LACTAGENS: 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.
LACTAGENS
Largest movements
- Receivables after one year -€230,000
down €230,000 (-100%), from €230,000 to €0
- Receivables within one year +€209,816
up €209,816 (+274%), from €76,681 to €286,497
of which Other amounts receivable: +€215,575
- Tangible fixed assets +€76,100
new in 2025: €76,100
- Cash +€16,339
up €16,339 (+42.1%), from €38,840 to €55,178
mainly Receivables after one year (+€230,000) and Net result for the year (+€63,884)
- Reserves +€63,884
up €63,884 (+20.4%), from €313,088 to €376,972
of which Distributable reserves: +€63,884
- Tax, wage and social debts +€11,697
up €11,697 (+104%), from €11,249 to €22,946
of which Taxes: +€8,898
- Gross operating margin +€103,433
up €103,433, from -€6,001 to €97,432
- Taxes +€23,143
up €23,143 (+3,136%), from €738 to €23,881
- Financial income -€12,311
down €12,311 (-92.6%), from €13,299 to €989
- Depreciation +€9,630
new in 2025: €9,630
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 | €345,521 | €418,600 | +€73,079 | +21.2% |
| Fixed assets | 21/28 | €0 | €76,100 | +€76,100 | |
| Tangible fixed assets | 22/27 | - | €76,100 | +€76,100 | |
| Furniture and vehicles | 24 | - | €76,100 | +€76,100 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €345,521 | €342,500 | -€3,021 | -0.9% |
| Amounts receivable after more than one year | 29 | €230,000 | €0 | -€230,000 | -100% |
| Other amounts receivable | 291 | €230,000 | €0 | -€230,000 | -100% |
| Amounts receivable within one year | 40/41 | €76,681 | €286,497 | +€209,816 | +274% |
| Trade receivables | 40 | €18,375 | €12,616 | -€5,759 | -31.3% |
| Other amounts receivable | 41 | €58,306 | €273,881 | +€215,575 | +370% |
| Cash at bank and in hand | 54/58 | €38,840 | €55,178 | +€16,339 | +42.1% |
| Deferred charges and accrued income | 490/1 | - | €825 | +€825 | |
| Total equity and liabilities | 10/49 | €345,521 | €418,600 | +€73,079 | +21.2% |
| Equity | 10/15 | €329,488 | €393,372 | +€63,884 | +19.4% |
| Contributions | 10/11 | €16,400 | €16,400 | = | 0.0% |
| Reserves | 13 | €313,088 | €376,972 | +€63,884 | +20.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €311,233 | €375,117 | +€63,884 | +20.5% |
| Amounts payable | 17/49 | €16,032 | €25,228 | +€9,195 | +57.4% |
| Amounts payable within one year | 42/48 | €16,032 | €24,728 | +€8,695 | +54.2% |
| Trade debts | 44 | €4,783 | €1,782 | -€3,001 | -62.7% |
| Suppliers | 440/4 | €4,783 | €1,782 | -€3,001 | -62.7% |
| Taxes, remuneration and social security | 45 | €11,249 | €22,946 | +€11,697 | +104% |
| Taxes | 450/3 | €11,249 | €20,147 | +€8,898 | +79.1% |
| Remuneration and social security | 454/9 | - | €2,799 | +€2,799 | |
| Accrued charges and deferred income | 492/3 | €0 | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,630 | +€9,630 | |
| Other operating charges | 640/8 | €1,453 | €1,003 | -€450 | -31.0% |
| Gross operating margin | 9900 | -€6,001 | €97,432 | +€103,433 | |
| Operating profit (loss) | 9901 | -€7,453 | €86,799 | +€94,253 | |
| Financial income | 75/76B | €13,299 | €989 | -€12,311 | -92.6% |
| Recurring financial income | 75 | €13,299 | €989 | -€12,311 | -92.6% |
| Financial charges | 65/66B | €443 | €23 | -€420 | -94.9% |
| Recurring financial charges | 65 | €443 | €23 | -€420 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | €5,403 | €87,765 | +€82,362 | +1,524% |
| Income taxes | 67/77 | €738 | €23,881 | +€23,143 | +3,136% |
| Profit (loss) for the period | 9904 | €4,665 | €63,884 | +€59,219 | +1,269% |
| Profit (loss) for the period to be appropriated | 9905 | €4,665 | €63,884 | +€59,219 | +1,269% |
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.