MAGUSIAK IT SERVICES: 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.
MAGUSIAK IT SERVICES
Largest movements
- Current investments +€20,000
up €20,000 (+26.7%), from €75,000 to €95,000
- Receivables within one year -€19,410
down €19,410 (-62.8%), from €30,917 to €11,508
of which Trade receivables: -€18,392
- Cash -€17,692
down €17,692 (-26.8%), from €66,087 to €48,395
mainly Contributions, distributions and other (-€91,881) and Current investments (-€20,000)
- Tangible fixed assets -€2,400
down €2,400 (-72.6%), from €3,306 to €907
- Reserves -€46,300
down €46,300 (-52.3%), from €88,540 to €42,240
- Other debts +€18,784
up €18,784 (+28.9%), from €65,091 to €83,875
- Tax, wage and social debts +€7,138
up €7,138 (+82.3%), from €8,672 to €15,810
- Gross operating margin -€23,626
down €23,626 (-28.7%), from €82,260 to €58,634
- Taxes -€4,671
down €4,671 (-27.4%), from €17,060 to €12,389
- Depreciation -€1,116
down €1,116 (-67.0%), from €1,667 to €551
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 | €175,311 | €155,809 | -€19,502 | -11.1% |
| Fixed assets | 21/28 | €3,306 | €907 | -€2,400 | -72.6% |
| Tangible fixed assets | 22/27 | €3,306 | €907 | -€2,400 | -72.6% |
| Furniture and vehicles | 24 | €3,306 | €907 | -€2,400 | -72.6% |
| Current assets | 29/58 | €172,005 | €154,902 | -€17,102 | -9.9% |
| Amounts receivable within one year | 40/41 | €30,917 | €11,508 | -€19,410 | -62.8% |
| Trade receivables | 40 | €18,392 | €0 | -€18,392 | -100% |
| Other amounts receivable | 41 | €12,525 | €11,508 | -€1,018 | -8.1% |
| Current investments | 50/53 | €75,000 | €95,000 | +€20,000 | +26.7% |
| Cash at bank and in hand | 54/58 | €66,087 | €48,395 | -€17,692 | -26.8% |
| Total equity and liabilities | 10/49 | €175,311 | €155,809 | -€19,502 | -11.1% |
| Equity | 10/15 | €98,548 | €52,240 | -€46,308 | -47.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €88,540 | €42,240 | -€46,300 | -52.3% |
| Distributable reserves | 133 | €88,540 | €42,240 | -€46,300 | -52.3% |
| Profit (loss) carried forward | 14 | €8 | €0 | -€8 | -100% |
| Amounts payable | 17/49 | €76,763 | €103,569 | +€26,806 | +34.9% |
| Amounts payable within one year | 42/48 | €76,763 | €103,569 | +€26,806 | +34.9% |
| Trade debts | 44 | €3,000 | €3,884 | +€883 | +29.4% |
| Suppliers | 440/4 | €3,000 | €3,884 | +€883 | +29.4% |
| Taxes, remuneration and social security | 45 | €8,672 | €15,810 | +€7,138 | +82.3% |
| Taxes | 450/3 | €8,672 | €15,810 | +€7,138 | +82.3% |
| Other amounts payable | 47/48 | €65,091 | €83,875 | +€18,784 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,667 | €551 | -€1,116 | -67.0% |
| Other operating charges | 640/8 | €510 | €913 | +€403 | +79.0% |
| Non-recurring operating charges | 66A | - | €407 | +€407 | |
| Gross operating margin | 9900 | €82,260 | €58,634 | -€23,626 | -28.7% |
| Operating profit (loss) | 9901 | €80,083 | €56,763 | -€23,320 | -29.1% |
| Financial income | 75/76B | €2,069 | €1,250 | -€819 | -39.6% |
| Recurring financial income | 75 | €2,069 | €1,250 | -€819 | -39.6% |
| Financial charges | 65/66B | €0 | €51 | +€51 | |
| Recurring financial charges | 65 | €0 | €51 | +€51 | |
| Profit (loss) for the period before taxes | 9903 | €82,152 | €57,962 | -€24,190 | -29.4% |
| Income taxes | 67/77 | €17,060 | €12,389 | -€4,671 | -27.4% |
| Profit (loss) for the period | 9904 | €65,091 | €45,573 | -€19,518 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,091 | €45,573 | -€19,518 | -30.0% |
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 19 October 2026 via checked.be.