Magicworx: 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.
Magicworx
Largest movements
- Cash -€94,027
down €94,027 (-80.5%), from €116,792 to €22,764
mainly Net result for the year (-€42,322) and Tax, wage and social debts (-€38,346)
- Receivables within one year +€5,334
up €5,334 (+15.5%), from €34,470 to €39,804
of which Other amounts receivable: +€13,608
- Tangible fixed assets +€2,485
up €2,485 (+24.4%), from €10,185 to €12,670
of which Furniture and vehicles: +€3,518
- Profit (loss) carried forward -€42,322
down €42,322 (-38.4%), from €110,294 to €67,971
- Tax, wage and social debts -€38,346
down €38,346 (-94.9%), from €40,410 to €2,064
- Accrued charges and deferred income -€7,879
no longer reported in 2025 (was €7,879)
- Trade debts +€2,203
new in 2025: €2,203
- Gross operating margin -€11,091
down €11,091 (-41.0%), from -€27,031 to -€38,122
- Depreciation -€1,001
down €1,001 (-18.9%), from €5,306 to €4,306
- Other operating charges -€629
down €629 (-48.5%), from €1,296 to €668
- Taxes +€594
up €594, from -€50 to €544
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 | €161,583 | €75,238 | -€86,345 | -53.4% |
| Fixed assets | 21/28 | €10,185 | €12,670 | +€2,485 | +24.4% |
| Tangible fixed assets | 22/27 | €10,185 | €12,670 | +€2,485 | +24.4% |
| Plant, machinery and equipment | 23 | €2,289 | - | -€2,289 | |
| Furniture and vehicles | 24 | €7,896 | €11,414 | +€3,518 | +44.6% |
| Leasing and similar rights | 25 | - | €1,256 | +€1,256 | |
| Current assets | 29/58 | €151,399 | €62,568 | -€88,830 | -58.7% |
| Amounts receivable within one year | 40/41 | €34,470 | €39,804 | +€5,334 | +15.5% |
| Trade receivables | 40 | €9,626 | €1,351 | -€8,275 | -86.0% |
| Other amounts receivable | 41 | €24,844 | €38,452 | +€13,608 | +54.8% |
| Cash at bank and in hand | 54/58 | €116,792 | €22,764 | -€94,027 | -80.5% |
| Deferred charges and accrued income | 490/1 | €137 | - | -€137 | |
| Total equity and liabilities | 10/49 | €161,583 | €75,238 | -€86,345 | -53.4% |
| Equity | 10/15 | €113,294 | €70,971 | -€42,322 | -37.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,294 | €67,971 | -€42,322 | -38.4% |
| Amounts payable | 17/49 | €48,290 | €4,267 | -€44,023 | -91.2% |
| Amounts payable within one year | 42/48 | €40,410 | €4,267 | -€36,144 | -89.4% |
| Trade debts | 44 | - | €2,203 | +€2,203 | |
| Suppliers | 440/4 | - | €2,203 | +€2,203 | |
| Taxes, remuneration and social security | 45 | €40,410 | €2,064 | -€38,346 | -94.9% |
| Taxes | 450/3 | €40,410 | €2,064 | -€38,346 | -94.9% |
| Accrued charges and deferred income | 492/3 | €7,879 | - | -€7,879 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,306 | €4,306 | -€1,001 | -18.9% |
| Other operating charges | 640/8 | €1,296 | €668 | -€629 | -48.5% |
| Non-recurring operating charges | 66A | - | €126 | +€126 | |
| Gross operating margin | 9900 | -€27,031 | -€38,122 | -€11,091 | -41.0% |
| Operating profit (loss) | 9901 | -€33,634 | -€43,221 | -€9,588 | -28.5% |
| Financial income | 75/76B | €1,316 | €1,596 | +€280 | +21.3% |
| Recurring financial income | 75 | €1,316 | €1,596 | +€280 | +21.3% |
| Financial charges | 65/66B | €418 | €153 | -€265 | -63.4% |
| Recurring financial charges | 65 | €418 | €153 | -€265 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | -€32,736 | -€41,778 | -€9,043 | -27.6% |
| Income taxes | 67/77 | -€50 | €544 | +€594 | |
| Profit (loss) for the period | 9904 | -€32,685 | -€42,322 | -€9,637 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,685 | -€42,322 | -€9,637 | -29.5% |
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 18 October 2026 via checked.be.