M LACROIX: 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.
M LACROIX
Largest movements
- Tangible fixed assets -€42,592
down €42,592 (-10.4%), from €410,662 to €368,070
- Receivables within one year +€16,821
up €16,821 (+28777.6%), from €58 to €16,879
of which Other amounts receivable: +€16,879
- Cash +€13,736
up €13,736 (+2.7%), from €505,804 to €519,540
mainly Depreciation (+€57,987) and Trade debts (+€11,220)
- Debts after one year -€31,638
down €31,638 (-51.5%), from €61,376 to €29,738
- Trade debts +€11,220
up €11,220 (+153.8%), from €7,297 to €18,518
- Other debts +€10,745
up €10,745 (+11.4%), from €94,255 to €105,000
- Gross operating margin -€24,712
down €24,712 (-22.0%), from €112,227 to €87,515
- Taxes -€7,377
down €7,377 (-80.1%), from €9,205 to €1,829
- Financial charges -€1,570
down €1,570 (-32.5%), from €4,833 to €3,263
- Other operating charges +€1,375
up €1,375 (+8.3%), from €16,562 to €17,936
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 | €920,676 | €905,868 | -€14,808 | -1.6% |
| Fixed assets | 21/28 | €410,662 | €368,070 | -€42,592 | -10.4% |
| Tangible fixed assets | 22/27 | €410,662 | €368,070 | -€42,592 | -10.4% |
| Land and buildings | 22 | €410,662 | €368,070 | -€42,592 | -10.4% |
| Current assets | 29/58 | €510,014 | €537,799 | +€27,784 | +5.4% |
| Amounts receivable within one year | 40/41 | €58 | €16,879 | +€16,821 | +28777.6% |
| Trade receivables | 40 | €58 | €0 | -€58 | -100.0% |
| Other amounts receivable | 41 | €0 | €16,879 | +€16,879 | |
| Cash at bank and in hand | 54/58 | €505,804 | €519,540 | +€13,736 | +2.7% |
| Deferred charges and accrued income | 490/1 | €4,152 | €1,380 | -€2,772 | -66.8% |
| Total equity and liabilities | 10/49 | €920,676 | €905,868 | -€14,808 | -1.6% |
| Equity | 10/15 | €714,438 | €709,941 | -€4,498 | -0.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €122,000 | €122,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47,000 | €47,000 | = | 0.0% |
| Legal reserve | 130 | €47,000 | €47,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €392,438 | €387,941 | -€4,498 | -1.1% |
| Amounts payable | 17/49 | €206,238 | €195,928 | -€10,310 | -5.0% |
| Amounts payable after more than one year | 17 | €61,376 | €29,738 | -€31,638 | -51.5% |
| Financial debts | 170/4 | €61,376 | €29,738 | -€31,638 | -51.5% |
| Amounts payable within one year | 42/48 | €144,862 | €166,190 | +€21,328 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €30,490 | €31,638 | +€1,148 | +3.8% |
| Trade debts | 44 | €7,297 | €18,518 | +€11,220 | +153.8% |
| Suppliers | 440/4 | €7,297 | €18,518 | +€11,220 | +153.8% |
| Taxes, remuneration and social security | 45 | €12,819 | €11,034 | -€1,785 | -13.9% |
| Taxes | 450/3 | €12,819 | €11,034 | -€1,785 | -13.9% |
| Other amounts payable | 47/48 | €94,255 | €105,000 | +€10,745 | +11.4% |
| Non-recurring operating income | 76A | €150 | €0 | -€150 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,059 | €57,987 | +€928 | +1.6% |
| Other operating charges | 640/8 | €16,562 | €17,936 | +€1,375 | +8.3% |
| Gross operating margin | 9900 | €112,227 | €87,515 | -€24,712 | -22.0% |
| Operating profit (loss) | 9901 | €38,607 | €11,592 | -€27,014 | -70.0% |
| Financial income | 75/76B | €8 | €1 | -€6 | -81.4% |
| Recurring financial income | 75 | €8 | €1 | -€6 | -81.4% |
| Financial charges | 65/66B | €4,833 | €3,263 | -€1,570 | -32.5% |
| Recurring financial charges | 65 | €4,833 | €3,263 | -€1,570 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €33,782 | €8,331 | -€25,451 | -75.3% |
| Income taxes | 67/77 | €9,205 | €1,829 | -€7,377 | -80.1% |
| Profit (loss) for the period | 9904 | €24,576 | €6,502 | -€18,074 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,576 | €6,502 | -€18,074 | -73.5% |
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 6 October 2026 via checked.be.