MAGOCO: 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.
MAGOCO
Largest movements
- Current investments +€294,714
up €294,714 (+240.8%), from €122,364 to €417,078
- Receivables within one year +€48,551
up €48,551 (+53.2%), from €91,183 to €139,734
of which Trade receivables: +€48,714
- Profit (loss) carried forward +€359,536
new in 2025: €359,536
- Tax, wage and social debts -€29,121
down €29,121 (-53.8%), from €54,088 to €24,968
- Other debts +€11,381
up €11,381 (+464.8%), from €2,449 to €13,830
- Gross operating margin +€236,091
up €236,091 (+97.7%), from €241,640 to €477,731
- Taxes +€43,467
up €43,467 (+60.5%), from €71,891 to €115,358
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 | €251,988 | €594,998 | +€343,010 | +136.1% |
| Fixed assets | 21/28 | €6,999 | €5,186 | -€1,814 | -25.9% |
| Tangible fixed assets | 22/27 | €6,999 | €5,186 | -€1,814 | -25.9% |
| Furniture and vehicles | 24 | €6,999 | €5,186 | -€1,814 | -25.9% |
| Current assets | 29/58 | €244,988 | €589,812 | +€344,824 | +140.8% |
| Amounts receivable within one year | 40/41 | €91,183 | €139,734 | +€48,551 | +53.2% |
| Trade receivables | 40 | €90,311 | €139,026 | +€48,714 | +53.9% |
| Other amounts receivable | 41 | €872 | €708 | -€164 | -18.8% |
| Current investments | 50/53 | €122,364 | €417,078 | +€294,714 | +240.8% |
| Cash at bank and in hand | 54/58 | €30,478 | €29,966 | -€512 | -1.7% |
| Deferred charges and accrued income | 490/1 | €963 | €3,034 | +€2,071 | +215.1% |
| Total equity and liabilities | 10/49 | €251,988 | €594,998 | +€343,010 | +136.1% |
| Equity | 10/15 | €193,373 | €552,909 | +€359,536 | +185.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €168,373 | €168,373 | = | 0.0% |
| Distributable reserves | 133 | €168,373 | €168,373 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €359,536 | +€359,536 | |
| Amounts payable | 17/49 | €58,615 | €42,089 | -€16,526 | -28.2% |
| Amounts payable within one year | 42/48 | €58,603 | €41,696 | -€16,906 | -28.8% |
| Financial debts | 43 | €1,749 | €2,899 | +€1,149 | +65.7% |
| Credit institutions | 430/8 | €1,749 | €2,899 | +€1,149 | +65.7% |
| Trade debts | 44 | €316 | - | -€316 | |
| Suppliers | 440/4 | €316 | - | -€316 | |
| Taxes, remuneration and social security | 45 | €54,088 | €24,968 | -€29,121 | -53.8% |
| Taxes | 450/3 | €54,088 | €24,968 | -€29,121 | -53.8% |
| Other amounts payable | 47/48 | €2,449 | €13,830 | +€11,381 | +464.8% |
| Accrued charges and deferred income | 492/3 | €12 | €393 | +€381 | +3088.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,270 | €1,814 | +€544 | +42.8% |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Gross operating margin | 9900 | €241,640 | €477,731 | +€236,091 | +97.7% |
| Operating profit (loss) | 9901 | €240,370 | €475,868 | +€235,497 | +98.0% |
| Financial income | 75/76B | €108 | €1,800 | +€1,692 | +1563.8% |
| Recurring financial income | 75 | €108 | €1,800 | +€1,692 | +1563.8% |
| Financial charges | 65/66B | €215 | €1,108 | +€893 | +415.2% |
| Recurring financial charges | 65 | €215 | €1,108 | +€893 | +415.2% |
| Profit (loss) for the period before taxes | 9903 | €240,263 | €476,559 | +€236,296 | +98.3% |
| Income taxes | 67/77 | €71,891 | €115,358 | +€43,467 | +60.5% |
| Profit (loss) for the period | 9904 | €168,373 | €361,202 | +€192,829 | +114.5% |
| Profit (loss) for the period to be appropriated | 9905 | €168,373 | €361,202 | +€192,829 | +114.5% |
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.