LAG TRAILERS: 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.
What changed
LAG TRAILERS
NACE 29.202, Manufacture of motor vehicles, trailers and semi-trailers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.5m
2024 · €4.2m-€1.7m
Equity
€27.2m
2024 · €29.7m-€2.6m
Cash
€9.8m
2024 · €9.8m+€8,530
Balance sheet total
€49.0m
2024 · €49.5m-€524,001
Largest movements
Assets
- Current investments -€5.0m
no longer reported in 2025 (was €5.0m)
- Receivables within one year +€3.7m
up €3.7m (+56.3%), from €6.6m to €10.3m
of which Trade receivables: +€3.9m
- Stocks and contracts +€696,000
up €696,000 (+2.5%), from €28.1m to €28.8m
of which Contracts in progress: +€554,663
Equity and liabilities
- Profit (loss) carried forward -€2.6m
down €2.6m (-9.8%), from €26.1m to €23.6m
- Trade debts +€1.2m
up €1.2m (+19.6%), from €6.0m to €7.2m
- Advances received +€523,131
up €523,131 (+5.9%), from €8.8m to €9.3m
Income statement
- Turnover -€5.9m
down €5.9m (-6.8%), from €87.1m to €81.1m
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.
Result 2024
€4.2m
Turnover
-€5.9m
Other operating income
+€480,597
Goods and materials
+€331,279
Services and other goods
-€423,085
Staff costs
+€438,574
Depreciation
+€5,625
Write-downs
-€188,262
Provisions
-€185,879
Other operating charges
+€98,356
Other operating items
+€3.2m
Financial income
-€39,786
Financial charges
+€6,712
Taxes
+€543,411
Result 2025
€2.5m
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.
From operations
+€109,166
Investment
+€5.0m
Financing
-€5.1m
Cash 2024
€9.8m
From operations (derived)
+€109,166
Net result for the year
+€2.5m
Stocks and contracts
-€696,000
Receivables within one year
-€3.7m
Deferred charges and accrued income
-€46,301
Provisions
-€52,707
Trade debts
+€1.2m
Tax, wage and social debts
+€336,144
Advances received
+€523,131
Other debts
+€58,523
Investment (derived)
+€5.0m
Investment in fixed assets (net)
-€636
Current investments
+€5.0m
Financing
-€5.1m
Contributions, distributions and other
-€5.1m
Cash 2025
€9.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,500,325 | €48,976,324 | -€524,001 | -1.1% |
| Fixed assets | 21/28 | €18,070 | €18,706 | +€636 | +3.5% |
| Intangible fixed assets | 21 | - | €2,736 | +€2,736 | |
| Financial fixed assets | 28 | €18,070 | €15,970 | -€2,100 | -11.6% |
| Other financial fixed assets | 284/8 | €18,070 | €15,970 | -€2,100 | -11.6% |
| Amounts receivable and cash guarantees | 285/8 | €18,070 | €15,970 | -€2,100 | -11.6% |
| Current assets | 29/58 | €49,482,255 | €48,957,618 | -€524,637 | -1.1% |
| Stocks and contracts in progress | 3 | €28,064,347 | €28,760,348 | +€696,000 | +2.5% |
| Stocks | 30/36 | €20,486,745 | €20,628,082 | +€141,337 | +0.7% |
| Raw materials and consumables | 30/31 | €11,773,380 | €11,099,196 | -€674,184 | -5.7% |
| Finished goods | 33 | €8,713,365 | €9,528,886 | +€815,521 | +9.4% |
| Contracts in progress | 37 | €7,577,602 | €8,132,266 | +€554,663 | +7.3% |
| Amounts receivable within one year | 40/41 | €6,610,083 | €10,334,615 | +€3.7m | +56.3% |
| Trade receivables | 40 | €6,191,137 | €10,091,281 | +€3.9m | +63.0% |
| Other amounts receivable | 41 | €418,946 | €243,334 | -€175,611 | -41.9% |
| Current investments | 50/53 | €5,000,000 | - | -€5.0m | |
| Other investments | 51/53 | €5,000,000 | - | -€5.0m | |
| Cash at bank and in hand | 54/58 | €9,790,484 | €9,799,014 | +€8,530 | +0.1% |
| Deferred charges and accrued income | 490/1 | €17,341 | €63,641 | +€46,301 | +267.0% |
| Total equity and liabilities | 10/49 | €49,500,325 | €48,976,324 | -€524,001 | -1.1% |
| Equity | 10/15 | €29,719,378 | €27,154,630 | -€2.6m | -8.6% |
| Contributions | 10/11 | €3,245,000 | €3,245,000 | = | 0.0% |
| Capital | 10 | €3,245,000 | €3,245,000 | = | 0.0% |
| Issued capital | 100 | €3,245,000 | €3,245,000 | = | 0.0% |
| Reserves | 13 | €324,500 | €324,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €324,500 | €324,500 | = | 0.0% |
| Legal reserve | 130 | €324,500 | €324,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,149,878 | €23,585,130 | -€2.6m | -9.8% |
| Provisions and deferred taxes | 16 | €801,658 | €748,951 | -€52,707 | -6.6% |
| Provisions for liabilities and charges | 160/5 | €801,658 | €748,951 | -€52,707 | -6.6% |
| Other liabilities and charges | 164/5 | €801,658 | €748,951 | -€52,707 | -6.6% |
| Amounts payable | 17/49 | €18,979,289 | €21,072,743 | +€2.1m | +11.0% |
| Amounts payable within one year | 42/48 | €18,979,289 | €21,072,743 | +€2.1m | +11.0% |
| Trade debts | 44 | €6,006,487 | €7,182,143 | +€1.2m | +19.6% |
| Suppliers | 440/4 | €6,006,487 | €7,182,143 | +€1.2m | +19.6% |
| Advances received on contracts in progress | 46 | €8,799,463 | €9,322,594 | +€523,131 | +5.9% |
| Taxes, remuneration and social security | 45 | €4,173,339 | €4,509,483 | +€336,144 | +8.1% |
| Taxes | 450/3 | €232,090 | €560,868 | +€328,778 | +141.7% |
| Remuneration and social security | 454/9 | €3,941,249 | €3,948,616 | +€7,367 | +0.2% |
| Other amounts payable | 47/48 | - | €58,523 | +€58,523 | |
| Operating income | 70/76A | €86,855,602 | €84,599,482 | -€2.3m | -2.6% |
| Turnover | 70 | €87,050,948 | €81,116,829 | -€5.9m | -6.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,827,218 | €1,370,184 | +€3.2m | |
| Other operating income | 74 | €1,631,872 | €2,112,468 | +€480,597 | +29.5% |
| Operating charges | 60/66A | €81,224,085 | €81,144,125 | -€79,960 | -0.1% |
| Goods for resale, raw materials and consumables | 60 | €51,394,023 | €51,062,744 | -€331,279 | -0.6% |
| Purchases | 600/8 | €48,561,743 | €50,451,071 | +€1.9m | +3.9% |
| Change in stocks: decrease (increase) | 609 | €2,832,280 | €611,673 | -€2.2m | -78.4% |
| Services and other goods | 61 | €7,610,269 | €8,033,354 | +€423,085 | +5.6% |
| Remuneration, social security and pensions | 62 | €22,443,174 | €22,004,600 | -€438,574 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,625 | - | -€5,625 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€126,463 | €61,799 | +€188,262 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€238,586 | -€52,707 | +€185,879 | +77.9% |
| Other operating charges | 640/8 | €131,426 | €33,070 | -€98,356 | -74.8% |
| Non-recurring operating charges | 66A | €4,618 | €1,265 | -€3,353 | -72.6% |
| Operating profit (loss) | 9901 | €5,631,517 | €3,455,357 | -€2.2m | -38.6% |
| Financial income | 75/76B | €86,918 | €47,133 | -€39,786 | -45.8% |
| Recurring financial income | 75 | €86,918 | €47,133 | -€39,786 | -45.8% |
| Income from current assets | 751 | €86,750 | €41,481 | -€45,269 | -52.2% |
| Other financial income | 752/9 | €168 | €5,652 | +€5,483 | +3257.4% |
| Financial charges | 65/66B | €48,488 | €41,776 | -€6,712 | -13.8% |
| Recurring financial charges | 65 | €48,488 | €41,776 | -€6,712 | -13.8% |
| Debt charges | 650 | €16,413 | €21,915 | +€5,502 | +33.5% |
| Other financial charges | 652/9 | €32,075 | €19,861 | -€12,214 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €5,669,947 | €3,460,714 | -€2.2m | -39.0% |
| Income taxes | 67/77 | €1,468,872 | €925,461 | -€543,411 | -37.0% |
| Taxes | 670/3 | €1,468,872 | €925,461 | -€543,411 | -37.0% |
| Profit (loss) for the period | 9904 | €4,201,075 | €2,535,253 | -€1.7m | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,201,075 | €2,535,253 | -€1.7m | -39.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.