MAGNOLIA: 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.
MAGNOLIA
Largest movements
- Tangible fixed assets +€24,841
up €24,841 (+6.2%), from €401,781 to €426,621
- Other debts +€67,273
up €67,273 (+38.1%), from €176,394 to €243,667
- Trade debts -€29,886
down €29,886 (-96.0%), from €31,116 to €1,230
- Debts after one year -€11,410
down €11,410 (-8.7%), from €130,821 to €119,411
- Taxes +€4,753
new in 2025: €4,753
- Gross operating margin -€4,153
down €4,153 (-16.1%), from €25,855 to €21,703
- Depreciation +€2,822
up €2,822 (+28.3%), from €9,967 to €12,789
- Other operating charges +€489
up €489 (+37.8%), from €1,296 to €1,785
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 | €405,578 | €433,559 | +€27,982 | +6.9% |
| Fixed assets | 21/28 | €401,781 | €426,621 | +€24,841 | +6.2% |
| Tangible fixed assets | 22/27 | €401,781 | €426,621 | +€24,841 | +6.2% |
| Land and buildings | 22 | €401,781 | €426,621 | +€24,841 | +6.2% |
| Current assets | 29/58 | €3,797 | €6,938 | +€3,141 | +82.7% |
| Amounts receivable within one year | 40/41 | €586 | €3,798 | +€3,212 | +548% |
| Trade receivables | 40 | €586 | €3,798 | +€3,212 | +548% |
| Cash at bank and in hand | 54/58 | €3,211 | €3,140 | -€71 | -2.2% |
| Total equity and liabilities | 10/49 | €405,578 | €433,559 | +€27,982 | +6.9% |
| Equity | 10/15 | €55,985 | €56,426 | +€441 | +0.8% |
| Contributions | 10/11 | €39,454 | €39,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,531 | €16,972 | +€441 | +2.7% |
| Amounts payable | 17/49 | €349,593 | €377,134 | +€27,541 | +7.9% |
| Amounts payable after more than one year | 17 | €130,821 | €119,411 | -€11,410 | -8.7% |
| Financial debts | 170/4 | €130,821 | €119,411 | -€11,410 | -8.7% |
| Amounts payable within one year | 42/48 | €218,772 | €257,723 | +€38,951 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €11,262 | €11,410 | +€148 | +1.3% |
| Trade debts | 44 | €31,116 | €1,230 | -€29,886 | -96.0% |
| Suppliers | 440/4 | €31,116 | €1,230 | -€29,886 | -96.0% |
| Taxes, remuneration and social security | 45 | - | €1,415 | +€1,415 | |
| Taxes | 450/3 | - | €1,415 | +€1,415 | |
| Other amounts payable | 47/48 | €176,394 | €243,667 | +€67,273 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,967 | €12,789 | +€2,822 | +28.3% |
| Other operating charges | 640/8 | €1,296 | €1,785 | +€489 | +37.8% |
| Gross operating margin | 9900 | €25,855 | €21,703 | -€4,153 | -16.1% |
| Operating profit (loss) | 9901 | €14,593 | €7,129 | -€7,464 | -51.1% |
| Financial charges | 65/66B | €2,087 | €1,935 | -€152 | -7.3% |
| Recurring financial charges | 65 | €2,087 | €1,935 | -€152 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €12,506 | €5,194 | -€7,312 | -58.5% |
| Income taxes | 67/77 | - | €4,753 | +€4,753 | |
| Profit (loss) for the period | 9904 | €12,506 | €441 | -€12,065 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,506 | €441 | -€12,065 | -96.5% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.