MATHIAS LAGAE: 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.
MATHIAS LAGAE
Largest movements
- Deferred charges and accrued income -€6,437
no longer reported in 2025 (was €6,437)
- Receivables within one year +€2,092
up €2,092 (+13.6%), from €15,330 to €17,422
of which Other amounts receivable: +€2,092
- Tangible fixed assets -€1,063
down €1,063 (-4.7%), from €22,846 to €21,783
of which Plant, machinery and equipment: -€5,392
- Short-term financial debts -€3,984
down €3,984 (-44.7%), from €8,920 to €4,935
- Reserves -€3,500
down €3,500 (-58.3%), from €6,000 to €2,500
- Tax, wage and social debts +€2,373
up €2,373 (+39.6%), from €5,999 to €8,372
of which Taxes: +€2,373
- Current portion of long-term debt +€2,324
up €2,324 (+54.0%), from €4,302 to €6,626
- Debts after one year -€1,755
down €1,755 (-13.0%), from €13,495 to €11,740
- Gross operating margin +€6,640
up €6,640 (+126%), from €5,251 to €11,891
- Other operating charges +€3,985
up €3,985 (+281%), from €1,416 to €5,401
- Depreciation +€2,183
up €2,183 (+51.6%), from €4,232 to €6,415
- Financial income +€901
up €901 (+7,417%), from €12 to €913
- Financial charges -€774
down €774 (-24.8%), from €3,127 to €2,353
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 | €44,616 | €39,208 | -€5,408 | -12.1% |
| Fixed assets | 21/28 | €22,846 | €21,783 | -€1,063 | -4.7% |
| Tangible fixed assets | 22/27 | €22,846 | €21,783 | -€1,063 | -4.7% |
| Plant, machinery and equipment | 23 | €10,961 | €5,568 | -€5,392 | -49.2% |
| Furniture and vehicles | 24 | €11,886 | €16,215 | +€4,329 | +36.4% |
| Current assets | 29/58 | €21,770 | €17,424 | -€4,345 | -20.0% |
| Amounts receivable within one year | 40/41 | €15,330 | €17,422 | +€2,092 | +13.6% |
| Trade receivables | 40 | €10,426 | €10,426 | = | 0.0% |
| Other amounts receivable | 41 | €4,904 | €6,996 | +€2,092 | +42.7% |
| Cash at bank and in hand | 54/58 | €3 | €2 | -€1 | -30.2% |
| Deferred charges and accrued income | 490/1 | €6,437 | - | -€6,437 | |
| Total equity and liabilities | 10/49 | €44,616 | €39,208 | -€5,408 | -12.1% |
| Equity | 10/15 | €7,361 | €3,993 | -€3,368 | -45.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €2,500 | -€3,500 | -58.3% |
| Distributable reserves | 133 | €6,000 | €2,500 | -€3,500 | -58.3% |
| Profit (loss) carried forward | 14 | €361 | €493 | +€132 | +36.6% |
| Amounts payable | 17/49 | €37,255 | €35,215 | -€2,040 | -5.5% |
| Amounts payable after more than one year | 17 | €13,495 | €11,740 | -€1,755 | -13.0% |
| Financial debts | 170/4 | €13,495 | €11,740 | -€1,755 | -13.0% |
| Amounts payable within one year | 42/48 | €23,761 | €23,362 | -€399 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €4,302 | €6,626 | +€2,324 | +54.0% |
| Financial debts | 43 | €8,920 | €4,935 | -€3,984 | -44.7% |
| Credit institutions | 430/8 | €8,920 | €4,935 | -€3,984 | -44.7% |
| Trade debts | 44 | €4,541 | €3,429 | -€1,112 | -24.5% |
| Suppliers | 440/4 | €4,541 | €3,429 | -€1,112 | -24.5% |
| Taxes, remuneration and social security | 45 | €5,999 | €8,372 | +€2,373 | +39.6% |
| Taxes | 450/3 | €3,499 | €5,872 | +€2,373 | +67.8% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €113 | +€113 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,232 | €6,415 | +€2,183 | +51.6% |
| Other operating charges | 640/8 | €1,416 | €5,401 | +€3,985 | +281% |
| Non-recurring operating charges | 66A | - | €730 | +€730 | |
| Gross operating margin | 9900 | €5,251 | €11,891 | +€6,640 | +126% |
| Operating profit (loss) | 9901 | -€397 | -€655 | -€258 | -65.0% |
| Financial income | 75/76B | €12 | €913 | +€901 | +7,417% |
| Recurring financial income | 75 | €12 | €913 | +€901 | +7,417% |
| Financial charges | 65/66B | €3,127 | €2,353 | -€774 | -24.8% |
| Recurring financial charges | 65 | €3,127 | €2,353 | -€774 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,512 | -€2,095 | +€1,418 | +40.4% |
| Income taxes | 67/77 | €1,104 | €1,273 | +€170 | +15.4% |
| Profit (loss) for the period | 9904 | -€4,616 | -€3,368 | +€1,248 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,616 | -€3,368 | +€1,248 | +27.0% |
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 30 October 2026 via checked.be.