MAGIC SOLARIUM: 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 SOLARIUM
Largest movements
- Current investments -€100,000
down €100,000 (-16.7%), from €600,000 to €500,000
- Tangible fixed assets +€99,614
up €99,614 (+50.3%), from €198,223 to €297,837
of which Plant, machinery and equipment: +€127,574
- Stocks and contracts -€20,299
down €20,299 (-62.4%), from €32,515 to €12,217
- Cash -€13,912
down €13,912 (-5.5%), from €252,280 to €238,367
mainly Investment in fixed assets (net) (-€191,391) and Trade debts (-€30,302)
- Trade debts -€30,302
down €30,302 (-20.7%), from €146,089 to €115,787
- Tax, wage and social debts -€21,252
down €21,252 (-18.6%), from €113,968 to €92,716
of which Taxes: -€22,218
- Gross operating margin -€228,831
down €228,831 (-22.6%), from €1.0m to €782,903
- Taxes -€66,018
down €66,018 (-97.2%), from €67,912 to €1,894
- Staff costs +€47,603
up €47,603 (+7.4%), from €642,040 to €689,643
- Financial income +€13,490
up €13,490 (+220%), from €6,146 to €19,636
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,158,677 | €1,112,449 | -€46,228 | -4.0% |
| Fixed assets | 21/28 | €198,223 | €297,837 | +€99,614 | +50.3% |
| Tangible fixed assets | 22/27 | €198,223 | €297,837 | +€99,614 | +50.3% |
| Plant, machinery and equipment | 23 | €94,791 | €222,365 | +€127,574 | +135% |
| Furniture and vehicles | 24 | €103,432 | €75,472 | -€27,961 | -27.0% |
| Current assets | 29/58 | €960,454 | €814,612 | -€145,842 | -15.2% |
| Stocks and contracts in progress | 3 | €32,515 | €12,217 | -€20,299 | -62.4% |
| Stocks | 30/36 | €32,515 | €12,217 | -€20,299 | -62.4% |
| Amounts receivable within one year | 40/41 | €66,815 | €56,686 | -€10,129 | -15.2% |
| Trade receivables | 40 | €13,667 | €1,992 | -€11,674 | -85.4% |
| Other amounts receivable | 41 | €53,148 | €54,694 | +€1,546 | +2.9% |
| Current investments | 50/53 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €252,280 | €238,367 | -€13,912 | -5.5% |
| Deferred charges and accrued income | 490/1 | €8,844 | €7,342 | -€1,502 | -17.0% |
| Total equity and liabilities | 10/49 | €1,158,677 | €1,112,449 | -€46,228 | -4.0% |
| Equity | 10/15 | €898,272 | €903,435 | +€5,163 | +0.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €851,855 | €851,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €850,000 | €850,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,867 | €33,030 | +€5,163 | +18.5% |
| Amounts payable | 17/49 | €260,405 | €209,014 | -€51,391 | -19.7% |
| Amounts payable within one year | 42/48 | €260,405 | €209,014 | -€51,391 | -19.7% |
| Trade debts | 44 | €146,089 | €115,787 | -€30,302 | -20.7% |
| Suppliers | 440/4 | €146,089 | €115,787 | -€30,302 | -20.7% |
| Taxes, remuneration and social security | 45 | €113,968 | €92,716 | -€21,252 | -18.6% |
| Taxes | 450/3 | €38,862 | €16,644 | -€22,218 | -57.2% |
| Remuneration and social security | 454/9 | €75,106 | €76,072 | +€966 | +1.3% |
| Other amounts payable | 47/48 | €348 | €510 | +€162 | +46.6% |
| Non-recurring operating income | 76A | €7,851 | - | -€7,851 | |
| Remuneration, social security and pensions | 62 | €642,040 | €689,643 | +€47,603 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,498 | €91,778 | +€9,279 | +11.2% |
| Other operating charges | 640/8 | €8,036 | €6,369 | -€1,667 | -20.7% |
| Non-recurring operating charges | 66A | €3,212 | - | -€3,212 | |
| Gross operating margin | 9900 | €1,011,735 | €782,903 | -€228,831 | -22.6% |
| Operating profit (loss) | 9901 | €275,948 | -€4,886 | -€280,834 | |
| Financial income | 75/76B | €6,146 | €19,636 | +€13,490 | +220% |
| Recurring financial income | 75 | €6,146 | €19,636 | +€13,490 | +220% |
| Financial charges | 65/66B | €6,696 | €7,692 | +€996 | +14.9% |
| Recurring financial charges | 65 | €6,696 | €7,692 | +€996 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €275,397 | €7,057 | -€268,340 | -97.4% |
| Income taxes | 67/77 | €67,912 | €1,894 | -€66,018 | -97.2% |
| Profit (loss) for the period | 9904 | €207,485 | €5,163 | -€202,322 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €207,485 | €5,163 | -€202,322 | -97.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.