Magrocon: 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.
Magrocon
Largest movements
- Stocks and contracts +€49,497
new in 2025: €49,497
- Cash -€15,614
down €15,614 (-10.7%), from €146,559 to €130,945
mainly Stocks and contracts (-€49,497) and Investment in fixed assets (net) (-€1,506)
- Reserves +€13,942
up €13,942 (+3.4%), from €405,581 to €419,524
- Tax, wage and social debts +€9,000
up €9,000 (+177.6%), from €5,069 to €14,069
of which Remuneration and social security: +€9,000
- Trade debts +€7,090
up €7,090 (+5655.9%), from €125 to €7,216
- Gross operating margin -€66,127
down €66,127 (-73.5%), from €89,941 to €23,813
- Taxes -€11,863
down €11,863 (-74.8%), from €15,869 to €4,006
- Staff costs -€5,412
no longer reported in 2025 (was €5,412)
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.
Cash bridge derived
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 | €414,298 | €443,913 | +€29,615 | +7.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €19,233 | €16,901 | -€2,332 | -12.1% |
| Tangible fixed assets | 22/27 | €18,948 | €16,431 | -€2,516 | -13.3% |
| Plant, machinery and equipment | 23 | €13,948 | €10,153 | -€3,795 | -27.2% |
| Furniture and vehicles | 24 | €5,000 | €6,278 | +€1,278 | +25.6% |
| Financial fixed assets | 28 | €286 | €470 | +€184 | +64.5% |
| Current assets | 29/58 | €395,064 | €427,012 | +€31,948 | +8.1% |
| Stocks and contracts in progress | 3 | - | €49,497 | +€49,497 | |
| Contracts in progress | 37 | - | €49,497 | +€49,497 | |
| Amounts receivable within one year | 40/41 | €45,886 | €44,994 | -€892 | -1.9% |
| Trade receivables | 40 | €18,711 | €6,023 | -€12,688 | -67.8% |
| Other amounts receivable | 41 | €27,176 | €38,971 | +€11,796 | +43.4% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €146,559 | €130,945 | -€15,614 | -10.7% |
| Deferred charges and accrued income | 490/1 | €2,619 | €1,577 | -€1,043 | -39.8% |
| Total equity and liabilities | 10/49 | €414,298 | €443,913 | +€29,615 | +7.1% |
| Equity | 10/15 | €408,081 | €422,024 | +€13,942 | +3.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €405,581 | €419,524 | +€13,942 | +3.4% |
| Distributable reserves | 133 | €405,581 | €419,524 | +€13,942 | +3.4% |
| Amounts payable | 17/49 | €6,217 | €21,890 | +€15,673 | +252.1% |
| Amounts payable within one year | 42/48 | €6,217 | €21,890 | +€15,673 | +252.1% |
| Trade debts | 44 | €125 | €7,216 | +€7,090 | +5655.9% |
| Suppliers | 440/4 | €125 | €7,216 | +€7,090 | +5655.9% |
| Taxes, remuneration and social security | 45 | €5,069 | €14,069 | +€9,000 | +177.6% |
| Taxes | 450/3 | €5,069 | €5,069 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €9,000 | +€9,000 | |
| Other amounts payable | 47/48 | €1,023 | €606 | -€417 | -40.8% |
| Remuneration, social security and pensions | 62 | €5,412 | - | -€5,412 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,432 | €3,839 | -€593 | -13.4% |
| Other operating charges | 640/8 | €1,317 | €1,610 | +€293 | +22.3% |
| Gross operating margin | 9900 | €89,941 | €23,813 | -€66,127 | -73.5% |
| Operating profit (loss) | 9901 | €78,779 | €18,364 | -€60,415 | -76.7% |
| Financial income | 75/76B | €717 | €328 | -€388 | -54.2% |
| Recurring financial income | 75 | €717 | €328 | -€388 | -54.2% |
| Financial charges | 65/66B | €726 | €744 | +€18 | +2.5% |
| Recurring financial charges | 65 | €726 | €744 | +€18 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €78,770 | €17,948 | -€60,822 | -77.2% |
| Income taxes | 67/77 | €15,869 | €4,006 | -€11,863 | -74.8% |
| Profit (loss) for the period | 9904 | €62,901 | €13,942 | -€48,958 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,901 | €13,942 | -€48,958 | -77.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.