LAGGA: 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.
LAGGA
Largest movements
- Tangible fixed assets +€12,066
up €12,066 (+2.5%), from €477,787 to €489,853
of which Other tangible fixed assets: +€12,156
- Receivables within one year -€9,892
down €9,892 (-37.5%), from €26,410 to €16,518
of which Trade receivables: -€9,892
- Profit (loss) carried forward +€91,903
up €91,903 (+82.1%), from €112,000 to €203,904
- Other debts -€81,012
down €81,012 (-41.1%), from €197,093 to €116,081
- Tax, wage and social debts +€25,123
up €25,123 (+76.6%), from €32,805 to €57,928
- Debts after one year -€20,367
down €20,367 (-17.1%), from €119,456 to €99,088
- Trade debts -€8,525
down €8,525 (-85.8%), from €9,936 to €1,411
- Gross operating margin +€3,462
up €3,462 (+2.6%), from €135,382 to €138,843
- Depreciation +€2,938
up €2,938 (+39.5%), from €7,434 to €10,372
- Other operating charges -€2,555
down €2,555 (-50.8%), from €5,033 to €2,478
- Financial charges -€1,754
down €1,754 (-18.1%), from €9,669 to €7,916
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 | €505,134 | €508,780 | +€3,646 | +0.7% |
| Fixed assets | 21/28 | €477,787 | €489,853 | +€12,066 | +2.5% |
| Tangible fixed assets | 22/27 | €477,787 | €489,853 | +€12,066 | +2.5% |
| Land and buildings | 22 | €449,268 | €449,178 | -€90 | 0.0% |
| Other tangible fixed assets | 26 | €28,519 | €40,675 | +€12,156 | +42.6% |
| Current assets | 29/58 | €27,347 | €18,926 | -€8,420 | -30.8% |
| Amounts receivable within one year | 40/41 | €26,410 | €16,518 | -€9,892 | -37.5% |
| Trade receivables | 40 | €26,000 | €16,108 | -€9,892 | -38.0% |
| Other amounts receivable | 41 | €410 | €410 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €937 | €1,394 | +€458 | +48.9% |
| Deferred charges and accrued income | 490/1 | - | €1,014 | +€1,014 | |
| Total equity and liabilities | 10/49 | €505,134 | €508,780 | +€3,646 | +0.7% |
| Equity | 10/15 | €122,000 | €213,904 | +€91,903 | +75.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,000 | €203,904 | +€91,903 | +82.1% |
| Amounts payable | 17/49 | €383,133 | €294,876 | -€88,257 | -23.0% |
| Amounts payable after more than one year | 17 | €119,456 | €99,088 | -€20,367 | -17.1% |
| Financial debts | 170/4 | €119,456 | €99,088 | -€20,367 | -17.1% |
| Amounts payable within one year | 42/48 | €256,773 | €195,788 | -€60,986 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €16,939 | €20,367 | +€3,428 | +20.2% |
| Trade debts | 44 | €9,936 | €1,411 | -€8,525 | -85.8% |
| Suppliers | 440/4 | €9,936 | €1,411 | -€8,525 | -85.8% |
| Taxes, remuneration and social security | 45 | €32,805 | €57,928 | +€25,123 | +76.6% |
| Taxes | 450/3 | €32,805 | €57,928 | +€25,123 | +76.6% |
| Other amounts payable | 47/48 | €197,093 | €116,081 | -€81,012 | -41.1% |
| Accrued charges and deferred income | 492/3 | €6,904 | - | -€6,904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,434 | €10,372 | +€2,938 | +39.5% |
| Other operating charges | 640/8 | €5,033 | €2,478 | -€2,555 | -50.8% |
| Gross operating margin | 9900 | €135,382 | €138,843 | +€3,462 | +2.6% |
| Operating profit (loss) | 9901 | €122,915 | €125,993 | +€3,078 | +2.5% |
| Financial charges | 65/66B | €9,669 | €7,916 | -€1,754 | -18.1% |
| Recurring financial charges | 65 | €9,669 | €7,916 | -€1,754 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €113,246 | €118,078 | +€4,832 | +4.3% |
| Income taxes | 67/77 | €26,522 | €26,175 | -€347 | -1.3% |
| Profit (loss) for the period | 9904 | €86,724 | €91,903 | +€5,179 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €86,724 | €91,903 | +€5,179 | +6.0% |
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 6 October 2026 via checked.be.