€25,595 | -23.9% |
| Fixed assets | 21/28 | €25,268 | €19,050 | -€6,218 | -24.6% |
| Tangible fixed assets | 22/27 | €25,268 | €19,050 | -€6,218 | -24.6% |
| Furniture and vehicles | 24 | €25,268 | €19,050 | -€6,218 | -24.6% |
| Current assets | 29/58 | €81,639 | €62,262 | -€19,378 | -23.7% |
| Stocks and contracts in progress | 3 | €24,339 | €41,117 | +€16,778 | +68.9% |
| Stocks | 30/36 | €24,339 | €41,117 | +€16,778 | +68.9% |
| Amounts receivable within one year | 40/41 | €51,836 | €1,173 | -€50,663 | -97.7% |
| Trade receivables | 40 | €50,000 | €201 | -€49,799 | -99.6% |
| Other amounts receivable | 41 | €1,836 | €973 | -€864 | -47.0% |
| Cash at bank and in hand | 54/58 | €362 | €19,273 | +€18,911 | +5,227% |
| Deferred charges and accrued income | 490/1 | €5,102 | €699 | -€4,403 | -86.3% |
| Total equity and liabilities | 10/49 | €106,907 | €81,312 | -€25,595 | -23.9% |
| Equity | 10/15 | €21,250 | €9,555 | -€11,695 | -55.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,650 | -€9,045 | -€11,695 | |
| Amounts payable | 17/49 | €85,657 | €71,757 | -€13,900 | -16.2% |
| Amounts payable within one year | 42/48 | €80,555 | €71,757 | -€8,798 | -10.9% |
| Financial debts | 43 | €851 | - | -€851 | |
| Credit institutions | 430/8 | €851 | - | -€851 | |
| Trade debts | 44 | €663 | €249 | -€414 | -62.4% |
| Suppliers | 440/4 | €663 | €249 | -€414 | -62.4% |
| Taxes, remuneration and social security | 45 | €3,751 | €5,583 | +€1,832 | +48.8% |
| Taxes | 450/3 | €3,751 | €5,183 | +€1,432 | +38.2% |
| Remuneration and social security | 454/9 | - | €400 | +€400 | |
| Other amounts payable | 47/48 | €75,290 | €65,925 | -€9,365 | -12.4% |
| Accrued charges and deferred income | 492/3 | €5,102 | - | -€5,102 | |
| Non-recurring operating income | 76A | €23,000 | - | -€23,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,820 | €6,218 | +€397 | +6.8% |
| Other operating charges | 640/8 | €2,044 | €1,220 | -€824 | -40.3% |
| Non-recurring operating charges | 66A | €165 | - | -€165 | |
| Gross operating margin | 9900 | €52,906 | -€4,117 | -€57,023 | |
| Operating profit (loss) | 9901 | €44,877 | -€11,554 | -€56,431 | |
| Financial income | 75/76B | €52 | €10 | -€41 | -79.8% |
| Recurring financial income | 75 | €52 | €10 | -€41 | -79.8% |
| Financial charges | 65/66B | €3,882 | €151 | -€3,731 | -96.1% |
| Recurring financial charges | 65 | €3,882 | €151 | -€3,731 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | €41,047 | -€11,695 | -€52,742 | |
| Income taxes | 67/77 | €3,588 | - | -€3,588 | |
| Profit (loss) for the period | 9904 | €37,459 | -€11,695 | -€49,154 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,459 | -€11,695 | -€49,154 |
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 1 November 2026 via checked.be.