Magiq: 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.
Magiq
Largest movements
- Tangible fixed assets -€31,256
down €31,256 (-2.2%), from €1.4m to €1.4m
of which Land and buildings: -€31,090
- Debts after one year -€98,480
down €98,480 (-6.4%), from €1.5m to €1.4m
- Profit (loss) carried forward +€48,335
up €48,335 (+171%), from €28,189 to €76,523
- Other debts -€23,672
down €23,672 (-33.2%), from €71,305 to €47,634
- Depreciation -€35,913
down €35,913 (-53.5%), from €67,169 to €31,256
- Gross operating margin +€24,555
up €24,555 (+17.6%), from €139,421 to €163,976
- Financial charges +€18,355
up €18,355 (+37.8%), from €48,512 to €66,867
- Taxes +€7,656
up €7,656 (+116%), from €6,585 to €14,242
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 | €1,854,692 | €1,808,566 | -€46,126 | -2.5% |
| Fixed assets | 21/28 | €1,799,006 | €1,767,750 | -€31,256 | -1.7% |
| Tangible fixed assets | 22/27 | €1,399,006 | €1,367,750 | -€31,256 | -2.2% |
| Land and buildings | 22 | €1,398,605 | €1,367,515 | -€31,090 | -2.2% |
| Plant, machinery and equipment | 23 | €401 | €235 | -€166 | -41.4% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €55,686 | €40,816 | -€14,870 | -26.7% |
| Amounts receivable within one year | 40/41 | €49,689 | €36,309 | -€13,380 | -26.9% |
| Trade receivables | 40 | €49,680 | €36,300 | -€13,380 | -26.9% |
| Other amounts receivable | 41 | €9 | €9 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,917 | €1,450 | -€4,467 | -75.5% |
| Deferred charges and accrued income | 490/1 | €80 | €3,057 | +€2,977 | +3,732% |
| Total equity and liabilities | 10/49 | €1,854,692 | €1,808,566 | -€46,126 | -2.5% |
| Equity | 10/15 | €128,189 | €176,523 | +€48,335 | +37.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,189 | €76,523 | +€48,335 | +171% |
| Amounts payable | 17/49 | €1,726,504 | €1,632,043 | -€94,460 | -5.5% |
| Amounts payable after more than one year | 17 | €1,546,422 | €1,447,942 | -€98,480 | -6.4% |
| Financial debts | 170/4 | €1,546,422 | €1,447,942 | -€98,480 | -6.4% |
| Amounts payable within one year | 42/48 | €179,570 | €183,606 | +€4,036 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €79,852 | €90,941 | +€11,090 | +13.9% |
| Trade debts | 44 | €269 | €6,580 | +€6,311 | +2,350% |
| Suppliers | 440/4 | €269 | €6,580 | +€6,311 | +2,350% |
| Taxes, remuneration and social security | 45 | €28,144 | €38,451 | +€10,307 | +36.6% |
| Taxes | 450/3 | €23,877 | €38,441 | +€14,564 | +61.0% |
| Remuneration and social security | 454/9 | €4,267 | €10 | -€4,257 | -99.8% |
| Other amounts payable | 47/48 | €71,305 | €47,634 | -€23,672 | -33.2% |
| Accrued charges and deferred income | 492/3 | €512 | €495 | -€16 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,169 | €31,256 | -€35,913 | -53.5% |
| Other operating charges | 640/8 | €2,805 | €3,276 | +€471 | +16.8% |
| Gross operating margin | 9900 | €139,421 | €163,976 | +€24,555 | +17.6% |
| Operating profit (loss) | 9901 | €69,446 | €129,443 | +€59,997 | +86.4% |
| Financial income | 75/76B | €71 | - | -€71 | |
| Recurring financial income | 75 | €71 | - | -€71 | |
| Financial charges | 65/66B | €48,512 | €66,867 | +€18,355 | +37.8% |
| Recurring financial charges | 65 | €48,512 | €66,867 | +€18,355 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €21,005 | €62,576 | +€41,571 | +198% |
| Income taxes | 67/77 | €6,585 | €14,242 | +€7,656 | +116% |
| Profit (loss) for the period | 9904 | €14,420 | €48,335 | +€33,914 | +235% |
| Profit (loss) for the period to be appropriated | 9905 | €14,420 | €48,335 | +€33,914 | +235% |
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 26 October 2026 via checked.be.