MAGIC SCALE MODELING: 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 SCALE MODELING
Largest movements
- Tangible fixed assets -€5,170
down €5,170 (-41.7%), from €12,396 to €7,226
of which Leasing and similar rights: -€3,510
- Receivables within one year +€2,310
up €2,310 (+90.4%), from €2,554 to €4,863
of which Trade receivables: +€3,947
- Deferred charges and accrued income -€1,033
down €1,033 (-83.2%), from €1,242 to €209
- Stocks and contracts -€690
down €690 (-2.7%), from €25,175 to €24,485
- Other debts +€5,804
up €5,804 (+22.0%), from €26,408 to €32,212
- Profit (loss) carried forward -€4,672
down €4,672 (-18.9%), from -€24,756 to -€29,428
- Debts after one year -€3,745
down €3,745 (-24.3%), from €15,399 to €11,654
of which Financial debts: -€3,745
- Trade debts -€1,681
down €1,681 (-23.8%), from €7,048 to €5,367
- Gross operating margin -€9,496
down €9,496 (-73.6%), from €12,904 to €3,409
- Financial charges -€935
down €935 (-29.4%), from €3,180 to €2,246
- Other operating charges -€236
down €236 (-26.0%), from €908 to €672
- Taxes -€150
down €150 (-83.6%), from €180 to €30
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.
Derived cash bridge
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 | €44,983 | €40,319 | -€4,664 | -10.4% |
| Fixed assets | 21/28 | €12,396 | €7,226 | -€5,170 | -41.7% |
| Tangible fixed assets | 22/27 | €12,396 | €7,226 | -€5,170 | -41.7% |
| Plant, machinery and equipment | 23 | €905 | €276 | -€629 | -69.5% |
| Furniture and vehicles | 24 | €1,166 | €354 | -€812 | -69.7% |
| Leasing and similar rights | 25 | €8,789 | €5,279 | -€3,510 | -39.9% |
| Other tangible fixed assets | 26 | €1,536 | €1,317 | -€219 | -14.3% |
| Current assets | 29/58 | €32,587 | €33,094 | +€506 | +1.6% |
| Stocks and contracts in progress | 3 | €25,175 | €24,485 | -€690 | -2.7% |
| Stocks | 30/36 | €25,175 | €24,485 | -€690 | -2.7% |
| Amounts receivable within one year | 40/41 | €2,554 | €4,863 | +€2,310 | +90.4% |
| Trade receivables | 40 | €547 | €4,494 | +€3,947 | +722% |
| Other amounts receivable | 41 | €2,007 | €370 | -€1,638 | -81.6% |
| Cash at bank and in hand | 54/58 | €3,616 | €3,536 | -€80 | -2.2% |
| Deferred charges and accrued income | 490/1 | €1,242 | €209 | -€1,033 | -83.2% |
| Total equity and liabilities | 10/49 | €44,983 | €40,319 | -€4,664 | -10.4% |
| Equity | 10/15 | -€8,476 | -€13,148 | -€4,672 | -55.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €10,280 | €10,280 | = | 0.0% |
| Distributable reserves | 133 | €10,280 | €10,280 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,756 | -€29,428 | -€4,672 | -18.9% |
| Amounts payable | 17/49 | €53,459 | €53,467 | +€8 | 0.0% |
| Amounts payable after more than one year | 17 | €15,399 | €11,654 | -€3,745 | -24.3% |
| Financial debts | 170/4 | €5,399 | €1,654 | -€3,745 | -69.4% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,060 | €41,813 | +€3,753 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €3,798 | €3,745 | -€53 | -1.4% |
| Trade debts | 44 | €7,048 | €5,367 | -€1,681 | -23.8% |
| Suppliers | 440/4 | €7,048 | €5,367 | -€1,681 | -23.8% |
| Taxes, remuneration and social security | 45 | €807 | €490 | -€317 | -39.3% |
| Taxes | 450/3 | €807 | €490 | -€317 | -39.3% |
| Other amounts payable | 47/48 | €26,408 | €32,212 | +€5,804 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,170 | €5,170 | = | 0.0% |
| Other operating charges | 640/8 | €908 | €672 | -€236 | -26.0% |
| Gross operating margin | 9900 | €12,904 | €3,409 | -€9,496 | -73.6% |
| Operating profit (loss) | 9901 | €6,826 | -€2,434 | -€9,260 | |
| Financial income | 75/76B | €35 | €37 | +€2 | +4.6% |
| Recurring financial income | 75 | €35 | €37 | +€2 | +4.6% |
| Financial charges | 65/66B | €3,180 | €2,246 | -€935 | -29.4% |
| Recurring financial charges | 65 | €3,180 | €2,246 | -€935 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €3,681 | -€4,643 | -€8,323 | |
| Income taxes | 67/77 | €180 | €30 | -€150 | -83.6% |
| Profit (loss) for the period | 9904 | €3,501 | -€4,672 | -€8,173 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,501 | -€4,672 | -€8,173 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.