SELECT MAGIC
Annual accounts 2025
abbreviated format, filed on 23-07-2026, 8 days before the deadlineTurnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €73,000 and €250,000.
Balance sheet
balance sheet total €335,506 on 31-12-2025in euro
in euro
Position in the sector
29.2%
Higher than 42% of 12,856 companies in 2025.
1.11
Higher than 31% of 12,646 companies in 2025.
2.6%
Higher than 41% of 12,719 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
335,506 | 357,281 | 347,959 | 368,305 | 382,956 | 397,544 | 425,766 | 425,960 | 441,183 | 452,276 | 473,839 | 481,305 | 503,208 | 521,512 | 532,758 | 300,375 | 308,665 | 314,775 | 332,043 | 328,819 | |
21/28 |
122,910 | 139,906 | 139,040 | 149,207 | 162,352 | 175,768 | 192,527 | 209,973 | 226,952 | 243,244 | 261,365 | 274,804 | 290,351 | 308,023 | 323,718 | 97,120 | 105,138 | 119,013 | 132,909 | 148,140 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50 | 99 | |
22/27 |
122,910 | 139,906 | 139,040 | 149,207 | 162,352 | 175,768 | 192,527 | 209,973 | 226,952 | 243,244 | 261,365 | 274,804 | 290,351 | 308,023 | 323,718 | 97,120 | 105,138 | 119,013 | 132,859 | 148,040 | |
22 |
108,417 | 121,740 | 135,070 | 148,400 | 161,730 | 175,060 | 191,323 | 207,671 | 222,612 | 238,819 | 255,026 | 271,236 | 287,470 | 303,727 | 319,073 | 93,747 | 98,781 | 103,816 | 108,851 | 113,886 | |
23 |
3,800 | 4,043 | 3,969 | 807 | 622 | 708 | 1,204 | 2,302 | 4,340 | 4,425 | 6,339 | 3,568 | 2,882 | 4,296 | 4,645 | 3,373 | 6,357 | 10,696 | 15,006 | 20,651 | |
24 |
10,692 | 14,122 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,501 | 9,002 | 13,503 | |
29/58 |
212,596 | 217,375 | 208,920 | 219,098 | 220,604 | 221,775 | 233,239 | 215,987 | 214,231 | 209,032 | 212,474 | 206,501 | 212,857 | 213,489 | 209,039 | 203,255 | 203,527 | 195,762 | 199,134 | 180,680 | |
3 |
189,988 | 193,073 | 186,658 | 192,671 | 196,895 | 198,644 | 203,913 | 196,019 | 188,186 | 187,687 | 185,210 | 182,196 | 188,463 | 186,905 | 187,802 | 179,914 | 176,987 | 175,054 | 154,078 | 145,981 | |
30/36 |
189,988 | 193,073 | 186,658 | 192,671 | 196,895 | 198,644 | 203,913 | 196,019 | 188,186 | 187,687 | 185,210 | 182,196 | 188,463 | 186,905 | 187,802 | 179,914 | 176,987 | 175,054 | 154,078 | 145,981 | |
40/41 |
18,113 | 18,459 | 17,735 | 18,682 | 20,809 | 20,287 | 21,279 | 13,280 | 18,065 | 15,703 | 22,654 | 19,673 | 18,163 | 17,454 | 18,436 | 19,398 | 19,015 | 15,896 | 31,086 | 19,909 | |
40 |
17,458 | 16,869 | 17,665 | 18,612 | 20,739 | 19,862 | 21,209 | 13,210 | 17,995 | 15,633 | 22,584 | 19,603 | 18,093 | 17,384 | 18,381 | 18,786 | 18,402 | 15,208 | 30,320 | 19,234 | |
41 |
654 | 1,591 | 70 | 70 | 70 | 425 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 70 | 55 | 613 | 613 | 688 | 766 | 675 | |
54/58 |
1,122 | 2,619 | 3,103 | 6,357 | 1,539 | 1,489 | 6,658 | 5,342 | 6,499 | 4,264 | 3,239 | 3,225 | 4,969 | 7,906 | 1,478 | 2,491 | 5,855 | 4,812 | 13,970 | 14,790 | |
490/1 |
3,374 | 3,224 | 1,425 | 1,387 | 1,360 | 1,355 | 1,389 | 1,347 | 1,481 | 1,378 | 1,372 | 1,407 | 1,262 | 1,224 | 1,325 | 1,452 | 1,670 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
335,506 | 357,281 | 347,959 | 368,305 | 382,956 | 397,544 | 425,766 | 425,960 | 441,183 | 452,276 | 473,839 | 481,305 | 503,208 | 521,512 | 532,758 | 300,375 | 308,665 | 314,775 | 332,043 | 328,819 | |
10/15 |
97,828 | 89,145 | 77,312 | 76,811 | 84,964 | 92,025 | 95,174 | 81,533 | 67,358 | 74,807 | 64,339 | 75,545 | 86,221 | 100,411 | 126,026 | 19,786 | 19,913 | 24,538 | 30,574 | 34,699 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
10 |
- | - | - | 18,592 | 18,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
11 |
18,592 | 18,592 | 18,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
18,592 | 18,592 | 18,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
59,197 | 64,782 | 70,366 | 75,951 | 81,535 | 87,124 | 90,858 | 93,102 | 93,023 | 97,938 | 102,853 | 107,768 | 112,683 | 117,597 | 122,513 | 13,359 | 13,359 | 13,359 | 13,359 | 13,359 | |
130/1 |
- | - | - | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
132 |
57,338 | 62,923 | 68,507 | 74,091 | 79,676 | 85,265 | 88,999 | 91,242 | 91,164 | 96,079 | 100,993 | 105,908 | 110,824 | 115,738 | 120,653 | 11,500 | 11,500 | 11,500 | 11,500 | 11,500 | |
133 |
1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
20,039 | 5,771 | -11,646 | -17,732 | -15,163 | -13,691 | -14,277 | -30,160 | -44,257 | -41,723 | -57,105 | -50,814 | -45,054 | -35,778 | -15,078 | -12,165 | -12,038 | -7,413 | -1,377 | 2,747 | |
16 |
15,279 | 17,141 | 19,002 | 20,864 | 22,725 | 24,588 | 31,293 | 33,496 | 41,021 | 43,551 | 46,082 | 48,613 | 51,144 | 53,675 | 56,206 | - | - | - | - | - | |
168 |
15,279 | 17,141 | 19,002 | 20,864 | 22,725 | 24,588 | 31,293 | 33,496 | 41,021 | 43,551 | 46,082 | 48,613 | 51,144 | 53,675 | 56,206 | - | - | - | - | - | |
17/49 |
222,398 | 250,995 | 251,645 | 270,631 | 275,267 | 280,931 | 299,299 | 310,931 | 332,805 | 333,918 | 363,417 | 357,146 | 365,843 | 367,426 | 350,526 | 280,588 | 288,753 | 290,237 | 301,468 | 294,120 | |
17 |
29,985 | 36,189 | 42,101 | 47,727 | 53,094 | 60,112 | 76,271 | 91,956 | 107,201 | 159,906 | 173,904 | 187,312 | 200,190 | 212,542 | 224,390 | 137,982 | 144,940 | 153,576 | 162,246 | 170,535 | |
170/4 |
29,985 | 36,189 | 42,101 | 47,727 | 53,094 | 60,112 | 76,271 | 91,956 | 107,201 | 159,906 | 173,904 | 187,312 | 200,190 | 212,542 | 224,390 | 137,982 | 144,940 | 153,576 | 162,246 | 170,535 | |
42/48 |
192,241 | 214,633 | 209,372 | 222,731 | 221,990 | 220,670 | 223,014 | 218,660 | 225,273 | 173,094 | 188,456 | 169,623 | 164,515 | 153,897 | 125,861 | 141,431 | 142,898 | 134,149 | 131,210 | 117,565 | |
42 |
6,204 | 5,912 | 5,626 | 5,367 | 7,018 | 16,160 | 15,684 | 15,245 | 14,811 | 13,998 | 13,408 | 12,878 | 12,352 | 11,848 | 11,341 | 33,459 | 8,636 | 8,670 | 8,289 | 7,971 | |
43 |
- | - | - | - | 1,773 | 5,047 | - | - | - | 39,252 | 42,513 | 12,472 | 62,702 | 41,275 | 10,099 | 51,799 | 37,281 | 18,666 | 30,523 | 7,466 | |
430/8 |
- | - | - | - | 1,773 | 5,047 | - | - | - | 39,252 | 42,513 | 12,472 | 62,702 | 41,275 | 10,099 | 51,799 | 37,281 | 18,666 | 30,523 | 7,466 | |
44 |
- | 5,242 | - | - | - | - | - | - | - | - | - | - | 4,978 | 4,626 | 4,972 | 249 | 2,088 | 11,698 | 2,701 | 3,814 | |
440/4 |
- | 5,242 | - | - | - | - | - | - | - | - | - | - | 4,978 | 4,626 | 4,972 | 249 | 2,088 | 11,698 | 2,701 | 3,814 | |
45 |
- | - | 1,777 | 1,955 | 387 | 78 | 1,867 | 4,833 | 1,965 | 6,354 | 4,753 | 1,374 | 3,455 | 4,803 | 5,095 | 3,244 | 5,969 | 4,932 | 6,297 | 13,860 | |
450/3 |
- | - | 1,777 | 1,955 | 387 | 78 | 1,867 | 4,833 | 1,965 | 6,354 | 4,753 | 1,374 | 3,455 | 4,803 | 5,095 | 3,244 | 5,969 | 4,932 | 6,297 | 10,015 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3,844 | |
47/48 |
186,036 | 203,480 | 201,969 | 215,409 | 212,812 | 199,385 | 205,462 | 198,582 | 208,497 | 113,491 | 127,782 | 142,899 | 81,028 | 91,345 | 94,354 | 52,680 | 88,924 | 90,184 | 83,399 | 84,454 | |
492/3 |
173 | 173 | 173 | 173 | 183 | 149 | 13 | 316 | 330 | 917 | 1,057 | 211 | 1,139 | 988 | 275 | 1,176 | 914 | 2,511 | 8,013 | 6,021 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 171,253 | - | 3,667 | - | - | - | |
9900 |
28,808 | 31,720 | 17,378 | 8,602 | 10,826 | 12,986 | 35,346 | 32,081 | 18,686 | 41,351 | 19,388 | 18,601 | 18,326 | 5,324 | 24,374 | 24,665 | 21,488 | 26,459 | 39,683 | 72,418 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,462 | 16,334 | |
630 |
18,166 | 17,513 | 14,217 | 13,614 | 13,919 | 16,759 | 17,975 | 18,386 | 18,245 | 18,121 | 19,090 | 18,133 | 17,672 | 17,978 | 16,918 | 8,766 | 13,875 | 15,234 | 15,231 | 16,155 | |
640/8 |
777 | 726 | 692 | 638 | 650 | 619 | 584 | 597 | 1,060 | 552 | 573 | 546 | 538 | 523 | 373 | 1,101 | 1,037 | 1,051 | 5,092 | 995 | |
9901 |
9,865 | 13,481 | 2,470 | -5,650 | -3,742 | -4,391 | 16,788 | 13,098 | -620 | 22,679 | -275 | -78 | 116 | -13,176 | 7,082 | 14,798 | 6,576 | 10,173 | 17,898 | 38,934 | |
75/76B |
94 | 14 | - | 0 | 0 | 0 | 6 | 1 | 0 | 1 | 4 | - | 26 | 47 | - | - | 553 | - | - | 181 | |
75 |
94 | 14 | - | 0 | 0 | 0 | 6 | 1 | 0 | 1 | 4 | - | 26 | 47 | - | - | 553 | - | - | 181 | |
65/66B |
3,136 | 3,524 | 3,830 | 4,365 | 5,182 | 5,463 | 5,355 | 6,448 | 9,360 | 14,743 | 13,466 | 13,129 | 16,863 | 15,017 | 15,890 | 14,925 | 15,421 | 16,209 | 22,023 | 19,611 | |
65 |
3,136 | 3,524 | 3,830 | 4,365 | 5,182 | 5,463 | 5,355 | 6,448 | 9,360 | 14,743 | 13,466 | 13,129 | 16,863 | 15,017 | 15,890 | 14,925 | 15,421 | 16,209 | 22,023 | 19,611 | |
9903 |
6,822 | 9,971 | -1,360 | -10,015 | -8,924 | -9,854 | 11,438 | 6,651 | -9,980 | 7,936 | -13,737 | -13,207 | -16,721 | -28,146 | 162,446 | -127 | -4,625 | -6,036 | -4,124 | 19,503 | |
780 |
1,861 | 1,861 | 1,861 | 1,861 | 1,863 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9904 |
8,684 | 11,833 | 501 | -8,153 | -7,061 | -3,149 | 13,640 | 14,176 | -7,449 | 10,467 | -11,206 | -10,676 | -14,190 | -25,615 | 106,240 | -127 | -4,625 | -6,036 | -4,124 | 19,503 | |
789 |
5,584 | 5,584 | 5,584 | 5,584 | 5,589 | 3,734 | 2,243 | - | 4,915 | 4,915 | 4,915 | 4,915 | 4,915 | 4,915 | 3,891 | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | 79 | - | - | - | - | - | - | 113,044 | - | - | - | - | - | |
9905 |
14,268 | 17,417 | 6,085 | -2,569 | -1,471 | 585 | 15,884 | 14,097 | -2,534 | 15,382 | -6,291 | -5,761 | -9,275 | -20,700 | -2,913 | -127 | -4,625 | -6,036 | -4,124 | 19,503 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
20,039 | 5,771 | -11,646 | -17,732 | -15,163 | -13,691 | -14,277 | -30,160 | -44,257 | -41,723 | -57,105 | -50,814 | -45,054 | -35,778 | -15,078 | -12,165 | -12,038 | -7,413 | -1,377 | 19,747 | |
14P |
5,771 | -11,646 | -17,732 | -15,163 | -13,691 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17,000 | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17,000 | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.5 | 0.5 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 76 | 909 | |
| Document | |||||||||||||||||||||
The accounts for 18 older financial years (1988-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-07-2026 | 2026-00319678 | |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00307932 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00403003 | |
| 31-12-2022 | micro format | 18-07-2023 | 2023-00243287 | |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20227881 | |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43700486 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-49200061 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-67500064 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59700176 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-50000154 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-50800437 | |
| 31-12-2014 | abbreviated format | 24-08-2015 | 2015-46100272 | |
| 31-12-2013 | abbreviated format | 28-08-2014 | 2014-51300245 | |
| 31-12-2012 | abbreviated format | 30-08-2013 | 2013-54300112 | |
| 31-12-2011 | abbreviated format | 29-08-2012 | 2012-49200219 | |
| 31-12-2010 | abbreviated format | 02-08-2011 | 2011-37300297 | |
| 31-12-2009 | abbreviated format | 13-08-2010 | 2010-41000511 | |
| 31-12-2008 | abbreviated format | 24-08-2009 | 2009-62000170 | |
| 31-12-2007 | abbreviated format | 07-07-2008 | 2008-37000197 | |
| 31-12-2006 | abbreviated format | 30-08-2007 | 2007-67800025 | |
| 31-12-2005 | abbreviated format | 30-08-2006 | 2006-73704757 | |
| 31-12-2004 | abbreviated format | 14-07-2005 | 2005-49000572 | |
| 31-12-2003 | abbreviated format | 01-07-2004 | 2004-38204366 | |
| 31-12-2002 | abbreviated format | 31-07-2003 | 2003-58204274 | |
| 31-12-2001 | abbreviated format | 15-07-2002 | 2002-38003714 | |
| 31-12-2000 | abbreviated format | 17-07-2001 | 2001-39300104 | |
| 31-12-1999 | abbreviated format | 13-07-2000 | 2000-41500353 | |
| 31-12-1998 | abbreviated format | 05-07-1999 | 1999-30100864 | |
| 31-12-1997 | abbreviated format | 15-07-1998 | 1998-33203444 | |
| 31-12-1996 | abbreviated format | 07-07-1997 | 1997-28205117 | |
| 31-12-1995 | abbreviated format | 05-06-1996 | 1996-13102366 | |
| 31-12-1994 | abbreviated format | 29-06-1995 | 1995-32105310 | |
| 31-12-1993 | abbreviated format | 10-06-1994 | 1994-14004501 | |
| 31-12-1992 | abbreviated format | 18-06-1993 | 1993-15000217 | |
| 31-12-1991 | abbreviated format | 05-06-1992 | 1992-09000317 | |
| 31-12-1990 | abbreviated format | 10-06-1991 | 1991-08702672 | |
| 31-12-1989 | abbreviated format | 07-06-1990 | 1990-07301376 | |
| 31-12-1988 | abbreviated format | 08-06-1989 | 1989-07304670 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28,031 | 30,994 | 16,686 | 7,964 | 10,176 | 12,367 | 34,762 | 31,484 | 17,626 | 40,800 | 18,815 | 18,055 | 17,788 | 4,802 | 24,001 | 23,564 | 20,450 | 25,407 | 33,129 | 55,089 | ||
| 26,850 | 29,346 | 14,718 | 5,461 | 6,858 | 13,610 | 31,615 | 32,562 | 10,796 | 28,589 | 7,884 | 7,457 | 3,482 | -7,637 | 123,159 | 8,640 | 9,249 | 9,198 | 11,107 | 35,658 | ||
| 1,170 | 18,379 | 4,049 | 469 | 502 | 0 | 529 | 1,407 | 1,953 | 0 | 5,651 | 2,586 | 0 | 2,283 | 337,263 | 748 | 0 | 1,339 | 0 | 5,693 | ||
| -1,497 | -484 | -3,254 | 4,818 | 51 | -5,169 | 1,316 | -1,158 | 2,236 | 1,025 | 13 | -1,744 | -2,937 | 6,429 | -1,013 | -3,365 | 1,044 | -9,158 | -820 | - | ||
| 20,356 | 2,742 | -452 | -3,633 | -1,386 | 1,105 | 10,225 | -2,672 | -11,042 | 35,938 | 24,018 | 36,878 | 48,342 | 59,592 | 83,178 | 61,824 | 60,629 | 61,613 | 67,924 | 63,114 | ||
| 29.2% | 25.0% | 22.2% | 20.9% | 22.2% | 23.1% | 22.4% | 19.1% | 15.3% | 16.5% | 13.6% | 15.7% | 17.1% | 19.3% | 23.7% | 6.6% | 6.5% | 7.8% | 9.2% | 10.6% | ||
| 1.11 | 1.01 | 1.00 | 0.98 | 0.99 | 1.01 | 1.05 | 0.99 | 0.95 | 1.21 | 1.13 | 1.22 | 1.29 | 1.39 | 1.66 | 1.44 | 1.42 | 1.46 | 1.52 | 1.54 | ||
| 0.12 | 0.11 | 0.11 | 0.12 | 0.11 | 0.10 | 0.13 | 0.09 | 0.12 | 0.12 | 0.14 | 0.14 | 0.15 | 0.17 | 0.17 | 0.17 | 0.19 | 0.15 | 0.34 | 0.30 | ||
| 2.27 | 2.82 | 3.25 | 3.52 | 3.24 | 3.05 | 3.14 | 3.81 | 4.94 | 4.46 | 5.65 | 4.73 | 4.24 | 3.66 | 2.78 | 14.18 | 14.50 | 11.83 | 9.86 | 8.48 | ||
| 8.9% | 13.3% | 0.6% | -10.6% | -8.3% | -3.4% | 14.3% | 17.4% | -11.1% | 14.0% | -17.4% | -14.1% | -16.5% | -25.5% | 84.3% | -0.6% | -23.2% | -24.6% | -13.5% | 56.2% | ||
| 2.6% | 3.3% | 0.1% | -2.2% | -1.8% | -0.8% | 3.2% | 3.3% | -1.7% | 2.3% | -2.4% | -2.2% | -2.8% | -4.9% | 19.9% | 0.0% | -1.5% | -1.9% | -1.2% | 5.9% | ||
| 8.94 | 8.80 | 4.36 | 1.82 | 1.96 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,170 | €18,379 | €4,049 | €469 | €502 |
| €18,166 | €17,513 | €14,217 | €13,614 | €13,919 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SELECT MAGIC
The operating result for 2025 is 27% lower than in 2024.
Debt's share of the balance-sheet total falls from 70.3% to 66.3%. Equity is higher and debt is lower.