MAGIC HANDS BUSINESS: 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 HANDS BUSINESS
Largest movements
- Receivables within one year -€68,535
down €68,535 (-43.9%), from €156,177 to €87,642
of which Trade receivables: -€140,195
- Tangible fixed assets -€8,037
down €8,037 (-22.1%), from €36,339 to €28,302
- Trade debts -€34,358
down €34,358 (-82.9%), from €41,452 to €7,094
- Advances received -€17,860
no longer reported in 2024 (was €17,860)
- Other debts -€12,362
down €12,362 (-87.6%), from €14,112 to €1,750
- Debts after one year -€7,357
down €7,357 (-24.5%), from €30,085 to €22,729
- Tax, wage and social debts -€4,443
down €4,443 (-22.6%), from €19,620 to €15,177
of which Remuneration and social security: -€5,350
- Gross operating margin -€14,339
down €14,339 (-52.3%), from €27,422 to €13,083
- Depreciation +€5,331
up €5,331 (+197%), from €2,705 to €8,037
- Financial charges +€4,761
up €4,761 (+533%), from €893 to €5,653
- Taxes -€3,633
down €3,633 (-79.6%), from €4,563 to €930
- Other operating charges -€1,385
down €1,385 (-88.0%), from €1,574 to €189
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €192,608 | €115,990 | -€76,618 | -39.8% |
| Fixed assets | 21/28 | €36,339 | €28,302 | -€8,037 | -22.1% |
| Tangible fixed assets | 22/27 | €36,339 | €28,302 | -€8,037 | -22.1% |
| Furniture and vehicles | 24 | €36,339 | €28,302 | -€8,037 | -22.1% |
| Current assets | 29/58 | €156,269 | €87,688 | -€68,581 | -43.9% |
| Amounts receivable within one year | 40/41 | €156,177 | €87,642 | -€68,535 | -43.9% |
| Trade receivables | 40 | €155,456 | €15,261 | -€140,195 | -90.2% |
| Other amounts receivable | 41 | €721 | €72,381 | +€71,660 | +9,933% |
| Cash at bank and in hand | 54/58 | €92 | €46 | -€46 | -49.8% |
| Total equity and liabilities | 10/49 | €192,608 | €115,990 | -€76,618 | -39.8% |
| Equity | 10/15 | €62,445 | €61,884 | -€560 | -0.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,445 | €59,884 | -€560 | -0.9% |
| Amounts payable | 17/49 | €130,163 | €54,106 | -€76,057 | -58.4% |
| Amounts payable after more than one year | 17 | €30,085 | €22,729 | -€7,357 | -24.5% |
| Financial debts | 170/4 | €30,085 | €22,729 | -€7,357 | -24.5% |
| Amounts payable within one year | 42/48 | €100,078 | €31,377 | -€68,701 | -68.6% |
| Current portion of amounts payable after more than one year | 42 | €7,034 | €7,357 | +€323 | +4.6% |
| Trade debts | 44 | €41,452 | €7,094 | -€34,358 | -82.9% |
| Suppliers | 440/4 | €41,452 | €7,094 | -€34,358 | -82.9% |
| Advances received on contracts in progress | 46 | €17,860 | - | -€17,860 | |
| Taxes, remuneration and social security | 45 | €19,620 | €15,177 | -€4,443 | -22.6% |
| Taxes | 450/3 | €14,270 | €15,177 | +€907 | +6.4% |
| Remuneration and social security | 454/9 | €5,350 | - | -€5,350 | |
| Other amounts payable | 47/48 | €14,112 | €1,750 | -€12,362 | -87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,705 | €8,037 | +€5,331 | +197% |
| Other operating charges | 640/8 | €1,574 | €189 | -€1,385 | -88.0% |
| Gross operating margin | 9900 | €27,422 | €13,083 | -€14,339 | -52.3% |
| Operating profit (loss) | 9901 | €23,143 | €4,857 | -€18,286 | -79.0% |
| Financial income | 75/76B | - | €1,166 | +€1,166 | |
| Recurring financial income | 75 | - | €1,166 | +€1,166 | |
| Financial charges | 65/66B | €893 | €5,653 | +€4,761 | +533% |
| Recurring financial charges | 65 | €893 | €5,653 | +€4,761 | +533% |
| Profit (loss) for the period before taxes | 9903 | €22,250 | €370 | -€21,880 | -98.3% |
| Income taxes | 67/77 | €4,563 | €930 | -€3,633 | -79.6% |
| Profit (loss) for the period | 9904 | €17,687 | -€560 | -€18,248 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,687 | -€560 | -€18,248 |
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 1 November 2026 via checked.be.