LAG PROJECT: 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 PROJECT
Largest movements
- Receivables within one year +€11,336
up €11,336 (+47.2%), from €24,029 to €35,364
of which Trade receivables: +€6,726
- Tangible fixed assets -€4,884
down €4,884 (-73.6%), from €6,639 to €1,755
- Deferred charges and accrued income -€1,215
no longer reported in 2024 (was €1,215)
- Cash +€569
up €569 (+117.6%), from €484 to €1,053
mainly Net result for the year (+€9,248) and Investment in fixed assets (net) (+€3,937)
- Profit (loss) carried forward +€9,248
up €9,248 (+98.1%), from €9,429 to €18,677
- Trade debts -€2,304
down €2,304 (-15.1%), from €15,303 to €12,999
- Tax, wage and social debts -€1,157
down €1,157 (-17.7%), from €6,536 to €5,379
of which Remuneration and social security: -€2,800
- Other operating charges +€3,715
new in 2024: €3,715
- Gross operating margin +€2,536
up €2,536 (+16.6%), from €15,282 to €17,818
- Taxes -€1,536
down €1,536 (-34.3%), from €4,478 to €2,943
- Financial charges +€292
up €292 (+43.3%), from €674 to €966
- Depreciation +€245
up €245 (+35.0%), from €701 to €947
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,267 | €42,073 | +€5,806 | +16.0% |
| Fixed assets | 21/28 | €10,539 | €5,655 | -€4,884 | -46.3% |
| Tangible fixed assets | 22/27 | €6,639 | €1,755 | -€4,884 | -73.6% |
| Furniture and vehicles | 24 | €6,639 | €1,755 | -€4,884 | -73.6% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €25,728 | €36,418 | +€10,690 | +41.5% |
| Amounts receivable within one year | 40/41 | €24,029 | €35,364 | +€11,336 | +47.2% |
| Trade receivables | 40 | €3,274 | €10,000 | +€6,726 | +205.4% |
| Other amounts receivable | 41 | €20,755 | €25,364 | +€4,610 | +22.2% |
| Cash at bank and in hand | 54/58 | €484 | €1,053 | +€569 | +117.6% |
| Deferred charges and accrued income | 490/1 | €1,215 | - | -€1,215 | |
| Total equity and liabilities | 10/49 | €36,267 | €42,073 | +€5,806 | +16.0% |
| Equity | 10/15 | €14,429 | €23,677 | +€9,248 | +64.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,429 | €18,677 | +€9,248 | +98.1% |
| Amounts payable | 17/49 | €21,839 | €18,396 | -€3,442 | -15.8% |
| Amounts payable within one year | 42/48 | €21,839 | €18,396 | -€3,442 | -15.8% |
| Financial debts | 43 | - | €19 | +€19 | |
| Credit institutions | 430/8 | - | €19 | +€19 | |
| Trade debts | 44 | €15,303 | €12,999 | -€2,304 | -15.1% |
| Suppliers | 440/4 | €15,303 | €12,999 | -€2,304 | -15.1% |
| Taxes, remuneration and social security | 45 | €6,536 | €5,379 | -€1,157 | -17.7% |
| Taxes | 450/3 | €3,736 | €5,379 | +€1,643 | +44.0% |
| Remuneration and social security | 454/9 | €2,800 | - | -€2,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €701 | €947 | +€245 | +35.0% |
| Other operating charges | 640/8 | - | €3,715 | +€3,715 | |
| Gross operating margin | 9900 | €15,282 | €17,818 | +€2,536 | +16.6% |
| Operating profit (loss) | 9901 | €14,581 | €13,156 | -€1,424 | -9.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €674 | €966 | +€292 | +43.3% |
| Recurring financial charges | 65 | €674 | €966 | +€292 | +43.3% |
| Profit (loss) for the period before taxes | 9903 | €13,907 | €12,191 | -€1,716 | -12.3% |
| Income taxes | 67/77 | €4,478 | €2,943 | -€1,536 | -34.3% |
| Profit (loss) for the period | 9904 | €9,429 | €9,248 | -€180 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,429 | €9,248 | -€180 | -1.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.