We Make Magic: 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.
We Make Magic
Largest movements
- Cash +€38,224
up €38,224 (+115.9%), from €32,978 to €71,202
mainly Net result for the year (+€32,369) and Receivables within one year (+€21,794)
- Receivables within one year -€21,794
down €21,794 (-65.9%), from €33,094 to €11,300
of which Other amounts receivable: -€22,840
- Tangible fixed assets -€6,042
down €6,042 (-34.3%), from €17,620 to €11,577
of which Furniture and vehicles: -€5,275
- Reserves +€32,369
up €32,369 (+74.6%), from €43,397 to €75,766
- Other debts -€21,822
down €21,822 (-99.8%), from €21,863 to €41
- Advances received +€3,146
new in 2025: €3,146
- Tax, wage and social debts -€1,736
down €1,736 (-13.6%), from €12,796 to €11,060
- Trade debts -€1,570
down €1,570 (-47.7%), from €3,291 to €1,721
- Gross operating margin +€8,624
up €8,624 (+21.4%), from €40,345 to €48,969
- Taxes +€1,991
up €1,991 (+26.5%), from €7,519 to €9,509
- Depreciation -€1,003
down €1,003 (-14.2%), from €7,046 to €6,042
- Financial income -€735
down €735 (-100.0%), from €735 to €0
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 | €84,347 | €94,734 | +€10,387 | +12.3% |
| Fixed assets | 21/28 | €17,620 | €11,577 | -€6,042 | -34.3% |
| Tangible fixed assets | 22/27 | €17,620 | €11,577 | -€6,042 | -34.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | -€0 | -100.0% |
| Furniture and vehicles | 24 | €16,125 | €10,850 | -€5,275 | -32.7% |
| Other tangible fixed assets | 26 | €1,494 | €727 | -€767 | -51.3% |
| Current assets | 29/58 | €66,728 | €83,157 | +€16,430 | +24.6% |
| Amounts receivable within one year | 40/41 | €33,094 | €11,300 | -€21,794 | -65.9% |
| Trade receivables | 40 | €10,255 | €11,300 | +€1,045 | +10.2% |
| Other amounts receivable | 41 | €22,840 | €0 | -€22,840 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,978 | €71,202 | +€38,224 | +115.9% |
| Deferred charges and accrued income | 490/1 | €656 | €656 | = | 0.0% |
| Total equity and liabilities | 10/49 | €84,347 | €94,734 | +€10,387 | +12.3% |
| Equity | 10/15 | €46,397 | €78,766 | +€32,369 | +69.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €43,397 | €75,766 | +€32,369 | +74.6% |
| Distributable reserves | 133 | €43,397 | €75,766 | +€32,369 | +74.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,950 | €15,968 | -€21,982 | -57.9% |
| Amounts payable within one year | 42/48 | €37,950 | €15,968 | -€21,982 | -57.9% |
| Trade debts | 44 | €3,291 | €1,721 | -€1,570 | -47.7% |
| Suppliers | 440/4 | €3,291 | €1,721 | -€1,570 | -47.7% |
| Advances received on contracts in progress | 46 | - | €3,146 | +€3,146 | |
| Taxes, remuneration and social security | 45 | €12,796 | €11,060 | -€1,736 | -13.6% |
| Taxes | 450/3 | €12,796 | €11,060 | -€1,736 | -13.6% |
| Other amounts payable | 47/48 | €21,863 | €41 | -€21,822 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,046 | €6,042 | -€1,003 | -14.2% |
| Other operating charges | 640/8 | €721 | €967 | +€246 | +34.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €40,345 | €48,969 | +€8,624 | +21.4% |
| Operating profit (loss) | 9901 | €32,579 | €41,959 | +€9,381 | +28.8% |
| Financial income | 75/76B | €735 | €0 | -€735 | -100.0% |
| Recurring financial income | 75 | €735 | €0 | -€735 | -100.0% |
| Financial charges | 65/66B | €74 | €81 | +€7 | +9.8% |
| Recurring financial charges | 65 | €74 | €81 | +€7 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €33,240 | €41,879 | +€8,639 | +26.0% |
| Income taxes | 67/77 | €7,519 | €9,509 | +€1,991 | +26.5% |
| Profit (loss) for the period | 9904 | €25,721 | €32,369 | +€6,648 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,721 | €32,369 | +€6,648 | +25.8% |
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 9 October 2026 via checked.be.