LEMAGRI: what changed
Two fiscal 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.
LEMAGRI
Largest movements
- Tangible fixed assets -€29,264
down €29,264 (-16.6%), from €176,715 to €147,451
of which Furniture and vehicles: -€23,004
- Receivables within one year -€18,358
down €18,358 (-17.6%), from €104,156 to €85,797
of which Other amounts receivable: -€17,861
- Stocks and contracts +€16,326
up €16,326 (+59.5%), from €27,455 to €43,780
- Debts after one year -€55,248
down €55,248 (-16.0%), from €344,617 to €289,369
of which Financial debts: -€55,248
- Profit (loss) carried forward +€24,134
up €24,134 (+12.5%), from €192,480 to €216,614
- Trade debts -€9,676
down €9,676 (-14.7%), from €65,803 to €56,127
- Taxes +€8,621
up €8,621 (+19367.8%), from €45 to €8,665
- Depreciation +€7,921
up €7,921 (+32.1%), from €24,704 to €32,625
- Gross operating margin +€6,492
up €6,492 (+9.2%), from €70,745 to €77,237
- Financial charges -€824
down €824 (-4.5%), from €18,171 to €17,347
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 | €951,030 | €915,077 | -€35,954 | -3.8% |
| Fixed assets | 21/28 | €795,872 | €766,749 | -€29,123 | -3.7% |
| Intangible fixed assets | 21 | €60 | - | -€60 | |
| Tangible fixed assets | 22/27 | €176,715 | €147,451 | -€29,264 | -16.6% |
| Land and buildings | 22 | €13,110 | €10,387 | -€2,723 | -20.8% |
| Plant, machinery and equipment | 23 | €13,967 | €10,431 | -€3,536 | -25.3% |
| Furniture and vehicles | 24 | €149,637 | €126,633 | -€23,004 | -15.4% |
| Financial fixed assets | 28 | €619,097 | €619,298 | +€201 | 0.0% |
| Current assets | 29/58 | €155,158 | €148,328 | -€6,831 | -4.4% |
| Stocks and contracts in progress | 3 | €27,455 | €43,780 | +€16,326 | +59.5% |
| Stocks | 30/36 | €27,455 | €43,780 | +€16,326 | +59.5% |
| Amounts receivable within one year | 40/41 | €104,156 | €85,797 | -€18,358 | -17.6% |
| Trade receivables | 40 | €86,294 | €85,797 | -€497 | -0.6% |
| Other amounts receivable | 41 | €17,861 | - | -€17,861 | |
| Cash at bank and in hand | 54/58 | €17,939 | €13,101 | -€4,838 | -27.0% |
| Deferred charges and accrued income | 490/1 | €5,609 | €5,649 | +€40 | +0.7% |
| Total equity and liabilities | 10/49 | €951,030 | €915,077 | -€35,954 | -3.8% |
| Equity | 10/15 | €352,788 | €371,872 | +€19,084 | +5.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €98,308 | €93,258 | -€5,050 | -5.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,108 | €27,058 | -€5,050 | -15.7% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,480 | €216,614 | +€24,134 | +12.5% |
| Provisions and deferred taxes | 16 | €10,703 | €9,019 | -€1,683 | -15.7% |
| Deferred taxes | 168 | €10,703 | €9,019 | -€1,683 | -15.7% |
| Amounts payable | 17/49 | €587,540 | €534,186 | -€53,354 | -9.1% |
| Amounts payable after more than one year | 17 | €344,617 | €289,369 | -€55,248 | -16.0% |
| Financial debts | 170/4 | €249,617 | €194,369 | -€55,248 | -22.1% |
| Other amounts payable | 178/9 | €95,000 | €95,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €223,137 | €223,511 | +€373 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €54,020 | €55,248 | +€1,228 | +2.3% |
| Trade debts | 44 | €65,803 | €56,127 | -€9,676 | -14.7% |
| Suppliers | 440/4 | €65,803 | €56,127 | -€9,676 | -14.7% |
| Taxes, remuneration and social security | 45 | €3,293 | €12,114 | +€8,821 | +267.8% |
| Taxes | 450/3 | €3,293 | €12,114 | +€8,821 | +267.8% |
| Other amounts payable | 47/48 | €100,022 | €100,022 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €19,786 | €21,306 | +€1,521 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,704 | €32,625 | +€7,921 | +32.1% |
| Other operating charges | 640/8 | €1,452 | €1,199 | -€252 | -17.4% |
| Gross operating margin | 9900 | €70,745 | €77,237 | +€6,492 | +9.2% |
| Operating profit (loss) | 9901 | €44,589 | €43,412 | -€1,177 | -2.6% |
| Financial income | 75/76B | €18 | €0 | -€18 | -98.4% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -98.4% |
| Financial charges | 65/66B | €18,171 | €17,347 | -€824 | -4.5% |
| Recurring financial charges | 65 | €18,171 | €17,347 | -€824 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €26,436 | €26,066 | -€370 | -1.4% |
| Transfer from deferred taxes | 780 | €1,182 | €1,683 | +€501 | +42.4% |
| Transfer to deferred taxes | 680 | €7,750 | - | -€7,750 | |
| Income taxes | 67/77 | €45 | €8,665 | +€8,621 | +19367.8% |
| Profit (loss) for the period | 9904 | €19,824 | €19,084 | -€740 | -3.7% |
| Transfer from tax-exempt reserves | 789 | €3,547 | €5,050 | +€1,503 | +42.4% |
| Transfer to tax-exempt reserves | 689 | €23,250 | - | -€23,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €121 | €24,134 | +€24,013 | +19918.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.