MAGIC VIDEO: 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 VIDEO
Largest movements
- Current investments +€950,000
new in 2025: €950,000
- Cash -€704,299
down €704,299 (-86.3%), from €816,534 to €112,236
mainly Current investments (-€950,000) and Investment in fixed assets (net) (-€23,712)
- Tangible fixed assets -€148,789
down €148,789 (-25.4%), from €586,477 to €437,688
of which Land and buildings: -€90,505
- Reserves +€80,000
up €80,000 (+5.7%), from €1.4m to €1.5m
of which Distributable reserves: +€80,000
- Depreciation -€36,035
down €36,035 (-17.3%), from €208,536 to €172,501
- Taxes +€12,411
up €12,411 (+1210.4%), from €1,025 to €13,437
- Financial income -€10,835
down €10,835 (-54.4%), from €19,919 to €9,085
- Gross operating margin +€3,663
up €3,663 (+1.4%), from €263,096 to €266,759
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 | €1,516,703 | €1,615,107 | +€98,405 | +6.5% |
| Fixed assets | 21/28 | €617,896 | €469,106 | -€148,789 | -24.1% |
| Tangible fixed assets | 22/27 | €586,477 | €437,688 | -€148,789 | -25.4% |
| Land and buildings | 22 | €458,160 | €367,656 | -€90,505 | -19.8% |
| Plant, machinery and equipment | 23 | €3,436 | - | -€3,436 | |
| Furniture and vehicles | 24 | €12,996 | €1,317 | -€11,679 | -89.9% |
| Other tangible fixed assets | 26 | €111,885 | €68,715 | -€43,170 | -38.6% |
| Financial fixed assets | 28 | €31,419 | €31,419 | = | 0.0% |
| Current assets | 29/58 | €898,807 | €1,146,001 | +€247,194 | +27.5% |
| Amounts receivable within one year | 40/41 | €79,704 | €80,362 | +€658 | +0.8% |
| Trade receivables | 40 | €73,406 | €75,668 | +€2,261 | +3.1% |
| Other amounts receivable | 41 | €6,298 | €4,694 | -€1,604 | -25.5% |
| Current investments | 50/53 | - | €950,000 | +€950,000 | |
| Cash at bank and in hand | 54/58 | €816,534 | €112,236 | -€704,299 | -86.3% |
| Deferred charges and accrued income | 490/1 | €2,568 | €3,403 | +€835 | +32.5% |
| Total equity and liabilities | 10/49 | €1,516,703 | €1,615,107 | +€98,405 | +6.5% |
| Equity | 10/15 | €1,490,255 | €1,570,081 | +€79,826 | +5.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,411,947 | €1,491,947 | +€80,000 | +5.7% |
| Non-distributable reserves | 130/1 | €361,697 | €361,697 | = | 0.0% |
| Legal reserve | 130 | €361,697 | €361,697 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,031,500 | €1,111,500 | +€80,000 | +7.8% |
| Profit (loss) carried forward | 14 | €16,334 | €16,160 | -€174 | -1.1% |
| Amounts payable | 17/49 | €26,448 | €45,026 | +€18,579 | +70.2% |
| Amounts payable after more than one year | 17 | €10,475 | €10,475 | = | 0.0% |
| Other amounts payable | 178/9 | €10,475 | €10,475 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,973 | €29,733 | +€13,761 | +86.2% |
| Trade debts | 44 | €1,464 | €5,022 | +€3,558 | +243.0% |
| Suppliers | 440/4 | €1,464 | €5,022 | +€3,558 | +243.0% |
| Taxes, remuneration and social security | 45 | €12,673 | €22,823 | +€10,151 | +80.1% |
| Taxes | 450/3 | €12,673 | €22,823 | +€10,151 | +80.1% |
| Other amounts payable | 47/48 | €1,836 | €1,888 | +€52 | +2.8% |
| Accrued charges and deferred income | 492/3 | - | €4,818 | +€4,818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,536 | €172,501 | -€36,035 | -17.3% |
| Other operating charges | 640/8 | €4,890 | €4,987 | +€96 | +2.0% |
| Non-recurring operating charges | 66A | - | €4,250 | +€4,250 | |
| Gross operating margin | 9900 | €263,096 | €266,759 | +€3,663 | +1.4% |
| Operating profit (loss) | 9901 | €49,669 | €85,021 | +€35,352 | +71.2% |
| Financial income | 75/76B | €19,919 | €9,085 | -€10,835 | -54.4% |
| Recurring financial income | 75 | €19,919 | €9,085 | -€10,835 | -54.4% |
| Financial charges | 65/66B | €494 | €843 | +€349 | +70.7% |
| Recurring financial charges | 65 | €494 | €843 | +€349 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | €69,095 | €93,262 | +€24,167 | +35.0% |
| Income taxes | 67/77 | €1,025 | €13,437 | +€12,411 | +1210.4% |
| Profit (loss) for the period | 9904 | €68,070 | €79,826 | +€11,756 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,070 | €79,826 | +€11,756 | +17.3% |
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 7 October 2026 via checked.be.