Magic Food System: 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 Food System
Largest movements
- Cash -€87,890
down €87,890 (-88.0%), from €99,911 to €12,021
mainly Trade debts (-€191,315) and Contributions, distributions and other (-€40,000)
- Receivables within one year -€79,612
down €79,612 (-32.3%), from €246,650 to €167,038
of which Trade receivables: -€81,697
- Trade debts -€191,315
down €191,315 (-65.0%), from €294,467 to €103,152
- Other debts +€47,307
up €47,307 (+1,048%), from €4,515 to €51,822
- Profit (loss) carried forward -€26,091
down €26,091 (-88.3%), from €29,532 to €3,441
- Staff costs -€32,255
down €32,255 (-100%), from €32,255 to €0
- Other operating charges +€11,208
up €11,208 (+112%), from €10,041 to €21,249
- Write-downs +€7,712
up €7,712 (+286%), from €2,699 to €10,411
- Gross operating margin -€6,069
down €6,069 (-11.6%), from €52,482 to €46,413
- Financial charges -€1,255
down €1,255 (-40.8%), from €3,079 to €1,824
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 | €351,776 | €183,769 | -€168,006 | -47.8% |
| Current assets | 29/58 | €351,776 | €183,769 | -€168,006 | -47.8% |
| Stocks and contracts in progress | 3 | €5,215 | €4,711 | -€504 | -9.7% |
| Stocks | 30/36 | €5,215 | €4,711 | -€504 | -9.7% |
| Amounts receivable within one year | 40/41 | €246,650 | €167,038 | -€79,612 | -32.3% |
| Trade receivables | 40 | €243,333 | €161,635 | -€81,697 | -33.6% |
| Other amounts receivable | 41 | €3,317 | €5,402 | +€2,085 | +62.8% |
| Cash at bank and in hand | 54/58 | €99,911 | €12,021 | -€87,890 | -88.0% |
| Total equity and liabilities | 10/49 | €351,776 | €183,769 | -€168,006 | -47.8% |
| Equity | 10/15 | €49,532 | €23,441 | -€26,091 | -52.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,532 | €3,441 | -€26,091 | -88.3% |
| Amounts payable | 17/49 | €302,243 | €160,328 | -€141,915 | -47.0% |
| Amounts payable within one year | 42/48 | €302,043 | €160,128 | -€141,915 | -47.0% |
| Trade debts | 44 | €294,467 | €103,152 | -€191,315 | -65.0% |
| Suppliers | 440/4 | €294,467 | €103,152 | -€191,315 | -65.0% |
| Advances received on contracts in progress | 46 | €655 | €0 | -€655 | -100% |
| Taxes, remuneration and social security | 45 | €2,406 | €5,154 | +€2,748 | +114% |
| Taxes | 450/3 | €0 | €5,154 | +€5,154 | |
| Remuneration and social security | 454/9 | €2,406 | €0 | -€2,406 | -100% |
| Other amounts payable | 47/48 | €4,515 | €51,822 | +€47,307 | +1,048% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €32,255 | €0 | -€32,255 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,699 | €10,411 | +€7,712 | +286% |
| Other operating charges | 640/8 | €10,041 | €21,249 | +€11,208 | +112% |
| Non-recurring operating charges | 66A | €592 | €0 | -€592 | -100% |
| Gross operating margin | 9900 | €52,482 | €46,413 | -€6,069 | -11.6% |
| Operating profit (loss) | 9901 | €6,895 | €14,753 | +€7,858 | +114% |
| Financial income | 75/76B | €292 | €980 | +€688 | +235% |
| Recurring financial income | 75 | €292 | €980 | +€688 | +235% |
| Financial charges | 65/66B | €3,079 | €1,824 | -€1,255 | -40.8% |
| Recurring financial charges | 65 | €3,079 | €1,824 | -€1,255 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €4,108 | €13,909 | +€9,800 | +239% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €4,108 | €13,909 | +€9,800 | +239% |
| Profit (loss) for the period to be appropriated | 9905 | €4,108 | €13,909 | +€9,800 | +239% |
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 20 October 2026 via checked.be.