AL LAGO: 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.
AL LAGO
Largest movements
- Tangible fixed assets +€90,451
up €90,451 (+519%), from €17,417 to €107,868
of which Furniture and vehicles: +€88,288
- Receivables within one year -€53,241
down €53,241 (-79.2%), from €67,201 to €13,960
of which Other amounts receivable: -€49,729
- Cash -€4,199
down €4,199 (-13.2%), from €31,702 to €27,503
mainly Investment in fixed assets (net) (-€108,251) and Stocks and contracts (-€811)
- Profit (loss) carried forward +€27,590
up €27,590 (+51.3%), from -€53,798 to -€26,208
- Trade debts +€3,230
up €3,230 (+685%), from €471 to €3,702
- Tax, wage and social debts +€1,998
up €1,998 (+7.0%), from €28,618 to €30,616
of which Remuneration and social security: +€1,707
- Gross operating margin +€52,601
up €52,601 (+23.8%), from €220,821 to €273,422
- Staff costs +€21,909
up €21,909 (+11.3%), from €193,865 to €215,774
- Depreciation +€15,872
up €15,872 (+824%), from €1,927 to €17,800
- Taxes +€4,825
up €4,825 (+400%), from €1,208 to €6,033
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 | €129,609 | €163,367 | +€33,758 | +26.0% |
| Fixed assets | 21/28 | €18,813 | €109,264 | +€90,451 | +481% |
| Tangible fixed assets | 22/27 | €17,417 | €107,868 | +€90,451 | +519% |
| Plant, machinery and equipment | 23 | €11,710 | €10,126 | -€1,583 | -13.5% |
| Furniture and vehicles | 24 | - | €88,288 | +€88,288 | |
| Other tangible fixed assets | 26 | €5,708 | €9,454 | +€3,747 | +65.6% |
| Financial fixed assets | 28 | €1,395 | €1,395 | = | 0.0% |
| Current assets | 29/58 | €110,797 | €54,104 | -€56,693 | -51.2% |
| Stocks and contracts in progress | 3 | €11,053 | €11,864 | +€811 | +7.3% |
| Stocks | 30/36 | €11,053 | €11,864 | +€811 | +7.3% |
| Amounts receivable within one year | 40/41 | €67,201 | €13,960 | -€53,241 | -79.2% |
| Trade receivables | 40 | €16,697 | €13,185 | -€3,512 | -21.0% |
| Other amounts receivable | 41 | €50,504 | €775 | -€49,729 | -98.5% |
| Cash at bank and in hand | 54/58 | €31,702 | €27,503 | -€4,199 | -13.2% |
| Deferred charges and accrued income | 490/1 | €840 | €777 | -€63 | -7.6% |
| Total equity and liabilities | 10/49 | €129,609 | €163,367 | +€33,758 | +26.0% |
| Equity | 10/15 | €97,366 | €124,956 | +€27,590 | +28.3% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €113,980 | €113,980 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,175 | €24,175 | = | 0.0% |
| Distributable reserves | 133 | €89,805 | €89,805 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,798 | -€26,208 | +€27,590 | +51.3% |
| Amounts payable | 17/49 | €32,243 | €38,411 | +€6,168 | +19.1% |
| Amounts payable within one year | 42/48 | €32,243 | €38,411 | +€6,168 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €3,144 | €4,084 | +€941 | +29.9% |
| Trade debts | 44 | €471 | €3,702 | +€3,230 | +685% |
| Suppliers | 440/4 | €471 | €3,702 | +€3,230 | +685% |
| Taxes, remuneration and social security | 45 | €28,618 | €30,616 | +€1,998 | +7.0% |
| Taxes | 450/3 | €11,575 | €11,866 | +€291 | +2.5% |
| Remuneration and social security | 454/9 | €17,043 | €18,750 | +€1,707 | +10.0% |
| Other amounts payable | 47/48 | €9 | €9 | = | 0.0% |
| Non-recurring operating income | 76A | €2,629 | €35,114 | +€32,486 | +1,236% |
| Remuneration, social security and pensions | 62 | €193,865 | €215,774 | +€21,909 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,927 | €17,800 | +€15,872 | +824% |
| Other operating charges | 640/8 | €2,047 | €1,725 | -€322 | -15.7% |
| Non-recurring operating charges | 66A | €12,066 | €373 | -€11,693 | -96.9% |
| Gross operating margin | 9900 | €220,821 | €273,422 | +€52,601 | +23.8% |
| Operating profit (loss) | 9901 | €10,917 | €37,751 | +€26,834 | +246% |
| Financial charges | 65/66B | €4,627 | €4,128 | -€499 | -10.8% |
| Recurring financial charges | 65 | €4,272 | €4,070 | -€202 | -4.7% |
| Non-recurring financial charges | 66B | €355 | €58 | -€297 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | €6,290 | €33,623 | +€27,333 | +435% |
| Income taxes | 67/77 | €1,208 | €6,033 | +€4,825 | +400% |
| Profit (loss) for the period | 9904 | €5,082 | €27,590 | +€22,508 | +443% |
| Profit (loss) for the period to be appropriated | 9905 | €5,082 | €27,590 | +€22,508 | +443% |
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.