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
- Receivables within one year -€54,151
down €54,151 (-32.6%), from €166,301 to €112,150
of which Trade receivables: -€54,105
- Cash -€33,984
down €33,984 (-67.9%), from €50,022 to €16,038
mainly Trade debts (-€56,810) and Advances received (-€16,100)
- Trade debts -€56,810
down €56,810 (-39.0%), from €145,793 to €88,983
- Advances received -€16,100
down €16,100 (-68.2%), from €23,600 to €7,500
- Profit (loss) carried forward -€12,207
down €12,207 (-11.7%), from -€104,663 to -€116,870
- Other debts -€3,935
down €3,935 (-70.7%), from €5,567 to €1,632
- Gross operating margin -€19,613
down €19,613, from €9,054 to -€10,559
- Financial income -€1,253
no longer reported in 2025 (was €1,253)
of which Financial income: -€1,253
- Other operating charges -€653
down €653 (-51.0%), from €1,280 to €627
- Financial charges -€506
down €506 (-33.1%), from €1,527 to €1,021
- Taxes -€295
no longer reported in 2025 (was €295)
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 | €216,323 | €128,188 | -€88,135 | -40.7% |
| Current assets | 29/58 | €216,323 | €128,188 | -€88,135 | -40.7% |
| Amounts receivable within one year | 40/41 | €166,301 | €112,150 | -€54,151 | -32.6% |
| Trade receivables | 40 | €166,255 | €112,150 | -€54,105 | -32.5% |
| Other amounts receivable | 41 | €46 | - | -€46 | |
| Cash at bank and in hand | 54/58 | €50,022 | €16,038 | -€33,984 | -67.9% |
| Total equity and liabilities | 10/49 | €216,323 | €128,188 | -€88,135 | -40.7% |
| Equity | 10/15 | €40,054 | €27,847 | -€12,207 | -30.5% |
| Contributions | 10/11 | €132,647 | €132,647 | = | 0.0% |
| Capital | 10 | €132,647 | €132,647 | = | 0.0% |
| Issued capital | 100 | €132,647 | €132,647 | = | 0.0% |
| Reserves | 13 | €12,070 | €12,070 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €5,873 | €5,873 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,663 | -€116,870 | -€12,207 | -11.7% |
| Amounts payable | 17/49 | €176,269 | €100,341 | -€75,928 | -43.1% |
| Amounts payable within one year | 42/48 | €176,269 | €100,341 | -€75,928 | -43.1% |
| Trade debts | 44 | €145,793 | €88,983 | -€56,810 | -39.0% |
| Suppliers | 440/4 | €145,793 | €88,983 | -€56,810 | -39.0% |
| Advances received on contracts in progress | 46 | €23,600 | €7,500 | -€16,100 | -68.2% |
| Taxes, remuneration and social security | 45 | €1,309 | €2,226 | +€917 | +70.1% |
| Taxes | 450/3 | €1,309 | €2,226 | +€917 | +70.1% |
| Other amounts payable | 47/48 | €5,567 | €1,632 | -€3,935 | -70.7% |
| Other operating charges | 640/8 | €1,280 | €627 | -€653 | -51.0% |
| Gross operating margin | 9900 | €9,054 | -€10,559 | -€19,613 | |
| Operating profit (loss) | 9901 | €7,774 | -€11,186 | -€18,960 | |
| Financial income | 75/76B | €1,253 | - | -€1,253 | |
| Recurring financial income | 75 | €1,253 | - | -€1,253 | |
| Non-recurring financial income | 76B | €1,253 | - | -€1,253 | |
| Financial charges | 65/66B | €1,527 | €1,021 | -€506 | -33.1% |
| Recurring financial charges | 65 | €1,527 | €1,021 | -€506 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €7,500 | -€12,207 | -€19,707 | |
| Income taxes | 67/77 | €295 | - | -€295 | |
| Profit (loss) for the period | 9904 | €7,205 | -€12,207 | -€19,412 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,205 | -€12,207 | -€19,412 |
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 14 October 2026 via checked.be.