LAAGLAND: 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.
LAAGLAND
Largest movements
- Receivables within one year +€95,588
up €95,588 (+31.7%), from €301,505 to €397,093
of which Other amounts receivable: +€74,972
- Cash +€26,904
up €26,904 (+269,575%), from €10 to €26,914
mainly Debts after one year (+€58,558) and Other debts (+€37,577)
- Debts after one year +€58,558
up €58,558 (+195%), from €30,000 to €88,558
- Other debts +€37,577
up €37,577 (+40.8%), from €92,179 to €129,756
- Trade debts +€23,367
up €23,367 (+27.3%), from €85,656 to €109,023
- Reserves -€20,718
down €20,718 (-22.7%), from €91,225 to €70,507
of which Distributable reserves: -€20,718
- Tax, wage and social debts +€12,266
up €12,266 (+86.8%), from €14,130 to €26,396
- Gross operating margin -€68,303
down €68,303, from €57,610 to -€10,692
- Taxes -€13,198
down €13,198 (-99.0%), from €13,333 to €135
- Financial charges +€684
up €684 (+194%), from €352 to €1,036
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 | €332,192 | €454,683 | +€122,491 | +36.9% |
| Fixed assets | 21/28 | €30,677 | €30,677 | = | 0.0% |
| Tangible fixed assets | 22/27 | €30,677 | €30,677 | = | 0.0% |
| Land and buildings | 22 | €30,677 | €30,677 | = | 0.0% |
| Current assets | 29/58 | €301,515 | €424,006 | +€122,491 | +40.6% |
| Amounts receivable within one year | 40/41 | €301,505 | €397,093 | +€95,588 | +31.7% |
| Trade receivables | 40 | €126,127 | €146,742 | +€20,616 | +16.3% |
| Other amounts receivable | 41 | €175,379 | €250,351 | +€74,972 | +42.7% |
| Cash at bank and in hand | 54/58 | €10 | €26,914 | +€26,904 | +269,575% |
| Total equity and liabilities | 10/49 | €332,192 | €454,683 | +€122,491 | +36.9% |
| Equity | 10/15 | €110,227 | €89,507 | -€20,719 | -18.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €91,225 | €70,507 | -€20,718 | -22.7% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €88,225 | €67,507 | -€20,718 | -23.5% |
| Profit (loss) carried forward | 14 | €2 | - | -€2 | |
| Amounts payable | 17/49 | €221,965 | €365,176 | +€143,210 | +64.5% |
| Amounts payable after more than one year | 17 | €30,000 | €88,558 | +€58,558 | +195% |
| Financial debts | 170/4 | €30,000 | €88,558 | +€58,558 | +195% |
| Amounts payable within one year | 42/48 | €191,965 | €276,618 | +€84,653 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | - | €11,442 | +€11,442 | |
| Trade debts | 44 | €85,656 | €109,023 | +€23,367 | +27.3% |
| Suppliers | 440/4 | €85,656 | €109,023 | +€23,367 | +27.3% |
| Taxes, remuneration and social security | 45 | €14,130 | €26,396 | +€12,266 | +86.8% |
| Taxes | 450/3 | €14,130 | €26,396 | +€12,266 | +86.8% |
| Other amounts payable | 47/48 | €92,179 | €129,756 | +€37,577 | +40.8% |
| Other operating charges | 640/8 | €8,689 | €8,856 | +€166 | +1.9% |
| Gross operating margin | 9900 | €57,610 | -€10,692 | -€68,303 | |
| Operating profit (loss) | 9901 | €48,921 | -€19,548 | -€68,469 | |
| Financial charges | 65/66B | €352 | €1,036 | +€684 | +194% |
| Recurring financial charges | 65 | €352 | €1,036 | +€684 | +194% |
| Profit (loss) for the period before taxes | 9903 | €48,569 | -€20,584 | -€69,153 | |
| Income taxes | 67/77 | €13,333 | €135 | -€13,198 | -99.0% |
| Profit (loss) for the period | 9904 | €35,235 | -€20,719 | -€55,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,235 | -€20,719 | -€55,955 |
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 18 October 2026 via checked.be.