IMMO MAGIC: 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.
IMMO MAGIC
Largest movements
- Receivables within one year +€492,613
up €492,613 (+978.5%), from €50,341 to €542,954
of which Other amounts receivable: +€493,000
- Short-term financial debts +€500,000
new in 2025: €500,000
- Debts after one year -€82,180
down €82,180 (-8.8%), from €933,075 to €850,895
- Current portion of long-term debt -€52,238
down €52,238 (-38.9%), from €134,418 to €82,180
- Profit (loss) carried forward +€44,452
up €44,452 (+4.0%), from €1.1m to €1.2m
- Tax, wage and social debts +€43,199
up €43,199 (+118.5%), from €36,465 to €79,664
of which Taxes: +€36,199
- Gross operating margin +€10,150
up €10,150 (+6.5%), from €156,660 to €166,811
- Turnover +€9,620
up €9,620 (+5.4%), from €179,358 to €188,978
- Financial charges +€4,684
up €4,684 (+20.5%), from €22,830 to €27,514
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 | €2,418,110 | €2,899,577 | +€481,467 | +19.9% |
| Fixed assets | 21/28 | €2,346,175 | €2,337,019 | -€9,156 | -0.4% |
| Tangible fixed assets | 22/27 | €346,175 | €337,019 | -€9,156 | -2.6% |
| Land and buildings | 22 | €346,175 | €337,019 | -€9,156 | -2.6% |
| Financial fixed assets | 28 | €2,000,000 | €2,000,000 | = | 0.0% |
| Current assets | 29/58 | €71,935 | €562,559 | +€490,623 | +682.0% |
| Amounts receivable within one year | 40/41 | €50,341 | €542,954 | +€492,613 | +978.5% |
| Trade receivables | 40 | €387 | - | -€387 | |
| Other amounts receivable | 41 | €49,954 | €542,954 | +€493,000 | +986.9% |
| Cash at bank and in hand | 54/58 | €21,594 | €19,604 | -€1,990 | -9.2% |
| Total equity and liabilities | 10/49 | €2,418,110 | €2,899,577 | +€481,467 | +19.9% |
| Equity | 10/15 | €1,281,763 | €1,366,215 | +€84,452 | +6.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €88,000 | €128,000 | +€40,000 | +45.5% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €120,000 | +€40,000 | +50.0% |
| Profit (loss) carried forward | 14 | €1,113,763 | €1,158,215 | +€44,452 | +4.0% |
| Amounts payable | 17/49 | €1,136,347 | €1,533,362 | +€397,015 | +34.9% |
| Amounts payable after more than one year | 17 | €933,075 | €850,895 | -€82,180 | -8.8% |
| Financial debts | 170/4 | €933,075 | €850,895 | -€82,180 | -8.8% |
| Amounts payable within one year | 42/48 | €171,668 | €662,647 | +€490,979 | +286.0% |
| Current portion of amounts payable after more than one year | 42 | €134,418 | €82,180 | -€52,238 | -38.9% |
| Financial debts | 43 | - | €500,000 | +€500,000 | |
| Credit institutions | 430/8 | - | €500,000 | +€500,000 | |
| Trade debts | 44 | €414 | €431 | +€18 | +4.2% |
| Suppliers | 440/4 | €414 | €431 | +€18 | +4.2% |
| Taxes, remuneration and social security | 45 | €36,465 | €79,664 | +€43,199 | +118.5% |
| Taxes | 450/3 | €35,465 | €71,664 | +€36,199 | +102.1% |
| Remuneration and social security | 454/9 | €1,000 | €8,000 | +€7,000 | +700.0% |
| Other amounts payable | 47/48 | €372 | €372 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €31,603 | €19,820 | -€11,784 | -37.3% |
| Turnover | 70 | €179,358 | €188,978 | +€9,620 | +5.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €26,000 | €26,934 | +€934 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,156 | €9,156 | = | 0.0% |
| Other operating charges | 640/8 | €9,387 | €9,490 | +€102 | +1.1% |
| Gross operating margin | 9900 | €156,660 | €166,811 | +€10,150 | +6.5% |
| Operating profit (loss) | 9901 | €138,117 | €148,165 | +€10,048 | +7.3% |
| Financial charges | 65/66B | €22,830 | €27,514 | +€4,684 | +20.5% |
| Recurring financial charges | 65 | €22,830 | €27,514 | +€4,684 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | €115,287 | €120,651 | +€5,364 | +4.7% |
| Income taxes | 67/77 | €35,465 | €36,199 | +€734 | +2.1% |
| Profit (loss) for the period | 9904 | €79,822 | €84,452 | +€4,630 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €79,822 | €84,452 | +€4,630 | +5.8% |
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 28 September 2026 via checked.be.