LAGNEAU: what changed
What changed
LAGNEAU
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€17,415
2024 · -€44,614+€62,029
Equity
€151,499
2024 · €134,084+€17,415
Cash
€26,033
2024 · €17,420+€8,613
Balance sheet total
€204,436
2024 · €209,786-€5,350
Largest movements
Assets
- Tangible fixed assets -€20,357
down €20,357 (-30.6%), from €66,509 to €46,152
of which Furniture and vehicles: -€12,749
- Receivables within one year +€13,751
up €13,751 (+29.6%), from €46,487 to €60,238
of which Other amounts receivable: +€11,263
- Cash +€8,613
up €8,613 (+49.4%), from €17,420 to €26,033
mainly Depreciation (+€20,357) and Net result for the year (+€17,415)
- Deferred charges and accrued income -€7,336
down €7,336 (-28.5%), from €25,763 to €18,427
Equity and liabilities
- Profit (loss) carried forward +€17,415
up €17,415 (+29.3%), from -€59,526 to -€42,111
- Debts after one year -€12,254
down €12,254 (-30.5%), from €40,165 to €27,911
- Trade debts -€5,884
down €5,884 (-35.2%), from €16,712 to €10,828
- Current portion of long-term debt -€4,213
down €4,213 (-25.6%), from €16,468 to €12,254
Income statement
- Gross operating margin +€49,633
up €49,633 (+54.4%), from €91,273 to €140,906
- Staff costs -€14,007
down €14,007 (-12.6%), from €111,250 to €97,243
- Other operating charges +€2,988
up €2,988 (+138%), from €2,167 to €5,155
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
-€44,614
Gross operating margin
+€49,633
Staff costs
+€14,007
Depreciation
+€1,376
Other operating charges
-€2,988
Financial income
-€1,066
Financial charges
+€1,076
Taxes
-€10
Result 2025
€17,415
raises the resultlowers the result
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
+€25,060
Investment
+€20
Financing
-€16,468
Cash 2024
€17,420
From operations (derived)
+€25,060
Net result for the year
+€17,415
Depreciation
+€20,357
Receivables within one year
-€13,751
Deferred charges and accrued income
+€7,336
Trade debts
-€5,884
Tax, wage and social debts
-€414
Investment (derived)
+€20
Current investments
+€20
Financing
-€16,468
Debts after one year
-€12,254
Current portion of long-term debt
-€4,213
Cash 2025
€26,033
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,786 | €204,436 | -€5,350 | -2.6% |
| Fixed assets | 21/28 | €66,863 | €46,506 | -€20,357 | -30.4% |
| Tangible fixed assets | 22/27 | €66,509 | €46,152 | -€20,357 | -30.6% |
| Land and buildings | 22 | €22,984 | €15,953 | -€7,032 | -30.6% |
| Plant, machinery and equipment | 23 | €1,694 | €1,117 | -€577 | -34.0% |
| Furniture and vehicles | 24 | €41,831 | €29,082 | -€12,749 | -30.5% |
| Financial fixed assets | 28 | €354 | €354 | = | 0.0% |
| Current assets | 29/58 | €142,923 | €157,930 | +€15,007 | +10.5% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,487 | €60,238 | +€13,751 | +29.6% |
| Trade receivables | 40 | €7,933 | €10,421 | +€2,488 | +31.4% |
| Other amounts receivable | 41 | €38,554 | €49,817 | +€11,263 | +29.2% |
| Current investments | 50/53 | €50,253 | €50,232 | -€20 | 0.0% |
| Cash at bank and in hand | 54/58 | €17,420 | €26,033 | +€8,613 | +49.4% |
| Deferred charges and accrued income | 490/1 | €25,763 | €18,427 | -€7,336 | -28.5% |
| Total equity and liabilities | 10/49 | €209,786 | €204,436 | -€5,350 | -2.6% |
| Equity | 10/15 | €134,084 | €151,499 | +€17,415 | +13.0% |
| Contributions | 10/11 | €74,500 | €74,500 | = | 0.0% |
| Reserves | 13 | €119,110 | €119,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,686 | €9,686 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,450 | €7,450 | = | 0.0% |
| Other | 1319 | €2,236 | €2,236 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,424 | €18,424 | = | 0.0% |
| Distributable reserves | 133 | €91,000 | €91,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,526 | -€42,111 | +€17,415 | +29.3% |
| Amounts payable | 17/49 | €75,702 | €52,937 | -€22,765 | -30.1% |
| Amounts payable after more than one year | 17 | €40,165 | €27,911 | -€12,254 | -30.5% |
| Financial debts | 170/4 | €40,165 | €27,911 | -€12,254 | -30.5% |
| Amounts payable within one year | 42/48 | €35,537 | €25,026 | -€10,511 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €16,468 | €12,254 | -€4,213 | -25.6% |
| Trade debts | 44 | €16,712 | €10,828 | -€5,884 | -35.2% |
| Suppliers | 440/4 | €16,712 | €10,828 | -€5,884 | -35.2% |
| Taxes, remuneration and social security | 45 | €1,308 | €894 | -€414 | -31.7% |
| Taxes | 450/3 | €126 | €244 | +€118 | +94.1% |
| Remuneration and social security | 454/9 | €1,182 | €649 | -€532 | -45.0% |
| Other amounts payable | 47/48 | €1,050 | €1,050 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €111,250 | €97,243 | -€14,007 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,733 | €20,357 | -€1,376 | -6.3% |
| Other operating charges | 640/8 | €2,167 | €5,155 | +€2,988 | +138% |
| Gross operating margin | 9900 | €91,273 | €140,906 | +€49,633 | +54.4% |
| Operating profit (loss) | 9901 | -€43,878 | €18,151 | +€62,029 | |
| Financial income | 75/76B | €2,553 | €1,488 | -€1,066 | -41.7% |
| Recurring financial income | 75 | €2,553 | €1,488 | -€1,066 | -41.7% |
| Financial charges | 65/66B | €3,055 | €1,979 | -€1,076 | -35.2% |
| Recurring financial charges | 65 | €3,055 | €1,979 | -€1,076 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | -€44,380 | €17,659 | +€62,039 | |
| Income taxes | 67/77 | €234 | €244 | +€10 | +4.3% |
| Profit (loss) for the period | 9904 | -€44,614 | €17,415 | +€62,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,614 | €17,415 | +€62,029 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.