LAGACO: 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.
LAGACO
Largest movements
- Tangible fixed assets +€285,355
up €285,355 (+39.6%), from €721,312 to €1.0m
- Cash +€27,473
up €27,473 (+428.2%), from €6,417 to €33,890
mainly Other debts (+€470,872) and Depreciation (+€61,845)
- Other debts +€470,872
up €470,872 (+197.6%), from €238,272 to €709,143
- Profit (loss) carried forward -€98,631
down €98,631 (-70.9%), from -€139,146 to -€237,778
- Debts after one year -€59,202
down €59,202 (-10.7%), from €550,902 to €491,699
- Depreciation -€44,923
down €44,923 (-42.1%), from €106,768 to €61,845
- Financial income -€2,395
down €2,395 (-100.0%), from €2,395 to €0
- Financial charges +€1,894
up €1,894 (+9.2%), from €20,515 to €22,409
- Gross operating margin -€780
down €780 (-6.3%), from -€12,335 to -€13,115
- Other operating charges -€661
down €661 (-34.4%), from €1,924 to €1,262
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 | €727,729 | €1,042,710 | +€314,981 | +43.3% |
| Fixed assets | 21/28 | €721,312 | €1,006,667 | +€285,355 | +39.6% |
| Tangible fixed assets | 22/27 | €721,312 | €1,006,667 | +€285,355 | +39.6% |
| Land and buildings | 22 | €721,312 | €1,006,667 | +€285,355 | +39.6% |
| Current assets | 29/58 | €6,417 | €36,043 | +€29,626 | +461.7% |
| Amounts receivable within one year | 40/41 | - | €2,153 | +€2,153 | |
| Trade receivables | 40 | - | €51 | +€51 | |
| Other amounts receivable | 41 | - | €2,102 | +€2,102 | |
| Cash at bank and in hand | 54/58 | €6,417 | €33,890 | +€27,473 | +428.2% |
| Total equity and liabilities | 10/49 | €727,729 | €1,042,710 | +€314,981 | +43.3% |
| Equity | 10/15 | -€119,146 | -€217,778 | -€98,631 | -82.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,146 | -€237,778 | -€98,631 | -70.9% |
| Amounts payable | 17/49 | €846,875 | €1,260,487 | +€413,612 | +48.8% |
| Amounts payable after more than one year | 17 | €550,902 | €491,699 | -€59,202 | -10.7% |
| Financial debts | 170/4 | €550,902 | €491,699 | -€59,202 | -10.7% |
| Amounts payable within one year | 42/48 | €295,974 | €768,788 | +€472,814 | +159.7% |
| Current portion of amounts payable after more than one year | 42 | €57,315 | €59,202 | +€1,887 | +3.3% |
| Trade debts | 44 | €387 | €443 | +€55 | +14.3% |
| Suppliers | 440/4 | €387 | €443 | +€55 | +14.3% |
| Other amounts payable | 47/48 | €238,272 | €709,143 | +€470,872 | +197.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,768 | €61,845 | -€44,923 | -42.1% |
| Other operating charges | 640/8 | €1,924 | €1,262 | -€661 | -34.4% |
| Gross operating margin | 9900 | -€12,335 | -€13,115 | -€780 | -6.3% |
| Operating profit (loss) | 9901 | -€121,027 | -€76,223 | +€44,804 | +37.0% |
| Financial income | 75/76B | €2,395 | €0 | -€2,395 | -100.0% |
| Recurring financial income | 75 | €2,395 | €0 | -€2,395 | -100.0% |
| Financial charges | 65/66B | €20,515 | €22,409 | +€1,894 | +9.2% |
| Recurring financial charges | 65 | €20,515 | €22,409 | +€1,894 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€139,146 | -€98,631 | +€40,515 | +29.1% |
| Profit (loss) for the period | 9904 | -€139,146 | -€98,631 | +€40,515 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€139,146 | -€98,631 | +€40,515 | +29.1% |
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 10 October 2026 via checked.be.