MAGICS3: 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.
MAGICS3
Largest movements
- Financial fixed assets +€1.5m
up €1.5m (+120.7%), from €1.3m to €2.8m
- Debts after one year +€1.0m
up €1.0m (+132.1%), from €771,113 to €1.8m
- Profit (loss) carried forward +€374,683
up €374,683 (+290.6%), from €128,915 to €503,597
- Current portion of long-term debt +€108,972
up €108,972 (+103.4%), from €105,400 to €214,373
- Other debts +€40,000
up €40,000 (+66.7%), from €60,000 to €100,000
- Financial income +€261,893
new in 2025: €261,893
- Financial charges -€3,732
down €3,732 (-9.8%), from €37,935 to €34,203
- Gross operating margin -€2,006
down €2,006 (-1.1%), from €187,439 to €185,433
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 | €1,315,885 | €2,875,483 | +€1.6m | +118.5% |
| Fixed assets | 21/28 | €1,250,000 | €2,758,963 | +€1.5m | +120.7% |
| Financial fixed assets | 28 | €1,250,000 | €2,758,963 | +€1.5m | +120.7% |
| Current assets | 29/58 | €65,885 | €116,521 | +€50,636 | +76.9% |
| Amounts receivable within one year | 40/41 | €19,158 | €45,691 | +€26,533 | +138.5% |
| Trade receivables | 40 | €19,158 | €43,358 | +€24,200 | +126.3% |
| Other amounts receivable | 41 | - | €2,333 | +€2,333 | |
| Cash at bank and in hand | 54/58 | €46,727 | €70,830 | +€24,103 | +51.6% |
| Total equity and liabilities | 10/49 | €1,315,885 | €2,875,483 | +€1.6m | +118.5% |
| Equity | 10/15 | €328,915 | €703,597 | +€374,683 | +113.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,915 | €503,597 | +€374,683 | +290.6% |
| Amounts payable | 17/49 | €986,970 | €2,171,886 | +€1.2m | +120.1% |
| Amounts payable after more than one year | 17 | €771,113 | €1,790,012 | +€1.0m | +132.1% |
| Financial debts | 170/4 | €771,113 | €1,790,012 | +€1.0m | +132.1% |
| Amounts payable within one year | 42/48 | €212,623 | €377,624 | +€165,002 | +77.6% |
| Current portion of amounts payable after more than one year | 42 | €105,400 | €214,373 | +€108,972 | +103.4% |
| Trade debts | 44 | - | €15,938 | +€15,938 | |
| Suppliers | 440/4 | - | €15,938 | +€15,938 | |
| Taxes, remuneration and social security | 45 | €47,222 | €47,314 | +€92 | +0.2% |
| Taxes | 450/3 | €47,222 | €47,314 | +€92 | +0.2% |
| Other amounts payable | 47/48 | €60,000 | €100,000 | +€40,000 | +66.7% |
| Accrued charges and deferred income | 492/3 | €3,234 | €4,249 | +€1,015 | +31.4% |
| Other operating charges | 640/8 | €388 | €843 | +€456 | +117.5% |
| Gross operating margin | 9900 | €187,439 | €185,433 | -€2,006 | -1.1% |
| Operating profit (loss) | 9901 | €187,051 | €184,590 | -€2,462 | -1.3% |
| Financial income | 75/76B | - | €261,893 | +€261,893 | |
| Recurring financial income | 75 | - | €261,893 | +€261,893 | |
| Financial charges | 65/66B | €37,935 | €34,203 | -€3,732 | -9.8% |
| Recurring financial charges | 65 | €37,935 | €34,203 | -€3,732 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €149,116 | €412,279 | +€263,163 | +176.5% |
| Income taxes | 67/77 | €37,279 | €37,597 | +€318 | +0.9% |
| Profit (loss) for the period | 9904 | €111,837 | €374,683 | +€262,846 | +235.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,837 | €374,683 | +€262,846 | +235.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.