LAGAVINA: 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.
LAGAVINA
Largest movements
- Current investments +€50,000
new in 2026: €50,000
- Cash -€20,265
down €20,265 (-35.4%), from €57,226 to €36,961
mainly Current investments (-€50,000) and Receivables within one year (-€10,007)
- Receivables within one year +€10,007
up €10,007 (+60.6%), from €16,510 to €26,517
of which Other amounts receivable: +€7,471
- Profit (loss) carried forward +€30,985
up €30,985 (+86.7%), from €35,731 to €66,716
- Other debts +€5,685
up €5,685 (+15,917%), from €36 to €5,721
- Tax, wage and social debts +€2,343
up €2,343 (+14.3%), from €16,333 to €18,676
of which Remuneration and social security: +€5,455
- Gross operating margin -€16,250
down €16,250 (-30.9%), from €52,565 to €36,315
- Taxes -€11,008
down €11,008 (-75.5%), from €14,588 to €3,580
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,893 | €116,746 | +€38,853 | +49.9% |
| Fixed assets | 21/28 | €3,353 | €2,263 | -€1,090 | -32.5% |
| Tangible fixed assets | 22/27 | €3,353 | €2,263 | -€1,090 | -32.5% |
| Furniture and vehicles | 24 | €1,847 | €968 | -€880 | -47.6% |
| Other tangible fixed assets | 26 | €1,506 | €1,296 | -€210 | -13.9% |
| Current assets | 29/58 | €74,540 | €114,483 | +€39,943 | +53.6% |
| Amounts receivable within one year | 40/41 | €16,510 | €26,517 | +€10,007 | +60.6% |
| Trade receivables | 40 | €16,438 | €18,974 | +€2,535 | +15.4% |
| Other amounts receivable | 41 | €72 | €7,544 | +€7,471 | +10,350% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €57,226 | €36,961 | -€20,265 | -35.4% |
| Deferred charges and accrued income | 490/1 | €804 | €1,005 | +€201 | +25.0% |
| Total equity and liabilities | 10/49 | €77,893 | €116,746 | +€38,853 | +49.9% |
| Equity | 10/15 | €60,388 | €91,373 | +€30,985 | +51.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,657 | €19,657 | = | 0.0% |
| Distributable reserves | 133 | €19,657 | €19,657 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,731 | €66,716 | +€30,985 | +86.7% |
| Amounts payable | 17/49 | €17,505 | €25,374 | +€7,869 | +45.0% |
| Amounts payable within one year | 42/48 | €17,505 | €25,374 | +€7,869 | +45.0% |
| Trade debts | 44 | €1,136 | €977 | -€159 | -14.0% |
| Suppliers | 440/4 | €1,136 | €977 | -€159 | -14.0% |
| Taxes, remuneration and social security | 45 | €16,333 | €18,676 | +€2,343 | +14.3% |
| Taxes | 450/3 | €16,333 | €13,221 | -€3,112 | -19.1% |
| Remuneration and social security | 454/9 | - | €5,455 | +€5,455 | |
| Other amounts payable | 47/48 | €36 | €5,721 | +€5,685 | +15,917% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,105 | €1,090 | -€15 | -1.4% |
| Other operating charges | 640/8 | €632 | €509 | -€123 | -19.5% |
| Gross operating margin | 9900 | €52,565 | €36,315 | -€16,250 | -30.9% |
| Operating profit (loss) | 9901 | €50,828 | €34,717 | -€16,111 | -31.7% |
| Financial income | 75/76B | €125 | €160 | +€35 | +28.0% |
| Recurring financial income | 75 | €125 | €160 | +€35 | +28.0% |
| Financial charges | 65/66B | €361 | €313 | -€49 | -13.5% |
| Recurring financial charges | 65 | €361 | €313 | -€49 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €50,592 | €34,564 | -€16,028 | -31.7% |
| Income taxes | 67/77 | €14,588 | €3,580 | -€11,008 | -75.5% |
| Profit (loss) for the period | 9904 | €36,004 | €30,985 | -€5,019 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,004 | €30,985 | -€5,019 | -13.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.