LE MAG: 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.
LE MAG
Largest movements
- Tangible fixed assets +€2,640
up €2,640 (+102.0%), from €2,589 to €5,229
of which Plant, machinery and equipment: +€3,213
- Cash -€2,045
down €2,045 (-2.9%), from €70,003 to €67,958
mainly Trade debts (-€4,302) and Investment in fixed assets (net) (-€3,562)
- Trade debts -€4,302
down €4,302 (-51.7%), from €8,321 to €4,019
- Tax, wage and social debts +€3,423
up €3,423 (+22.6%), from €15,131 to €18,554
of which Taxes: +€4,541
- Profit (loss) carried forward +€1,459
up €1,459 (+3.4%), from €42,581 to €44,041
- Gross operating margin +€7,709
up €7,709 (+7.6%), from €101,331 to €109,040
- Staff costs +€3,739
up €3,739 (+3.8%), from €99,101 to €102,840
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 | €86,493 | €87,073 | +€580 | +0.7% |
| Fixed assets | 21/28 | €2,862 | €5,229 | +€2,367 | +82.7% |
| Tangible fixed assets | 22/27 | €2,589 | €5,229 | +€2,640 | +102.0% |
| Plant, machinery and equipment | 23 | €1,342 | €4,555 | +€3,213 | +239.4% |
| Furniture and vehicles | 24 | €1,247 | €674 | -€573 | -45.9% |
| Financial fixed assets | 28 | €273 | - | -€273 | |
| Current assets | 29/58 | €83,631 | €81,844 | -€1,787 | -2.1% |
| Stocks and contracts in progress | 3 | €6,438 | €5,902 | -€536 | -8.3% |
| Stocks | 30/36 | €6,438 | €5,902 | -€536 | -8.3% |
| Amounts receivable within one year | 40/41 | €6,356 | €7,014 | +€658 | +10.3% |
| Other amounts receivable | 41 | €6,356 | €7,014 | +€658 | +10.3% |
| Cash at bank and in hand | 54/58 | €70,003 | €67,958 | -€2,045 | -2.9% |
| Deferred charges and accrued income | 490/1 | €834 | €970 | +€136 | +16.3% |
| Total equity and liabilities | 10/49 | €86,493 | €87,073 | +€580 | +0.7% |
| Equity | 10/15 | €63,041 | €64,501 | +€1,459 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,581 | €44,041 | +€1,459 | +3.4% |
| Amounts payable | 17/49 | €23,452 | €22,572 | -€879 | -3.7% |
| Amounts payable within one year | 42/48 | €23,452 | €22,572 | -€879 | -3.7% |
| Trade debts | 44 | €8,321 | €4,019 | -€4,302 | -51.7% |
| Suppliers | 440/4 | €8,321 | €4,019 | -€4,302 | -51.7% |
| Taxes, remuneration and social security | 45 | €15,131 | €18,554 | +€3,423 | +22.6% |
| Taxes | 450/3 | €2,697 | €7,238 | +€4,541 | +168.4% |
| Remuneration and social security | 454/9 | €12,434 | €11,315 | -€1,119 | -9.0% |
| Remuneration, social security and pensions | 62 | €99,101 | €102,840 | +€3,739 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,090 | €1,195 | +€105 | +9.6% |
| Other operating charges | 640/8 | €340 | €527 | +€187 | +55.1% |
| Gross operating margin | 9900 | €101,331 | €109,040 | +€7,709 | +7.6% |
| Operating profit (loss) | 9901 | €801 | €4,479 | +€3,678 | +458.9% |
| Financial income | 75/76B | €331 | €67 | -€264 | -79.6% |
| Recurring financial income | 75 | €331 | €67 | -€264 | -79.6% |
| Financial charges | 65/66B | €1,692 | €2,687 | +€995 | +58.8% |
| Recurring financial charges | 65 | €1,692 | €2,687 | +€995 | +58.8% |
| Profit (loss) for the period before taxes | 9903 | -€560 | €1,859 | +€2,419 | |
| Income taxes | 67/77 | - | €400 | +€400 | |
| Profit (loss) for the period | 9904 | -€560 | €1,459 | +€2,019 | |
| Profit (loss) for the period to be appropriated | 9905 | -€560 | €1,459 | +€2,019 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.