MAGORIUM: 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.
What changed
MAGORIUM
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€752,958
2024 · -€634,187-€118,771
Equity
€493,080
2024 · €1.2m-€752,959
Cash
€29,720
2024 · €10,694+€19,026
Balance sheet total
€35.0m
2024 · €37.5m-€2.5m
Largest movements
Assets
- Receivables after one year -€4.6m
down €4.6m (-38.4%), from €11.9m to €7.3m
- Receivables within one year +€2.2m
up €2.2m (+69.4%), from €3.1m to €5.3m
of which Other amounts receivable: +€2.3m
Equity and liabilities
- Debts after one year +€9.4m
up €9.4m (+222%), from €4.2m to €13.6m
- Current portion of long-term debt -€6.6m
down €6.6m (-95.2%), from €6.9m to €334,819
- Other debts -€3.7m
down €3.7m (-15.5%), from €23.6m to €20.0m
- Profit (loss) carried forward -€752,959
down €752,959, from €683,938 to -€69,021
- Trade debts -€445,323
down €445,323 (-77.3%), from €576,131 to €130,808
Income statement
- Financial charges -€401,653
down €401,653 (-34.4%), from €1.2m to €764,647
- Taxes +€388,114
up €388,114 (+20,278%), from €1,914 to €390,028
- Gross operating margin -€225,929
down €225,929 (-14.5%), from €1.6m to €1.3m
- Staff costs -€70,016
down €70,016 (-17.8%), from €394,299 to €324,283
- Financial income +€37,789
up €37,789 (+21.9%), from €172,611 to €210,400
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.
Result 2024
-€634,187
Gross operating margin
-€225,929
Staff costs
+€70,016
Depreciation
-€3,943
Other operating charges
-€10,243
Financial income
+€37,789
Financial charges
+€401,653
Taxes
-€388,114
Result 2025
-€752,958
raises the resultlowers the result
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.
From operations
-€2.2m
Investment
-€567,003
Financing
+€2.8m
Cash 2024
€10,694
From operations (derived)
-€2.2m
Net result for the year
-€752,958
Depreciation
+€749,259
Receivables after one year
+€4.6m
Receivables within one year
-€2.2m
Deferred charges and accrued income
-€758
Trade debts
-€445,323
Tax, wage and social debts
-€418,534
Other debts
-€3.7m
Accrued charges and deferred income
-€33,467
Investment (derived)
-€567,003
Investment in fixed assets (net)
-€567,003
Financing
+€2.8m
Debts after one year
+€9.4m
Current portion of long-term debt
-€6.6m
Contributions, distributions and other
-€1
Cash 2025
€29,720
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,506,401 | €34,960,176 | -€2.5m | -6.8% |
| Fixed assets | 21/28 | €22,462,170 | €22,279,914 | -€182,256 | -0.8% |
| Tangible fixed assets | 22/27 | €22,436,735 | €22,239,079 | -€197,656 | -0.9% |
| Land and buildings | 22 | €18,590,391 | €18,423,790 | -€166,601 | -0.9% |
| Plant, machinery and equipment | 23 | €10,882 | €8,558 | -€2,324 | -21.4% |
| Furniture and vehicles | 24 | €3,017,641 | €2,988,910 | -€28,731 | -1.0% |
| Other tangible fixed assets | 26 | €817,821 | €817,821 | = | 0.0% |
| Financial fixed assets | 28 | €25,435 | €40,835 | +€15,400 | +60.5% |
| Current assets | 29/58 | €15,044,231 | €12,680,262 | -€2.4m | -15.7% |
| Amounts receivable after more than one year | 29 | €11,871,456 | €7,318,241 | -€4.6m | -38.4% |
| Other amounts receivable | 291 | €11,871,456 | €7,318,241 | -€4.6m | -38.4% |
| Amounts receivable within one year | 40/41 | €3,125,263 | €5,294,725 | +€2.2m | +69.4% |
| Trade receivables | 40 | €2,228,395 | €2,127,741 | -€100,654 | -4.5% |
| Other amounts receivable | 41 | €896,868 | €3,166,984 | +€2.3m | +253% |
| Cash at bank and in hand | 54/58 | €10,694 | €29,720 | +€19,026 | +178% |
| Deferred charges and accrued income | 490/1 | €36,818 | €37,576 | +€758 | +2.1% |
| Total equity and liabilities | 10/49 | €37,506,401 | €34,960,176 | -€2.5m | -6.8% |
| Equity | 10/15 | €1,246,039 | €493,080 | -€752,959 | -60.4% |
| Contributions | 10/11 | €461,973 | €461,973 | = | 0.0% |
| Capital | 10 | €461,973 | €461,973 | = | 0.0% |
| Issued capital | 100 | €461,973 | €461,973 | = | 0.0% |
| Reserves | 13 | €100,128 | €100,128 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,197 | €46,197 | = | 0.0% |
| Legal reserve | 130 | €46,197 | €46,197 | = | 0.0% |
| Distributable reserves | 133 | €53,931 | €53,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | €683,938 | -€69,021 | -€752,959 | |
| Amounts payable | 17/49 | €36,260,362 | €34,467,096 | -€1.8m | -4.9% |
| Amounts payable after more than one year | 17 | €4,226,729 | €13,599,133 | +€9.4m | +222% |
| Financial debts | 170/4 | €4,226,729 | €13,599,133 | +€9.4m | +222% |
| Amounts payable within one year | 42/48 | €32,000,166 | €20,867,963 | -€11.1m | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €6,931,250 | €334,819 | -€6.6m | -95.2% |
| Trade debts | 44 | €576,131 | €130,808 | -€445,323 | -77.3% |
| Suppliers | 440/4 | €576,131 | €130,808 | -€445,323 | -77.3% |
| Taxes, remuneration and social security | 45 | €850,753 | €432,219 | -€418,534 | -49.2% |
| Taxes | 450/3 | €454,876 | €5,833 | -€449,043 | -98.7% |
| Remuneration and social security | 454/9 | €395,877 | €426,386 | +€30,509 | +7.7% |
| Other amounts payable | 47/48 | €23,642,032 | €19,970,117 | -€3.7m | -15.5% |
| Accrued charges and deferred income | 492/3 | €33,467 | - | -€33,467 | |
| Remuneration, social security and pensions | 62 | €394,299 | €324,283 | -€70,016 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €745,316 | €749,259 | +€3,943 | +0.5% |
| Other operating charges | 640/8 | €58,250 | €68,493 | +€10,243 | +17.6% |
| Gross operating margin | 9900 | €1,559,281 | €1,333,352 | -€225,929 | -14.5% |
| Operating profit (loss) | 9901 | €361,416 | €191,317 | -€170,099 | -47.1% |
| Financial income | 75/76B | €172,611 | €210,400 | +€37,789 | +21.9% |
| Recurring financial income | 75 | €172,611 | €210,400 | +€37,789 | +21.9% |
| Financial charges | 65/66B | €1,166,300 | €764,647 | -€401,653 | -34.4% |
| Recurring financial charges | 65 | €1,166,300 | €764,647 | -€401,653 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | -€632,273 | -€362,930 | +€269,343 | +42.6% |
| Income taxes | 67/77 | €1,914 | €390,028 | +€388,114 | +20,278% |
| Profit (loss) for the period | 9904 | -€634,187 | -€752,958 | -€118,771 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€634,187 | -€752,958 | -€118,771 | -18.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.