Magikals: 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.
Magikals
Largest movements
- Tangible fixed assets -€50,005
down €50,005 (-8.4%), from €594,836 to €544,831
of which Land and buildings: -€44,162
- Debts after one year -€50,423
down €50,423 (-10.2%), from €493,249 to €442,826
of which Financial debts: -€42,284
- Gross operating margin +€13,498
up €13,498 (+17.2%), from €78,299 to €91,797
- Financial charges +€10,202
up €10,202 (+57.0%), from €17,896 to €28,098
- Depreciation +€1,869
up €1,869 (+3.9%), from €48,136 to €50,005
- Other operating charges +€1,277
up €1,277 (+12.7%), from €10,055 to €11,332
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 | €624,618 | €573,583 | -€51,035 | -8.2% |
| Fixed assets | 21/28 | €594,836 | €544,831 | -€50,005 | -8.4% |
| Tangible fixed assets | 22/27 | €594,836 | €544,831 | -€50,005 | -8.4% |
| Land and buildings | 22 | €551,989 | €507,827 | -€44,162 | -8.0% |
| Furniture and vehicles | 24 | €42,847 | €37,004 | -€5,843 | -13.6% |
| Current assets | 29/58 | €29,782 | €28,752 | -€1,030 | -3.5% |
| Amounts receivable within one year | 40/41 | €23,455 | €22,464 | -€991 | -4.2% |
| Trade receivables | 40 | €20,570 | €20,570 | = | 0.0% |
| Other amounts receivable | 41 | €2,885 | €1,894 | -€991 | -34.3% |
| Cash at bank and in hand | 54/58 | €6,327 | €6,288 | -€40 | -0.6% |
| Total equity and liabilities | 10/49 | €624,618 | €573,583 | -€51,035 | -8.2% |
| Equity | 10/15 | €57,046 | €52,188 | -€4,858 | -8.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €38,496 | €33,638 | -€4,858 | -12.6% |
| Distributable reserves | 133 | €38,496 | €33,638 | -€4,858 | -12.6% |
| Amounts payable | 17/49 | €567,573 | €521,395 | -€46,178 | -8.1% |
| Amounts payable after more than one year | 17 | €493,249 | €442,826 | -€50,423 | -10.2% |
| Financial debts | 170/4 | €485,110 | €442,826 | -€42,284 | -8.7% |
| Other amounts payable | 178/9 | €8,139 | - | -€8,139 | |
| Amounts payable within one year | 42/48 | €71,117 | €74,794 | +€3,676 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €60,966 | €63,239 | +€2,273 | +3.7% |
| Trade debts | 44 | €254 | €1,395 | +€1,141 | +450% |
| Suppliers | 440/4 | €254 | €1,395 | +€1,141 | +450% |
| Taxes, remuneration and social security | 45 | €9,295 | €9,650 | +€356 | +3.8% |
| Taxes | 450/3 | €9,295 | €9,650 | +€356 | +3.8% |
| Other amounts payable | 47/48 | €604 | €510 | -€94 | -15.6% |
| Accrued charges and deferred income | 492/3 | €3,206 | €3,776 | +€570 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,136 | €50,005 | +€1,869 | +3.9% |
| Other operating charges | 640/8 | €10,055 | €11,332 | +€1,277 | +12.7% |
| Gross operating margin | 9900 | €78,299 | €91,797 | +€13,498 | +17.2% |
| Operating profit (loss) | 9901 | €20,108 | €30,461 | +€10,353 | +51.5% |
| Financial income | 75/76B | €197 | €0 | -€197 | -100.0% |
| Recurring financial income | 75 | €197 | €0 | -€197 | -100.0% |
| Financial charges | 65/66B | €17,896 | €28,098 | +€10,202 | +57.0% |
| Recurring financial charges | 65 | €17,896 | €28,098 | +€10,202 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | €2,408 | €2,363 | -€46 | -1.9% |
| Income taxes | 67/77 | €1,233 | €1,220 | -€12 | -1.0% |
| Profit (loss) for the period | 9904 | €1,176 | €1,142 | -€33 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,176 | €1,142 | -€33 | -2.8% |
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 24 October 2026 via checked.be.