MAGNOTRADE: what changed
Two fiscal 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.
MAGNOTRADE
Largest movements
- Receivables after one year -€567,500
down €567,500 (-35.1%), from €1.6m to €1.0m
- Financial fixed assets +€42,500
new in 2025: €42,500
- Tangible fixed assets -€30,309
down €30,309 (-22.5%), from €134,446 to €104,137
- Cash +€26,750
up €26,750 (+60.5%), from €44,218 to €70,968
mainly Other debts (+€576,900) and Net result for the year (+€567,682)
- Reserves -€1.1m
no longer reported in 2025 (was €1.1m)
- Other debts +€576,900
new in 2025: €576,900
- Profit (loss) carried forward -€39,218
down €39,218 (-99.9%), from €39,243 to €25
- Trade debts +€32,761
up €32,761 (+16.4%), from €199,577 to €232,338
- Advances received +€18,271
up €18,271 (+4.6%), from €395,167 to €413,438
- Gross operating margin +€170,016
up €170,016 (+27.2%), from €625,920 to €795,936
- Taxes +€35,158
up €35,158 (+22.8%), from €154,100 to €189,258
- Depreciation +€18,965
up €18,965 (+167.2%), from €11,344 to €30,309
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.
Cash bridge derived
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 | €1,798,182 | €1,272,875 | -€525,307 | -29.2% |
| Fixed assets | 21/28 | €134,446 | €146,637 | +€12,191 | +9.1% |
| Tangible fixed assets | 22/27 | €134,446 | €104,137 | -€30,309 | -22.5% |
| Furniture and vehicles | 24 | €134,446 | €104,137 | -€30,309 | -22.5% |
| Financial fixed assets | 28 | - | €42,500 | +€42,500 | |
| Current assets | 29/58 | €1,663,736 | €1,126,238 | -€537,499 | -32.3% |
| Amounts receivable after more than one year | 29 | €1,615,000 | €1,047,500 | -€567,500 | -35.1% |
| Other amounts receivable | 291 | €1,615,000 | €1,047,500 | -€567,500 | -35.1% |
| Amounts receivable within one year | 40/41 | €4,518 | €7,770 | +€3,252 | +72.0% |
| Other amounts receivable | 41 | €4,518 | €7,770 | +€3,252 | +72.0% |
| Cash at bank and in hand | 54/58 | €44,218 | €70,968 | +€26,750 | +60.5% |
| Total equity and liabilities | 10/49 | €1,798,182 | €1,272,875 | -€525,307 | -29.2% |
| Equity | 10/15 | €1,157,843 | €18,625 | -€1.1m | -98.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,100,000 | - | -€1.1m | |
| Distributable reserves | 133 | €1,100,000 | - | -€1.1m | |
| Profit (loss) carried forward | 14 | €39,243 | €25 | -€39,218 | -99.9% |
| Amounts payable | 17/49 | €640,339 | €1,254,250 | +€613,911 | +95.9% |
| Amounts payable within one year | 42/48 | €640,339 | €1,251,035 | +€610,696 | +95.4% |
| Trade debts | 44 | €199,577 | €232,338 | +€32,761 | +16.4% |
| Suppliers | 440/4 | €199,577 | €232,338 | +€32,761 | +16.4% |
| Advances received on contracts in progress | 46 | €395,167 | €413,438 | +€18,271 | +4.6% |
| Taxes, remuneration and social security | 45 | €45,595 | €28,359 | -€17,236 | -37.8% |
| Taxes | 450/3 | €45,595 | €28,359 | -€17,236 | -37.8% |
| Other amounts payable | 47/48 | - | €576,900 | +€576,900 | |
| Accrued charges and deferred income | 492/3 | - | €3,215 | +€3,215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,344 | €30,309 | +€18,965 | +167.2% |
| Other operating charges | 640/8 | €2,261 | €2,315 | +€54 | +2.4% |
| Gross operating margin | 9900 | €625,920 | €795,936 | +€170,016 | +27.2% |
| Operating profit (loss) | 9901 | €612,315 | €763,313 | +€150,998 | +24.7% |
| Financial income | 75/76B | €4,350 | €675 | -€3,675 | -84.5% |
| Recurring financial income | 75 | €4,350 | €675 | -€3,675 | -84.5% |
| Financial charges | 65/66B | €4,553 | €7,047 | +€2,494 | +54.8% |
| Recurring financial charges | 65 | €4,553 | €7,047 | +€2,494 | +54.8% |
| Profit (loss) for the period before taxes | 9903 | €612,111 | €756,940 | +€144,829 | +23.7% |
| Income taxes | 67/77 | €154,100 | €189,258 | +€35,158 | +22.8% |
| Profit (loss) for the period | 9904 | €458,011 | €567,682 | +€109,671 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €458,011 | €567,682 | +€109,671 | +23.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.