MAGIC FLOORS: 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.
What changed
MAGIC FLOORS
NACE 46.150, Agents in the wholesale of furniture, household goods and hardware
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€12,220
2023 · €11,564-€23,785
Equity
€456,956
2023 · €469,177-€12,220
Cash
€4,292
2023 · €14,064-€9,772
Balance sheet total
€2.8m
2023 · €2.9m-€125,351
Largest movements
Assets
- Tangible fixed assets -€124,267
down €124,267 (-4.4%), from €2.8m to €2.7m
of which Land and buildings: -€123,753
Equity and liabilities
- Debts after one year -€177,857
down €177,857 (-10.3%), from €1.7m to €1.6m
of which Financial debts: -€176,517
- Trade debts +€87,021
up €87,021 (+22.5%), from €387,370 to €474,392
Income statement
- Turnover -€474,143
down €474,143 (-36.0%), from €1.3m to €842,623
- Purchases and services -€390,184
down €390,184 (-31.8%), from €1.2m to €837,269
- Gross operating margin -€52,208
down €52,208 (-16.1%), from €323,995 to €271,787
- Staff costs -€27,904
down €27,904 (-27.9%), from €100,014 to €72,110
From the 2023 result to the 2024 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.
Result 2023
€11,564
Gross operating margin
-€52,208
Staff costs
+€27,904
Depreciation
+€719
Other operating charges
-€6,195
Financial income
-€5,411
Financial charges
+€6,285
Taxes
+€5,120
Result 2024
-€12,220
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€184,972
Investment
€0
Financing
-€194,744
Cash 2023
€14,064
From operations (derived)
+€184,972
Net result for the year
-€12,220
Depreciation
+€125,857
Stocks and contracts
-€10,728
Receivables within one year
+€2,788
Deferred charges and accrued income
-€2,337
Trade debts
+€87,021
Tax, wage and social debts
-€2,023
Accrued charges and deferred income
-€3,385
Financing
-€194,744
Debts after one year
-€177,857
Current portion of long-term debt
-€7,709
Short-term financial debts
-€9,178
Cash 2024
€4,292
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,943,160 | €2,817,809 | -€125,351 | -4.3% |
| Fixed assets | 21/28 | €2,839,678 | €2,713,821 | -€125,857 | -4.4% |
| Intangible fixed assets | 21 | €1,590 | - | -€1,590 | |
| Tangible fixed assets | 22/27 | €2,838,063 | €2,713,796 | -€124,267 | -4.4% |
| Land and buildings | 22 | €2,836,909 | €2,713,156 | -€123,753 | -4.4% |
| Furniture and vehicles | 24 | €1,155 | €640 | -€515 | -44.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €103,481 | €103,987 | +€506 | +0.5% |
| Stocks and contracts in progress | 3 | €33,228 | €43,956 | +€10,728 | +32.3% |
| Stocks | 30/36 | €33,228 | €43,956 | +€10,728 | +32.3% |
| Amounts receivable within one year | 40/41 | €50,873 | €48,086 | -€2,788 | -5.5% |
| Trade receivables | 40 | €42,198 | €40,802 | -€1,395 | -3.3% |
| Other amounts receivable | 41 | €8,676 | €7,283 | -€1,392 | -16.1% |
| Cash at bank and in hand | 54/58 | €14,064 | €4,292 | -€9,772 | -69.5% |
| Deferred charges and accrued income | 490/1 | €5,315 | €7,653 | +€2,337 | +44.0% |
| Total equity and liabilities | 10/49 | €2,943,160 | €2,817,809 | -€125,351 | -4.3% |
| Equity | 10/15 | €469,177 | €456,956 | -€12,220 | -2.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €177,000 | €177,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €175,000 | €175,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €272,177 | €259,956 | -€12,220 | -4.5% |
| Amounts payable | 17/49 | €2,473,983 | €2,360,852 | -€113,131 | -4.6% |
| Amounts payable after more than one year | 17 | €1,732,174 | €1,554,317 | -€177,857 | -10.3% |
| Financial debts | 170/4 | €1,720,239 | €1,543,722 | -€176,517 | -10.3% |
| Other amounts payable | 178/9 | €11,935 | €10,595 | -€1,340 | -11.2% |
| Amounts payable within one year | 42/48 | €736,946 | €805,057 | +€68,111 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €198,375 | €190,666 | -€7,709 | -3.9% |
| Financial debts | 43 | €9,178 | - | -€9,178 | |
| Credit institutions | 430/8 | €9,178 | - | -€9,178 | |
| Trade debts | 44 | €387,370 | €474,392 | +€87,021 | +22.5% |
| Suppliers | 440/4 | €387,370 | €474,392 | +€87,021 | +22.5% |
| Taxes, remuneration and social security | 45 | €42,002 | €39,979 | -€2,023 | -4.8% |
| Taxes | 450/3 | €16,192 | €14,560 | -€1,631 | -10.1% |
| Remuneration and social security | 454/9 | €25,810 | €25,419 | -€392 | -1.5% |
| Other amounts payable | 47/48 | €100,020 | €100,020 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,863 | €1,478 | -€3,385 | -69.6% |
| Turnover | 70 | €1,316,767 | €842,623 | -€474,143 | -36.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,227,453 | €837,269 | -€390,184 | -31.8% |
| Remuneration, social security and pensions | 62 | €100,014 | €72,110 | -€27,904 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,576 | €125,857 | -€719 | -0.6% |
| Other operating charges | 640/8 | €22,883 | €29,077 | +€6,195 | +27.1% |
| Gross operating margin | 9900 | €323,995 | €271,787 | -€52,208 | -16.1% |
| Operating profit (loss) | 9901 | €74,522 | €44,743 | -€29,779 | -40.0% |
| Financial income | 75/76B | €5,741 | €330 | -€5,411 | -94.3% |
| Recurring financial income | 75 | €5,741 | €330 | -€5,411 | -94.3% |
| Financial charges | 65/66B | €59,681 | €53,396 | -€6,285 | -10.5% |
| Recurring financial charges | 65 | €59,681 | €53,396 | -€6,285 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €20,582 | -€8,323 | -€28,905 | |
| Income taxes | 67/77 | €9,018 | €3,898 | -€5,120 | -56.8% |
| Profit (loss) for the period | 9904 | €11,564 | -€12,220 | -€23,785 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,564 | -€12,220 | -€23,785 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.