LAGAUT: what changed
LAGAUT
Largest movements
- Receivables within one year +€54,934
up €54,934 (+104%), from €52,674 to €107,608
of which Other amounts receivable: +€55,009
- Tangible fixed assets -€34,483
down €34,483 (-23.6%), from €146,236 to €111,754
of which Plant, machinery and equipment: -€23,897
- Cash -€10,262
down €10,262 (-40.1%), from €25,583 to €15,321
mainly Net result for the year (-€358,763) and Trade debts (-€116,120)
- Contributions +€506,000
up €506,000 (+50.5%), from €1.0m to €1.5m
- Profit (loss) carried forward -€358,763
down €358,763 (-39.0%), from -€919,026 to -€1.3m
- Trade debts -€116,120
down €116,120 (-73.5%), from €158,091 to €41,971
- Tax, wage and social debts -€11,228
down €11,228 (-25.1%), from €44,683 to €33,455
of which Remuneration and social security: -€11,582
- Provisions -€9,898
no longer reported in 2025 (was €9,898)
- Gross operating margin -€121,877
down €121,877 (-50.5%), from €241,189 to €119,312
- Other operating charges -€54,807
down €54,807 (-21.5%), from €254,502 to €199,696
- Provisions -€19,795
down €19,795, from €9,898 to -€9,898
- Depreciation +€16,246
up €16,246 (+85.0%), from €19,114 to €35,360
- Staff costs -€15,655
down €15,655 (-5.7%), from €274,978 to €259,323
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €299,815 | €310,755 | +€10,940 | +3.6% |
| Fixed assets | 21/28 | €221,326 | €186,843 | -€34,483 | -15.6% |
| Tangible fixed assets | 22/27 | €146,236 | €111,754 | -€34,483 | -23.6% |
| Plant, machinery and equipment | 23 | €90,618 | €66,721 | -€23,897 | -26.4% |
| Other tangible fixed assets | 26 | €55,618 | €45,033 | -€10,586 | -19.0% |
| Financial fixed assets | 28 | €75,090 | €75,090 | = | 0.0% |
| Current assets | 29/58 | €78,490 | €123,912 | +€45,422 | +57.9% |
| Amounts receivable within one year | 40/41 | €52,674 | €107,608 | +€54,934 | +104% |
| Trade receivables | 40 | €100 | €25 | -€75 | -75.1% |
| Other amounts receivable | 41 | €52,574 | €107,583 | +€55,009 | +105% |
| Cash at bank and in hand | 54/58 | €25,583 | €15,321 | -€10,262 | -40.1% |
| Deferred charges and accrued income | 490/1 | €232 | €983 | +€751 | +323% |
| Total equity and liabilities | 10/49 | €299,815 | €310,755 | +€10,940 | +3.6% |
| Equity | 10/15 | €83,390 | €230,626 | +€147,237 | +177% |
| Contributions | 10/11 | €1,002,416 | €1,508,416 | +€506,000 | +50.5% |
| Profit (loss) carried forward | 14 | -€919,026 | -€1,277,790 | -€358,763 | -39.0% |
| Provisions and deferred taxes | 16 | €9,898 | - | -€9,898 | |
| Provisions for liabilities and charges | 160/5 | €9,898 | - | -€9,898 | |
| Other liabilities and charges | 164/5 | €9,898 | - | -€9,898 | |
| Amounts payable | 17/49 | €206,528 | €80,129 | -€126,399 | -61.2% |
| Amounts payable within one year | 42/48 | €206,528 | €80,129 | -€126,399 | -61.2% |
| Trade debts | 44 | €158,091 | €41,971 | -€116,120 | -73.5% |
| Suppliers | 440/4 | €158,091 | €41,971 | -€116,120 | -73.5% |
| Taxes, remuneration and social security | 45 | €44,683 | €33,455 | -€11,228 | -25.1% |
| Taxes | 450/3 | €2,566 | €2,920 | +€354 | +13.8% |
| Remuneration and social security | 454/9 | €42,117 | €30,535 | -€11,582 | -27.5% |
| Other amounts payable | 47/48 | €3,754 | €4,702 | +€948 | +25.3% |
| Non-recurring operating income | 76A | €75,347 | €63,000 | -€12,346 | -16.4% |
| Remuneration, social security and pensions | 62 | €274,978 | €259,323 | -€15,655 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,114 | €35,360 | +€16,246 | +85.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €9,898 | -€9,898 | -€19,795 | |
| Other operating charges | 640/8 | €254,502 | €199,696 | -€54,807 | -21.5% |
| Gross operating margin | 9900 | €241,189 | €119,312 | -€121,877 | -50.5% |
| Operating profit (loss) | 9901 | -€317,303 | -€365,169 | -€47,866 | -15.1% |
| Financial income | 75/76B | €700 | €6,564 | +€5,864 | +838% |
| Recurring financial income | 75 | €700 | €6,564 | +€5,864 | +838% |
| Financial charges | 65/66B | €2,837 | €159 | -€2,679 | -94.4% |
| Recurring financial charges | 65 | €2,837 | €159 | -€2,679 | -94.4% |
| Profit (loss) for the period before taxes | 9903 | -€319,440 | -€358,763 | -€39,323 | -12.3% |
| Profit (loss) for the period | 9904 | -€319,440 | -€358,763 | -€39,323 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€319,440 | -€358,763 | -€39,323 | -12.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.