LAG PARTNERS: what changed
Two fiscal 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.
LAG PARTNERS
Largest movements
- Cash -€9,490
down €9,490 (-6.0%), from €159,165 to €149,674
mainly Net result for the year (-€9,305) and Other debts (-€3,048)
- Tangible fixed assets -€2,798
down €2,798 (-31.0%), from €9,019 to €6,220
- Profit (loss) carried forward -€9,305
down €9,305 (-231.7%), from -€4,017 to -€13,322
- Other debts -€3,048
down €3,048 (-4.2%), from €72,516 to €69,468
- Gross operating margin -€12,649
down €12,649, from €6,891 to -€5,758
- Financial charges -€8,583
down €8,583 (-97.6%), from €8,796 to €214
- Depreciation +€1,589
up €1,589 (+131.4%), from €1,209 to €2,798
- Other operating charges -€691
down €691 (-56.3%), from €1,227 to €536
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.
Cash bridge derived
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 | €174,529 | €162,744 | -€11,785 | -6.8% |
| Fixed assets | 21/28 | €9,019 | €6,220 | -€2,798 | -31.0% |
| Tangible fixed assets | 22/27 | €9,019 | €6,220 | -€2,798 | -31.0% |
| Furniture and vehicles | 24 | €9,019 | €6,220 | -€2,798 | -31.0% |
| Current assets | 29/58 | €165,510 | €156,523 | -€8,987 | -5.4% |
| Amounts receivable within one year | 40/41 | €5,000 | €5,400 | +€400 | +8.0% |
| Other amounts receivable | 41 | €5,000 | €5,400 | +€400 | +8.0% |
| Cash at bank and in hand | 54/58 | €159,165 | €149,674 | -€9,490 | -6.0% |
| Deferred charges and accrued income | 490/1 | €1,345 | €1,449 | +€104 | +7.7% |
| Total equity and liabilities | 10/49 | €174,529 | €162,744 | -€11,785 | -6.8% |
| Equity | 10/15 | €99,326 | €90,021 | -€9,305 | -9.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €78,343 | €78,343 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €75,843 | €75,843 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,017 | -€13,322 | -€9,305 | -231.7% |
| Amounts payable | 17/49 | €75,203 | €72,723 | -€2,480 | -3.3% |
| Amounts payable within one year | 42/48 | €75,203 | €72,723 | -€2,480 | -3.3% |
| Trade debts | 44 | €2,686 | €3,255 | +€569 | +21.2% |
| Suppliers | 440/4 | €2,686 | €3,255 | +€569 | +21.2% |
| Other amounts payable | 47/48 | €72,516 | €69,468 | -€3,048 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,209 | €2,798 | +€1,589 | +131.4% |
| Other operating charges | 640/8 | €1,227 | €536 | -€691 | -56.3% |
| Gross operating margin | 9900 | €6,891 | -€5,758 | -€12,649 | |
| Operating profit (loss) | 9901 | €4,454 | -€9,092 | -€13,546 | |
| Financial charges | 65/66B | €8,796 | €214 | -€8,583 | -97.6% |
| Recurring financial charges | 65 | €8,796 | €214 | -€8,583 | -97.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,342 | -€9,305 | -€4,963 | -114.3% |
| Income taxes | 67/77 | -€2 | - | +€2 | |
| Profit (loss) for the period | 9904 | -€4,340 | -€9,305 | -€4,965 | -114.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,340 | -€9,305 | -€4,965 | -114.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.