M-C LEGRAND: 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.
M-C LEGRAND
Largest movements
- Tangible fixed assets -€9,989
down €9,989 (-44.8%), from €22,273 to €12,285
of which Plant, machinery and equipment: -€12,240
- Cash -€2,121
down €2,121 (-6.0%), from €35,470 to €33,349
mainly Current portion of long-term debt (-€13,882) and Trade debts (-€4,624)
- Formation expenses -€1,433
down €1,433 (-100%), from €1,433 to €0
- Stocks and contracts -€1,170
down €1,170 (-11.5%), from €10,145 to €8,975
- Current portion of long-term debt -€13,882
down €13,882 (-100%), from €13,882 to €0
- Trade debts -€4,624
down €4,624 (-88.2%), from €5,243 to €620
- Profit (loss) carried forward +€3,713
up €3,713 (+16.9%), from €21,986 to €25,698
- Depreciation -€8,128
down €8,128 (-37.2%), from €21,827 to €13,699
- Gross operating margin +€5,134
up €5,134 (+19.1%), from €26,861 to €31,995
- Taxes +€3,650
up €3,650 (+1,008%), from €362 to €4,012
- Staff costs -€3,435
down €3,435 (-26.7%), from €12,876 to €9,441
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 | €82,914 | €67,379 | -€15,535 | -18.7% |
| Formation expenses | 20 | €1,433 | €0 | -€1,433 | -100% |
| Fixed assets | 21/28 | €22,273 | €12,285 | -€9,989 | -44.8% |
| Tangible fixed assets | 22/27 | €22,273 | €12,285 | -€9,989 | -44.8% |
| Plant, machinery and equipment | 23 | €19,970 | €7,729 | -€12,240 | -61.3% |
| Furniture and vehicles | 24 | €2,304 | €4,555 | +€2,252 | +97.7% |
| Current assets | 29/58 | €59,208 | €55,094 | -€4,114 | -6.9% |
| Stocks and contracts in progress | 3 | €10,145 | €8,975 | -€1,170 | -11.5% |
| Stocks | 30/36 | €10,145 | €8,975 | -€1,170 | -11.5% |
| Amounts receivable within one year | 40/41 | €7,572 | €6,881 | -€690 | -9.1% |
| Other amounts receivable | 41 | €7,572 | €6,881 | -€690 | -9.1% |
| Current investments | 50/53 | €1,418 | €1,418 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,470 | €33,349 | -€2,121 | -6.0% |
| Deferred charges and accrued income | 490/1 | €4,604 | €4,471 | -€133 | -2.9% |
| Total equity and liabilities | 10/49 | €82,914 | €67,379 | -€15,535 | -18.7% |
| Equity | 10/15 | €58,085 | €61,798 | +€3,713 | +6.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,899 | €29,899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €896 | €896 | = | 0.0% |
| Reserves not available under the articles | 1311 | €896 | €896 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,148 | €5,148 | = | 0.0% |
| Distributable reserves | 133 | €23,856 | €23,856 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,986 | €25,698 | +€3,713 | +16.9% |
| Amounts payable | 17/49 | €24,828 | €5,581 | -€19,247 | -77.5% |
| Amounts payable after more than one year | 17 | €3,590 | €3,590 | = | 0.0% |
| Financial debts | 170/4 | €3,590 | €3,590 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,238 | €1,991 | -€19,247 | -90.6% |
| Current portion of amounts payable after more than one year | 42 | €13,882 | €0 | -€13,882 | -100% |
| Trade debts | 44 | €5,243 | €620 | -€4,624 | -88.2% |
| Suppliers | 440/4 | €5,243 | €620 | -€4,624 | -88.2% |
| Taxes, remuneration and social security | 45 | €2,113 | €1,372 | -€742 | -35.1% |
| Remuneration and social security | 454/9 | €2,113 | €1,372 | -€742 | -35.1% |
| Remuneration, social security and pensions | 62 | €12,876 | €9,441 | -€3,435 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,827 | €13,699 | -€8,128 | -37.2% |
| Other operating charges | 640/8 | €866 | €899 | +€34 | +3.9% |
| Gross operating margin | 9900 | €26,861 | €31,995 | +€5,134 | +19.1% |
| Operating profit (loss) | 9901 | -€8,707 | €7,955 | +€16,662 | |
| Financial income | 75/76B | €226 | €213 | -€13 | -5.8% |
| Recurring financial income | 75 | €205 | €213 | +€8 | +3.8% |
| Non-recurring financial income | 76B | €21 | €0 | -€21 | -98.6% |
| Financial charges | 65/66B | €747 | €443 | -€303 | -40.6% |
| Recurring financial charges | 65 | €747 | €443 | -€303 | -40.6% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€9,228 | €7,725 | +€16,953 | |
| Income taxes | 67/77 | €362 | €4,012 | +€3,650 | +1,008% |
| Profit (loss) for the period | 9904 | -€9,590 | €3,713 | +€13,303 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,590 | €3,713 | +€13,303 |
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 20 October 2026 via checked.be.