LAGASSURANCES: 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.
LAGASSURANCES
Largest movements
- Receivables within one year -€68,803
down €68,803 (-66.7%), from €103,169 to €34,366
of which Other amounts receivable: -€69,096
- Intangible fixed assets -€38,418
down €38,418 (-50.0%), from €76,836 to €38,418
- Cash +€28,698
up €28,698 (+21.0%), from €136,338 to €165,036
mainly Depreciation (+€76,270) and Receivables within one year (+€68,803)
- Tangible fixed assets -€26,488
down €26,488 (-5.9%), from €445,292 to €418,804
of which Plant, machinery and equipment: -€17,477
- Current investments +€25,000
new in 2025: €25,000
- Other debts -€61,802
down €61,802 (-60.9%), from €101,560 to €39,758
- Debts after one year -€35,249
down €35,249 (-11.5%), from €305,387 to €270,139
of which Financial debts: -€35,249
- Profit (loss) carried forward +€22,699
up €22,699 (+26.3%), from €86,347 to €109,045
- Gross operating margin +€21,218
up €21,218 (+6.6%), from €323,754 to €344,972
- Staff costs +€18,236
up €18,236 (+14.0%), from €130,404 to €148,640
- Depreciation +€6,154
up €6,154 (+8.8%), from €70,116 to €76,270
- Taxes +€4,334
up €4,334 (+11.2%), from €38,659 to €42,993
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 | €766,623 | €685,100 | -€81,523 | -10.6% |
| Fixed assets | 21/28 | €523,282 | €458,376 | -€64,906 | -12.4% |
| Intangible fixed assets | 21 | €76,836 | €38,418 | -€38,418 | -50.0% |
| Tangible fixed assets | 22/27 | €445,292 | €418,804 | -€26,488 | -5.9% |
| Land and buildings | 22 | €136,885 | €128,985 | -€7,900 | -5.8% |
| Plant, machinery and equipment | 23 | €305,005 | €287,528 | -€17,477 | -5.7% |
| Furniture and vehicles | 24 | €3,402 | €2,291 | -€1,111 | -32.6% |
| Financial fixed assets | 28 | €1,154 | €1,154 | = | 0.0% |
| Current assets | 29/58 | €243,341 | €226,724 | -€16,617 | -6.8% |
| Amounts receivable within one year | 40/41 | €103,169 | €34,366 | -€68,803 | -66.7% |
| Trade receivables | 40 | €34,073 | €34,366 | +€293 | +0.9% |
| Other amounts receivable | 41 | €69,096 | - | -€69,096 | |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €136,338 | €165,036 | +€28,698 | +21.0% |
| Deferred charges and accrued income | 490/1 | €3,834 | €2,321 | -€1,512 | -39.5% |
| Total equity and liabilities | 10/49 | €766,623 | €685,100 | -€81,523 | -10.6% |
| Equity | 10/15 | €248,348 | €266,459 | +€18,111 | +7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €155,802 | €151,214 | -€4,588 | -2.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €66,848 | €62,260 | -€4,588 | -6.9% |
| Distributable reserves | 133 | €87,093 | €87,093 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,347 | €109,045 | +€22,699 | +26.3% |
| Provisions and deferred taxes | 16 | €26,829 | €24,749 | -€2,080 | -7.8% |
| Deferred taxes | 168 | €26,829 | €24,749 | -€2,080 | -7.8% |
| Amounts payable | 17/49 | €491,446 | €393,891 | -€97,554 | -19.9% |
| Amounts payable after more than one year | 17 | €305,387 | €270,139 | -€35,249 | -11.5% |
| Financial debts | 170/4 | €240,387 | €205,139 | -€35,249 | -14.7% |
| Other amounts payable | 178/9 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €186,059 | €123,753 | -€62,306 | -33.5% |
| Current portion of amounts payable after more than one year | 42 | €31,833 | €33,949 | +€2,115 | +6.6% |
| Trade debts | 44 | €28,830 | €22,710 | -€6,120 | -21.2% |
| Suppliers | 440/4 | €28,830 | €22,710 | -€6,120 | -21.2% |
| Taxes, remuneration and social security | 45 | €23,835 | €27,336 | +€3,501 | +14.7% |
| Taxes | 450/3 | €8,003 | €10,752 | +€2,750 | +34.4% |
| Remuneration and social security | 454/9 | €15,832 | €16,583 | +€751 | +4.7% |
| Other amounts payable | 47/48 | €101,560 | €39,758 | -€61,802 | -60.9% |
| Remuneration, social security and pensions | 62 | €130,404 | €148,640 | +€18,236 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,116 | €76,270 | +€6,154 | +8.8% |
| Other operating charges | 640/8 | €5,749 | €6,084 | +€336 | +5.8% |
| Non-recurring operating charges | 66A | - | €267 | +€267 | |
| Gross operating margin | 9900 | €323,754 | €344,972 | +€21,218 | +6.6% |
| Operating profit (loss) | 9901 | €117,485 | €113,710 | -€3,774 | -3.2% |
| Financial income | 75/76B | €385 | €623 | +€238 | +61.8% |
| Recurring financial income | 75 | €385 | €623 | +€238 | +61.8% |
| Financial charges | 65/66B | €14,920 | €13,310 | -€1,610 | -10.8% |
| Recurring financial charges | 65 | €14,920 | €13,310 | -€1,610 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €102,950 | €101,024 | -€1,926 | -1.9% |
| Transfer from deferred taxes | 780 | €2,080 | €2,080 | = | 0.0% |
| Income taxes | 67/77 | €38,659 | €42,993 | +€4,334 | +11.2% |
| Profit (loss) for the period | 9904 | €66,370 | €60,111 | -€6,260 | -9.4% |
| Transfer from tax-exempt reserves | 789 | €4,588 | €4,588 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,958 | €64,699 | -€6,260 | -8.8% |
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 4 October 2026 via checked.be.