Magnus RE: 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.
Magnus RE
Largest movements
- Cash +€26,699
up €26,699 (+53.8%), from €49,648 to €76,347
mainly Net result for the year (+€80,711) and Current portion of long-term debt (+€6,053)
- Tangible fixed assets +€1,229
up €1,229 (+8.0%), from €15,399 to €16,628
of which Plant, machinery and equipment: +€13,170
- Receivables within one year -€1,164
down €1,164 (-6.2%), from €18,698 to €17,534
of which Trade receivables: -€1,132
- Reserves +€88,030
new in 2025: €88,030
- Other debts -€43,850
down €43,850 (-89.0%), from €49,247 to €5,397
- Tax, wage and social debts -€15,102
down €15,102 (-58.7%), from €25,744 to €10,642
- Profit (loss) carried forward -€7,319
no longer reported in 2025 (was €7,319)
- Current portion of long-term debt +€6,053
new in 2025: €6,053
- Gross operating margin +€37,995
up €37,995 (+54.9%), from €69,253 to €107,248
- Taxes +€8,294
up €8,294 (+59.5%), from €13,931 to €22,225
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 | €86,748 | €112,872 | +€26,123 | +30.1% |
| Fixed assets | 21/28 | €15,399 | €16,628 | +€1,229 | +8.0% |
| Tangible fixed assets | 22/27 | €15,399 | €16,628 | +€1,229 | +8.0% |
| Plant, machinery and equipment | 23 | - | €13,170 | +€13,170 | |
| Furniture and vehicles | 24 | €15,399 | €3,458 | -€11,941 | -77.5% |
| Current assets | 29/58 | €71,349 | €96,243 | +€24,894 | +34.9% |
| Amounts receivable within one year | 40/41 | €18,698 | €17,534 | -€1,164 | -6.2% |
| Trade receivables | 40 | €18,666 | €17,534 | -€1,132 | -6.1% |
| Other amounts receivable | 41 | €32 | - | -€32 | |
| Cash at bank and in hand | 54/58 | €49,648 | €76,347 | +€26,699 | +53.8% |
| Deferred charges and accrued income | 490/1 | €3,004 | €2,363 | -€641 | -21.3% |
| Total equity and liabilities | 10/49 | €86,748 | €112,872 | +€26,123 | +30.1% |
| Equity | 10/15 | €8,319 | €89,030 | +€80,711 | +970% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €88,030 | +€88,030 | |
| Distributable reserves | 133 | - | €88,030 | +€88,030 | |
| Profit (loss) carried forward | 14 | €7,319 | - | -€7,319 | |
| Amounts payable | 17/49 | €78,430 | €23,842 | -€54,588 | -69.6% |
| Amounts payable within one year | 42/48 | €78,430 | €23,842 | -€54,588 | -69.6% |
| Current portion of amounts payable after more than one year | 42 | - | €6,053 | +€6,053 | |
| Trade debts | 44 | €3,439 | €1,750 | -€1,689 | -49.1% |
| Suppliers | 440/4 | €3,439 | €1,750 | -€1,689 | -49.1% |
| Taxes, remuneration and social security | 45 | €25,744 | €10,642 | -€15,102 | -58.7% |
| Taxes | 450/3 | €25,744 | €10,642 | -€15,102 | -58.7% |
| Other amounts payable | 47/48 | €49,247 | €5,397 | -€43,850 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,141 | €3,025 | +€884 | +41.3% |
| Other operating charges | 640/8 | €1,005 | €695 | -€310 | -30.8% |
| Gross operating margin | 9900 | €69,253 | €107,248 | +€37,995 | +54.9% |
| Operating profit (loss) | 9901 | €66,107 | €103,527 | +€37,420 | +56.6% |
| Financial income | 75/76B | - | €275 | +€275 | |
| Recurring financial income | 75 | - | €275 | +€275 | |
| Financial charges | 65/66B | €1,097 | €866 | -€231 | -21.1% |
| Recurring financial charges | 65 | €1,097 | €866 | -€231 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €65,010 | €102,936 | +€37,926 | +58.3% |
| Income taxes | 67/77 | €13,931 | €22,225 | +€8,294 | +59.5% |
| Profit (loss) for the period | 9904 | €51,079 | €80,711 | +€29,632 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,079 | €80,711 | +€29,632 | +58.0% |
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 29 October 2026 via checked.be.