MAGRILHOVE: 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.
MAGRILHOVE
Largest movements
- Tangible fixed assets -€25,953
down €25,953 (-15.3%), from €169,598 to €143,645
- Cash -€17,222
down €17,222 (-33.6%), from €51,195 to €33,973
mainly Net result for the year (-€59,699) and Deferred charges and accrued income (-€1,450)
- Receivables within one year -€8,590
down €8,590 (-86.8%), from €9,900 to €1,310
of which Trade receivables: -€5,000
- Formation expenses -€2,407
down €2,407 (-40.0%), from €6,017 to €3,610
- Profit (loss) carried forward -€59,699
down €59,699 (-124%), from -€47,987 to -€107,686
- Advances received +€3,300
new in 2025: €3,300
- Trade debts +€2,812
new in 2025: €2,812
- Taxes +€21,000
no longer reported in 2025 (was -€21,000)
- Gross operating margin -€18,429
down €18,429 (-184%), from -€10,000 to -€28,428
- Turnover -€17,875
down €17,875 (-83.2%), from €21,475 to €3,600
- Depreciation -€4,713
down €4,713 (-14.3%), from €33,073 to €28,360
- Financial income -€1,030
down €1,030 (-79.3%), from €1,298 to €269
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 | €239,710 | €186,988 | -€52,722 | -22.0% |
| Formation expenses | 20 | €6,017 | €3,610 | -€2,407 | -40.0% |
| Fixed assets | 21/28 | €169,598 | €143,645 | -€25,953 | -15.3% |
| Tangible fixed assets | 22/27 | €169,598 | €143,645 | -€25,953 | -15.3% |
| Land and buildings | 22 | €169,598 | €143,645 | -€25,953 | -15.3% |
| Current assets | 29/58 | €64,095 | €39,732 | -€24,362 | -38.0% |
| Amounts receivable within one year | 40/41 | €9,900 | €1,310 | -€8,590 | -86.8% |
| Trade receivables | 40 | €5,000 | - | -€5,000 | |
| Other amounts receivable | 41 | €4,900 | €1,310 | -€3,590 | -73.3% |
| Cash at bank and in hand | 54/58 | €51,195 | €33,973 | -€17,222 | -33.6% |
| Deferred charges and accrued income | 490/1 | €3,000 | €4,450 | +€1,450 | +48.3% |
| Total equity and liabilities | 10/49 | €239,710 | €186,988 | -€52,722 | -22.0% |
| Equity | 10/15 | €239,610 | €179,910 | -€59,699 | -24.9% |
| Contributions | 10/11 | €252,202 | €252,202 | = | 0.0% |
| Reserves | 13 | €35,394 | €35,394 | = | 0.0% |
| Distributable reserves | 133 | €35,394 | €35,394 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,987 | -€107,686 | -€59,699 | -124% |
| Amounts payable | 17/49 | €101 | €7,078 | +€6,978 | +6,942% |
| Amounts payable within one year | 42/48 | €101 | €7,078 | +€6,978 | +6,942% |
| Trade debts | 44 | - | €2,812 | +€2,812 | |
| Suppliers | 440/4 | - | €2,812 | +€2,812 | |
| Advances received on contracts in progress | 46 | - | €3,300 | +€3,300 | |
| Taxes, remuneration and social security | 45 | €101 | €101 | = | 0.0% |
| Taxes | 450/3 | €101 | €101 | = | 0.0% |
| Other amounts payable | 47/48 | - | €866 | +€866 | |
| Turnover | 70 | €21,475 | €3,600 | -€17,875 | -83.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €31,475 | €32,028 | +€554 | +1.8% |
| Remuneration, social security and pensions | 62 | €184 | - | -€184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,073 | €28,360 | -€4,713 | -14.3% |
| Other operating charges | 640/8 | €2,923 | €3,010 | +€87 | +3.0% |
| Gross operating margin | 9900 | -€10,000 | -€28,428 | -€18,429 | -184% |
| Operating profit (loss) | 9901 | -€46,179 | -€59,798 | -€13,619 | -29.5% |
| Financial income | 75/76B | €1,298 | €269 | -€1,030 | -79.3% |
| Recurring financial income | 75 | €1,298 | €269 | -€1,030 | -79.3% |
| Financial charges | 65/66B | €144 | €170 | +€26 | +18.0% |
| Recurring financial charges | 65 | €144 | €170 | +€26 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | -€45,025 | -€59,699 | -€14,674 | -32.6% |
| Income taxes | 67/77 | -€21,000 | - | +€21,000 | |
| Profit (loss) for the period | 9904 | -€24,025 | -€59,699 | -€35,674 | -148% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,025 | -€59,699 | -€35,674 | -148% |
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 27 October 2026 via checked.be.