LAGAE JP&E: 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.
LAGAE JP&E
Largest movements
- Cash +€325,855
up €325,855 (+471.2%), from €69,156 to €395,011
mainly Net result for the year (+€228,798) and Tax, wage and social debts (+€64,320)
- Current investments -€51,194
down €51,194 (-1.6%), from €3.3m to €3.2m
- Reserves +€292,766
up €292,766 (+41.1%), from €712,000 to €1.0m
- Contributions -€102,766
down €102,766 (-9.1%), from €1.1m to €1.0m
- Tax, wage and social debts +€64,320
new in 2025: €64,320
- Other debts -€45,026
down €45,026 (-34.7%), from €129,930 to €84,904
- Profit (loss) carried forward +€38,797
up €38,797, from -€37,910 to €887
- Financial income +€344,380
up €344,380 (+1110.3%), from €31,016 to €375,396
- Taxes +€64,213
up €64,213 (+423.1%), from €15,175 to €79,388
- Other operating charges +€7,639
up €7,639 (+761.6%), from €1,003 to €8,642
- Financial charges +€1,224
up €1,224 (+4.1%), from €29,878 to €31,102
- Gross operating margin -€424
down €424 (-1.6%), from -€26,978 to -€27,402
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 | €3,435,049 | €3,711,751 | +€276,702 | +8.1% |
| Fixed assets | 21/28 | €64 | €627 | +€563 | +879.7% |
| Tangible fixed assets | 22/27 | €64 | €627 | +€563 | +879.7% |
| Plant, machinery and equipment | 23 | €64 | €627 | +€563 | +879.7% |
| Current assets | 29/58 | €3,434,985 | €3,711,124 | +€276,139 | +8.0% |
| Amounts receivable within one year | 40/41 | €105,477 | €106,955 | +€1,478 | +1.4% |
| Trade receivables | 40 | €95,114 | €96,391 | +€1,277 | +1.3% |
| Other amounts receivable | 41 | €10,363 | €10,564 | +€201 | +1.9% |
| Current investments | 50/53 | €3,260,352 | €3,209,158 | -€51,194 | -1.6% |
| Cash at bank and in hand | 54/58 | €69,156 | €395,011 | +€325,855 | +471.2% |
| Total equity and liabilities | 10/49 | €3,435,049 | €3,711,751 | +€276,702 | +8.1% |
| Equity | 10/15 | €1,804,514 | €2,033,311 | +€228,797 | +12.7% |
| Contributions | 10/11 | €1,130,424 | €1,027,658 | -€102,766 | -9.1% |
| Reserves | 13 | €712,000 | €1,004,766 | +€292,766 | +41.1% |
| Distributable reserves | 133 | €712,000 | €1,004,766 | +€292,766 | +41.1% |
| Profit (loss) carried forward | 14 | -€37,910 | €887 | +€38,797 | |
| Provisions and deferred taxes | 16 | €1,500,000 | €1,500,000 | = | 0.0% |
| Deferred taxes | 168 | €1,500,000 | €1,500,000 | = | 0.0% |
| Amounts payable | 17/49 | €130,535 | €178,440 | +€47,905 | +36.7% |
| Amounts payable within one year | 42/48 | €130,535 | €178,440 | +€47,905 | +36.7% |
| Trade debts | 44 | €605 | €29,215 | +€28,610 | +4729.0% |
| Suppliers | 440/4 | €605 | €29,215 | +€28,610 | +4729.0% |
| Taxes, remuneration and social security | 45 | - | €64,320 | +€64,320 | |
| Taxes | 450/3 | - | €64,320 | +€64,320 | |
| Other amounts payable | 47/48 | €129,930 | €84,904 | -€45,026 | -34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381 | €64 | -€317 | -83.3% |
| Other operating charges | 640/8 | €1,003 | €8,642 | +€7,639 | +761.6% |
| Gross operating margin | 9900 | -€26,978 | -€27,402 | -€424 | -1.6% |
| Operating profit (loss) | 9901 | -€28,362 | -€36,108 | -€7,746 | -27.3% |
| Financial income | 75/76B | €31,016 | €375,396 | +€344,380 | +1110.3% |
| Recurring financial income | 75 | €31,016 | €375,396 | +€344,380 | +1110.3% |
| Financial charges | 65/66B | €29,878 | €31,102 | +€1,224 | +4.1% |
| Recurring financial charges | 65 | €29,878 | €31,102 | +€1,224 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,224 | €308,186 | +€335,410 | |
| Income taxes | 67/77 | €15,175 | €79,388 | +€64,213 | +423.1% |
| Profit (loss) for the period | 9904 | -€42,399 | €228,798 | +€271,197 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,399 | €228,798 | +€271,197 |
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 30 September 2026 via checked.be.