MAGRITTE IMMO: 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.
MAGRITTE IMMO
Largest movements
- Cash +€718,194
up €718,194 (+14,198%), from €5,059 to €723,252
mainly Net result for the year (+€459,466) and Short-term financial debts (+€257,878)
- Stocks and contracts -€165,736
down €165,736 (-4.9%), from €3.4m to €3.2m
of which Contracts in progress: -€3.4m
- Receivables within one year +€40,352
up €40,352 (+16,674%), from €242 to €40,594
of which Trade receivables: +€40,352
- Profit (loss) carried forward +€453,316
up €453,316, from -€32,443 to €420,873
- Trade debts -€364,832
down €364,832 (-39.5%), from €923,360 to €558,528
- Short-term financial debts +€257,878
up €257,878 (+16.0%), from €1.6m to €1.9m
- Tax, wage and social debts +€215,548
up €215,548 (+985%), from €21,893 to €237,441
- Gross operating margin +€647,031
up €647,031 (+791%), from €81,750 to €728,781
- Taxes +€142,284
up €142,284 (+250,148%), from €57 to €142,341
- Financial charges +€8,182
up €8,182 (+7.2%), from €113,974 to €122,156
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 | €3,416,010 | €4,008,819 | +€592,809 | +17.4% |
| Current assets | 29/58 | €3,416,010 | €4,008,819 | +€592,809 | +17.4% |
| Stocks and contracts in progress | 3 | €3,410,710 | €3,244,973 | -€165,736 | -4.9% |
| Stocks | 30/36 | - | €3,244,973 | +€3.2m | |
| Contracts in progress | 37 | €3,410,710 | €0 | -€3.4m | -100% |
| Amounts receivable within one year | 40/41 | €242 | €40,594 | +€40,352 | +16,674% |
| Trade receivables | 40 | €242 | €40,594 | +€40,352 | +16,674% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €5,059 | €723,252 | +€718,194 | +14,198% |
| Total equity and liabilities | 10/49 | €3,416,010 | €4,008,819 | +€592,809 | +17.4% |
| Equity | 10/15 | €29,057 | €488,523 | +€459,466 | +1,581% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €6,150 | +€6,150 | |
| Non-distributable reserves | 130/1 | - | €6,150 | +€6,150 | |
| Legal reserve | 130 | - | €6,150 | +€6,150 | |
| Profit (loss) carried forward | 14 | -€32,443 | €420,873 | +€453,316 | |
| Amounts payable | 17/49 | €3,386,954 | €3,520,296 | +€133,343 | +3.9% |
| Amounts payable within one year | 42/48 | €3,386,954 | €3,520,296 | +€133,343 | +3.9% |
| Financial debts | 43 | €1,616,754 | €1,874,632 | +€257,878 | +16.0% |
| Credit institutions | 430/8 | €1,616,754 | €1,874,632 | +€257,878 | +16.0% |
| Trade debts | 44 | €923,360 | €558,528 | -€364,832 | -39.5% |
| Suppliers | 440/4 | €923,360 | €558,528 | -€364,832 | -39.5% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €21,893 | €237,441 | +€215,548 | +985% |
| Taxes | 450/3 | €21,893 | €237,441 | +€215,548 | +985% |
| Other amounts payable | 47/48 | €824,946 | €849,695 | +€24,748 | +3.0% |
| Other operating charges | 640/8 | €356 | €5,744 | +€5,388 | +1,513% |
| Gross operating margin | 9900 | €81,750 | €728,781 | +€647,031 | +791% |
| Operating profit (loss) | 9901 | €81,394 | €723,037 | +€641,643 | +788% |
| Financial income | 75/76B | €194 | €927 | +€733 | +378% |
| Recurring financial income | 75 | €194 | €927 | +€733 | +378% |
| Financial charges | 65/66B | €113,974 | €122,156 | +€8,182 | +7.2% |
| Recurring financial charges | 65 | €113,974 | €122,156 | +€8,182 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€32,386 | €601,807 | +€634,194 | |
| Income taxes | 67/77 | €57 | €142,341 | +€142,284 | +250,148% |
| Profit (loss) for the period | 9904 | -€32,443 | €459,466 | +€491,910 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,443 | €459,466 | +€491,910 |
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 20 October 2026 via checked.be.