MAGNITUDE12: 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.
MAGNITUDE12
Largest movements
- Receivables within one year -€2,526
down €2,526 (-13.8%), from €18,341 to €15,815
of which Trade receivables: -€3,640
- Formation expenses -€665
no longer reported in 2025 (was €665)
- Profit (loss) carried forward -€7,521
down €7,521 (-69.4%), from €10,830 to €3,309
- Trade debts +€3,902
up €3,902 (+211%), from €1,849 to €5,751
- Other debts +€1,900
up €1,900 (+38.0%), from €5,000 to €6,900
- Tax, wage and social debts -€1,439
no longer reported in 2025 (was €1,439)
- Gross operating margin -€15,424
down €15,424, from €11,809 to -€3,616
- Taxes +€2,708
new in 2025: €2,708
- Financial charges +€141
up €141 (+1,508%), from €9 to €151
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 | €19,218 | €16,060 | -€3,158 | -16.4% |
| Formation expenses | 20 | €665 | - | -€665 | |
| Current assets | 29/58 | €18,553 | €16,060 | -€2,493 | -13.4% |
| Amounts receivable within one year | 40/41 | €18,341 | €15,815 | -€2,526 | -13.8% |
| Trade receivables | 40 | €17,252 | €13,612 | -€3,640 | -21.1% |
| Other amounts receivable | 41 | €1,090 | €2,203 | +€1,113 | +102% |
| Cash at bank and in hand | 54/58 | €211 | €245 | +€34 | +15.9% |
| Total equity and liabilities | 10/49 | €19,218 | €16,060 | -€3,158 | -16.4% |
| Equity | 10/15 | €10,930 | €3,409 | -€7,521 | -68.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,830 | €3,309 | -€7,521 | -69.4% |
| Amounts payable | 17/49 | €8,287 | €12,651 | +€4,364 | +52.7% |
| Amounts payable within one year | 42/48 | €8,287 | €12,651 | +€4,364 | +52.7% |
| Trade debts | 44 | €1,849 | €5,751 | +€3,902 | +211% |
| Suppliers | 440/4 | €1,849 | €5,751 | +€3,902 | +211% |
| Taxes, remuneration and social security | 45 | €1,439 | - | -€1,439 | |
| Taxes | 450/3 | €1,439 | - | -€1,439 | |
| Other amounts payable | 47/48 | €5,000 | €6,900 | +€1,900 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €564 | €665 | +€101 | +17.9% |
| Other operating charges | 640/8 | €405 | €382 | -€22 | -5.5% |
| Gross operating margin | 9900 | €11,809 | -€3,616 | -€15,424 | |
| Operating profit (loss) | 9901 | €10,840 | -€4,663 | -€15,503 | |
| Financial charges | 65/66B | €9 | €151 | +€141 | +1,508% |
| Recurring financial charges | 65 | €9 | €151 | +€141 | +1,508% |
| Profit (loss) for the period before taxes | 9903 | €10,830 | -€4,814 | -€15,644 | |
| Income taxes | 67/77 | - | €2,708 | +€2,708 | |
| Profit (loss) for the period | 9904 | €10,830 | -€7,521 | -€18,352 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,830 | -€7,521 | -€18,352 |
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 31 October 2026 via checked.be.