MAGVICE: 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.
MAGVICE
Largest movements
- Cash -€45,060
down €45,060 (-42.4%), from €106,163 to €61,104
mainly Net result for the year (-€61,494) and Trade debts (-€12,619)
- Receivables within one year -€21,027
down €21,027 (-64.5%), from €32,592 to €11,565
of which Other amounts receivable: -€10,627
- Tangible fixed assets -€2,275
down €2,275 (-18.4%), from €12,371 to €10,096
- Profit (loss) carried forward -€61,494
down €61,494 (-53.2%), from €115,555 to €54,061
- Trade debts -€12,619
down €12,619 (-96.3%), from €13,107 to €488
- Tax, wage and social debts +€5,750
up €5,750 (+126%), from €4,555 to €10,306
- Gross operating margin -€21,003
down €21,003 (-88.1%), from -€23,835 to -€44,838
- Other operating charges +€6,033
up €6,033 (+325%), from €1,856 to €7,888
- Depreciation +€1,915
up €1,915 (+48.5%), from €3,944 to €5,859
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 | €151,818 | €83,455 | -€68,363 | -45.0% |
| Fixed assets | 21/28 | €12,621 | €10,346 | -€2,275 | -18.0% |
| Tangible fixed assets | 22/27 | €12,371 | €10,096 | -€2,275 | -18.4% |
| Furniture and vehicles | 24 | €12,371 | €10,096 | -€2,275 | -18.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €139,197 | €73,109 | -€66,088 | -47.5% |
| Amounts receivable within one year | 40/41 | €32,592 | €11,565 | -€21,027 | -64.5% |
| Trade receivables | 40 | €10,400 | - | -€10,400 | |
| Other amounts receivable | 41 | €22,192 | €11,565 | -€10,627 | -47.9% |
| Cash at bank and in hand | 54/58 | €106,163 | €61,104 | -€45,060 | -42.4% |
| Deferred charges and accrued income | 490/1 | €442 | €441 | -€1 | -0.3% |
| Total equity and liabilities | 10/49 | €151,818 | €83,455 | -€68,363 | -45.0% |
| Equity | 10/15 | €134,155 | €72,661 | -€61,494 | -45.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,555 | €54,061 | -€61,494 | -53.2% |
| Amounts payable | 17/49 | €17,662 | €10,793 | -€6,869 | -38.9% |
| Amounts payable within one year | 42/48 | €17,662 | €10,793 | -€6,869 | -38.9% |
| Trade debts | 44 | €13,107 | €488 | -€12,619 | -96.3% |
| Suppliers | 440/4 | €13,107 | €488 | -€12,619 | -96.3% |
| Taxes, remuneration and social security | 45 | €4,555 | €10,306 | +€5,750 | +126% |
| Taxes | 450/3 | €4,555 | €10,306 | +€5,750 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,944 | €5,859 | +€1,915 | +48.5% |
| Other operating charges | 640/8 | €1,856 | €7,888 | +€6,033 | +325% |
| Gross operating margin | 9900 | -€23,835 | -€44,838 | -€21,003 | -88.1% |
| Operating profit (loss) | 9901 | -€29,635 | -€58,585 | -€28,950 | -97.7% |
| Financial charges | 65/66B | €3,099 | €2,717 | -€382 | -12.3% |
| Recurring financial charges | 65 | €3,099 | €2,717 | -€382 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | -€32,734 | -€61,302 | -€28,568 | -87.3% |
| Income taxes | 67/77 | €170 | €192 | +€21 | +12.5% |
| Profit (loss) for the period | 9904 | -€32,904 | -€61,494 | -€28,590 | -86.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,904 | -€61,494 | -€28,590 | -86.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.