MaGiCa: 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.
MaGiCa
Largest movements
- Tangible fixed assets -€20,737
down €20,737 (-35.1%), from €59,157 to €38,420
of which Leasing and similar rights: -€15,124
- Receivables within one year -€16,474
down €16,474 (-24.5%), from €67,299 to €50,825
of which Trade receivables: -€16,027
- Cash +€4,507
up €4,507 (+19.9%), from €22,667 to €27,173
mainly Net result for the year (+€33,437) and Depreciation (+€23,168)
- Debts after one year -€38,096
down €38,096 (-72.5%), from €52,562 to €14,466
- Other debts +€5,547
up €5,547 (+19.9%), from €27,889 to €33,437
- Gross operating margin +€24,707
up €24,707 (+56.3%), from €43,893 to €68,600
- Taxes +€3,789
up €3,789 (+90.9%), from €4,168 to €7,957
- Financial charges -€1,011
down €1,011 (-34.2%), from €2,952 to €1,942
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 | €149,122 | €117,273 | -€31,850 | -21.4% |
| Fixed assets | 21/28 | €59,157 | €38,420 | -€20,737 | -35.1% |
| Tangible fixed assets | 22/27 | €59,157 | €38,420 | -€20,737 | -35.1% |
| Furniture and vehicles | 24 | €24,137 | €16,375 | -€7,762 | -32.2% |
| Leasing and similar rights | 25 | €33,356 | €18,232 | -€15,124 | -45.3% |
| Other tangible fixed assets | 26 | €1,664 | €3,813 | +€2,149 | +129% |
| Current assets | 29/58 | €89,966 | €78,853 | -€11,113 | -12.4% |
| Amounts receivable within one year | 40/41 | €67,299 | €50,825 | -€16,474 | -24.5% |
| Trade receivables | 40 | €46,897 | €30,870 | -€16,027 | -34.2% |
| Other amounts receivable | 41 | €20,403 | €19,956 | -€447 | -2.2% |
| Cash at bank and in hand | 54/58 | €22,667 | €27,173 | +€4,507 | +19.9% |
| Deferred charges and accrued income | 490/1 | - | €854 | +€854 | |
| Total equity and liabilities | 10/49 | €149,122 | €117,273 | -€31,850 | -21.4% |
| Equity | 10/15 | €20,418 | €20,418 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,918 | €17,918 | = | 0.0% |
| Distributable reserves | 133 | €17,918 | €17,918 | = | 0.0% |
| Amounts payable | 17/49 | €128,704 | €96,855 | -€31,850 | -24.7% |
| Amounts payable after more than one year | 17 | €52,562 | €14,466 | -€38,096 | -72.5% |
| Financial debts | 170/4 | €52,562 | €14,466 | -€38,096 | -72.5% |
| Amounts payable within one year | 42/48 | €76,142 | €82,389 | +€6,246 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €38,469 | €39,463 | +€994 | +2.6% |
| Trade debts | 44 | €207 | €707 | +€500 | +241% |
| Suppliers | 440/4 | €207 | €707 | +€500 | +241% |
| Taxes, remuneration and social security | 45 | €9,577 | €8,781 | -€795 | -8.3% |
| Taxes | 450/3 | €9,577 | €8,781 | -€795 | -8.3% |
| Other amounts payable | 47/48 | €27,889 | €33,437 | +€5,547 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,125 | €23,168 | +€43 | +0.2% |
| Other operating charges | 640/8 | €2,832 | €2,951 | +€119 | +4.2% |
| Gross operating margin | 9900 | €43,893 | €68,600 | +€24,707 | +56.3% |
| Operating profit (loss) | 9901 | €17,936 | €42,481 | +€24,545 | +137% |
| Financial income | 75/76B | €1,136 | €854 | -€281 | -24.8% |
| Recurring financial income | 75 | €1,136 | €854 | -€281 | -24.8% |
| Financial charges | 65/66B | €2,952 | €1,942 | -€1,011 | -34.2% |
| Recurring financial charges | 65 | €2,952 | €1,942 | -€1,011 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €16,120 | €41,394 | +€25,274 | +157% |
| Income taxes | 67/77 | €4,168 | €7,957 | +€3,789 | +90.9% |
| Profit (loss) for the period | 9904 | €11,952 | €33,437 | +€21,485 | +180% |
| Profit (loss) for the period to be appropriated | 9905 | €11,952 | €33,437 | +€21,485 | +180% |
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 21 October 2026 via checked.be.