MAGIC VELOS: 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 VELOS
Largest movements
- Cash +€14,876
up €14,876 (+20.4%), from €72,747 to €87,623
mainly Trade debts (+€16,044) and Net result for the year (+€15,085)
- Other debts -€27,304
down €27,304 (-64.9%), from €42,039 to €14,735
- Trade debts +€16,044
up €16,044 (+635%), from €2,528 to €18,572
- Reserves +€15,085
up €15,085 (+813%), from €1,855 to €16,940
of which Distributable reserves: +€15,085
- Tax, wage and social debts +€9,580
up €9,580 (+247%), from €3,873 to €13,453
- Turnover +€36,663
up €36,663 (+36.1%), from €101,582 to €138,246
- Purchases and services +€18,479
up €18,479 (+19.8%), from €93,373 to €111,852
- Gross operating margin +€17,780
up €17,780 (+206%), from €8,633 to €26,414
- Taxes +€7,901
up €7,901 (+2,074%), from €381 to €8,282
- Depreciation -€3,629
down €3,629 (-85.4%), from €4,250 to €621
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 | €85,097 | €98,501 | +€13,404 | +15.8% |
| Fixed assets | 21/28 | €4,294 | €3,673 | -€621 | -14.5% |
| Tangible fixed assets | 22/27 | €2,434 | €1,813 | -€621 | -25.5% |
| Furniture and vehicles | 24 | €2,434 | €1,813 | -€621 | -25.5% |
| Financial fixed assets | 28 | €1,860 | €1,860 | = | 0.0% |
| Current assets | 29/58 | €80,803 | €94,828 | +€14,025 | +17.4% |
| Stocks and contracts in progress | 3 | €8,056 | €7,205 | -€851 | -10.6% |
| Stocks | 30/36 | €8,056 | €7,205 | -€851 | -10.6% |
| Cash at bank and in hand | 54/58 | €72,747 | €87,623 | +€14,876 | +20.4% |
| Total equity and liabilities | 10/49 | €85,097 | €98,501 | +€13,404 | +15.8% |
| Equity | 10/15 | €36,657 | €51,741 | +€15,085 | +41.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €16,940 | +€15,085 | +813% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | - | €15,085 | +€15,085 | |
| Profit (loss) carried forward | 14 | €16,252 | €16,252 | = | 0.0% |
| Amounts payable | 17/49 | €48,440 | €46,760 | -€1,681 | -3.5% |
| Amounts payable within one year | 42/48 | €48,440 | €46,760 | -€1,681 | -3.5% |
| Trade debts | 44 | €2,528 | €18,572 | +€16,044 | +635% |
| Suppliers | 440/4 | €2,528 | €18,572 | +€16,044 | +635% |
| Taxes, remuneration and social security | 45 | €3,873 | €13,453 | +€9,580 | +247% |
| Taxes | 450/3 | €3,873 | €13,453 | +€9,580 | +247% |
| Other amounts payable | 47/48 | €42,039 | €14,735 | -€27,304 | -64.9% |
| Turnover | 70 | €101,582 | €138,246 | +€36,663 | +36.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €93,373 | €111,852 | +€18,479 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,250 | €621 | -€3,629 | -85.4% |
| Other operating charges | 640/8 | €2,558 | €2,363 | -€195 | -7.6% |
| Gross operating margin | 9900 | €8,633 | €26,414 | +€17,780 | +206% |
| Operating profit (loss) | 9901 | €1,825 | €23,430 | +€21,605 | +1,184% |
| Financial income | 75/76B | €1 | €1 | -€0 | -19.2% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -19.2% |
| Financial charges | 65/66B | €121 | €64 | -€57 | -47.1% |
| Recurring financial charges | 65 | €121 | €64 | -€57 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €1,705 | €23,367 | +€21,661 | +1,270% |
| Income taxes | 67/77 | €381 | €8,282 | +€7,901 | +2,074% |
| Profit (loss) for the period | 9904 | €1,324 | €15,085 | +€13,760 | +1,039% |
| Profit (loss) for the period to be appropriated | 9905 | €1,324 | €15,085 | +€13,760 | +1,039% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.