MAGIC MEMO: what changed
Two fiscal 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 MEMO
Largest movements
- Cash +€17,194
up €17,194 (+3306.5%), from €520 to €17,714
mainly Depreciation (+€11,581) and Net result for the year (+€9,994)
- Tangible fixed assets -€11,581
down €11,581 (-4.0%), from €286,304 to €274,723
- Receivables within one year +€3,213
up €3,213 (+424.4%), from €757 to €3,970
of which Trade receivables: +€3,970
- Reserves +€9,994
up €9,994 (+9.5%), from €104,750 to €114,744
of which Distributable reserves: +€9,994
- Tax, wage and social debts +€4,396
up €4,396 (+832.6%), from €528 to €4,924
- Gross operating margin +€20,667
up €20,667 (+277.3%), from €7,453 to €28,120
- Other operating charges -€1,634
down €1,634 (-42.0%), from €3,886 to €2,252
- Taxes +€1,002
up €1,002 (+575.9%), from €174 to €1,176
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 | €287,581 | €296,407 | +€8,826 | +3.1% |
| Fixed assets | 21/28 | €286,304 | €274,723 | -€11,581 | -4.0% |
| Tangible fixed assets | 22/27 | €286,304 | €274,723 | -€11,581 | -4.0% |
| Land and buildings | 22 | €286,304 | €274,723 | -€11,581 | -4.0% |
| Current assets | 29/58 | €1,277 | €21,684 | +€20,407 | +1598.0% |
| Amounts receivable within one year | 40/41 | €757 | €3,970 | +€3,213 | +424.4% |
| Trade receivables | 40 | - | €3,970 | +€3,970 | |
| Other amounts receivable | 41 | €757 | - | -€757 | |
| Cash at bank and in hand | 54/58 | €520 | €17,714 | +€17,194 | +3306.5% |
| Total equity and liabilities | 10/49 | €287,581 | €296,407 | +€8,826 | +3.1% |
| Equity | 10/15 | €225,300 | €235,294 | +€9,994 | +4.4% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Revaluation surpluses | 12 | €14,250 | €14,250 | = | 0.0% |
| Reserves | 13 | €104,750 | €114,744 | +€9,994 | +9.5% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,900 | €33,900 | = | 0.0% |
| Distributable reserves | 133 | €66,350 | €76,344 | +€9,994 | +15.1% |
| Profit (loss) carried forward | 14 | €61,300 | €61,300 | = | 0.0% |
| Amounts payable | 17/49 | €62,281 | €61,113 | -€1,168 | -1.9% |
| Amounts payable after more than one year | 17 | €43,000 | €43,000 | = | 0.0% |
| Financial debts | 170/4 | €43,000 | €43,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,518 | €15,069 | +€1,551 | +11.5% |
| Trade debts | 44 | €1,817 | €1,309 | -€508 | -28.0% |
| Suppliers | 440/4 | €1,817 | €1,309 | -€508 | -28.0% |
| Taxes, remuneration and social security | 45 | €528 | €4,924 | +€4,396 | +832.6% |
| Taxes | 450/3 | €528 | €4,924 | +€4,396 | +832.6% |
| Other amounts payable | 47/48 | €11,173 | €8,836 | -€2,337 | -20.9% |
| Accrued charges and deferred income | 492/3 | €5,763 | €3,044 | -€2,719 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,662 | €11,581 | -€81 | -0.7% |
| Other operating charges | 640/8 | €3,886 | €2,252 | -€1,634 | -42.0% |
| Gross operating margin | 9900 | €7,453 | €28,120 | +€20,667 | +277.3% |
| Operating profit (loss) | 9901 | -€8,095 | €14,287 | +€22,382 | |
| Financial charges | 65/66B | €2,937 | €3,117 | +€180 | +6.1% |
| Recurring financial charges | 65 | €2,937 | €3,117 | +€180 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,032 | €11,170 | +€22,202 | |
| Income taxes | 67/77 | €174 | €1,176 | +€1,002 | +575.9% |
| Profit (loss) for the period | 9904 | -€11,206 | €9,994 | +€21,200 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,206 | €9,994 | +€21,200 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.