MAGIC MOMENT: 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 MOMENT
Largest movements
- Receivables within one year +€107,704
up €107,704 (+223.6%), from €48,163 to €155,867
- Tangible fixed assets -€55,040
down €55,040 (-4.9%), from €1.1m to €1.1m
of which Land and buildings: -€54,150
- Current investments -€27,761
no longer reported in 2025 (was €27,761)
- Cash +€14,090
up €14,090 (+35.0%), from €40,268 to €54,358
mainly Depreciation (+€66,879) and Net result for the year (+€47,918)
- Debts after one year -€37,678
down €37,678 (-4.6%), from €824,932 to €787,254
of which Financial debts: -€37,678
- Reserves +€31,500
up €31,500 (+16.8%), from €188,000 to €219,500
- Other debts +€29,735
up €29,735 (+121.5%), from €24,482 to €54,217
- Tax, wage and social debts -€17,665
down €17,665 (-39.2%), from €45,034 to €27,369
- Profit (loss) carried forward +€16,418
up €16,418 (+24.3%), from €67,663 to €84,081
- Gross operating margin -€41,222
down €41,222 (-20.9%), from €197,653 to €156,431
- Taxes -€10,503
down €10,503 (-33.7%), from €31,137 to €20,634
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 | €1,233,656 | €1,272,649 | +€38,993 | +3.2% |
| Fixed assets | 21/28 | €1,117,464 | €1,062,425 | -€55,040 | -4.9% |
| Tangible fixed assets | 22/27 | €1,117,464 | €1,062,425 | -€55,040 | -4.9% |
| Land and buildings | 22 | €1,027,460 | €973,310 | -€54,150 | -5.3% |
| Plant, machinery and equipment | 23 | €22,401 | €19,382 | -€3,020 | -13.5% |
| Furniture and vehicles | 24 | €67,603 | €69,732 | +€2,129 | +3.1% |
| Current assets | 29/58 | €116,192 | €210,225 | +€94,033 | +80.9% |
| Amounts receivable within one year | 40/41 | €48,163 | €155,867 | +€107,704 | +223.6% |
| Trade receivables | 40 | €48,163 | €155,867 | +€107,704 | +223.6% |
| Current investments | 50/53 | €27,761 | - | -€27,761 | |
| Cash at bank and in hand | 54/58 | €40,268 | €54,358 | +€14,090 | +35.0% |
| Total equity and liabilities | 10/49 | €1,233,656 | €1,272,649 | +€38,993 | +3.2% |
| Equity | 10/15 | €276,123 | €324,041 | +€47,918 | +17.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €188,000 | €219,500 | +€31,500 | +16.8% |
| Distributable reserves | 133 | €188,000 | €219,500 | +€31,500 | +16.8% |
| Profit (loss) carried forward | 14 | €67,663 | €84,081 | +€16,418 | +24.3% |
| Amounts payable | 17/49 | €957,533 | €948,608 | -€8,925 | -0.9% |
| Amounts payable after more than one year | 17 | €824,932 | €787,254 | -€37,678 | -4.6% |
| Financial debts | 170/4 | €504,932 | €467,254 | -€37,678 | -7.5% |
| Other amounts payable | 178/9 | €320,000 | €320,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €115,002 | €133,166 | +€18,164 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €37,185 | €37,678 | +€493 | +1.3% |
| Trade debts | 44 | €8,301 | €13,902 | +€5,602 | +67.5% |
| Suppliers | 440/4 | €8,301 | €13,902 | +€5,602 | +67.5% |
| Taxes, remuneration and social security | 45 | €45,034 | €27,369 | -€17,665 | -39.2% |
| Taxes | 450/3 | €45,034 | €27,369 | -€17,665 | -39.2% |
| Other amounts payable | 47/48 | €24,482 | €54,217 | +€29,735 | +121.5% |
| Accrued charges and deferred income | 492/3 | €17,600 | €28,189 | +€10,589 | +60.2% |
| Non-recurring operating income | 76A | €6,200 | €4,247 | -€1,953 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,533 | €66,879 | -€1,654 | -2.4% |
| Other operating charges | 640/8 | €3,452 | €4,550 | +€1,098 | +31.8% |
| Gross operating margin | 9900 | €197,653 | €156,431 | -€41,222 | -20.9% |
| Operating profit (loss) | 9901 | €125,668 | €85,002 | -€40,666 | -32.4% |
| Financial income | 75/76B | €175 | €67 | -€109 | -62.0% |
| Recurring financial income | 75 | €175 | €67 | -€109 | -62.0% |
| Financial charges | 65/66B | €16,926 | €16,517 | -€409 | -2.4% |
| Recurring financial charges | 65 | €16,926 | €16,517 | -€409 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €108,917 | €68,552 | -€40,365 | -37.1% |
| Income taxes | 67/77 | €31,137 | €20,634 | -€10,503 | -33.7% |
| Profit (loss) for the period | 9904 | €77,780 | €47,918 | -€29,862 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,780 | €47,918 | -€29,862 | -38.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.