MAGICFLUTE
Liquidation closed on 11-03-2026Financials · financial year 2025, micro format
Annual accounts 2025 filed on 10-11-2025 at the NBB all 2 filings
Equity
€7,605▼ 37.1%
2024 · €12,092
Total assets
€8,564▼ 67.3%
2024 · €26,224
Net result
-€4,488
2024 · €9,092
Working capital
-€188
2024 · €2,789
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
-€4,402
2025
20242025
Net result
-€4,488
2025
20242025
Equity
€7,605
▼ 37.1%
2025
20242025
Total assets
€8,564
▼ 67.3%
2025
20242025
Debt
€960
▼ 93.2%
2025
20242025
Working capital
-€188
2025
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€12,820--€4,402
Net result€9,092--€4,488
Equity€12,092-€7,605▼ 37.1%
Total assets€26,224-€8,564▼ 67.3%
Debt€14,132-€960▼ 93.2%
Working capital€2,789--€188
The operating result for 2025 is a loss of €4,402, after a profit of €12,820 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8,564
Fixed assets
€7,792 ▼ 16.2%
Current assets
€772 ▼ 95.4%
Equity and liabilities €8,564
Equity
€7,605 ▼ 37.1%
Debt
€960 ▼ 93.2%
Debt's share of the balance-sheet total falls from 53.9% to 11.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,817▼
2024 · €13,352
Cash flow
-€1,903▼
2024 · €9,624
Current ratio
0.80▼
2024 · 1.20
Debt to equity
0.13▼
2024 · 1.17
ROE
-59.0%▼
2024 · 75.2%
ROA
-52.4%▼
2024 · 34.7%
Interest coverage
-12.98▼
2024 · over 100
Debt ≤ 1 year
€960▼
2024 · €14,132
Income taxes
€13▼
2024 · €3,666
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2024 | 30-06-2025 |
|---|---|---|
| Tangible fixed assets | €9,835 | €1,074 |
| Depreciation and write-downs of the year | €532 | €2,584 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €532 | €2,584 | ▲ 386% |
| Other operating charges640/8 | €175 | €700 | ▲ 300% |
| Gross operating margin9900 | €13,526 | -€1,117 | - |
| Operating profit (loss)9901 | €12,820 | -€4,402 | - |
| Financial income75/76B | - | €67 | - |
| Recurring financial income75 | - | €67 | - |
| Financial charges65/66B | €62 | €140 | ▲ 126% |
| Recurring financial charges65 | €62 | €140 | ▲ 126% |
| Profit (loss) for the period before taxes9903 | €12,758 | -€4,475 | - |
| Income taxes67/77 | €3,666 | €13 | ▼ 99.6% |
| Profit (loss) for the period9904 | €9,092 | -€4,488 | - |
| Profit (loss) for the period to be appropriated9905 | €9,092 | -€4,488 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €26,224 | €8,564 | ▼ 67.3% |
| Fixed assets21/28 | €9,303 | €7,792 | ▼ 16.2% |
| Tangible fixed assets22/27 | €9,303 | €7,792 | ▼ 16.2% |
| Plant, machinery and equipment23 | €5,296 | €4,197 | ▼ 20.8% |
| Other tangible fixed assets26 | €4,007 | €3,596 | ▼ 10.3% |
| Current assets29/58 | €16,921 | €772 | ▼ 95.4% |
| Amounts receivable within one year40/41 | €4,928 | €63 | ▼ 98.7% |
| Trade receivables40 | €4,840 | - | - |
| Other amounts receivable41 | €88 | €63 | ▼ 28.7% |
| Cash at bank and in hand54/58 | €11,922 | €709 | ▼ 94.1% |
| Deferred charges and accrued income490/1 | €70 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €26,224 | €8,564 | ▼ 67.3% |
| Equity10/15 | €12,092 | €7,605 | ▼ 37.1% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Reserves13 | €9,092 | €9,092 | = |
| Distributable reserves133 | €9,092 | €9,092 | = |
| Profit (loss) carried forward14 | - | -€4,488 | - |
| Amounts payable17/49 | €14,132 | €960 | ▼ 93.2% |
| Amounts payable within one year42/48 | €14,132 | €960 | ▼ 93.2% |
| Trade debts44 | €307 | €208 | ▼ 32.1% |
| Suppliers440/4 | €307 | €208 | ▼ 32.1% |
| Taxes, remuneration and social security45 | €5,259 | - | - |
| Taxes450/3 | €5,259 | - | - |
| Other amounts payable47/48 | €8,566 | €752 | ▼ 91.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €9,092 | -€4,488 | - |
| + Depreciation and write-downs630 | €532 | €2,584 | ▲ 386% |
| Operating cash flow (approximation) | €9,624 | -€1,903 | - |
| Investment in fixed assets (approximation) | - | -€1,074 | - |
| Change in cash | - | -€11,214 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.