MAGIC DSP: 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 DSP
Largest movements
- Tangible fixed assets -€50,138
down €50,138 (-13.8%), from €364,412 to €314,274
- Deferred charges and accrued income +€17,639
up €17,639 (+64.3%), from €27,418 to €45,057
- Intangible fixed assets -€8,584
down €8,584 (-27.6%), from €31,048 to €22,463
- Cash -€6,269
down €6,269 (-59.8%), from €10,480 to €4,211
mainly Net result for the year (-€139,622) and Debts after one year (-€51,078)
- Profit (loss) carried forward -€139,622
down €139,622 (-317.2%), from -€44,013 to -€183,634
- Trade debts +€83,897
up €83,897 (+86.9%), from €96,552 to €180,449
- Other debts +€78,953
up €78,953 (+584.9%), from €13,500 to €92,453
- Debts after one year -€51,078
down €51,078 (-17.6%), from €289,661 to €238,583
- Tax, wage and social debts -€20,710
down €20,710 (-46.3%), from €44,739 to €24,029
of which Taxes: -€15,049
- Staff costs -€32,508
down €32,508 (-28.7%), from €113,182 to €80,674
- Depreciation +€25,843
up €25,843 (+52.5%), from €49,199 to €75,042
- Financial charges +€12,029
up €12,029 (+88.2%), from €13,633 to €25,662
- Gross operating margin -€9,773
down €9,773 (-16.8%), from €58,253 to €48,480
- Other operating charges -€4,523
down €4,523 (-42.1%), from €10,753 to €6,230
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 | €495,080 | €443,473 | -€51,607 | -10.4% |
| Fixed assets | 21/28 | €398,659 | €339,937 | -€58,723 | -14.7% |
| Intangible fixed assets | 21 | €31,048 | €22,463 | -€8,584 | -27.6% |
| Tangible fixed assets | 22/27 | €364,412 | €314,274 | -€50,138 | -13.8% |
| Land and buildings | 22 | €21,731 | €19,808 | -€1,923 | -8.8% |
| Plant, machinery and equipment | 23 | €89,018 | €73,073 | -€15,945 | -17.9% |
| Furniture and vehicles | 24 | €17,984 | €9,964 | -€8,020 | -44.6% |
| Leasing and similar rights | 25 | €235,679 | €211,429 | -€24,250 | -10.3% |
| Financial fixed assets | 28 | €3,199 | €3,199 | = | 0.0% |
| Current assets | 29/58 | €96,421 | €103,537 | +€7,116 | +7.4% |
| Amounts receivable within one year | 40/41 | €58,523 | €54,269 | -€4,255 | -7.3% |
| Trade receivables | 40 | €21,738 | €54,127 | +€32,389 | +149.0% |
| Other amounts receivable | 41 | €36,786 | €142 | -€36,644 | -99.6% |
| Cash at bank and in hand | 54/58 | €10,480 | €4,211 | -€6,269 | -59.8% |
| Deferred charges and accrued income | 490/1 | €27,418 | €45,057 | +€17,639 | +64.3% |
| Total equity and liabilities | 10/49 | €495,080 | €443,473 | -€51,607 | -10.4% |
| Equity | 10/15 | -€42,513 | -€182,134 | -€139,622 | -328.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,013 | -€183,634 | -€139,622 | -317.2% |
| Amounts payable | 17/49 | €537,593 | €625,607 | +€88,015 | +16.4% |
| Amounts payable after more than one year | 17 | €289,661 | €238,583 | -€51,078 | -17.6% |
| Financial debts | 170/4 | €289,661 | €238,583 | -€51,078 | -17.6% |
| Amounts payable within one year | 42/48 | €247,932 | €387,024 | +€139,093 | +56.1% |
| Current portion of amounts payable after more than one year | 42 | €93,141 | €90,093 | -€3,048 | -3.3% |
| Trade debts | 44 | €96,552 | €180,449 | +€83,897 | +86.9% |
| Suppliers | 440/4 | €96,552 | €180,449 | +€83,897 | +86.9% |
| Taxes, remuneration and social security | 45 | €44,739 | €24,029 | -€20,710 | -46.3% |
| Taxes | 450/3 | €26,073 | €11,023 | -€15,049 | -57.7% |
| Remuneration and social security | 454/9 | €18,666 | €13,006 | -€5,660 | -30.3% |
| Other amounts payable | 47/48 | €13,500 | €92,453 | +€78,953 | +584.9% |
| Remuneration, social security and pensions | 62 | €113,182 | €80,674 | -€32,508 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,199 | €75,042 | +€25,843 | +52.5% |
| Other operating charges | 640/8 | €10,753 | €6,230 | -€4,523 | -42.1% |
| Gross operating margin | 9900 | €58,253 | €48,480 | -€9,773 | -16.8% |
| Operating profit (loss) | 9901 | -€114,881 | -€113,467 | +€1,414 | +1.2% |
| Financial income | 75/76B | €1,483 | - | -€1,483 | |
| Recurring financial income | 75 | €1,483 | - | -€1,483 | |
| Financial charges | 65/66B | €13,633 | €25,662 | +€12,029 | +88.2% |
| Recurring financial charges | 65 | €13,633 | €25,662 | +€12,029 | +88.2% |
| Profit (loss) for the period before taxes | 9903 | -€127,031 | -€139,129 | -€12,098 | -9.5% |
| Income taxes | 67/77 | €436 | €493 | +€57 | +13.0% |
| Profit (loss) for the period | 9904 | -€127,467 | -€139,622 | -€12,155 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€127,467 | -€139,622 | -€12,155 | -9.5% |
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 10 October 2026 via checked.be.