MAGRANA: 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.
MAGRANA
Largest movements
- Tangible fixed assets -€42,165
down €42,165 (-2.9%), from €1.4m to €1.4m
of which Land and buildings: -€37,863
- Cash +€36,725
up €36,725 (+235%), from €15,650 to €52,375
mainly Depreciation (+€56,727) and Net result for the year (+€22,529)
- Debts after one year -€54,576
down €54,576 (-6.9%), from €785,638 to €731,063
- Reserves +€21,818
up €21,818 (+27.2%), from €80,274 to €102,092
of which Distributable reserves: +€21,818
- Current portion of long-term debt +€17,784
up €17,784 (+75.3%), from €23,629 to €41,412
- Trade debts -€14,822
down €14,822 (-7.9%), from €186,769 to €171,948
- Gross operating margin -€32,832
down €32,832 (-20.8%), from €158,066 to €125,233
- Depreciation +€21,510
up €21,510 (+61.1%), from €35,217 to €56,727
- Taxes -€17,685
down €17,685 (-56.4%), from €31,376 to €13,691
- Financial charges +€12,781
up €12,781 (+117%), from €10,957 to €23,738
- Other operating charges +€2,799
up €2,799 (+48.6%), from €5,754 to €8,554
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 | €1,482,024 | €1,470,369 | -€11,655 | -0.8% |
| Fixed assets | 21/28 | €1,439,221 | €1,397,056 | -€42,165 | -2.9% |
| Tangible fixed assets | 22/27 | €1,439,221 | €1,397,056 | -€42,165 | -2.9% |
| Land and buildings | 22 | €1,383,900 | €1,346,037 | -€37,863 | -2.7% |
| Plant, machinery and equipment | 23 | €44,334 | €46,282 | +€1,947 | +4.4% |
| Furniture and vehicles | 24 | €10,987 | €4,737 | -€6,250 | -56.9% |
| Current assets | 29/58 | €42,803 | €73,313 | +€30,510 | +71.3% |
| Stocks and contracts in progress | 3 | €570 | €570 | = | 0.0% |
| Stocks | 30/36 | €570 | €570 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,500 | €17,219 | -€7,282 | -29.7% |
| Trade receivables | 40 | €24,500 | €16,282 | -€8,219 | -33.5% |
| Other amounts receivable | 41 | - | €937 | +€937 | |
| Cash at bank and in hand | 54/58 | €15,650 | €52,375 | +€36,725 | +235% |
| Deferred charges and accrued income | 490/1 | €2,082 | €3,149 | +€1,067 | +51.3% |
| Total equity and liabilities | 10/49 | €1,482,024 | €1,470,369 | -€11,655 | -0.8% |
| Equity | 10/15 | €323,053 | €345,582 | +€22,529 | +7.0% |
| Contributions | 10/11 | €21,334 | €21,334 | = | 0.0% |
| Reserves | 13 | €80,274 | €102,092 | +€21,818 | +27.2% |
| Tax-exempt reserves | 132 | €20,274 | €20,274 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €81,818 | +€21,818 | +36.4% |
| Profit (loss) carried forward | 14 | €221,445 | €222,156 | +€711 | +0.3% |
| Amounts payable | 17/49 | €1,158,971 | €1,124,787 | -€34,184 | -2.9% |
| Amounts payable after more than one year | 17 | €785,638 | €731,063 | -€54,576 | -6.9% |
| Financial debts | 170/4 | €785,638 | €731,063 | -€54,576 | -6.9% |
| Amounts payable within one year | 42/48 | €373,333 | €393,724 | +€20,392 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €23,629 | €41,412 | +€17,784 | +75.3% |
| Trade debts | 44 | €186,769 | €171,948 | -€14,822 | -7.9% |
| Suppliers | 440/4 | €186,769 | €171,948 | -€14,822 | -7.9% |
| Taxes, remuneration and social security | 45 | €108,361 | €115,257 | +€6,896 | +6.4% |
| Taxes | 450/3 | €63,111 | €55,507 | -€7,604 | -12.0% |
| Remuneration and social security | 454/9 | €45,250 | €59,750 | +€14,500 | +32.0% |
| Other amounts payable | 47/48 | €54,574 | €65,108 | +€10,534 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,217 | €56,727 | +€21,510 | +61.1% |
| Other operating charges | 640/8 | €5,754 | €8,554 | +€2,799 | +48.6% |
| Gross operating margin | 9900 | €158,066 | €125,233 | -€32,832 | -20.8% |
| Operating profit (loss) | 9901 | €117,094 | €59,952 | -€57,142 | -48.8% |
| Financial income | 75/76B | €2,575 | €5 | -€2,570 | -99.8% |
| Recurring financial income | 75 | €2,575 | €5 | -€2,570 | -99.8% |
| Financial charges | 65/66B | €10,957 | €23,738 | +€12,781 | +117% |
| Recurring financial charges | 65 | €10,957 | €23,738 | +€12,781 | +117% |
| Profit (loss) for the period before taxes | 9903 | €108,713 | €36,220 | -€72,492 | -66.7% |
| Income taxes | 67/77 | €31,376 | €13,691 | -€17,685 | -56.4% |
| Profit (loss) for the period | 9904 | €77,337 | €22,529 | -€54,808 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,337 | €22,529 | -€54,808 | -70.9% |
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 28 October 2026 via checked.be.