MAGICAL: 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.
MAGICAL
Largest movements
- Current investments +€65,758
up €65,758 (+263%), from €25,000 to €90,758
- Cash -€14,634
down €14,634 (-47.4%), from €30,862 to €16,228
mainly Current investments (-€65,758) and Receivables within one year (-€13,660)
- Receivables within one year +€13,660
up €13,660 (+100%), from €13,596 to €27,256
of which Other amounts receivable: +€13,463
- Tangible fixed assets +€6,346
up €6,346 (+96.6%), from €6,572 to €12,918
of which Furniture and vehicles: +€6,924
- Reserves +€53,230
up €53,230 (+77.1%), from €69,000 to €122,230
- Tax, wage and social debts +€20,815
up €20,815 (+1,040,750%), from €2 to €20,817
- Accrued charges and deferred income -€3,616
down €3,616 (-95.7%), from €3,778 to €162
- Gross operating margin -€16,893
down €16,893 (-17.2%), from €98,145 to €81,252
- Taxes -€5,697
down €5,697 (-21.9%), from €26,013 to €20,316
- Depreciation +€2,254
up €2,254 (+105%), from €2,156 to €4,410
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 | €76,030 | €147,796 | +€71,766 | +94.4% |
| Fixed assets | 21/28 | €6,572 | €12,918 | +€6,346 | +96.6% |
| Tangible fixed assets | 22/27 | €6,572 | €12,918 | +€6,346 | +96.6% |
| Plant, machinery and equipment | 23 | €2,472 | €1,894 | -€578 | -23.4% |
| Furniture and vehicles | 24 | €4,100 | €11,024 | +€6,924 | +169% |
| Current assets | 29/58 | €69,458 | €134,878 | +€65,420 | +94.2% |
| Amounts receivable within one year | 40/41 | €13,596 | €27,256 | +€13,660 | +100% |
| Trade receivables | 40 | €12,888 | €13,085 | +€197 | +1.5% |
| Other amounts receivable | 41 | €708 | €14,171 | +€13,463 | +1,902% |
| Current investments | 50/53 | €25,000 | €90,758 | +€65,758 | +263% |
| Cash at bank and in hand | 54/58 | €30,862 | €16,228 | -€14,634 | -47.4% |
| Deferred charges and accrued income | 490/1 | - | €636 | +€636 | |
| Total equity and liabilities | 10/49 | €76,030 | €147,796 | +€71,766 | +94.4% |
| Equity | 10/15 | €72,092 | €125,360 | +€53,268 | +73.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €69,000 | €122,230 | +€53,230 | +77.1% |
| Distributable reserves | 133 | €69,000 | €122,230 | +€53,230 | +77.1% |
| Profit (loss) carried forward | 14 | €92 | €130 | +€38 | +41.3% |
| Amounts payable | 17/49 | €3,938 | €22,436 | +€18,498 | +470% |
| Amounts payable within one year | 42/48 | €160 | €22,274 | +€22,114 | +13,821% |
| Trade debts | 44 | €72 | €1,457 | +€1,385 | +1,924% |
| Suppliers | 440/4 | €72 | €1,457 | +€1,385 | +1,924% |
| Taxes, remuneration and social security | 45 | €2 | €20,817 | +€20,815 | +1,040,750% |
| Taxes | 450/3 | €2 | €20,817 | +€20,815 | +1,040,750% |
| Other amounts payable | 47/48 | €86 | - | -€86 | |
| Accrued charges and deferred income | 492/3 | €3,778 | €162 | -€3,616 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,156 | €4,410 | +€2,254 | +105% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Non-recurring operating charges | 66A | - | €3,309 | +€3,309 | |
| Gross operating margin | 9900 | €98,145 | €81,252 | -€16,893 | -17.2% |
| Operating profit (loss) | 9901 | €95,871 | €73,413 | -€22,458 | -23.4% |
| Financial income | 75/76B | €38 | €846 | +€808 | +2,126% |
| Recurring financial income | 75 | €38 | €846 | +€808 | +2,126% |
| Financial charges | 65/66B | €804 | €675 | -€129 | -16.0% |
| Recurring financial charges | 65 | €804 | €675 | -€129 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €95,105 | €73,584 | -€21,521 | -22.6% |
| Income taxes | 67/77 | €26,013 | €20,316 | -€5,697 | -21.9% |
| Profit (loss) for the period | 9904 | €69,092 | €53,268 | -€15,824 | -22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,092 | €53,268 | -€15,824 | -22.9% |
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 22 October 2026 via checked.be.