Magics Technologies: what changed
What changed
Magics Technologies
NACE 72.109, Other research and development on natural sciences
filed annual accounts (NBB)
Net result for the year
-€3.0m
2024 · -€1.7m-€1.4m
Equity
€11.1m
2024 · €4.0m+€7.1m
Cash
€2.5m
2024 · €1.0m+€1.5m
Balance sheet total
€14.8m
2024 · €11.5m+€3.3m
Largest movements
Assets
- Cash +€1.5m
up €1.5m (+145%), from €1.0m to €2.5m
mainly Contributions, distributions and other (+€10.1m) and Depreciation (+€2.1m)
- Intangible fixed assets +€1.4m
up €1.4m (+22.2%), from €6.2m to €7.5m
- Receivables within one year +€308,954
up €308,954 (+10.7%), from €2.9m to €3.2m
of which Trade receivables: +€578,526
Equity and liabilities
- Contributions +€9.7m
up €9.7m (+318%), from €3.1m to €12.8m
of which Capital: +€9.7m
- Debts after one year -€3.2m
down €3.2m (-89.2%), from €3.5m to €382,634
- Profit (loss) carried forward -€3.0m
down €3.0m (-63.3%), from -€4.8m to -€7.8m
- Trade debts -€517,960
down €517,960 (-52.1%), from €994,349 to €476,390
- Tax, wage and social debts +€468,327
up €468,327 (+54.5%), from €859,959 to €1.3m
of which Taxes: +€629,876
Income statement
- Depreciation +€688,430
up €688,430 (+50.4%), from €1.4m to €2.1m
- Staff costs +€213,263
up €213,263 (+5.8%), from €3.7m to €3.9m
- Financial income +€212,644
up €212,644 (+39.2%), from €541,770 to €754,414
- Financial charges -€163,695
down €163,695 (-46.0%), from €355,893 to €192,198
- Taxes +€45,890
up €45,890 (+30.1%), from -€152,520 to -€106,630
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.7m
Gross operating margin
+€8,736
Staff costs
-€213,263
Depreciation
-€688,430
Other operating charges
-€12,287
Other operating items
-€788,524
Financial income
+€212,644
Financial charges
+€163,695
Taxes
-€45,890
Result 2025
-€3.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.7m
Investment
-€3.6m
Financing
+€6.7m
Cash 2024
€1.0m
From operations (derived)
-€1.7m
Net result for the year
-€3.0m
Depreciation
+€2.1m
Receivables after one year
-€76,067
Stocks and contracts
+€55,344
Receivables within one year
-€308,954
Deferred charges and accrued income
+€11,256
Trade debts
-€517,960
Tax, wage and social debts
+€468,327
Advances received
-€375,667
Accrued charges and deferred income
+€31,187
Investment (derived)
-€3.6m
Investment in fixed assets (net)
-€3.6m
Financing
+€6.7m
Debts after one year
-€3.2m
Current portion of long-term debt
+€65,876
Short-term financial debts
-€246,260
Contributions, distributions and other
+€10.1m
Cash 2025
€2.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,499,724 | €14,833,213 | +€3.3m | +29.0% |
| Formation expenses | 20 | - | €88,144 | +€88,144 | |
| Fixed assets | 21/28 | €6,441,182 | €7,881,665 | +€1.4m | +22.4% |
| Intangible fixed assets | 21 | €6,158,243 | €7,528,218 | +€1.4m | +22.2% |
| Tangible fixed assets | 22/27 | €256,458 | €309,666 | +€53,208 | +20.7% |
| Plant, machinery and equipment | 23 | €212,965 | €269,359 | +€56,394 | +26.5% |
| Furniture and vehicles | 24 | €43,493 | €40,307 | -€3,186 | -7.3% |
| Financial fixed assets | 28 | €26,481 | €43,781 | +€17,300 | +65.3% |
| Current assets | 29/58 | €5,058,542 | €6,863,405 | +€1.8m | +35.7% |
| Amounts receivable after more than one year | 29 | €349,615 | €425,682 | +€76,067 | +21.8% |
| Other amounts receivable | 291 | €349,615 | €425,682 | +€76,067 | +21.8% |
| Stocks and contracts in progress | 3 | €657,424 | €602,080 | -€55,344 | -8.4% |
| Stocks | 30/36 | €657,424 | €602,080 | -€55,344 | -8.4% |
| Amounts receivable within one year | 40/41 | €2,898,371 | €3,207,325 | +€308,954 | +10.7% |
| Trade receivables | 40 | €281,833 | €860,359 | +€578,526 | +205% |
| Other amounts receivable | 41 | €2,616,538 | €2,346,966 | -€269,572 | -10.3% |
| Cash at bank and in hand | 54/58 | €1,023,378 | €2,509,819 | +€1.5m | +145% |
| Deferred charges and accrued income | 490/1 | €129,755 | €118,499 | -€11,256 | -8.7% |
| Total equity and liabilities | 10/49 | €11,499,724 | €14,833,213 | +€3.3m | +29.0% |
| Equity | 10/15 | €3,981,013 | €11,051,218 | +€7.1m | +178% |
| Contributions | 10/11 | €3,066,828 | €12,808,315 | +€9.7m | +318% |
| Capital | 10 | €848,136 | €10,589,622 | +€9.7m | +1,149% |
| Issued capital | 100 | €856,695 | €10,688,236 | +€9.8m | +1,148% |
| Uncalled capital | 101 | €8,559 | €98,614 | +€90,055 | +1,052% |
| Contributions outside capital | 11 | €2,218,693 | €2,218,693 | = | 0.0% |
| Share premium | 1100/10 | €2,218,693 | €2,218,693 | = | 0.0% |
| Reserves | 13 | €592,920 | €592,920 | = | 0.0% |
| Distributable reserves | 133 | €592,920 | €592,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,762,294 | -€7,778,642 | -€3.0m | -63.3% |
| Investment grants | 15 | €5,083,559 | €5,428,626 | +€345,067 | +6.8% |
| Amounts payable | 17/49 | €7,518,711 | €3,781,995 | -€3.7m | -49.7% |
| Amounts payable after more than one year | 17 | €3,544,853 | €382,634 | -€3.2m | -89.2% |
| Financial debts | 170/4 | €3,544,853 | €382,634 | -€3.2m | -89.2% |
| Amounts payable within one year | 42/48 | €3,815,180 | €3,209,497 | -€605,684 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €406,559 | €472,435 | +€65,876 | +16.2% |
| Financial debts | 43 | €1,108,155 | €861,895 | -€246,260 | -22.2% |
| Credit institutions | 430/8 | €1,108,155 | €861,895 | -€246,260 | -22.2% |
| Trade debts | 44 | €994,349 | €476,390 | -€517,960 | -52.1% |
| Suppliers | 440/4 | €994,349 | €476,390 | -€517,960 | -52.1% |
| Advances received on contracts in progress | 46 | €446,159 | €70,492 | -€375,667 | -84.2% |
| Taxes, remuneration and social security | 45 | €859,959 | €1,328,286 | +€468,327 | +54.5% |
| Taxes | 450/3 | €291,498 | €921,374 | +€629,876 | +216% |
| Remuneration and social security | 454/9 | €568,461 | €406,912 | -€161,549 | -28.4% |
| Accrued charges and deferred income | 492/3 | €158,677 | €189,865 | +€31,187 | +19.7% |
| Non-recurring operating income | 76A | €0 | €14,000 | +€14,000 | |
| Remuneration, social security and pensions | 62 | €3,664,185 | €3,877,448 | +€213,263 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,366,143 | €2,054,573 | +€688,430 | +50.4% |
| Other operating charges | 640/8 | €2,082 | €14,368 | +€12,287 | +590% |
| Non-recurring operating charges | 66A | €0 | €788,524 | +€788,524 | |
| Gross operating margin | 9900 | €3,040,983 | €3,049,719 | +€8,736 | +0.3% |
| Operating profit (loss) | 9901 | -€1,991,426 | -€3,685,195 | -€1.7m | -85.1% |
| Financial income | 75/76B | €541,770 | €754,414 | +€212,644 | +39.2% |
| Recurring financial income | 75 | €541,770 | €754,414 | +€212,644 | +39.2% |
| Financial charges | 65/66B | €355,893 | €192,198 | -€163,695 | -46.0% |
| Recurring financial charges | 65 | €355,893 | €192,198 | -€163,695 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,805,548 | -€3,122,978 | -€1.3m | -73.0% |
| Income taxes | 67/77 | -€152,520 | -€106,630 | +€45,890 | +30.1% |
| Profit (loss) for the period | 9904 | -€1,653,029 | -€3,016,348 | -€1.4m | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,653,029 | -€3,016,348 | -€1.4m | -82.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.