MAGRACON: 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.
MAGRACON
Largest movements
- Receivables within one year -€7,437
down €7,437 (-1.2%), from €618,692 to €611,255
of which Trade receivables: -€6,825
- Tax, wage and social debts -€21,912
down €21,912 (-16.5%), from €133,067 to €111,155
of which Remuneration and social security: -€13,864
- Reserves +€9,508
up €9,508 (+2.0%), from €480,658 to €490,166
- Staff costs -€14,841
down €14,841 (-1.4%), from €1.1m to €1.0m
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 | €635,751 | €622,526 | -€13,225 | -2.1% |
| Current assets | 29/58 | €635,751 | €622,526 | -€13,225 | -2.1% |
| Amounts receivable within one year | 40/41 | €618,692 | €611,255 | -€7,437 | -1.2% |
| Trade receivables | 40 | €617,590 | €610,766 | -€6,825 | -1.1% |
| Other amounts receivable | 41 | €1,102 | €489 | -€613 | -55.6% |
| Cash at bank and in hand | 54/58 | €17,059 | €11,272 | -€5,788 | -33.9% |
| Total equity and liabilities | 10/49 | €635,751 | €622,526 | -€13,225 | -2.1% |
| Equity | 10/15 | €500,658 | €510,166 | +€9,508 | +1.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €480,658 | €490,166 | +€9,508 | +2.0% |
| Distributable reserves | 133 | €480,658 | €490,166 | +€9,508 | +2.0% |
| Amounts payable | 17/49 | €135,093 | €112,360 | -€22,733 | -16.8% |
| Amounts payable within one year | 42/48 | €135,093 | €112,360 | -€22,733 | -16.8% |
| Trade debts | 44 | €2,027 | €1,206 | -€821 | -40.5% |
| Suppliers | 440/4 | €2,027 | €1,206 | -€821 | -40.5% |
| Taxes, remuneration and social security | 45 | €133,067 | €111,155 | -€21,912 | -16.5% |
| Taxes | 450/3 | €73,108 | €65,060 | -€8,047 | -11.0% |
| Remuneration and social security | 454/9 | €59,959 | €46,094 | -€13,864 | -23.1% |
| Remuneration, social security and pensions | 62 | €1,061,913 | €1,047,073 | -€14,841 | -1.4% |
| Other operating charges | 640/8 | €593 | €608 | +€14 | +2.4% |
| Gross operating margin | 9900 | €1,069,152 | €1,061,441 | -€7,711 | -0.7% |
| Operating profit (loss) | 9901 | €6,645 | €13,761 | +€7,115 | +107% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €29 | €29 | +€1 | +3.0% |
| Recurring financial charges | 65 | €29 | €29 | +€1 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €6,617 | €13,737 | +€7,120 | +108% |
| Income taxes | 67/77 | €2,511 | €4,229 | +€1,718 | +68.4% |
| Profit (loss) for the period | 9904 | €4,106 | €9,508 | +€5,402 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €4,106 | €9,508 | +€5,402 | +132% |
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 19 October 2026 via checked.be.