MAGIC MIRRORS: 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.
What changed
MAGIC MIRRORS
NACE 77.392, Rental and leasing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€332,834
2024 · €48,957+€283,876
Equity
€265,478
2024 · €257,644+€7,834
Cash
€13,774
2024 · €2,167+€11,607
Balance sheet total
€1.9m
2024 · €1.4m+€486,309
Largest movements
Assets
- Receivables within one year +€481,727
up €481,727 (+38.3%), from €1.3m to €1.7m
of which Other amounts receivable: +€868,441
Equity and liabilities
- Trade debts +€600,258
up €600,258 (+565.9%), from €106,077 to €706,334
- Advances received -€157,859
down €157,859 (-31.5%), from €501,839 to €343,979
- Other debts +€84,302
up €84,302 (+35.0%), from €240,698 to €325,000
- Tax, wage and social debts -€32,387
down €32,387 (-13.1%), from €247,291 to €214,904
of which Remuneration and social security: -€92,418
Income statement
- Gross operating margin +€446,856
up €446,856 (+55.6%), from €804,179 to €1.3m
- Write-downs +€117,500
up €117,500, from -€117,500 to €0
- Financial income +€87,276
up €87,276 (+2186.0%), from €3,993 to €91,269
- Staff costs +€86,542
up €86,542 (+10.8%), from €801,249 to €887,791
- Taxes +€45,235
up €45,235 (+128.4%), from €35,218 to €80,453
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.
Result 2024
€48,957
Gross operating margin
+€446,856
Staff costs
-€86,542
Depreciation
+€946
Write-downs
-€117,500
Other operating charges
+€1,902
Financial income
+€87,276
Financial charges
-€3,827
Taxes
-€45,235
Result 2025
€332,834
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.
From operations
+€359,013
Investment
-€15,178
Financing
-€332,228
Cash 2024
€2,167
From operations (derived)
+€359,013
Net result for the year
+€332,834
Depreciation
+€20,673
Stocks and contracts
+€8,100
Receivables within one year
-€481,727
Deferred charges and accrued income
-€6,570
Trade debts
+€600,258
Tax, wage and social debts
-€32,387
Advances received
-€157,859
Other debts
+€84,302
Accrued charges and deferred income
-€8,609
Investment (derived)
-€15,178
Investment in fixed assets (net)
-€15,178
Financing
-€332,228
Short-term financial debts
-€7,228
Contributions, distributions and other
-€325,000
Cash 2025
€13,774
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,369,386 | €1,855,695 | +€486,309 | +35.5% |
| Fixed assets | 21/28 | €84,269 | €78,774 | -€5,495 | -6.5% |
| Intangible fixed assets | 21 | €2,553 | €536 | -€2,017 | -79.0% |
| Tangible fixed assets | 22/27 | €55,092 | €51,983 | -€3,108 | -5.6% |
| Plant, machinery and equipment | 23 | €18,891 | €25,635 | +€6,744 | +35.7% |
| Furniture and vehicles | 24 | €32,130 | €23,989 | -€8,141 | -25.3% |
| Other tangible fixed assets | 26 | €4,070 | €2,359 | -€1,712 | -42.1% |
| Financial fixed assets | 28 | €26,625 | €26,255 | -€370 | -1.4% |
| Current assets | 29/58 | €1,285,117 | €1,776,921 | +€491,804 | +38.3% |
| Stocks and contracts in progress | 3 | €8,100 | €0 | -€8,100 | -100.0% |
| Stocks | 30/36 | €8,100 | €0 | -€8,100 | -100.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,258,822 | €1,740,549 | +€481,727 | +38.3% |
| Trade receivables | 40 | €526,681 | €139,967 | -€386,713 | -73.4% |
| Other amounts receivable | 41 | €732,141 | €1,600,581 | +€868,441 | +118.6% |
| Cash at bank and in hand | 54/58 | €2,167 | €13,774 | +€11,607 | +535.7% |
| Deferred charges and accrued income | 490/1 | €16,029 | €22,599 | +€6,570 | +41.0% |
| Total equity and liabilities | 10/49 | €1,369,386 | €1,855,695 | +€486,309 | +35.5% |
| Equity | 10/15 | €257,644 | €265,478 | +€7,834 | +3.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €251,447 | €259,280 | +€7,834 | +3.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €249,588 | €257,421 | +€7,834 | +3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,111,742 | €1,590,217 | +€478,475 | +43.0% |
| Amounts payable within one year | 42/48 | €1,103,132 | €1,590,217 | +€487,085 | +44.2% |
| Financial debts | 43 | €7,228 | €0 | -€7,228 | -100.0% |
| Credit institutions | 430/8 | €7,228 | €0 | -€7,228 | -100.0% |
| Trade debts | 44 | €106,077 | €706,334 | +€600,258 | +565.9% |
| Suppliers | 440/4 | €106,077 | €706,334 | +€600,258 | +565.9% |
| Advances received on contracts in progress | 46 | €501,839 | €343,979 | -€157,859 | -31.5% |
| Taxes, remuneration and social security | 45 | €247,291 | €214,904 | -€32,387 | -13.1% |
| Taxes | 450/3 | €59,042 | €119,072 | +€60,031 | +101.7% |
| Remuneration and social security | 454/9 | €188,249 | €95,831 | -€92,418 | -49.1% |
| Other amounts payable | 47/48 | €240,698 | €325,000 | +€84,302 | +35.0% |
| Accrued charges and deferred income | 492/3 | €8,609 | €0 | -€8,609 | -100.0% |
| Non-recurring operating income | 76A | €2,155 | €0 | -€2,155 | -100.0% |
| Remuneration, social security and pensions | 62 | €801,249 | €887,791 | +€86,542 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,619 | €20,673 | -€946 | -4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€117,500 | €0 | +€117,500 | |
| Other operating charges | 640/8 | €9,404 | €7,502 | -€1,902 | -20.2% |
| Gross operating margin | 9900 | €804,179 | €1,251,035 | +€446,856 | +55.6% |
| Operating profit (loss) | 9901 | €89,406 | €335,068 | +€245,662 | +274.8% |
| Financial income | 75/76B | €3,993 | €91,269 | +€87,276 | +2186.0% |
| Recurring financial income | 75 | €3,993 | €91,269 | +€87,276 | +2186.0% |
| Financial charges | 65/66B | €9,223 | €13,050 | +€3,827 | +41.5% |
| Recurring financial charges | 65 | €9,223 | €13,050 | +€3,827 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €84,175 | €413,287 | +€329,111 | +391.0% |
| Income taxes | 67/77 | €35,218 | €80,453 | +€45,235 | +128.4% |
| Profit (loss) for the period | 9904 | €48,957 | €332,834 | +€283,876 | +579.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,957 | €332,834 | +€283,876 | +579.8% |
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 9 October 2026 via checked.be.