MAGUY: 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.
MAGUY
Largest movements
- Cash -€2,247
down €2,247 (-15.0%), from €14,996 to €12,750
mainly Receivables within one year (-€1,423) and Deferred charges and accrued income (-€433)
- Receivables within one year +€1,423
up €1,423 (+8.8%), from €16,206 to €17,630
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€467
down €467 (-15.0%), from €3,113 to €2,646
- Taxes -€148
no longer reported in 2025 (was €148)
- Other operating charges +€74
up €74 (+3.1%), from €2,387 to €2,461
- Financial charges +€58
up €58 (+44.0%), from €132 to €190
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 | €89,899 | €89,509 | -€390 | -0.4% |
| Fixed assets | 21/28 | €56,581 | €56,581 | = | 0.0% |
| Tangible fixed assets | 22/27 | €56,581 | €56,581 | = | 0.0% |
| Land and buildings | 22 | €56,581 | €56,581 | = | 0.0% |
| Current assets | 29/58 | €33,318 | €32,928 | -€390 | -1.2% |
| Amounts receivable within one year | 40/41 | €16,206 | €17,630 | +€1,423 | +8.8% |
| Other amounts receivable | 41 | €16,206 | €17,630 | +€1,423 | +8.8% |
| Cash at bank and in hand | 54/58 | €14,996 | €12,750 | -€2,247 | -15.0% |
| Deferred charges and accrued income | 490/1 | €2,116 | €2,549 | +€433 | +20.5% |
| Total equity and liabilities | 10/49 | €89,899 | €89,509 | -€390 | -0.4% |
| Equity | 10/15 | €89,191 | €89,185 | -€5 | 0.0% |
| Contributions | 10/11 | €34,705 | €34,705 | = | 0.0% |
| Reserves | 13 | €132,018 | €132,018 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,471 | €3,471 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,471 | €3,471 | = | 0.0% |
| Distributable reserves | 133 | €128,547 | €128,547 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,532 | -€77,538 | -€5 | 0.0% |
| Amounts payable | 17/49 | €708 | €324 | -€385 | -54.3% |
| Amounts payable within one year | 42/48 | €708 | €324 | -€385 | -54.3% |
| Trade debts | 44 | €385 | - | -€385 | |
| Suppliers | 440/4 | €385 | - | -€385 | |
| Other amounts payable | 47/48 | €324 | €324 | = | 0.0% |
| Other operating charges | 640/8 | €2,387 | €2,461 | +€74 | +3.1% |
| Gross operating margin | 9900 | €3,113 | €2,646 | -€467 | -15.0% |
| Operating profit (loss) | 9901 | €726 | €185 | -€541 | -74.5% |
| Financial charges | 65/66B | €132 | €190 | +€58 | +44.0% |
| Recurring financial charges | 65 | €132 | €190 | +€58 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €594 | -€5 | -€599 | |
| Income taxes | 67/77 | €148 | - | -€148 | |
| Profit (loss) for the period | 9904 | €445 | -€5 | -€451 | |
| Profit (loss) for the period to be appropriated | 9905 | €445 | -€5 | -€451 |
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 12 October 2026 via checked.be.