LAGAERT: 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.
LAGAERT
Largest movements
- Receivables within one year +€16,901
up €16,901 (+98.1%), from €17,236 to €34,137
of which Other amounts receivable: +€18,111
- Cash -€9,874
down €9,874 (-64.9%), from €15,210 to €5,336
mainly Receivables within one year (-€16,901) and Tax, wage and social debts (-€1,976)
- Other debts +€6,615
new in 2025: €6,615
- Trade debts +€3,179
up €3,179 (+65.8%), from €4,836 to €8,015
- Tax, wage and social debts -€1,976
down €1,976 (-27.2%), from €7,253 to €5,277
- Gross operating margin -€10,510
down €10,510 (-62.6%), from €16,787 to €6,276
- Taxes -€2,778
down €2,778 (-94.4%), from €2,943 to €165
- Financial income +€453
up €453 (+50357.8%), from €1 to €454
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 | €181,563 | €188,084 | +€6,521 | +3.6% |
| Formation expenses | 20 | €2,042 | €1,542 | -€500 | -24.5% |
| Fixed assets | 21/28 | €147,010 | €147,010 | = | 0.0% |
| Financial fixed assets | 28 | €147,010 | €147,010 | = | 0.0% |
| Current assets | 29/58 | €32,511 | €39,532 | +€7,021 | +21.6% |
| Amounts receivable within one year | 40/41 | €17,236 | €34,137 | +€16,901 | +98.1% |
| Trade receivables | 40 | €16,680 | €15,470 | -€1,210 | -7.3% |
| Other amounts receivable | 41 | €556 | €18,667 | +€18,111 | +3255.0% |
| Cash at bank and in hand | 54/58 | €15,210 | €5,336 | -€9,874 | -64.9% |
| Deferred charges and accrued income | 490/1 | €64 | €59 | -€5 | -8.2% |
| Total equity and liabilities | 10/49 | €181,563 | €188,084 | +€6,521 | +3.6% |
| Equity | 10/15 | €15,860 | €14,562 | -€1,298 | -8.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €5,860 | €4,562 | -€1,298 | -22.1% |
| Distributable reserves | 133 | €5,860 | €4,562 | -€1,298 | -22.1% |
| Amounts payable | 17/49 | €165,703 | €173,522 | +€7,819 | +4.7% |
| Amounts payable after more than one year | 17 | €147,000 | €147,000 | = | 0.0% |
| Financial debts | 170/4 | €147,000 | €147,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,088 | €19,907 | +€7,819 | +64.7% |
| Trade debts | 44 | €4,836 | €8,015 | +€3,179 | +65.8% |
| Suppliers | 440/4 | €4,836 | €8,015 | +€3,179 | +65.8% |
| Taxes, remuneration and social security | 45 | €7,253 | €5,277 | -€1,976 | -27.2% |
| Taxes | 450/3 | €7,253 | €5,277 | -€1,976 | -27.2% |
| Other amounts payable | 47/48 | - | €6,615 | +€6,615 | |
| Accrued charges and deferred income | 492/3 | €6,615 | €6,615 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €457 | €500 | +€43 | +9.4% |
| Other operating charges | 640/8 | €685 | €529 | -€156 | -22.7% |
| Gross operating margin | 9900 | €16,787 | €6,276 | -€10,510 | -62.6% |
| Operating profit (loss) | 9901 | €15,645 | €5,247 | -€10,398 | -66.5% |
| Financial income | 75/76B | €1 | €454 | +€453 | +50357.8% |
| Recurring financial income | 75 | €1 | €454 | +€453 | +50357.8% |
| Financial charges | 65/66B | €6,844 | €6,834 | -€9 | -0.1% |
| Recurring financial charges | 65 | €6,844 | €6,834 | -€9 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €8,802 | -€1,133 | -€9,935 | |
| Income taxes | 67/77 | €2,943 | €165 | -€2,778 | -94.4% |
| Profit (loss) for the period | 9904 | €5,860 | -€1,298 | -€7,158 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,860 | -€1,298 | -€7,158 |
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 3 October 2026 via checked.be.