SANTÉ MAGIC 2.0: 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.
SANTÉ MAGIC 2.0
Largest movements
- Receivables within one year +€31,688
up €31,688 (+227%), from €13,983 to €45,671
of which Trade receivables: +€24,520
- Intangible fixed assets -€16,500
down €16,500 (-12.7%), from €129,921 to €113,421
- Other debts +€22,291
up €22,291 (+190%), from €11,736 to €34,027
- Debts after one year -€13,300
down €13,300 (-10.6%), from €125,034 to €111,734
- Tax, wage and social debts +€4,642
up €4,642 (+29.0%), from €16,006 to €20,648
of which Remuneration and social security: +€4,131
- Trade debts +€3,899
up €3,899 (+254%), from €1,533 to €5,432
- Staff costs +€48,181
new in 2025: €48,181
- Gross operating margin +€37,198
up €37,198 (+80.9%), from €45,968 to €83,166
- Financial charges -€1,347
down €1,347 (-15.5%), from €8,707 to €7,360
- Taxes -€1,236
down €1,236 (-37.9%), from €3,265 to €2,028
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 | €232,088 | €251,691 | +€19,603 | +8.4% |
| Fixed assets | 21/28 | €140,535 | €125,034 | -€15,500 | -11.0% |
| Intangible fixed assets | 21 | €129,921 | €113,421 | -€16,500 | -12.7% |
| Tangible fixed assets | 22/27 | €10,052 | €11,052 | +€1,000 | +9.9% |
| Plant, machinery and equipment | 23 | €8,508 | €9,900 | +€1,392 | +16.4% |
| Furniture and vehicles | 24 | €1,544 | €1,152 | -€392 | -25.4% |
| Financial fixed assets | 28 | €562 | €562 | = | 0.0% |
| Current assets | 29/58 | €91,553 | €126,657 | +€35,104 | +38.3% |
| Stocks and contracts in progress | 3 | €15,640 | €16,909 | +€1,269 | +8.1% |
| Stocks | 30/36 | €15,640 | €16,909 | +€1,269 | +8.1% |
| Amounts receivable within one year | 40/41 | €13,983 | €45,671 | +€31,688 | +227% |
| Trade receivables | 40 | €10,742 | €35,262 | +€24,520 | +228% |
| Other amounts receivable | 41 | €3,241 | €10,409 | +€7,168 | +221% |
| Cash at bank and in hand | 54/58 | €61,614 | €63,928 | +€2,315 | +3.8% |
| Deferred charges and accrued income | 490/1 | €317 | €149 | -€168 | -53.1% |
| Total equity and liabilities | 10/49 | €232,088 | €251,691 | +€19,603 | +8.4% |
| Equity | 10/15 | €62,916 | €65,115 | +€2,199 | +3.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €37,916 | €40,115 | +€2,199 | +5.8% |
| Distributable reserves | 133 | €37,916 | €40,115 | +€2,199 | +5.8% |
| Amounts payable | 17/49 | €169,171 | €186,576 | +€17,404 | +10.3% |
| Amounts payable after more than one year | 17 | €125,034 | €111,734 | -€13,300 | -10.6% |
| Financial debts | 170/4 | €125,034 | €111,734 | -€13,300 | -10.6% |
| Amounts payable within one year | 42/48 | €42,062 | €73,406 | +€31,344 | +74.5% |
| Current portion of amounts payable after more than one year | 42 | €12,788 | €13,300 | +€512 | +4.0% |
| Trade debts | 44 | €1,533 | €5,432 | +€3,899 | +254% |
| Suppliers | 440/4 | €1,533 | €5,432 | +€3,899 | +254% |
| Taxes, remuneration and social security | 45 | €16,006 | €20,648 | +€4,642 | +29.0% |
| Taxes | 450/3 | €16,006 | €16,517 | +€512 | +3.2% |
| Remuneration and social security | 454/9 | - | €4,131 | +€4,131 | |
| Other amounts payable | 47/48 | €11,736 | €34,027 | +€22,291 | +190% |
| Accrued charges and deferred income | 492/3 | €2,076 | €1,436 | -€640 | -30.8% |
| Remuneration, social security and pensions | 62 | - | €48,181 | +€48,181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,572 | €20,063 | +€492 | +2.5% |
| Other operating charges | 640/8 | €3,096 | €3,335 | +€238 | +7.7% |
| Gross operating margin | 9900 | €45,968 | €83,166 | +€37,198 | +80.9% |
| Operating profit (loss) | 9901 | €23,300 | €11,588 | -€11,713 | -50.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,707 | €7,360 | -€1,347 | -15.5% |
| Recurring financial charges | 65 | €8,707 | €7,360 | -€1,347 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €14,593 | €4,227 | -€10,366 | -71.0% |
| Income taxes | 67/77 | €3,265 | €2,028 | -€1,236 | -37.9% |
| Profit (loss) for the period | 9904 | €11,329 | €2,199 | -€9,130 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,329 | €2,199 | -€9,130 | -80.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.