MAGIC K: 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.
MAGIC K
Largest movements
- Cash +€11,149
up €11,149 (+197%), from €5,656 to €16,805
mainly Net result for the year (+€7,022) and Trade debts (+€4,213)
- Tangible fixed assets -€4,030
down €4,030 (-54.6%), from €7,387 to €3,357
- Receivables within one year -€2,022
down €2,022 (-56.0%), from €3,608 to €1,586
- Deferred charges and accrued income +€550
new in 2025: €550
- Stocks and contracts -€239
down €239 (-24.4%), from €980 to €740
- Other debts -€8,073
down €8,073 (-19.8%), from €40,759 to €32,686
- Profit (loss) carried forward +€7,022
up €7,022 (+14.0%), from -€50,076 to -€43,054
- Trade debts +€4,213
up €4,213 (+128%), from €3,287 to €7,500
- Current portion of long-term debt +€2,371
up €2,371 (+41.8%), from €5,674 to €8,044
- Debts after one year +€956
up €956 (+13.2%), from €7,236 to €8,192
- Gross operating margin +€6,654
up €6,654 (+25.6%), from €26,017 to €32,671
- Staff costs +€2,129
up €2,129 (+12.3%), from €17,251 to €19,379
- Financial income +€618
up €618 (+882,443%), from €0 to €618
- Other operating charges +€412
up €412 (+27.0%), from €1,526 to €1,938
- Depreciation -€372
down €372 (-8.4%), from €4,402 to €4,030
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 | €17,631 | €23,039 | +€5,408 | +30.7% |
| Fixed assets | 21/28 | €7,387 | €3,357 | -€4,030 | -54.6% |
| Tangible fixed assets | 22/27 | €7,387 | €3,357 | -€4,030 | -54.6% |
| Plant, machinery and equipment | 23 | €7,387 | €3,357 | -€4,030 | -54.6% |
| Current assets | 29/58 | €10,244 | €19,681 | +€9,438 | +92.1% |
| Stocks and contracts in progress | 3 | €980 | €740 | -€239 | -24.4% |
| Stocks | 30/36 | €980 | €740 | -€239 | -24.4% |
| Amounts receivable within one year | 40/41 | €3,608 | €1,586 | -€2,022 | -56.0% |
| Trade receivables | 40 | €3,608 | €1,586 | -€2,022 | -56.0% |
| Cash at bank and in hand | 54/58 | €5,656 | €16,805 | +€11,149 | +197% |
| Deferred charges and accrued income | 490/1 | - | €550 | +€550 | |
| Total equity and liabilities | 10/49 | €17,631 | €23,039 | +€5,408 | +30.7% |
| Equity | 10/15 | -€43,876 | -€36,854 | +€7,022 | +16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,076 | -€43,054 | +€7,022 | +14.0% |
| Amounts payable | 17/49 | €61,506 | €59,893 | -€1,614 | -2.6% |
| Amounts payable after more than one year | 17 | €7,236 | €8,192 | +€956 | +13.2% |
| Financial debts | 170/4 | €7,236 | €8,192 | +€956 | +13.2% |
| Amounts payable within one year | 42/48 | €54,270 | €51,701 | -€2,569 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €5,674 | €8,044 | +€2,371 | +41.8% |
| Trade debts | 44 | €3,287 | €7,500 | +€4,213 | +128% |
| Suppliers | 440/4 | €3,287 | €7,500 | +€4,213 | +128% |
| Advances received on contracts in progress | 46 | €1,200 | €400 | -€800 | -66.7% |
| Taxes, remuneration and social security | 45 | €3,350 | €3,070 | -€280 | -8.3% |
| Taxes | 450/3 | €677 | €1,687 | +€1,010 | +149% |
| Remuneration and social security | 454/9 | €2,673 | €1,383 | -€1,290 | -48.3% |
| Other amounts payable | 47/48 | €40,759 | €32,686 | -€8,073 | -19.8% |
| Non-recurring operating income | 76A | - | €2,231 | +€2,231 | |
| Remuneration, social security and pensions | 62 | €17,251 | €19,379 | +€2,129 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,402 | €4,030 | -€372 | -8.4% |
| Other operating charges | 640/8 | €1,526 | €1,938 | +€412 | +27.0% |
| Non-recurring operating charges | 66A | €2,907 | €0 | -€2,907 | -100.0% |
| Gross operating margin | 9900 | €26,017 | €32,671 | +€6,654 | +25.6% |
| Operating profit (loss) | 9901 | -€69 | €7,324 | +€7,392 | |
| Financial income | 75/76B | €0 | €618 | +€618 | +882,443% |
| Recurring financial income | 75 | €0 | €618 | +€618 | +882,443% |
| Financial charges | 65/66B | €470 | €657 | +€187 | +39.7% |
| Recurring financial charges | 65 | €470 | €657 | +€187 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | -€539 | €7,284 | +€7,823 | |
| Income taxes | 67/77 | - | €263 | +€263 | |
| Profit (loss) for the period | 9904 | -€539 | €7,022 | +€7,560 | |
| Profit (loss) for the period to be appropriated | 9905 | -€539 | €7,022 | +€7,560 |
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 28 October 2026 via checked.be.