MAGIC CENTER: 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 CENTER
Largest movements
- Tangible fixed assets +€96,247
up €96,247 (+75.0%), from €128,378 to €224,625
of which Furniture and vehicles: +€63,955
- Receivables within one year +€62,520
up €62,520 (+119%), from €52,739 to €115,259
of which Other amounts receivable: +€34,931
- Cash -€53,674
down €53,674 (-32.6%), from €164,631 to €110,957
mainly Investment in fixed assets (net) (-€124,746) and Receivables within one year (-€62,520)
- Trade debts +€59,833
up €59,833 (+69.2%), from €86,425 to €146,258
- Reserves +€52,749
up €52,749 (+87.5%), from €60,315 to €113,064
of which Distributable reserves: +€52,749
- Debts after one year -€7,187
no longer reported in 2025 (was €7,187)
- Gross operating margin +€12,032
up €12,032 (+5.6%), from €215,971 to €228,003
- Other operating charges +€5,543
up €5,543 (+33.4%), from €16,606 to €22,148
- Depreciation +€4,141
up €4,141 (+17.0%), from €24,357 to €28,499
- Taxes +€3,473
up €3,473 (+12.8%), from €27,115 to €30,587
- Staff costs -€3,159
down €3,159 (-3.4%), from €92,871 to €89,712
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 | €373,007 | €478,152 | +€105,144 | +28.2% |
| Fixed assets | 21/28 | €130,823 | €227,070 | +€96,247 | +73.6% |
| Tangible fixed assets | 22/27 | €128,378 | €224,625 | +€96,247 | +75.0% |
| Land and buildings | 22 | €124,922 | €147,564 | +€22,642 | +18.1% |
| Plant, machinery and equipment | 23 | €1,795 | €11,445 | +€9,650 | +537% |
| Furniture and vehicles | 24 | €1,661 | €65,616 | +€63,955 | +3,850% |
| Financial fixed assets | 28 | €2,445 | €2,445 | = | 0.0% |
| Current assets | 29/58 | €242,184 | €251,081 | +€8,897 | +3.7% |
| Stocks and contracts in progress | 3 | €14,600 | €14,600 | = | 0.0% |
| Stocks | 30/36 | €14,600 | €14,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,739 | €115,259 | +€62,520 | +119% |
| Trade receivables | 40 | €44,759 | €72,349 | +€27,590 | +61.6% |
| Other amounts receivable | 41 | €7,980 | €42,910 | +€34,931 | +438% |
| Cash at bank and in hand | 54/58 | €164,631 | €110,957 | -€53,674 | -32.6% |
| Deferred charges and accrued income | 490/1 | €10,214 | €10,265 | +€50 | +0.5% |
| Total equity and liabilities | 10/49 | €373,007 | €478,152 | +€105,144 | +28.2% |
| Equity | 10/15 | €226,013 | €278,762 | +€52,749 | +23.3% |
| Contributions | 10/11 | €124,195 | €124,195 | = | 0.0% |
| Capital | 10 | €124,195 | €124,195 | = | 0.0% |
| Issued capital | 100 | €124,195 | €124,195 | = | 0.0% |
| Reserves | 13 | €60,315 | €113,064 | +€52,749 | +87.5% |
| Non-distributable reserves | 130/1 | €5,499 | €5,499 | = | 0.0% |
| Legal reserve | 130 | €5,499 | €5,499 | = | 0.0% |
| Distributable reserves | 133 | €54,816 | €107,565 | +€52,749 | +96.2% |
| Profit (loss) carried forward | 14 | €41,503 | €41,503 | = | 0.0% |
| Amounts payable | 17/49 | €146,994 | €199,390 | +€52,396 | +35.6% |
| Amounts payable after more than one year | 17 | €7,187 | - | -€7,187 | |
| Financial debts | 170/4 | €7,187 | - | -€7,187 | |
| Amounts payable within one year | 42/48 | €139,807 | €199,390 | +€59,583 | +42.6% |
| Trade debts | 44 | €86,425 | €146,258 | +€59,833 | +69.2% |
| Suppliers | 440/4 | €86,425 | €146,258 | +€59,833 | +69.2% |
| Taxes, remuneration and social security | 45 | €53,382 | €53,132 | -€250 | -0.5% |
| Taxes | 450/3 | €28,270 | €53,132 | +€24,862 | +87.9% |
| Remuneration and social security | 454/9 | €25,112 | - | -€25,112 | |
| Remuneration, social security and pensions | 62 | €92,871 | €89,712 | -€3,159 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,357 | €28,499 | +€4,141 | +17.0% |
| Other operating charges | 640/8 | €16,606 | €22,148 | +€5,543 | +33.4% |
| Gross operating margin | 9900 | €215,971 | €228,003 | +€12,032 | +5.6% |
| Operating profit (loss) | 9901 | €82,137 | €87,643 | +€5,507 | +6.7% |
| Financial income | 75/76B | €98 | €1,048 | +€950 | +968% |
| Recurring financial income | 75 | €98 | €1,048 | +€950 | +968% |
| Financial charges | 65/66B | €5,011 | €5,355 | +€344 | +6.9% |
| Recurring financial charges | 65 | €5,011 | €5,355 | +€344 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €77,224 | €83,336 | +€6,112 | +7.9% |
| Income taxes | 67/77 | €27,115 | €30,587 | +€3,473 | +12.8% |
| Profit (loss) for the period | 9904 | €50,110 | €52,749 | +€2,639 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,110 | €52,749 | +€2,639 | +5.3% |
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 17 October 2026 via checked.be.