Magic Finco: 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.
What changed
Magic Finco
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2.4m
2024 · €206,470-€2.6m
Equity
-€6.5m
2024 · -€4.1m-€2.4m
Cash
€2.1m
2024 · €407,329+€1.7m
Balance sheet total
€150.0m
2024 · €137.7m+€12.3m
Largest movements
Assets
- Financial fixed assets +€44.6m
up €44.6m (+51.1%), from €87.3m to €131.9m
- Deferred charges and accrued income -€17.6m
down €17.6m (-90.7%), from €19.4m to €1.8m
- Receivables within one year -€16.5m
down €16.5m (-53.8%), from €30.6m to €14.1m
of which Other amounts receivable: -€10.6m
- Cash +€1.7m
up €1.7m (+423%), from €407,329 to €2.1m
mainly Debts after one year (+€38.0m) and Deferred charges and accrued income (+€17.6m)
Equity and liabilities
- Debts after one year +€38.0m
up €38.0m (+42.1%), from €90.2m to €128.2m
- Other debts -€19.5m
down €19.5m (-51.0%), from €38.2m to €18.7m
- Trade debts -€6.0m
down €6.0m (-97.0%), from €6.2m to €189,303
- Current portion of long-term debt +€3.7m
new in 2025: €3.7m
- Profit (loss) carried forward -€2.4m
down €2.4m (-59.4%), from -€4.1m to -€6.5m
Income statement
- Financial charges +€1.5m
up €1.5m (+14.9%), from €10.3m to €11.9m
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.
Result 2024
€206,470
Other operating charges
-€372,223
Other operating items
+€85,536
Financial income
-€1.4m
Financial charges
-€1.5m
Taxes
+€625,440
Result 2025
-€2.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.4m
Investment
-€44.6m
Financing
+€41.0m
Cash 2024
€407,329
From operations (derived)
+€5.4m
Net result for the year
-€2.4m
Receivables within one year
+€16.5m
Deferred charges and accrued income
+€17.6m
Trade debts
-€6.0m
Tax, wage and social debts
+€254,879
Other debts
-€19.5m
Accrued charges and deferred income
-€925,917
Investment (derived)
-€44.6m
Investment in fixed assets (net)
-€44.6m
Financing
+€41.0m
Debts after one year
+€38.0m
Current portion of long-term debt
+€3.7m
Short-term financial debts
-€732,631
Cash 2025
€2.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,672,600 | €149,991,825 | +€12.3m | +8.9% |
| Fixed assets | 21/28 | €87,291,486 | €131,924,223 | +€44.6m | +51.1% |
| Financial fixed assets | 28 | €87,291,486 | €131,924,223 | +€44.6m | +51.1% |
| Affiliated companies | 280/1 | €87,291,486 | €131,924,223 | +€44.6m | +51.1% |
| Amounts receivable | 281 | €87,291,486 | €131,924,223 | +€44.6m | +51.1% |
| Current assets | 29/58 | €50,381,114 | €18,067,602 | -€32.3m | -64.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €30,619,872 | €14,139,438 | -€16.5m | -53.8% |
| Trade receivables | 40 | €6,591,412 | €749,170 | -€5.8m | -88.6% |
| Other amounts receivable | 41 | €24,028,460 | €13,390,268 | -€10.6m | -44.3% |
| Cash at bank and in hand | 54/58 | €407,329 | €2,132,341 | +€1.7m | +423% |
| Deferred charges and accrued income | 490/1 | €19,353,912 | €1,795,824 | -€17.6m | -90.7% |
| Total equity and liabilities | 10/49 | €137,672,600 | €149,991,825 | +€12.3m | +8.9% |
| Equity | 10/15 | -€4,093,171 | -€6,523,791 | -€2.4m | -59.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,093,271 | -€6,523,891 | -€2.4m | -59.4% |
| Amounts payable | 17/49 | €141,765,771 | €156,515,616 | +€14.7m | +10.4% |
| Amounts payable after more than one year | 17 | €90,207,955 | €128,180,000 | +€38.0m | +42.1% |
| Financial debts | 170/4 | €90,207,955 | €128,180,000 | +€38.0m | +42.1% |
| Credit institutions | 173 | €83,300,000 | €128,180,000 | +€44.9m | +53.9% |
| Other loans | 174 | €6,907,955 | €0 | -€6.9m | -100% |
| Amounts payable within one year | 42/48 | €49,606,079 | €27,309,797 | -€22.3m | -44.9% |
| Current portion of amounts payable after more than one year | 42 | - | €3,720,000 | +€3.7m | |
| Financial debts | 43 | €4,482,631 | €3,750,000 | -€732,631 | -16.3% |
| Credit institutions | 430/8 | €4,482,631 | €3,750,000 | -€732,631 | -16.3% |
| Trade debts | 44 | €6,238,423 | €189,303 | -€6.0m | -97.0% |
| Suppliers | 440/4 | €6,238,423 | €189,303 | -€6.0m | -97.0% |
| Taxes, remuneration and social security | 45 | €704,806 | €959,685 | +€254,879 | +36.2% |
| Taxes | 450/3 | €704,806 | €959,685 | +€254,879 | +36.2% |
| Other amounts payable | 47/48 | €38,180,219 | €18,690,808 | -€19.5m | -51.0% |
| Accrued charges and deferred income | 492/3 | €1,951,736 | €1,025,819 | -€925,917 | -47.4% |
| Operating income | 70/76A | - | €16,670 | +€16,670 | |
| Other operating income | 74 | - | €16,670 | +€16,670 | |
| Operating charges | 60/66A | €283,850 | €587,206 | +€303,356 | +107% |
| Services and other goods | 61 | €282,882 | €214,016 | -€68,866 | -24.3% |
| Other operating charges | 640/8 | €968 | €373,190 | +€372,223 | +38,472% |
| Operating profit (loss) | 9901 | -€283,850 | -€570,536 | -€286,686 | -101% |
| Financial income | 75/76B | €11,466,200 | €10,027,329 | -€1.4m | -12.5% |
| Recurring financial income | 75 | €11,466,200 | €10,027,329 | -€1.4m | -12.5% |
| Income from financial fixed assets | 750 | €9,701,350 | €8,380,786 | -€1.3m | -13.6% |
| Income from current assets | 751 | €18,051 | €26,158 | +€8,108 | +44.9% |
| Other financial income | 752/9 | €1,746,800 | €1,620,385 | -€126,415 | -7.2% |
| Financial charges | 65/66B | €10,333,865 | €11,870,838 | +€1.5m | +14.9% |
| Recurring financial charges | 65 | €10,333,865 | €11,870,838 | +€1.5m | +14.9% |
| Debt charges | 650 | €9,890,977 | €8,324,561 | -€1.6m | -15.8% |
| Other financial charges | 652/9 | €442,888 | €3,546,276 | +€3.1m | +701% |
| Profit (loss) for the period before taxes | 9903 | €848,485 | -€2,414,044 | -€3.3m | |
| Income taxes | 67/77 | €642,015 | €16,576 | -€625,440 | -97.4% |
| Taxes | 670/3 | €710,064 | €17,120 | -€692,945 | -97.6% |
| Tax adjustments and reversals of tax provisions | 77 | €68,049 | €544 | -€67,505 | -99.2% |
| Profit (loss) for the period | 9904 | €206,470 | -€2,430,620 | -€2.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €206,470 | -€2,430,620 | -€2.6m |
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 21 October 2026 via checked.be.