MAGUS SERPENTIUM: 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.
MAGUS SERPENTIUM
Largest movements
- Cash +€96,787
up €96,787 (+31.2%), from €310,594 to €407,381
mainly Other debts (+€166,533) and Net result for the year (+€162,009)
- Other debts +€166,533
up €166,533 (+136%), from €122,180 to €288,712
- Reserves -€37,991
down €37,991 (-17.5%), from €217,353 to €179,362
- Tax, wage and social debts -€35,913
down €35,913 (-84.1%), from €42,680 to €6,766
- Gross operating margin -€30,151
down €30,151 (-12.5%), from €241,781 to €211,630
- Taxes -€10,798
down €10,798 (-18.0%), from €60,144 to €49,346
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 | €382,811 | €475,812 | +€93,001 | +24.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €382,811 | €475,812 | +€93,001 | +24.3% |
| Amounts receivable within one year | 40/41 | €71,316 | €67,517 | -€3,799 | -5.3% |
| Trade receivables | 40 | €71,316 | €67,517 | -€3,799 | -5.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €310,594 | €407,381 | +€96,787 | +31.2% |
| Deferred charges and accrued income | 490/1 | €901 | €914 | +€13 | +1.4% |
| Total equity and liabilities | 10/49 | €382,811 | €475,812 | +€93,001 | +24.3% |
| Equity | 10/15 | €217,453 | €179,462 | -€37,991 | -17.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €217,353 | €179,362 | -€37,991 | -17.5% |
| Distributable reserves | 133 | €217,353 | €179,362 | -€37,991 | -17.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €165,357 | €296,349 | +€130,992 | +79.2% |
| Amounts payable within one year | 42/48 | €165,357 | €296,349 | +€130,992 | +79.2% |
| Trade debts | 44 | €498 | €871 | +€373 | +74.8% |
| Suppliers | 440/4 | €498 | €871 | +€373 | +74.8% |
| Taxes, remuneration and social security | 45 | €42,680 | €6,766 | -€35,913 | -84.1% |
| Taxes | 450/3 | €42,680 | €6,766 | -€35,913 | -84.1% |
| Other amounts payable | 47/48 | €122,180 | €288,712 | +€166,533 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213 | €0 | -€213 | -100% |
| Other operating charges | 640/8 | €1,023 | €1,055 | +€32 | +3.1% |
| Gross operating margin | 9900 | €241,781 | €211,630 | -€30,151 | -12.5% |
| Operating profit (loss) | 9901 | €240,545 | €210,576 | -€29,970 | -12.5% |
| Financial income | 75/76B | €2,779 | €1,333 | -€1,446 | -52.0% |
| Recurring financial income | 75 | €2,779 | €1,333 | -€1,446 | -52.0% |
| Financial charges | 65/66B | €538 | €554 | +€15 | +2.8% |
| Recurring financial charges | 65 | €538 | €554 | +€15 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €242,786 | €211,355 | -€31,431 | -12.9% |
| Income taxes | 67/77 | €60,144 | €49,346 | -€10,798 | -18.0% |
| Profit (loss) for the period | 9904 | €182,642 | €162,009 | -€20,633 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €182,642 | €162,009 | -€20,633 | -11.3% |
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 16 October 2026 via checked.be.