MagicMakers: 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.
MagicMakers
Largest movements
- Cash -€92,481
down €92,481 (-27.2%), from €339,979 to €247,498
mainly Trade debts (-€169,451) and Accrued charges and deferred income (-€20,000)
- Receivables within one year -€8,094
down €8,094 (-22.4%), from €36,205 to €28,111
of which Other amounts receivable: -€10,288
- Trade debts -€169,451
down €169,451 (-97.8%), from €173,266 to €3,815
- Reserves +€84,389
up €84,389 (+225.5%), from €37,428 to €121,817
- Accrued charges and deferred income -€20,000
down €20,000 (-11.1%), from €180,000 to €160,000
- Gross operating margin +€62,516
up €62,516 (+119.7%), from €52,241 to €114,757
- Taxes +€15,801
up €15,801 (+125.7%), from €12,573 to €28,374
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 | €406,267 | €301,719 | -€104,547 | -25.7% |
| Fixed assets | 21/28 | €3,748 | €2,982 | -€766 | -20.4% |
| Tangible fixed assets | 22/27 | €3,748 | €2,982 | -€766 | -20.4% |
| Other tangible fixed assets | 26 | €3,748 | €2,982 | -€766 | -20.4% |
| Current assets | 29/58 | €402,519 | €298,738 | -€103,782 | -25.8% |
| Stocks and contracts in progress | 3 | €26,335 | €23,128 | -€3,207 | -12.2% |
| Stocks | 30/36 | €26,335 | €23,128 | -€3,207 | -12.2% |
| Amounts receivable within one year | 40/41 | €36,205 | €28,111 | -€8,094 | -22.4% |
| Trade receivables | 40 | - | €2,194 | +€2,194 | |
| Other amounts receivable | 41 | €36,205 | €25,918 | -€10,288 | -28.4% |
| Cash at bank and in hand | 54/58 | €339,979 | €247,498 | -€92,481 | -27.2% |
| Total equity and liabilities | 10/49 | €406,267 | €301,719 | -€104,547 | -25.7% |
| Equity | 10/15 | €42,428 | €126,817 | +€84,389 | +198.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,428 | €121,817 | +€84,389 | +225.5% |
| Distributable reserves | 133 | €37,428 | €121,817 | +€84,389 | +225.5% |
| Amounts payable | 17/49 | €363,839 | €174,902 | -€188,937 | -51.9% |
| Amounts payable within one year | 42/48 | €183,839 | €14,902 | -€168,937 | -91.9% |
| Trade debts | 44 | €173,266 | €3,815 | -€169,451 | -97.8% |
| Suppliers | 440/4 | €173,266 | €3,815 | -€169,451 | -97.8% |
| Advances received on contracts in progress | 46 | - | €514 | +€514 | |
| Taxes, remuneration and social security | 45 | €10,573 | €10,573 | = | 0.0% |
| Taxes | 450/3 | €10,573 | €10,573 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €180,000 | €160,000 | -€20,000 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81 | €766 | +€684 | +839.9% |
| Other operating charges | 640/8 | €1,748 | €1,070 | -€678 | -38.8% |
| Gross operating margin | 9900 | €52,241 | €114,757 | +€62,516 | +119.7% |
| Operating profit (loss) | 9901 | €50,411 | €112,921 | +€62,510 | +124.0% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €410 | €181 | -€229 | -55.8% |
| Recurring financial charges | 65 | €410 | €181 | -€229 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €50,001 | €112,763 | +€62,763 | +125.5% |
| Income taxes | 67/77 | €12,573 | €28,374 | +€15,801 | +125.7% |
| Profit (loss) for the period | 9904 | €37,428 | €84,389 | +€46,962 | +125.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,428 | €84,389 | +€46,962 | +125.5% |
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 1 October 2026 via checked.be.