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.
MAGIC
Largest movements
- Stocks and contracts -€7,145
down €7,145 (-10.7%), from €67,009 to €59,864
- Trade debts -€10,041
down €10,041 (-71.8%), from €13,992 to €3,951
- Profit (loss) carried forward +€8,188
up €8,188 (+33.1%), from -€24,742 to -€16,553
- Other debts -€4,967
down €4,967 (-11.6%), from €42,797 to €37,830
- Short-term financial debts -€1,801
down €1,801 (-42.7%), from €4,214 to €2,414
- Tax, wage and social debts +€1,187
up €1,187 (+18.5%), from €6,416 to €7,603
of which Remuneration and social security: +€595
- Gross operating margin +€12,568
up €12,568 (+198%), from €6,336 to €18,904
- Staff costs +€3,068
up €3,068 (+48.7%), from €6,301 to €9,369
- Financial charges +€592
up €592 (+109%), from €542 to €1,134
- Financial income +€472
up €472 (+124%), from €381 to €853
- Depreciation -€299
down €299 (-52.1%), from €574 to €275
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 | €68,674 | €61,240 | -€7,434 | -10.8% |
| Fixed assets | 21/28 | €653 | €378 | -€275 | -42.1% |
| Tangible fixed assets | 22/27 | €275 | €0 | -€275 | -100% |
| Plant, machinery and equipment | 23 | €275 | €0 | -€275 | -100% |
| Financial fixed assets | 28 | €378 | €378 | = | 0.0% |
| Current assets | 29/58 | €68,021 | €60,862 | -€7,159 | -10.5% |
| Stocks and contracts in progress | 3 | €67,009 | €59,864 | -€7,145 | -10.7% |
| Stocks | 30/36 | €67,009 | €59,864 | -€7,145 | -10.7% |
| Cash at bank and in hand | 54/58 | €1,012 | €998 | -€14 | -1.4% |
| Total equity and liabilities | 10/49 | €68,674 | €61,240 | -€7,434 | -10.8% |
| Equity | 10/15 | €1,254 | €9,442 | +€8,188 | +653% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,995 | €5,995 | = | 0.0% |
| Distributable reserves | 133 | €5,995 | €5,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,742 | -€16,553 | +€8,188 | +33.1% |
| Amounts payable | 17/49 | €67,420 | €51,798 | -€15,622 | -23.2% |
| Amounts payable within one year | 42/48 | €67,420 | €51,798 | -€15,622 | -23.2% |
| Financial debts | 43 | €4,214 | €2,414 | -€1,801 | -42.7% |
| Credit institutions | 430/8 | €4,214 | €2,414 | -€1,801 | -42.7% |
| Trade debts | 44 | €13,992 | €3,951 | -€10,041 | -71.8% |
| Suppliers | 440/4 | €13,992 | €3,951 | -€10,041 | -71.8% |
| Taxes, remuneration and social security | 45 | €6,416 | €7,603 | +€1,187 | +18.5% |
| Taxes | 450/3 | €4,279 | €4,871 | +€592 | +13.8% |
| Remuneration and social security | 454/9 | €2,137 | €2,732 | +€595 | +27.9% |
| Other amounts payable | 47/48 | €42,797 | €37,830 | -€4,967 | -11.6% |
| Remuneration, social security and pensions | 62 | €6,301 | €9,369 | +€3,068 | +48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €574 | €275 | -€299 | -52.1% |
| Other operating charges | 640/8 | €770 | €791 | +€21 | +2.7% |
| Gross operating margin | 9900 | €6,336 | €18,904 | +€12,568 | +198% |
| Operating profit (loss) | 9901 | -€1,308 | €8,469 | +€9,777 | |
| Financial income | 75/76B | €381 | €853 | +€472 | +124% |
| Recurring financial income | 75 | €381 | €853 | +€472 | +124% |
| Financial charges | 65/66B | €542 | €1,134 | +€592 | +109% |
| Recurring financial charges | 65 | €542 | €1,134 | +€592 | +109% |
| Profit (loss) for the period before taxes | 9903 | -€1,469 | €8,188 | +€9,657 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | +200% |
| Profit (loss) for the period | 9904 | -€1,469 | €8,188 | +€9,657 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,469 | €8,188 | +€9,657 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.