Els Lagrou: 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.
Els Lagrou
Largest movements
- Receivables within one year +€29,973
new in 2025: €29,973
- Deferred charges and accrued income -€8,472
down €8,472 (-37.9%), from €22,325 to €13,853
- Cash +€6,059
up €6,059 (+11.2%), from €54,012 to €60,071
mainly Net result for the year (+€75,019) and Other debts (+€11,159)
- Tangible fixed assets -€3,126
down €3,126 (-19.3%), from €16,185 to €13,060
of which Furniture and vehicles: -€3,194
- Other debts +€11,159
up €11,159 (+16.3%), from €68,348 to €79,506
- Tax, wage and social debts +€7,578
up €7,578 (+53.1%), from €14,272 to €21,850
- Current portion of long-term debt +€5,943
up €5,943 (+147%), from €4,057 to €10,000
- Taxes +€1,778
up €1,778 (+8.5%), from €20,988 to €22,766
- Gross operating margin +€1,362
up €1,362 (+1.3%), from €101,953 to €103,315
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 | €92,522 | €116,957 | +€24,435 | +26.4% |
| Fixed assets | 21/28 | €16,185 | €13,060 | -€3,126 | -19.3% |
| Tangible fixed assets | 22/27 | €16,185 | €13,060 | -€3,126 | -19.3% |
| Plant, machinery and equipment | 23 | €483 | €551 | +€68 | +14.1% |
| Furniture and vehicles | 24 | €15,702 | €12,509 | -€3,194 | -20.3% |
| Current assets | 29/58 | €76,337 | €103,898 | +€27,561 | +36.1% |
| Amounts receivable within one year | 40/41 | - | €29,973 | +€29,973 | |
| Trade receivables | 40 | - | €29,973 | +€29,973 | |
| Cash at bank and in hand | 54/58 | €54,012 | €60,071 | +€6,059 | +11.2% |
| Deferred charges and accrued income | 490/1 | €22,325 | €13,853 | -€8,472 | -37.9% |
| Total equity and liabilities | 10/49 | €92,522 | €116,957 | +€24,435 | +26.4% |
| Equity | 10/15 | €5,000 | €5,019 | +€19 | +0.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €19 | +€19 | |
| Distributable reserves | 133 | - | €19 | +€19 | |
| Amounts payable | 17/49 | €87,522 | €111,938 | +€24,416 | +27.9% |
| Amounts payable within one year | 42/48 | €87,522 | €111,938 | +€24,416 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €4,057 | €10,000 | +€5,943 | +147% |
| Trade debts | 44 | €847 | €582 | -€264 | -31.2% |
| Suppliers | 440/4 | €847 | €582 | -€264 | -31.2% |
| Taxes, remuneration and social security | 45 | €14,272 | €21,850 | +€7,578 | +53.1% |
| Taxes | 450/3 | €14,272 | €21,850 | +€7,578 | +53.1% |
| Other amounts payable | 47/48 | €68,348 | €79,506 | +€11,159 | +16.3% |
| Non-recurring operating income | 76A | - | €4,775 | +€4,775 | |
| Remuneration, social security and pensions | 62 | - | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,653 | €3,695 | +€42 | +1.2% |
| Other operating charges | 640/8 | €1,452 | €1,369 | -€82 | -5.7% |
| Gross operating margin | 9900 | €101,953 | €103,315 | +€1,362 | +1.3% |
| Operating profit (loss) | 9901 | €96,849 | €98,201 | +€1,352 | +1.4% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €497 | €416 | -€82 | -16.4% |
| Recurring financial charges | 65 | €497 | €416 | -€82 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €96,360 | €97,786 | +€1,426 | +1.5% |
| Income taxes | 67/77 | €20,988 | €22,766 | +€1,778 | +8.5% |
| Profit (loss) for the period | 9904 | €75,372 | €75,019 | -€352 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,372 | €75,019 | -€352 | -0.5% |
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 16 October 2026 via checked.be.