MAGOTEC: 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.
MAGOTEC
Largest movements
- Receivables within one year -€91,474
down €91,474 (-37.0%), from €246,932 to €155,458
of which Other amounts receivable: -€96,447
- Cash +€73,991
up €73,991 (+6524.5%), from €1,134 to €75,125
mainly Receivables within one year (+€91,474) and Receivables after one year (+€69,308)
- Receivables after one year -€69,308
no longer reported in 2024 (was €69,308)
- Tangible fixed assets +€63,644
up €63,644 (+164.8%), from €38,610 to €102,254
of which Land and buildings: +€72,842
- Deferred charges and accrued income +€3,725
up €3,725 (+489.3%), from €761 to €4,486
- Trade debts -€15,724
down €15,724 (-17.6%), from €89,251 to €73,527
- Tax, wage and social debts +€10,049
up €10,049 (+114.5%), from €8,779 to €18,828
of which Taxes: +€10,576
- Debts after one year -€9,724
down €9,724 (-6.6%), from €146,588 to €136,864
- Current portion of long-term debt -€7,225
down €7,225 (-17.2%), from €41,949 to €34,724
- Gross operating margin +€8,104
up €8,104 (+47.3%), from €17,149 to €25,253
- Depreciation +€4,663
up €4,663 (+42.9%), from €10,880 to €15,543
- Financial charges +€3,496
up €3,496 (+90.7%), from €3,853 to €7,349
- Financial income -€1,343
down €1,343 (-98.8%), from €1,359 to €16
- Other operating charges -€965
down €965 (-45.9%), from €2,102 to €1,137
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €361,786 | €342,363 | -€19,423 | -5.4% |
| Fixed assets | 21/28 | €43,650 | €107,294 | +€63,644 | +145.8% |
| Tangible fixed assets | 22/27 | €38,610 | €102,254 | +€63,644 | +164.8% |
| Land and buildings | 22 | €23,110 | €95,952 | +€72,842 | +315.2% |
| Plant, machinery and equipment | 23 | €213 | - | -€213 | |
| Furniture and vehicles | 24 | €15,287 | €6,302 | -€8,985 | -58.8% |
| Financial fixed assets | 28 | €5,040 | €5,040 | = | 0.0% |
| Current assets | 29/58 | €318,135 | €235,068 | -€83,067 | -26.1% |
| Amounts receivable after more than one year | 29 | €69,308 | - | -€69,308 | |
| Other amounts receivable | 291 | €69,308 | - | -€69,308 | |
| Amounts receivable within one year | 40/41 | €246,932 | €155,458 | -€91,474 | -37.0% |
| Trade receivables | 40 | €133,235 | €138,208 | +€4,973 | +3.7% |
| Other amounts receivable | 41 | €113,697 | €17,250 | -€96,447 | -84.8% |
| Cash at bank and in hand | 54/58 | €1,134 | €75,125 | +€73,991 | +6524.5% |
| Deferred charges and accrued income | 490/1 | €761 | €4,486 | +€3,725 | +489.3% |
| Total equity and liabilities | 10/49 | €361,786 | €342,363 | -€19,423 | -5.4% |
| Equity | 10/15 | €68,288 | €69,525 | +€1,237 | +1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €55,888 | €57,125 | +€1,237 | +2.2% |
| Non-distributable reserves | 130/1 | €469 | €469 | = | 0.0% |
| Reserves not available under the articles | 1311 | €469 | €469 | = | 0.0% |
| Distributable reserves | 133 | €55,419 | €56,656 | +€1,237 | +2.2% |
| Amounts payable | 17/49 | €293,497 | €272,838 | -€20,660 | -7.0% |
| Amounts payable after more than one year | 17 | €146,588 | €136,864 | -€9,724 | -6.6% |
| Financial debts | 170/4 | €146,588 | €136,864 | -€9,724 | -6.6% |
| Amounts payable within one year | 42/48 | €146,909 | €135,974 | -€10,935 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €41,949 | €34,724 | -€7,225 | -17.2% |
| Trade debts | 44 | €89,251 | €73,527 | -€15,724 | -17.6% |
| Suppliers | 440/4 | €89,251 | €73,527 | -€15,724 | -17.6% |
| Taxes, remuneration and social security | 45 | €8,779 | €18,828 | +€10,049 | +114.5% |
| Taxes | 450/3 | €8,252 | €18,828 | +€10,576 | +128.2% |
| Remuneration and social security | 454/9 | €527 | - | -€527 | |
| Other amounts payable | 47/48 | €6,930 | €8,895 | +€1,965 | +28.3% |
| Non-recurring operating income | 76A | €1,143 | - | -€1,143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,880 | €15,543 | +€4,663 | +42.9% |
| Other operating charges | 640/8 | €2,102 | €1,137 | -€965 | -45.9% |
| Gross operating margin | 9900 | €17,149 | €25,253 | +€8,104 | +47.3% |
| Operating profit (loss) | 9901 | €4,166 | €8,573 | +€4,406 | +105.8% |
| Financial income | 75/76B | €1,359 | €16 | -€1,343 | -98.8% |
| Recurring financial income | 75 | €1,359 | €16 | -€1,343 | -98.8% |
| Financial charges | 65/66B | €3,853 | €7,349 | +€3,496 | +90.7% |
| Recurring financial charges | 65 | €3,853 | €7,349 | +€3,496 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | €1,672 | €1,240 | -€433 | -25.9% |
| Income taxes | 67/77 | €44 | €3 | -€41 | -93.3% |
| Profit (loss) for the period | 9904 | €1,628 | €1,237 | -€392 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,628 | €1,237 | -€392 | -24.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.