MAGIC MONDAY: 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 MONDAY
Largest movements
- Tangible fixed assets +€78,109
up €78,109 (+70.2%), from €111,264 to €189,373
of which Other tangible fixed assets: +€78,356
- Receivables within one year +€47,562
up €47,562 (+107.8%), from €44,133 to €91,695
of which Trade receivables: +€53,223
- Cash +€24,285
up €24,285 (+93.0%), from €26,116 to €50,401
mainly Other debts (+€77,758) and Trade debts (+€53,567)
- Intangible fixed assets +€18,801
up €18,801 (+40.5%), from €46,397 to €65,198
- Other debts +€77,758
up €77,758 (+300.1%), from €25,910 to €103,668
- Trade debts +€53,567
up €53,567 (+670.6%), from €7,988 to €61,554
- Debts after one year +€25,439
up €25,439 (+26.2%), from €97,123 to €122,562
- Current portion of long-term debt +€6,506
up €6,506 (+29.7%), from €21,892 to €28,397
- Profit (loss) carried forward +€5,540
up €5,540 (+50.4%), from €11,001 to €16,541
- Gross operating margin +€4,450
up €4,450 (+12.6%), from €35,287 to €39,737
- Other operating charges +€3,539
up €3,539 (+93.4%), from €3,791 to €7,329
- Depreciation -€2,388
down €2,388 (-11.3%), from €21,213 to €18,825
- Financial charges +€1,563
up €1,563 (+39.2%), from €3,986 to €5,549
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 | €230,070 | €398,997 | +€168,927 | +73.4% |
| Fixed assets | 21/28 | €157,686 | €254,597 | +€96,910 | +61.5% |
| Intangible fixed assets | 21 | €46,397 | €65,198 | +€18,801 | +40.5% |
| Tangible fixed assets | 22/27 | €111,264 | €189,373 | +€78,109 | +70.2% |
| Land and buildings | 22 | €247 | - | -€247 | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Other tangible fixed assets | 26 | €111,017 | €189,373 | +€78,356 | +70.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €72,384 | €144,400 | +€72,016 | +99.5% |
| Amounts receivable within one year | 40/41 | €44,133 | €91,695 | +€47,562 | +107.8% |
| Trade receivables | 40 | €28,309 | €81,532 | +€53,223 | +188.0% |
| Other amounts receivable | 41 | €15,823 | €10,163 | -€5,661 | -35.8% |
| Cash at bank and in hand | 54/58 | €26,116 | €50,401 | +€24,285 | +93.0% |
| Deferred charges and accrued income | 490/1 | €2,135 | €2,304 | +€169 | +7.9% |
| Total equity and liabilities | 10/49 | €230,070 | €398,997 | +€168,927 | +73.4% |
| Equity | 10/15 | €70,256 | €75,796 | +€5,540 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,655 | €40,655 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,795 | €38,795 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,001 | €16,541 | +€5,540 | +50.4% |
| Provisions and deferred taxes | 16 | €6,902 | €6,902 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,902 | €6,902 | = | 0.0% |
| Major repairs and maintenance | 162 | €6,902 | €6,902 | = | 0.0% |
| Amounts payable | 17/49 | €152,912 | €316,299 | +€163,387 | +106.8% |
| Amounts payable after more than one year | 17 | €97,123 | €122,562 | +€25,439 | +26.2% |
| Financial debts | 170/4 | €97,123 | €122,562 | +€25,439 | +26.2% |
| Amounts payable within one year | 42/48 | €55,790 | €193,737 | +€137,947 | +247.3% |
| Current portion of amounts payable after more than one year | 42 | €21,892 | €28,397 | +€6,506 | +29.7% |
| Trade debts | 44 | €7,988 | €61,554 | +€53,567 | +670.6% |
| Suppliers | 440/4 | €7,988 | €61,554 | +€53,567 | +670.6% |
| Taxes, remuneration and social security | 45 | - | €117 | +€117 | |
| Taxes | 450/3 | - | €117 | +€117 | |
| Other amounts payable | 47/48 | €25,910 | €103,668 | +€77,758 | +300.1% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,213 | €18,825 | -€2,388 | -11.3% |
| Other operating charges | 640/8 | €3,791 | €7,329 | +€3,539 | +93.4% |
| Gross operating margin | 9900 | €35,287 | €39,737 | +€4,450 | +12.6% |
| Operating profit (loss) | 9901 | €9,896 | €13,183 | +€3,287 | +33.2% |
| Financial income | 75/76B | €85 | €23 | -€61 | -72.8% |
| Recurring financial income | 75 | €85 | €23 | -€61 | -72.8% |
| Financial charges | 65/66B | €3,986 | €5,549 | +€1,563 | +39.2% |
| Recurring financial charges | 65 | €3,986 | €5,549 | +€1,563 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €5,995 | €7,657 | +€1,662 | +27.7% |
| Income taxes | 67/77 | €2,291 | €2,117 | -€174 | -7.6% |
| Profit (loss) for the period | 9904 | €3,704 | €5,540 | +€1,836 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,704 | €5,540 | +€1,836 | +49.6% |
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 5 October 2026 via checked.be.