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 -€11,174
down €11,174 (-41.6%), from €26,874 to €15,700
mainly Net result for the year (-€13,934) and Trade debts (-€10,886)
- Receivables within one year -€1,988
down €1,988 (-10.3%), from €19,243 to €17,255
of which Trade receivables: -€2,600
- Tangible fixed assets -€1,872
down €1,872 (-19.3%), from €9,700 to €7,828
of which Land and buildings: -€1,534
- Profit (loss) carried forward -€13,934
down €13,934 (-42.8%), from -€32,581 to -€46,515
- Trade debts -€10,886
down €10,886 (-68.9%), from €15,790 to €4,904
- Other debts +€10,581
up €10,581 (+116%), from €9,121 to €19,702
- Tax, wage and social debts -€795
down €795 (-68.2%), from €1,165 to €370
of which Taxes: -€421
- Staff costs -€35,688
down €35,688 (-70.3%), from €50,736 to €15,048
- Gross operating margin -€16,441
down €16,441 (-76.0%), from €21,620 to €5,179
- Financial charges +€1,136
up €1,136 (+731%), from €155 to €1,291
- Other operating charges -€650
down €650 (-55.0%), from €1,182 to €532
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 | €56,918 | €41,884 | -€15,034 | -26.4% |
| Fixed assets | 21/28 | €10,800 | €8,928 | -€1,872 | -17.3% |
| Tangible fixed assets | 22/27 | €9,700 | €7,828 | -€1,872 | -19.3% |
| Land and buildings | 22 | €8,247 | €6,713 | -€1,534 | -18.6% |
| Plant, machinery and equipment | 23 | €1,453 | €1,115 | -€338 | -23.3% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €46,117 | €32,956 | -€13,162 | -28.5% |
| Amounts receivable within one year | 40/41 | €19,243 | €17,255 | -€1,988 | -10.3% |
| Trade receivables | 40 | €14,135 | €11,535 | -€2,600 | -18.4% |
| Other amounts receivable | 41 | €5,108 | €5,720 | +€612 | +12.0% |
| Cash at bank and in hand | 54/58 | €26,874 | €15,700 | -€11,174 | -41.6% |
| Total equity and liabilities | 10/49 | €56,918 | €41,884 | -€15,034 | -26.4% |
| Equity | 10/15 | €10,050 | -€3,884 | -€13,934 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €24,081 | €24,081 | = | 0.0% |
| Distributable reserves | 133 | €24,081 | €24,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,581 | -€46,515 | -€13,934 | -42.8% |
| Amounts payable | 17/49 | €46,868 | €45,768 | -€1,100 | -2.3% |
| Amounts payable after more than one year | 17 | €15,747 | €15,747 | = | 0.0% |
| Financial debts | 170/4 | €15,747 | €15,747 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,121 | €30,021 | -€1,100 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €5,045 | €5,045 | = | 0.0% |
| Trade debts | 44 | €15,790 | €4,904 | -€10,886 | -68.9% |
| Suppliers | 440/4 | €15,790 | €4,904 | -€10,886 | -68.9% |
| Taxes, remuneration and social security | 45 | €1,165 | €370 | -€795 | -68.2% |
| Taxes | 450/3 | €791 | €370 | -€421 | -53.2% |
| Remuneration and social security | 454/9 | €374 | - | -€374 | |
| Other amounts payable | 47/48 | €9,121 | €19,702 | +€10,581 | +116% |
| Non-recurring operating income | 76A | - | €661 | +€661 | |
| Remuneration, social security and pensions | 62 | €50,736 | €15,048 | -€35,688 | -70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,772 | €1,872 | +€101 | +5.7% |
| Other operating charges | 640/8 | €1,182 | €532 | -€650 | -55.0% |
| Gross operating margin | 9900 | €21,620 | €5,179 | -€16,441 | -76.0% |
| Operating profit (loss) | 9901 | -€32,070 | -€12,273 | +€19,796 | +61.7% |
| Financial charges | 65/66B | €155 | €1,291 | +€1,136 | +731% |
| Recurring financial charges | 65 | €155 | €1,291 | +€1,136 | +731% |
| Profit (loss) for the period before taxes | 9903 | -€32,225 | -€13,564 | +€18,661 | +57.9% |
| Income taxes | 67/77 | €356 | €370 | +€14 | +4.0% |
| Profit (loss) for the period | 9904 | -€32,581 | -€13,934 | +€18,647 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,581 | -€13,934 | +€18,647 | +57.2% |
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 23 October 2026 via checked.be.