Le Magret: what changed
Le Magret
Largest movements
- Tangible fixed assets +€5,418
up €5,418 (+7.7%), from €70,349 to €75,767
of which Plant, machinery and equipment: +€17,880
- Stocks and contracts -€3,467
down €3,467 (-19.1%), from €18,176 to €14,709
- Deferred charges and accrued income +€3,192
up €3,192 (+896%), from €356 to €3,548
- Receivables within one year -€2,938
down €2,938 (-34.5%), from €8,525 to €5,587
of which Trade receivables: -€5,238
- Cash -€1,097
down €1,097 (-59.8%), from €1,835 to €737
mainly Investment in fixed assets (net) (-€31,006) and Net result for the year (-€15,800)
- Profit (loss) carried forward -€15,800
down €15,800, from €7,059 to -€8,742
- Tax, wage and social debts +€10,868
up €10,868 (+70.8%), from €15,357 to €26,225
of which Remuneration and social security: +€11,518
- Other debts +€4,894
up €4,894 (+60.1%), from €8,137 to €13,031
- Debts after one year +€4,511
up €4,511 (+38.0%), from €11,866 to €16,377
- Current portion of long-term debt -€3,221
down €3,221 (-15.6%), from €20,707 to €17,485
- Gross operating margin -€8,759
down €8,759 (-38.3%), from €22,858 to €14,099
- Staff costs -€2,247
down €2,247 (-82.2%), from €2,734 to €487
- Depreciation +€2,008
up €2,008 (+8.3%), from €24,197 to €26,205
- Financial charges -€1,854
down €1,854 (-45.3%), from €4,092 to €2,238
- Other operating charges -€333
down €333 (-26.7%), from €1,249 to €916
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,813 | €101,303 | +€490 | +0.5% |
| Fixed assets | 21/28 | €71,922 | €76,722 | +€4,800 | +6.7% |
| Intangible fixed assets | 21 | €1,280 | €956 | -€324 | -25.3% |
| Tangible fixed assets | 22/27 | €70,349 | €75,767 | +€5,418 | +7.7% |
| Land and buildings | 22 | €52,509 | €42,558 | -€9,951 | -19.0% |
| Plant, machinery and equipment | 23 | €3,217 | €21,098 | +€17,880 | +556% |
| Furniture and vehicles | 24 | €1,475 | €879 | -€596 | -40.4% |
| Other tangible fixed assets | 26 | €13,148 | €11,232 | -€1,916 | -14.6% |
| Financial fixed assets | 28 | €293 | €0 | -€293 | -100% |
| Current assets | 29/58 | €28,891 | €24,581 | -€4,311 | -14.9% |
| Stocks and contracts in progress | 3 | €18,176 | €14,709 | -€3,467 | -19.1% |
| Stocks | 30/36 | €18,176 | €14,709 | -€3,467 | -19.1% |
| Amounts receivable within one year | 40/41 | €8,525 | €5,587 | -€2,938 | -34.5% |
| Trade receivables | 40 | €8,447 | €3,209 | -€5,238 | -62.0% |
| Other amounts receivable | 41 | €77 | €2,378 | +€2,300 | +2,969% |
| Cash at bank and in hand | 54/58 | €1,835 | €737 | -€1,097 | -59.8% |
| Deferred charges and accrued income | 490/1 | €356 | €3,548 | +€3,192 | +896% |
| Total equity and liabilities | 10/49 | €100,813 | €101,303 | +€490 | +0.5% |
| Equity | 10/15 | €25,119 | €9,318 | -€15,800 | -62.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,059 | -€8,742 | -€15,800 | |
| Amounts payable | 17/49 | €75,695 | €91,985 | +€16,290 | +21.5% |
| Amounts payable after more than one year | 17 | €11,866 | €16,377 | +€4,511 | +38.0% |
| Financial debts | 170/4 | €11,866 | €16,377 | +€4,511 | +38.0% |
| Amounts payable within one year | 42/48 | €62,228 | €75,607 | +€13,379 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €20,707 | €17,485 | -€3,221 | -15.6% |
| Financial debts | 43 | €7,331 | €10,113 | +€2,782 | +37.9% |
| Credit institutions | 430/8 | €7,331 | €10,113 | +€2,782 | +37.9% |
| Trade debts | 44 | €10,697 | €8,754 | -€1,943 | -18.2% |
| Suppliers | 440/4 | €10,697 | €8,754 | -€1,943 | -18.2% |
| Taxes, remuneration and social security | 45 | €15,357 | €26,225 | +€10,868 | +70.8% |
| Taxes | 450/3 | €6,289 | €5,639 | -€650 | -10.3% |
| Remuneration and social security | 454/9 | €9,068 | €20,586 | +€11,518 | +127% |
| Other amounts payable | 47/48 | €8,137 | €13,031 | +€4,894 | +60.1% |
| Accrued charges and deferred income | 492/3 | €1,600 | €0 | -€1,600 | -100% |
| Remuneration, social security and pensions | 62 | €2,734 | €487 | -€2,247 | -82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,197 | €26,205 | +€2,008 | +8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €129 | €93 | -€36 | -28.2% |
| Other operating charges | 640/8 | €1,249 | €916 | -€333 | -26.7% |
| Gross operating margin | 9900 | €22,858 | €14,099 | -€8,759 | -38.3% |
| Operating profit (loss) | 9901 | -€5,451 | -€13,603 | -€8,152 | -150% |
| Financial income | 75/76B | €78 | €182 | +€104 | +133% |
| Recurring financial income | 75 | €78 | €182 | +€104 | +133% |
| Financial charges | 65/66B | €4,092 | €2,238 | -€1,854 | -45.3% |
| Recurring financial charges | 65 | €4,092 | €2,238 | -€1,854 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,465 | -€15,659 | -€6,194 | -65.4% |
| Income taxes | 67/77 | €144 | €141 | -€3 | -2.1% |
| Profit (loss) for the period | 9904 | -€9,609 | -€15,800 | -€6,191 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,609 | -€15,800 | -€6,191 | -64.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.