MGI MAGIC: 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.
MGI MAGIC
Largest movements
- Receivables within one year +€6,815
up €6,815 (+12.0%), from €56,880 to €63,695
of which Other amounts receivable: +€5,188
- Cash +€3,697
up €3,697 (+19.6%), from €18,852 to €22,549
mainly Other debts (+€3,530) and Net result for the year (+€1,950)
- Other debts +€3,530
up €3,530 (+9.9%), from €35,479 to €39,009
- Profit (loss) carried forward +€1,950
up €1,950 (+32.2%), from €6,061 to €8,011
- Trade debts +€1,857
up €1,857 (+3.5%), from €52,953 to €54,810
- Tax, wage and social debts +€1,393
new in 2025: €1,393
- Gross operating margin -€7,765
down €7,765 (-63.4%), from €12,254 to €4,489
- Other operating charges -€4,899
down €4,899 (-83.7%), from €5,851 to €953
- Financial charges -€3,551
down €3,551 (-96.6%), from €3,676 to €126
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 | €94,602 | €103,333 | +€8,731 | +9.2% |
| Fixed assets | 21/28 | €6,745 | €5,285 | -€1,460 | -21.6% |
| Intangible fixed assets | 21 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Tangible fixed assets | 22/27 | €1,745 | €1,285 | -€460 | -26.4% |
| Furniture and vehicles | 24 | €1,745 | €1,285 | -€460 | -26.4% |
| Current assets | 29/58 | €87,857 | €98,048 | +€10,191 | +11.6% |
| Stocks and contracts in progress | 3 | €12,125 | €11,804 | -€321 | -2.6% |
| Stocks | 30/36 | €12,125 | €11,804 | -€321 | -2.6% |
| Amounts receivable within one year | 40/41 | €56,880 | €63,695 | +€6,815 | +12.0% |
| Trade receivables | 40 | €47,095 | €48,722 | +€1,627 | +3.5% |
| Other amounts receivable | 41 | €9,785 | €14,973 | +€5,188 | +53.0% |
| Cash at bank and in hand | 54/58 | €18,852 | €22,549 | +€3,697 | +19.6% |
| Total equity and liabilities | 10/49 | €94,602 | €103,333 | +€8,731 | +9.2% |
| Equity | 10/15 | €6,171 | €8,121 | +€1,950 | +31.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Outside capital | 11 | €100 | €100 | = | 0.0% |
| Other | 1109/19 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,061 | €8,011 | +€1,950 | +32.2% |
| Amounts payable | 17/49 | €88,432 | €95,212 | +€6,780 | +7.7% |
| Amounts payable within one year | 42/48 | €88,432 | €95,212 | +€6,780 | +7.7% |
| Trade debts | 44 | €52,953 | €54,810 | +€1,857 | +3.5% |
| Suppliers | 440/4 | €52,953 | €54,810 | +€1,857 | +3.5% |
| Taxes, remuneration and social security | 45 | - | €1,393 | +€1,393 | |
| Remuneration and social security | 454/9 | - | €1,393 | +€1,393 | |
| Other amounts payable | 47/48 | €35,479 | €39,009 | +€3,530 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,460 | €1,460 | = | 0.0% |
| Other operating charges | 640/8 | €5,851 | €953 | -€4,899 | -83.7% |
| Gross operating margin | 9900 | €12,254 | €4,489 | -€7,765 | -63.4% |
| Operating profit (loss) | 9901 | €4,942 | €2,076 | -€2,866 | -58.0% |
| Financial charges | 65/66B | €3,676 | €126 | -€3,551 | -96.6% |
| Recurring financial charges | 65 | €3,676 | €126 | -€3,551 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | €1,266 | €1,950 | +€685 | +54.1% |
| Profit (loss) for the period | 9904 | €1,266 | €1,950 | +€685 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,266 | €1,950 | +€685 | +54.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.