LAGIF: 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.
LAGIF
Largest movements
- Receivables within one year +€37,698
up €37,698 (+32.7%), from €115,447 to €153,145
- Tangible fixed assets -€20,335
down €20,335 (-21.9%), from €92,655 to €72,320
of which Land and buildings: -€11,114
- Intangible fixed assets -€10,000
down €10,000 (-7.1%), from €141,667 to €131,667
- Stocks and contracts -€4,386
down €4,386 (-18.4%), from €23,846 to €19,460
- Tax, wage and social debts +€55,746
up €55,746 (+85.0%), from €65,608 to €121,354
of which Taxes: +€39,966
- Debts after one year -€27,236
down €27,236 (-40.1%), from €67,894 to €40,659
- Trade debts -€26,738
down €26,738 (-15.8%), from €169,287 to €142,549
- Profit (loss) carried forward +€9,484
up €9,484 (+18.8%), from -€50,435 to -€40,952
- Current portion of long-term debt -€7,768
down €7,768 (-6.0%), from €130,004 to €122,236
- Staff costs +€11,857
up €11,857 (+4.2%), from €284,915 to €296,772
- Gross operating margin +€11,199
up €11,199 (+3.3%), from €337,258 to €348,457
- Other operating charges +€6,803
up €6,803 (+183%), from €3,708 to €10,511
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.
Derived cash bridge
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 | €400,959 | €404,446 | +€3,488 | +0.9% |
| Fixed assets | 21/28 | €248,822 | €218,486 | -€30,335 | -12.2% |
| Intangible fixed assets | 21 | €141,667 | €131,667 | -€10,000 | -7.1% |
| Tangible fixed assets | 22/27 | €92,655 | €72,320 | -€20,335 | -21.9% |
| Land and buildings | 22 | €57,517 | €46,404 | -€11,114 | -19.3% |
| Plant, machinery and equipment | 23 | €18,612 | €12,314 | -€6,298 | -33.8% |
| Furniture and vehicles | 24 | €16,526 | €13,602 | -€2,924 | -17.7% |
| Financial fixed assets | 28 | €14,500 | €14,500 | = | 0.0% |
| Current assets | 29/58 | €152,137 | €185,960 | +€33,823 | +22.2% |
| Stocks and contracts in progress | 3 | €23,846 | €19,460 | -€4,386 | -18.4% |
| Stocks | 30/36 | €23,846 | €19,460 | -€4,386 | -18.4% |
| Amounts receivable within one year | 40/41 | €115,447 | €153,145 | +€37,698 | +32.7% |
| Trade receivables | 40 | €115,447 | €153,145 | +€37,698 | +32.7% |
| Cash at bank and in hand | 54/58 | €10,726 | €13,355 | +€2,628 | +24.5% |
| Deferred charges and accrued income | 490/1 | €2,118 | €0 | -€2,118 | -100% |
| Total equity and liabilities | 10/49 | €400,959 | €404,446 | +€3,488 | +0.9% |
| Equity | 10/15 | -€31,835 | -€22,352 | +€9,484 | +29.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,435 | -€40,952 | +€9,484 | +18.8% |
| Amounts payable | 17/49 | €432,794 | €426,798 | -€5,996 | -1.4% |
| Amounts payable after more than one year | 17 | €67,894 | €40,659 | -€27,236 | -40.1% |
| Financial debts | 170/4 | €67,894 | €40,659 | -€27,236 | -40.1% |
| Amounts payable within one year | 42/48 | €364,900 | €386,139 | +€21,240 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €130,004 | €122,236 | -€7,768 | -6.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €169,287 | €142,549 | -€26,738 | -15.8% |
| Suppliers | 440/4 | €169,287 | €142,549 | -€26,738 | -15.8% |
| Taxes, remuneration and social security | 45 | €65,608 | €121,354 | +€55,746 | +85.0% |
| Taxes | 450/3 | €17,780 | €57,746 | +€39,966 | +225% |
| Remuneration and social security | 454/9 | €47,828 | €63,608 | +€15,780 | +33.0% |
| Remuneration, social security and pensions | 62 | €284,915 | €296,772 | +€11,857 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,636 | €30,335 | -€300 | -1.0% |
| Other operating charges | 640/8 | €3,708 | €10,511 | +€6,803 | +183% |
| Gross operating margin | 9900 | €337,258 | €348,457 | +€11,199 | +3.3% |
| Operating profit (loss) | 9901 | €17,999 | €10,839 | -€7,160 | -39.8% |
| Financial income | 75/76B | €7,338 | €6,719 | -€619 | -8.4% |
| Recurring financial income | 75 | €7,338 | €6,719 | -€619 | -8.4% |
| Financial charges | 65/66B | €8,184 | €7,866 | -€318 | -3.9% |
| Recurring financial charges | 65 | €8,184 | €7,866 | -€318 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €17,152 | €9,691 | -€7,461 | -43.5% |
| Income taxes | 67/77 | €227 | €208 | -€19 | -8.5% |
| Profit (loss) for the period | 9904 | €16,925 | €9,484 | -€7,442 | -44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,925 | €9,484 | -€7,442 | -44.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.