MAGY: 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.
MAGY
Largest movements
- Receivables within one year -€5,350
down €5,350 (-26.9%), from €19,885 to €14,535
- Tangible fixed assets -€955
down €955 (-7.5%), from €12,748 to €11,793
- Current portion of long-term debt -€7,107
no longer reported in 2025 (was €7,107)
- Short-term financial debts +€5,814
new in 2025: €5,814
- Reserves -€5,386
down €5,386 (-41.9%), from €12,851 to €7,465
of which Distributable reserves: -€5,386
- Trade debts -€4,843
down €4,843 (-41.2%), from €11,766 to €6,923
- Tax, wage and social debts +€4,377
up €4,377 (+26.4%), from €16,583 to €20,960
- Gross operating margin -€9,767
down €9,767 (-44.2%), from €22,121 to €12,354
- Depreciation -€5,120
down €5,120 (-67.9%), from €7,538 to €2,418
- Staff costs +€4,546
up €4,546 (+1248.9%), from €364 to €4,910
- Taxes -€2,634
down €2,634 (-98.9%), from €2,662 to €28
- Financial charges +€1,232
up €1,232 (+70.8%), from €1,741 to €2,973
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 | €76,066 | €68,921 | -€7,145 | -9.4% |
| Fixed assets | 21/28 | €35,426 | €34,471 | -€955 | -2.7% |
| Intangible fixed assets | 21 | €22,678 | €22,678 | = | 0.0% |
| Tangible fixed assets | 22/27 | €12,748 | €11,793 | -€955 | -7.5% |
| Plant, machinery and equipment | 23 | €12,748 | €11,793 | -€955 | -7.5% |
| Current assets | 29/58 | €40,640 | €34,450 | -€6,190 | -15.2% |
| Stocks and contracts in progress | 3 | €15,508 | €15,405 | -€103 | -0.7% |
| Stocks | 30/36 | €15,508 | €15,405 | -€103 | -0.7% |
| Amounts receivable within one year | 40/41 | €19,885 | €14,535 | -€5,350 | -26.9% |
| Other amounts receivable | 41 | €19,885 | €14,535 | -€5,350 | -26.9% |
| Cash at bank and in hand | 54/58 | €4,384 | €4,358 | -€26 | -0.6% |
| Deferred charges and accrued income | 490/1 | €863 | €152 | -€711 | -82.4% |
| Total equity and liabilities | 10/49 | €76,066 | €68,921 | -€7,145 | -9.4% |
| Equity | 10/15 | €40,610 | €35,224 | -€5,386 | -13.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €12,851 | €7,465 | -€5,386 | -41.9% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €12,551 | €7,165 | -€5,386 | -42.9% |
| Profit (loss) carried forward | 14 | €17,759 | €17,759 | = | 0.0% |
| Amounts payable | 17/49 | €35,456 | €33,697 | -€1,759 | -5.0% |
| Amounts payable within one year | 42/48 | €35,456 | €33,697 | -€1,759 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €7,107 | - | -€7,107 | |
| Financial debts | 43 | - | €5,814 | +€5,814 | |
| Credit institutions | 430/8 | - | €5,814 | +€5,814 | |
| Trade debts | 44 | €11,766 | €6,923 | -€4,843 | -41.2% |
| Suppliers | 440/4 | €11,766 | €6,923 | -€4,843 | -41.2% |
| Taxes, remuneration and social security | 45 | €16,583 | €20,960 | +€4,377 | +26.4% |
| Taxes | 450/3 | €16,583 | €20,960 | +€4,377 | +26.4% |
| Remuneration, social security and pensions | 62 | €364 | €4,910 | +€4,546 | +1248.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,538 | €2,418 | -€5,120 | -67.9% |
| Other operating charges | 640/8 | €3,800 | €2,735 | -€1,065 | -28.0% |
| Gross operating margin | 9900 | €22,121 | €12,354 | -€9,767 | -44.2% |
| Operating profit (loss) | 9901 | €10,419 | €2,291 | -€8,128 | -78.0% |
| Financial income | 75/76B | €871 | €988 | +€117 | +13.4% |
| Recurring financial income | 75 | €871 | €988 | +€117 | +13.4% |
| Financial charges | 65/66B | €1,741 | €2,973 | +€1,232 | +70.8% |
| Recurring financial charges | 65 | €1,741 | €2,973 | +€1,232 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | €9,549 | €306 | -€9,243 | -96.8% |
| Income taxes | 67/77 | €2,662 | €28 | -€2,634 | -98.9% |
| Profit (loss) for the period | 9904 | €6,887 | €278 | -€6,609 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,887 | €278 | -€6,609 | -96.0% |
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 5 October 2026 via checked.be.