MAJICKAL: 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.
MAJICKAL
Largest movements
- Cash +€51,943
up €51,943 (+151%), from €34,379 to €86,322
mainly Net result for the year (+€58,848) and Depreciation (+€21,748)
- Intangible fixed assets -€10,000
down €10,000 (-10.8%), from €92,466 to €82,466
- Tangible fixed assets -€8,855
down €8,855 (-22.9%), from €38,708 to €29,852
of which Furniture and vehicles: -€4,579
- Receivables within one year +€3,365
up €3,365 (+10,751%), from €31 to €3,396
of which Trade receivables: +€1,982
- Stocks and contracts -€2,288
down €2,288 (-22.7%), from €10,094 to €7,806
- Reserves +€58,848
up €58,848 (+85.3%), from €69,011 to €127,859
- Other debts -€45,390
down €45,390 (-77.1%), from €58,848 to €13,458
- Tax, wage and social debts +€12,071
up €12,071 (+49.2%), from €24,553 to €36,624
- Current portion of long-term debt +€11,157
up €11,157 (+182%), from €6,141 to €17,298
- Debts after one year -€4,443
down €4,443 (-34.1%), from €13,031 to €8,588
- Depreciation +€5,671
up €5,671 (+35.3%), from €16,077 to €21,748
- Gross operating margin -€3,798
down €3,798 (-2.7%), from €138,862 to €135,064
- Staff costs +€3,206
up €3,206 (+13.5%), from €23,710 to €26,917
- Taxes -€2,483
down €2,483 (-10.1%), from €24,553 to €22,071
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 | €177,392 | €211,410 | +€34,018 | +19.2% |
| Fixed assets | 21/28 | €131,173 | €112,318 | -€18,855 | -14.4% |
| Intangible fixed assets | 21 | €92,466 | €82,466 | -€10,000 | -10.8% |
| Tangible fixed assets | 22/27 | €38,708 | €29,852 | -€8,855 | -22.9% |
| Plant, machinery and equipment | 23 | €22,325 | €18,049 | -€4,276 | -19.2% |
| Furniture and vehicles | 24 | €16,382 | €11,803 | -€4,579 | -28.0% |
| Current assets | 29/58 | €46,219 | €99,092 | +€52,873 | +114% |
| Stocks and contracts in progress | 3 | €10,094 | €7,806 | -€2,288 | -22.7% |
| Stocks | 30/36 | €10,094 | €7,806 | -€2,288 | -22.7% |
| Amounts receivable within one year | 40/41 | €31 | €3,396 | +€3,365 | +10,751% |
| Trade receivables | 40 | - | €1,982 | +€1,982 | |
| Other amounts receivable | 41 | €31 | €1,414 | +€1,383 | +4,419% |
| Cash at bank and in hand | 54/58 | €34,379 | €86,322 | +€51,943 | +151% |
| Deferred charges and accrued income | 490/1 | €1,715 | €1,568 | -€147 | -8.6% |
| Total equity and liabilities | 10/49 | €177,392 | €211,410 | +€34,018 | +19.2% |
| Equity | 10/15 | €72,011 | €130,859 | +€58,848 | +81.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €69,011 | €127,859 | +€58,848 | +85.3% |
| Distributable reserves | 133 | €69,011 | €127,859 | +€58,848 | +85.3% |
| Amounts payable | 17/49 | €105,381 | €80,551 | -€24,830 | -23.6% |
| Amounts payable after more than one year | 17 | €13,031 | €8,588 | -€4,443 | -34.1% |
| Financial debts | 170/4 | €13,031 | €8,588 | -€4,443 | -34.1% |
| Amounts payable within one year | 42/48 | €92,350 | €71,884 | -€20,466 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €6,141 | €17,298 | +€11,157 | +182% |
| Trade debts | 44 | €2,808 | €4,504 | +€1,697 | +60.4% |
| Suppliers | 440/4 | €2,808 | €4,504 | +€1,697 | +60.4% |
| Taxes, remuneration and social security | 45 | €24,553 | €36,624 | +€12,071 | +49.2% |
| Taxes | 450/3 | €24,553 | €36,624 | +€12,071 | +49.2% |
| Other amounts payable | 47/48 | €58,848 | €13,458 | -€45,390 | -77.1% |
| Accrued charges and deferred income | 492/3 | - | €79 | +€79 | |
| Remuneration, social security and pensions | 62 | €23,710 | €26,917 | +€3,206 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,077 | €21,748 | +€5,671 | +35.3% |
| Other operating charges | 640/8 | €4,501 | €3,708 | -€793 | -17.6% |
| Gross operating margin | 9900 | €138,862 | €135,064 | -€3,798 | -2.7% |
| Operating profit (loss) | 9901 | €94,573 | €82,691 | -€11,882 | -12.6% |
| Financial charges | 65/66B | €1,009 | €1,773 | +€764 | +75.7% |
| Recurring financial charges | 65 | €1,009 | €1,773 | +€764 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €93,565 | €80,918 | -€12,646 | -13.5% |
| Income taxes | 67/77 | €24,553 | €22,071 | -€2,483 | -10.1% |
| Profit (loss) for the period | 9904 | €69,011 | €58,848 | -€10,164 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,011 | €58,848 | -€10,164 | -14.7% |
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.