laGeste: 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.
laGeste
Largest movements
- Receivables within one year +€296,597
up €296,597 (+166.6%), from €178,061 to €474,658
of which Other amounts receivable: +€208,941
- Deferred charges and accrued income -€111,334
down €111,334 (-93.9%), from €118,612 to €7,278
- Intangible fixed assets +€82,559
up €82,559 (+48.1%), from €171,482 to €254,042
- Cash +€79,774
up €79,774 (+112.8%), from €70,706 to €150,480
mainly Depreciation (+€291,925) and Deferred charges and accrued income (+€111,334)
- Financial fixed assets -€65,613
down €65,613 (-99.3%), from €66,080 to €467
- Investment grants +€109,256
up €109,256 (+126.0%), from €86,681 to €195,938
- Accrued charges and deferred income +€60,425
up €60,425 (+45.7%), from €132,170 to €192,595
- Provisions +€36,419
up €36,419 (+126.0%), from €28,894 to €65,313
- Tax, wage and social debts +€34,727
up €34,727 (+31.6%), from €110,011 to €144,738
of which Remuneration and social security: +€17,731
- Short-term financial debts +€20,375
new in 2025: €20,375
- Depreciation +€100,205
up €100,205 (+52.3%), from €191,720 to €291,925
- Staff costs -€39,921
down €39,921 (-4.6%), from €866,059 to €826,139
- Write-downs -€35,164
down €35,164, from €9,562 to -€25,602
- Financial income +€30,279
up €30,279 (+17.3%), from €174,982 to €205,261
- Financial charges +€11,174
up €11,174 (+40.0%), from €27,954 to €39,129
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 | €618,552 | €898,054 | +€279,502 | +45.2% |
| Fixed assets | 21/28 | €250,924 | €265,388 | +€14,464 | +5.8% |
| Intangible fixed assets | 21 | €171,482 | €254,042 | +€82,559 | +48.1% |
| Tangible fixed assets | 22/27 | €13,361 | €10,880 | -€2,482 | -18.6% |
| Plant, machinery and equipment | 23 | €20 | €2,301 | +€2,280 | +11128.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €13,341 | €8,579 | -€4,762 | -35.7% |
| Financial fixed assets | 28 | €66,080 | €467 | -€65,613 | -99.3% |
| Current assets | 29/58 | €367,628 | €632,666 | +€265,037 | +72.1% |
| Amounts receivable within one year | 40/41 | €178,061 | €474,658 | +€296,597 | +166.6% |
| Trade receivables | 40 | €111,494 | €199,151 | +€87,656 | +78.6% |
| Other amounts receivable | 41 | €66,567 | €275,508 | +€208,941 | +313.9% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,706 | €150,480 | +€79,774 | +112.8% |
| Deferred charges and accrued income | 490/1 | €118,612 | €7,278 | -€111,334 | -93.9% |
| Total equity and liabilities | 10/49 | €618,552 | €898,054 | +€279,502 | +45.2% |
| Equity | 10/15 | €250,055 | €365,103 | +€115,047 | +46.0% |
| Contributions | 10/11 | -€87,425 | -€87,425 | = | 0.0% |
| Capital | 10 | -€87,425 | -€87,425 | = | 0.0% |
| Reserves | 13 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,799 | €56,590 | +€5,791 | +11.4% |
| Investment grants | 15 | €86,681 | €195,938 | +€109,256 | +126.0% |
| Provisions and deferred taxes | 16 | €28,894 | €65,313 | +€36,419 | +126.0% |
| Deferred taxes | 168 | €28,894 | €65,313 | +€36,419 | +126.0% |
| Amounts payable | 17/49 | €339,603 | €467,639 | +€128,036 | +37.7% |
| Amounts payable within one year | 42/48 | €207,433 | €275,045 | +€67,611 | +32.6% |
| Financial debts | 43 | - | €20,375 | +€20,375 | |
| Credit institutions | 430/8 | - | €20,375 | +€20,375 | |
| Trade debts | 44 | €97,422 | €109,931 | +€12,509 | +12.8% |
| Suppliers | 440/4 | €97,422 | €109,931 | +€12,509 | +12.8% |
| Taxes, remuneration and social security | 45 | €110,011 | €144,738 | +€34,727 | +31.6% |
| Taxes | 450/3 | €32,649 | €49,645 | +€16,995 | +52.1% |
| Remuneration and social security | 454/9 | €77,362 | €95,094 | +€17,731 | +22.9% |
| Accrued charges and deferred income | 492/3 | €132,170 | €192,595 | +€60,425 | +45.7% |
| Non-recurring operating income | 76A | €11,222 | €0 | -€11,222 | -100.0% |
| Remuneration, social security and pensions | 62 | €866,059 | €826,139 | -€39,921 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,720 | €291,925 | +€100,205 | +52.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,562 | -€25,602 | -€35,164 | |
| Other operating charges | 640/8 | €12,120 | €5,143 | -€6,977 | -57.6% |
| Non-recurring operating charges | 66A | €784 | €427 | -€357 | -45.5% |
| Gross operating margin | 9900 | €936,266 | €942,250 | +€5,985 | +0.6% |
| Operating profit (loss) | 9901 | -€143,980 | -€155,782 | -€11,802 | -8.2% |
| Financial income | 75/76B | €174,982 | €205,261 | +€30,279 | +17.3% |
| Recurring financial income | 75 | €174,982 | €205,261 | +€30,279 | +17.3% |
| Financial charges | 65/66B | €27,954 | €39,129 | +€11,174 | +40.0% |
| Recurring financial charges | 65 | €27,954 | €39,129 | +€11,174 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €3,048 | €10,351 | +€7,303 | +239.6% |
| Income taxes | 67/77 | €674 | €4,560 | +€3,886 | +576.5% |
| Profit (loss) for the period | 9904 | €2,373 | €5,791 | +€3,418 | +144.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,373 | €5,791 | +€3,418 | +144.0% |
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 5 October 2026 via checked.be.