LAGEBO: what changed
What changed
LAGEBO
NACE 43.240, Other construction installation
filed annual accounts (NBB)
Net result for the year
-€58,314
2024 · -€17,157-€41,157
Equity
-€64,337
2024 · -€6,023-€58,314
Cash
€3,409
2024 · €25,134-€21,725
Balance sheet total
€220,669
2024 · €297,376-€76,707
Largest movements
Assets
- Tangible fixed assets -€48,940
down €48,940 (-21.5%), from €227,167 to €178,227
of which Plant, machinery and equipment: -€40,122
- Cash -€21,725
down €21,725 (-86.4%), from €25,134 to €3,409
mainly Net result for the year (-€58,314) and Debts after one year (-€16,596)
- Receivables within one year -€5,875
down €5,875 (-28.1%), from €20,940 to €15,065
of which Trade receivables: -€7,003
Equity and liabilities
- Profit (loss) carried forward -€58,314
down €58,314 (-340%), from -€17,157 to -€75,471
- Debts after one year -€16,596
down €16,596 (-6.2%), from €267,302 to €250,706
of which Financial debts: -€25,492
Income statement
- Gross operating margin -€32,374
down €32,374 (-67.0%), from €48,336 to €15,963
- Depreciation +€6,077
up €6,077 (+11.3%), from €53,983 to €60,060
- Financial charges +€1,168
up €1,168 (+18.2%), from €6,421 to €7,589
- Other operating charges +€631
up €631 (+12.4%), from €5,099 to €5,730
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.
Result 2024
-€17,157
Gross operating margin
-€32,374
Depreciation
-€6,077
Other operating charges
-€631
Other operating items
-€901
Financial income
-€7
Financial charges
-€1,168
Result 2025
-€58,314
lowers the resultnot broken down further in the accounts
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.
From operations
+€3,607
Investment
-€10,106
Financing
-€15,226
Cash 2024
€25,134
From operations (derived)
+€3,607
Net result for the year
-€58,314
Depreciation
+€60,060
Stocks and contracts
-€332
Receivables within one year
+€5,875
Deferred charges and accrued income
-€514
Trade debts
-€809
Tax, wage and social debts
-€2,359
Investment (derived)
-€10,106
Investment in fixed assets (net)
-€10,106
Financing
-€15,226
Debts after one year
-€16,596
Current portion of long-term debt
+€1,370
Cash 2025
€3,409
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,376 | €220,669 | -€76,707 | -25.8% |
| Fixed assets | 21/28 | €230,261 | €180,307 | -€49,954 | -21.7% |
| Intangible fixed assets | 21 | €3,094 | €2,080 | -€1,014 | -32.8% |
| Tangible fixed assets | 22/27 | €227,167 | €178,227 | -€48,940 | -21.5% |
| Plant, machinery and equipment | 23 | €198,031 | €157,909 | -€40,122 | -20.3% |
| Furniture and vehicles | 24 | €1,027 | €256 | -€771 | -75.0% |
| Leasing and similar rights | 25 | €28,109 | €20,061 | -€8,048 | -28.6% |
| Current assets | 29/58 | €67,115 | €40,362 | -€26,753 | -39.9% |
| Stocks and contracts in progress | 3 | €19,928 | €20,261 | +€332 | +1.7% |
| Stocks | 30/36 | €19,928 | €20,261 | +€332 | +1.7% |
| Amounts receivable within one year | 40/41 | €20,940 | €15,065 | -€5,875 | -28.1% |
| Trade receivables | 40 | €20,914 | €13,911 | -€7,003 | -33.5% |
| Other amounts receivable | 41 | €25 | €1,154 | +€1,129 | +4,428% |
| Cash at bank and in hand | 54/58 | €25,134 | €3,409 | -€21,725 | -86.4% |
| Deferred charges and accrued income | 490/1 | €1,113 | €1,627 | +€514 | +46.2% |
| Total equity and liabilities | 10/49 | €297,376 | €220,669 | -€76,707 | -25.8% |
| Equity | 10/15 | -€6,023 | -€64,337 | -€58,314 | -968% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €9,133 | €9,133 | = | 0.0% |
| Distributable reserves | 133 | €9,133 | €9,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,157 | -€75,471 | -€58,314 | -340% |
| Amounts payable | 17/49 | €303,399 | €285,006 | -€18,394 | -6.1% |
| Amounts payable after more than one year | 17 | €267,302 | €250,706 | -€16,596 | -6.2% |
| Financial debts | 170/4 | €127,720 | €102,227 | -€25,492 | -20.0% |
| Other amounts payable | 178/9 | €139,582 | €148,479 | +€8,896 | +6.4% |
| Amounts payable within one year | 42/48 | €36,097 | €34,300 | -€1,798 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €25,583 | €26,953 | +€1,370 | +5.4% |
| Trade debts | 44 | €6,304 | €5,495 | -€809 | -12.8% |
| Suppliers | 440/4 | €6,304 | €5,495 | -€809 | -12.8% |
| Taxes, remuneration and social security | 45 | €4,211 | €1,852 | -€2,359 | -56.0% |
| Taxes | 450/3 | €1,228 | €533 | -€695 | -56.6% |
| Remuneration and social security | 454/9 | €2,983 | €1,318 | -€1,665 | -55.8% |
| Non-recurring operating income | 76A | €4,988 | - | -€4,988 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,983 | €60,060 | +€6,077 | +11.3% |
| Other operating charges | 640/8 | €5,099 | €5,730 | +€631 | +12.4% |
| Non-recurring operating charges | 66A | - | €901 | +€901 | |
| Gross operating margin | 9900 | €48,336 | €15,963 | -€32,374 | -67.0% |
| Operating profit (loss) | 9901 | -€10,746 | -€50,728 | -€39,982 | -372% |
| Financial income | 75/76B | €11 | €3 | -€7 | -68.3% |
| Recurring financial income | 75 | €11 | €3 | -€7 | -68.3% |
| Financial charges | 65/66B | €6,421 | €7,589 | +€1,168 | +18.2% |
| Recurring financial charges | 65 | €6,421 | €7,589 | +€1,168 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,157 | -€58,314 | -€41,157 | -240% |
| Profit (loss) for the period | 9904 | -€17,157 | -€58,314 | -€41,157 | -240% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,157 | -€58,314 | -€41,157 | -240% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.