MAGUSTA: 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.
MAGUSTA
Largest movements
- Receivables after one year +€66,989
new in 2024: €66,989
- Receivables within one year -€14,876
down €14,876 (-30.7%), from €48,509 to €33,633
of which Trade receivables: -€15,266
- Tangible fixed assets +€4,888
new in 2024: €4,888
of which Other tangible fixed assets: +€2,678
- Deferred charges and accrued income -€4,348
no longer reported in 2024 (was €4,348)
- Other debts +€67,919
up €67,919 (+2.9%), from €2.3m to €2.4m
- Trade debts -€11,398
down €11,398 (-66.0%), from €17,279 to €5,881
- Tax, wage and social debts -€2,230
down €2,230 (-86.8%), from €2,570 to €340
- Profit (loss) carried forward -€1,539
down €1,539 (-0.1%), from -€3.0m to -€3.0m
- Gross operating margin -€27,545
down €27,545 (-99.4%), from €27,715 to €170
- Staff costs -€1,137
no longer reported in 2024 (was €1,137)
- Financial charges +€1,076
up €1,076 (+1647.5%), from €65 to €1,141
of which Non-recurring financial charges: +€1,033
- Financial income +€600
up €600 (+1876.5%), from €32 to €632
- Depreciation +€553
new in 2024: €553
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,208 | €105,959 | +€52,752 | +99.1% |
| Fixed assets | 21/28 | - | €4,888 | +€4,888 | |
| Tangible fixed assets | 22/27 | - | €4,888 | +€4,888 | |
| Furniture and vehicles | 24 | - | €2,210 | +€2,210 | |
| Other tangible fixed assets | 26 | - | €2,678 | +€2,678 | |
| Current assets | 29/58 | €53,208 | €101,071 | +€47,864 | +90.0% |
| Amounts receivable after more than one year | 29 | - | €66,989 | +€66,989 | |
| Other amounts receivable | 291 | - | €66,989 | +€66,989 | |
| Amounts receivable within one year | 40/41 | €48,509 | €33,633 | -€14,876 | -30.7% |
| Trade receivables | 40 | €48,509 | €33,243 | -€15,266 | -31.5% |
| Other amounts receivable | 41 | - | €390 | +€390 | |
| Cash at bank and in hand | 54/58 | €350 | €449 | +€99 | +28.2% |
| Deferred charges and accrued income | 490/1 | €4,348 | - | -€4,348 | |
| Total equity and liabilities | 10/49 | €53,208 | €105,959 | +€52,752 | +99.1% |
| Equity | 10/15 | -€2,907,838 | -€2,909,377 | -€1,539 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,368 | €84,368 | = | 0.0% |
| Distributable reserves | 133 | €84,368 | €84,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,010,807 | -€3,012,346 | -€1,539 | -0.1% |
| Amounts payable | 17/49 | €2,961,046 | €3,015,337 | +€54,291 | +1.8% |
| Amounts payable after more than one year | 17 | €613,500 | €613,500 | = | 0.0% |
| Financial debts | 170/4 | €613,500 | €613,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,347,546 | €2,401,837 | +€54,291 | +2.3% |
| Trade debts | 44 | €17,279 | €5,881 | -€11,398 | -66.0% |
| Suppliers | 440/4 | €17,279 | €5,881 | -€11,398 | -66.0% |
| Taxes, remuneration and social security | 45 | €2,570 | €340 | -€2,230 | -86.8% |
| Taxes | 450/3 | €2,570 | €340 | -€2,230 | -86.8% |
| Other amounts payable | 47/48 | €2,327,697 | €2,395,616 | +€67,919 | +2.9% |
| Remuneration, social security and pensions | 62 | €1,137 | - | -€1,137 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €553 | +€553 | |
| Other operating charges | 640/8 | €384 | €433 | +€48 | +12.6% |
| Gross operating margin | 9900 | €27,715 | €170 | -€27,545 | -99.4% |
| Operating profit (loss) | 9901 | €26,194 | -€816 | -€27,010 | |
| Financial income | 75/76B | €32 | €632 | +€600 | +1876.5% |
| Recurring financial income | 75 | €32 | €632 | +€600 | +1876.5% |
| Financial charges | 65/66B | €65 | €1,141 | +€1,076 | +1647.5% |
| Recurring financial charges | 65 | €65 | €108 | +€43 | +65.5% |
| Non-recurring financial charges | 66B | - | €1,033 | +€1,033 | |
| Profit (loss) for the period before taxes | 9903 | €26,161 | -€1,325 | -€27,486 | |
| Income taxes | 67/77 | €126 | €214 | +€88 | +69.4% |
| Profit (loss) for the period | 9904 | €26,035 | -€1,539 | -€27,573 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,035 | -€1,539 | -€27,573 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.