MEGANTA MAGIC: 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.
MEGANTA MAGIC
Largest movements
- Cash -€41,946
no longer reported in 2020 (was €41,946)
mainly Net result for the year (-€22,875) and Stocks and contracts (-€18,972)
- Stocks and contracts +€18,972
up €18,972 (+1845.5%), from €1,028 to €20,000
- Current investments +€6,614
new in 2020: €6,614
- Deferred charges and accrued income +€6,008
new in 2020: €6,008
- Receivables within one year +€5,234
up €5,234 (+15.9%), from €33,000 to €38,234
- Profit (loss) carried forward -€22,875
down €22,875, from €5,721 to -€17,154
- Debts +€19,044
up €19,044 (+38.2%), from €49,793 to €68,837
of which Debts within one year: +€19,827
- Gross operating margin -€54,078
down €54,078, from €45,240 to -€8,838
- Staff costs +€20,738
new in 2020: €20,738
- Financial income +€7,062
new in 2020: €7,062
of which Non-recurring financial income: +€7,000
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,974 | €72,142 | -€3,832 | -5.0% |
| Fixed assets | 21/28 | - | €1,286 | +€1,286 | |
| Tangible fixed assets | 22/27 | - | €1,286 | +€1,286 | |
| Other tangible fixed assets | 26 | - | €1,286 | +€1,286 | |
| Current assets | 29/58 | €75,974 | €70,856 | -€5,118 | -6.7% |
| Stocks and contracts in progress | 3 | €1,028 | €20,000 | +€18,972 | +1845.5% |
| Stocks | 30/36 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €33,000 | €38,234 | +€5,234 | +15.9% |
| Trade receivables | 40 | - | €38,234 | +€38,234 | |
| Current investments | 50/53 | - | €6,614 | +€6,614 | |
| Cash at bank and in hand | 54/58 | €41,946 | - | -€41,946 | |
| Deferred charges and accrued income | 490/1 | - | €6,008 | +€6,008 | |
| Total equity and liabilities | 10/49 | €75,974 | €72,142 | -€3,832 | -5.0% |
| Equity | 10/15 | €26,181 | €3,306 | -€22,875 | -87.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €5,721 | -€17,154 | -€22,875 | |
| Amounts payable | 17/49 | €49,793 | €68,837 | +€19,044 | +38.2% |
| Amounts payable after more than one year | 17 | €5,039 | €4,737 | -€302 | -6.0% |
| Financial debts | 170/4 | - | €4,737 | +€4,737 | |
| Amounts payable within one year | 42/48 | €44,273 | €64,100 | +€19,827 | +44.8% |
| Financial debts | 43 | - | €36,501 | +€36,501 | |
| Credit institutions | 430/8 | - | €36,501 | +€36,501 | |
| Trade debts | 44 | - | €13,954 | +€13,954 | |
| Suppliers | 440/4 | - | €13,954 | +€13,954 | |
| Taxes, remuneration and social security | 45 | - | €13,644 | +€13,644 | |
| Taxes | 450/3 | - | €4,829 | +€4,829 | |
| Remuneration and social security | 454/9 | - | €8,815 | +€8,815 | |
| Remuneration, social security and pensions | 62 | - | €20,738 | +€20,738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €285 | +€285 | |
| Gross operating margin | 9900 | €45,240 | -€8,838 | -€54,078 | |
| Operating profit (loss) | 9901 | €19,288 | -€29,862 | -€49,150 | |
| Financial income | 75/76B | - | €7,062 | +€7,062 | |
| Recurring financial income | 75 | €10 | €62 | +€52 | +520.5% |
| Non-recurring financial income | 76B | - | €7,000 | +€7,000 | |
| Financial charges | 65/66B | - | €76 | +€76 | |
| Recurring financial charges | 65 | €1,179 | €76 | -€1,103 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €18,119 | -€22,875 | -€40,994 | |
| Profit (loss) for the period | 9904 | €18,119 | -€22,875 | -€40,994 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,119 | -€22,875 | -€40,994 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.