MAGIC GARDEN: 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 GARDEN
Largest movements
- Cash +€47,318
up €47,318 (+56.1%), from €84,347 to €131,665
mainly Net result for the year (+€54,445) and Depreciation (+€28,943)
- Tangible fixed assets -€21,924
down €21,924 (-8.5%), from €258,491 to €236,567
- Receivables within one year -€6,743
down €6,743 (-14.9%), from €45,335 to €38,592
of which Other amounts receivable: -€6,807
- Reserves +€54,445
up €54,445 (+47.9%), from €113,587 to €168,032
- Debts after one year -€20,596
down €20,596 (-7.8%), from €262,471 to €241,876
- Trade debts -€15,013
down €15,013 (-68.0%), from €22,075 to €7,061
- Other debts -€8,196
down €8,196 (-61.5%), from €13,334 to €5,138
- Short-term financial debts +€5,835
up €5,835 (+286%), from €2,038 to €7,873
- Gross operating margin +€29,045
up €29,045 (+29.9%), from €97,190 to €126,235
- Taxes +€7,670
up €7,670 (+49.3%), from €15,572 to €23,243
- Depreciation +€4,009
up €4,009 (+16.1%), from €24,934 to €28,943
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 | €456,648 | €473,891 | +€17,243 | +3.8% |
| Fixed assets | 21/28 | €258,776 | €237,978 | -€20,797 | -8.0% |
| Intangible fixed assets | 21 | - | €906 | +€906 | |
| Tangible fixed assets | 22/27 | €258,491 | €236,567 | -€21,924 | -8.5% |
| Land and buildings | 22 | €157,802 | €151,693 | -€6,109 | -3.9% |
| Plant, machinery and equipment | 23 | €65,761 | €60,530 | -€5,231 | -8.0% |
| Furniture and vehicles | 24 | €8,812 | €7,393 | -€1,419 | -16.1% |
| Leasing and similar rights | 25 | €26,115 | €16,950 | -€9,166 | -35.1% |
| Financial fixed assets | 28 | €285 | €505 | +€220 | +77.2% |
| Current assets | 29/58 | €197,872 | €235,913 | +€38,041 | +19.2% |
| Amounts receivable after more than one year | 29 | €63,000 | €63,000 | = | 0.0% |
| Other amounts receivable | 291 | €63,000 | €63,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,344 | €2,656 | -€1,688 | -38.9% |
| Stocks | 30/36 | €4,344 | €2,656 | -€1,688 | -38.9% |
| Amounts receivable within one year | 40/41 | €45,335 | €38,592 | -€6,743 | -14.9% |
| Trade receivables | 40 | €36,377 | €36,440 | +€64 | +0.2% |
| Other amounts receivable | 41 | €8,958 | €2,152 | -€6,807 | -76.0% |
| Cash at bank and in hand | 54/58 | €84,347 | €131,665 | +€47,318 | +56.1% |
| Deferred charges and accrued income | 490/1 | €847 | - | -€847 | |
| Total equity and liabilities | 10/49 | €456,648 | €473,891 | +€17,243 | +3.8% |
| Equity | 10/15 | €125,424 | €179,869 | +€54,445 | +43.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €113,587 | €168,032 | +€54,445 | +47.9% |
| Distributable reserves | 133 | €113,587 | €168,032 | +€54,445 | +47.9% |
| Profit (loss) carried forward | 14 | €3,777 | €3,777 | = | 0.0% |
| Amounts payable | 17/49 | €331,225 | €294,022 | -€37,202 | -11.2% |
| Amounts payable after more than one year | 17 | €262,471 | €241,876 | -€20,596 | -7.8% |
| Financial debts | 170/4 | €262,471 | €241,876 | -€20,596 | -7.8% |
| Amounts payable within one year | 42/48 | €68,753 | €52,147 | -€16,607 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €20,173 | €21,116 | +€943 | +4.7% |
| Financial debts | 43 | €2,038 | €7,873 | +€5,835 | +286% |
| Other loans | 439 | €2,038 | €7,873 | +€5,835 | +286% |
| Trade debts | 44 | €22,075 | €7,061 | -€15,013 | -68.0% |
| Suppliers | 440/4 | €22,075 | €7,061 | -€15,013 | -68.0% |
| Taxes, remuneration and social security | 45 | €11,134 | €10,959 | -€175 | -1.6% |
| Taxes | 450/3 | €7,644 | €10,959 | +€3,315 | +43.4% |
| Remuneration and social security | 454/9 | €3,490 | - | -€3,490 | |
| Other amounts payable | 47/48 | €13,334 | €5,138 | -€8,196 | -61.5% |
| Remuneration, social security and pensions | 62 | €886 | €2,126 | +€1,239 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,934 | €28,943 | +€4,009 | +16.1% |
| Other operating charges | 640/8 | €3,727 | €3,851 | +€124 | +3.3% |
| Gross operating margin | 9900 | €97,190 | €126,235 | +€29,045 | +29.9% |
| Operating profit (loss) | 9901 | €67,642 | €91,315 | +€23,673 | +35.0% |
| Financial income | 75/76B | €213 | €2 | -€211 | -99.1% |
| Recurring financial income | 75 | €213 | €2 | -€211 | -99.1% |
| Financial charges | 65/66B | €13,008 | €13,629 | +€621 | +4.8% |
| Recurring financial charges | 65 | €13,008 | €13,629 | +€621 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €54,847 | €77,688 | +€22,841 | +41.6% |
| Income taxes | 67/77 | €15,572 | €23,243 | +€7,670 | +49.3% |
| Profit (loss) for the period | 9904 | €39,275 | €54,445 | +€15,170 | +38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,275 | €54,445 | +€15,170 | +38.6% |
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.