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
- Cash +€94,979
up €94,979 (+17.6%), from €539,221 to €634,200
mainly Accrued charges and deferred income (+€89,225) and Debts within one year (+€4,467)
- Accrued charges and deferred income +€89,225
up €89,225 (+80.9%), from €110,328 to €199,552
- Gross operating margin +€37,652
up €37,652 (+7.2%), from €524,832 to €562,484
- Staff costs +€35,162
up €35,162 (+6.7%), from €523,631 to €558,793
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 | €570,376 | €664,900 | +€94,524 | +16.6% |
| Fixed assets | 21/28 | €9,011 | €5,191 | -€3,820 | -42.4% |
| Tangible fixed assets | 22/27 | €9,011 | €5,191 | -€3,820 | -42.4% |
| Plant, machinery and equipment | 23 | €7,728 | €5,191 | -€2,537 | -32.8% |
| Furniture and vehicles | 24 | €1,283 | - | -€1,283 | |
| Current assets | 29/58 | €561,365 | €659,709 | +€98,344 | +17.5% |
| Amounts receivable within one year | 40/41 | €12,543 | €17,056 | +€4,513 | +36.0% |
| Other amounts receivable | 41 | €12,543 | €17,056 | +€4,513 | +36.0% |
| Cash at bank and in hand | 54/58 | €539,221 | €634,200 | +€94,979 | +17.6% |
| Deferred charges and accrued income | 490/1 | €9,601 | €8,453 | -€1,148 | -12.0% |
| Total equity and liabilities | 10/49 | €570,376 | €664,900 | +€94,524 | +16.6% |
| Equity | 10/15 | €11,883 | €12,715 | +€832 | +7.0% |
| Profit (loss) carried forward | 14 | €11,883 | €12,715 | +€832 | +7.0% |
| Amounts payable | 17/49 | €558,493 | €652,185 | +€93,692 | +16.8% |
| Amounts payable within one year | 42/48 | €448,166 | €452,633 | +€4,467 | +1.0% |
| Trade debts | 44 | €14,179 | €9,488 | -€4,691 | -33.1% |
| Suppliers | 440/4 | €14,179 | €9,488 | -€4,691 | -33.1% |
| Taxes, remuneration and social security | 45 | €87,095 | €96,253 | +€9,158 | +10.5% |
| Taxes | 450/3 | €12,644 | €13,980 | +€1,336 | +10.6% |
| Remuneration and social security | 454/9 | €74,451 | €82,274 | +€7,822 | +10.5% |
| Accrued charges and deferred income | 492/3 | €110,328 | €199,552 | +€89,225 | +80.9% |
| Remuneration, social security and pensions | 62 | €523,631 | €558,793 | +€35,162 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,820 | €3,820 | = | 0.0% |
| Gross operating margin | 9900 | €524,832 | €562,484 | +€37,652 | +7.2% |
| Operating profit (loss) | 9901 | -€2,619 | -€129 | +€2,490 | +95.1% |
| Financial income | 75/76B | €995 | €1,248 | +€253 | +25.4% |
| Recurring financial income | 75 | €995 | €1,248 | +€253 | +25.4% |
| Financial charges | 65/66B | €310 | €287 | -€23 | -7.4% |
| Recurring financial charges | 65 | €310 | €287 | -€23 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,934 | €832 | +€2,766 | |
| Profit (loss) for the period | 9904 | -€1,934 | €832 | +€2,766 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,934 | €832 | +€2,766 |
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 12 October 2026 via checked.be.