LACAGRO: 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.
LACAGRO
Largest movements
- Tangible fixed assets +€14.2m
up €14.2m (+48.9%), from €29.0m to €43.2m
of which Land and buildings: +€14.2m
- Stocks and contracts -€1.5m
down €1.5m (-11.4%), from €13.3m to €11.8m
- Current investments -€1.4m
down €1.4m (-85.2%), from €1.7m to €250,000
- Receivables within one year +€1.4m
up €1.4m (+116%), from €1.2m to €2.5m
of which Other amounts receivable: +€1.3m
- Debts after one year +€33.8m
up €33.8m (+211%), from €16.0m to €49.7m
of which Trade debts: +€25.7m
- Other debts -€22.2m
down €22.2m (-98.0%), from €22.7m to €451,035
- Short-term financial debts +€1.8m
new in 2025: €1.8m
- Current portion of long-term debt +€904,411
up €904,411, from €0 to €904,411
- Gross operating margin +€1.0m
up €1.0m (+385%), from €260,488 to €1.3m
- Financial charges +€540,147
up €540,147 (+676%), from €79,875 to €620,022
- Other operating charges +€97,663
up €97,663 (+835%), from €11,700 to €109,362
- Depreciation +€89,718
up €89,718 (+8.7%), from €1.0m to €1.1m
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 | €45,270,257 | €58,331,575 | +€13.1m | +28.9% |
| Fixed assets | 21/28 | €29,024,002 | €43,230,627 | +€14.2m | +48.9% |
| Tangible fixed assets | 22/27 | €29,024,002 | €43,230,627 | +€14.2m | +48.9% |
| Land and buildings | 22 | €28,959,670 | €43,196,206 | +€14.2m | +49.2% |
| Plant, machinery and equipment | 23 | €64,332 | €28,305 | -€36,027 | -56.0% |
| Furniture and vehicles | 24 | - | €6,117 | +€6,117 | |
| Current assets | 29/58 | €16,246,255 | €15,100,947 | -€1.1m | -7.0% |
| Stocks and contracts in progress | 3 | €13,264,387 | €11,758,762 | -€1.5m | -11.4% |
| Stocks | 30/36 | €13,264,387 | €11,758,762 | -€1.5m | -11.4% |
| Amounts receivable within one year | 40/41 | €1,163,885 | €2,514,750 | +€1.4m | +116% |
| Trade receivables | 40 | €549 | €39,341 | +€38,793 | +7,069% |
| Other amounts receivable | 41 | €1,163,337 | €2,475,408 | +€1.3m | +113% |
| Current investments | 50/53 | €1,684,563 | €250,000 | -€1.4m | -85.2% |
| Cash at bank and in hand | 54/58 | €133,419 | €574,813 | +€441,394 | +331% |
| Deferred charges and accrued income | 490/1 | - | €2,623 | +€2,623 | |
| Total equity and liabilities | 10/49 | €45,270,257 | €58,331,575 | +€13.1m | +28.9% |
| Equity | 10/15 | €6,304,930 | €5,292,454 | -€1.0m | -16.1% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Revaluation surpluses | 12 | €7,167,325 | €6,729,112 | -€438,213 | -6.1% |
| Profit (loss) carried forward | 14 | -€899,394 | -€1,473,658 | -€574,264 | -63.9% |
| Amounts payable | 17/49 | €38,965,326 | €53,039,121 | +€14.1m | +36.1% |
| Amounts payable after more than one year | 17 | €15,966,306 | €49,721,092 | +€33.8m | +211% |
| Financial debts | 170/4 | €15,966,306 | €23,992,337 | +€8.0m | +50.3% |
| Trade debts | 175 | - | €25,728,755 | +€25.7m | |
| Amounts payable within one year | 42/48 | €22,944,226 | €3,318,029 | -€19.6m | -85.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €904,411 | +€904,411 | |
| Financial debts | 43 | - | €1,784,613 | +€1.8m | |
| Credit institutions | 430/8 | - | €1,784,613 | +€1.8m | |
| Trade debts | 44 | €249,281 | €173,445 | -€75,836 | -30.4% |
| Suppliers | 440/4 | €249,281 | €173,445 | -€75,836 | -30.4% |
| Taxes, remuneration and social security | 45 | - | €4,524 | +€4,524 | |
| Taxes | 450/3 | - | €4,524 | +€4,524 | |
| Other amounts payable | 47/48 | €22,694,945 | €451,035 | -€22.2m | -98.0% |
| Accrued charges and deferred income | 492/3 | €54,794 | - | -€54,794 | |
| Remuneration, social security and pensions | 62 | - | €1,004 | +€1,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,029,458 | €1,119,176 | +€89,718 | +8.7% |
| Other operating charges | 640/8 | €11,700 | €109,362 | +€97,663 | +835% |
| Gross operating margin | 9900 | €260,488 | €1,264,290 | +€1.0m | +385% |
| Operating profit (loss) | 9901 | -€780,670 | €34,748 | +€815,418 | |
| Financial income | 75/76B | €2,686 | €9,615 | +€6,929 | +258% |
| Recurring financial income | 75 | €2,686 | €9,615 | +€6,929 | +258% |
| Financial charges | 65/66B | €79,875 | €620,022 | +€540,147 | +676% |
| Recurring financial charges | 65 | €79,875 | €620,022 | +€540,147 | +676% |
| Profit (loss) for the period before taxes | 9903 | -€857,859 | -€575,659 | +€282,200 | +32.9% |
| Income taxes | 67/77 | €1,395 | -€1,395 | -€2,790 | |
| Profit (loss) for the period | 9904 | -€859,254 | -€574,264 | +€284,990 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€859,254 | -€574,264 | +€284,990 | +33.2% |
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 20 October 2026 via checked.be.