Lagniau: 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.
Lagniau
Largest movements
- Tangible fixed assets +€90,084
up €90,084 (+242%), from €37,166 to €127,250
of which Furniture and vehicles: +€75,363
- Receivables within one year +€16,555
up €16,555 (+58.3%), from €28,411 to €44,966
of which Other amounts receivable: +€10,967
- Cash -€5,473
down €5,473 (-18.8%), from €29,068 to €23,595
mainly Investment in fixed assets (net) (-€119,301) and Receivables within one year (-€16,555)
- Debts after one year +€47,134
up €47,134 (+212%), from €22,183 to €69,317
- Reserves +€28,603
up €28,603 (+56.8%), from €50,366 to €78,969
- Current portion of long-term debt +€17,430
up €17,430 (+232%), from €7,517 to €24,947
- Trade debts +€10,667
up €10,667 (+149%), from €7,157 to €17,824
- Depreciation +€19,092
up €19,092 (+189%), from €10,125 to €29,217
- Taxes -€4,537
down €4,537 (-39.9%), from €11,372 to €6,834
- Financial charges +€2,205
up €2,205 (+89.3%), from €2,470 to €4,675
- Gross operating margin +€1,381
up €1,381 (+2.0%), from €68,605 to €69,986
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 | €94,762 | €197,072 | +€102,310 | +108% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €37,166 | €127,250 | +€90,084 | +242% |
| Tangible fixed assets | 22/27 | €37,166 | €127,250 | +€90,084 | +242% |
| Plant, machinery and equipment | 23 | €7,096 | €21,817 | +€14,721 | +207% |
| Furniture and vehicles | 24 | €30,070 | €105,432 | +€75,363 | +251% |
| Current assets | 29/58 | €57,597 | €69,822 | +€12,226 | +21.2% |
| Amounts receivable within one year | 40/41 | €28,411 | €44,966 | +€16,555 | +58.3% |
| Trade receivables | 40 | €22,449 | €28,038 | +€5,589 | +24.9% |
| Other amounts receivable | 41 | €5,962 | €16,928 | +€10,967 | +184% |
| Cash at bank and in hand | 54/58 | €29,068 | €23,595 | -€5,473 | -18.8% |
| Deferred charges and accrued income | 490/1 | €118 | €1,261 | +€1,143 | +968% |
| Total equity and liabilities | 10/49 | €94,762 | €197,072 | +€102,310 | +108% |
| Equity | 10/15 | €51,366 | €79,969 | +€28,603 | +55.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,366 | €78,969 | +€28,603 | +56.8% |
| Distributable reserves | 133 | €50,366 | €78,969 | +€28,603 | +56.8% |
| Amounts payable | 17/49 | €43,396 | €117,103 | +€73,707 | +170% |
| Amounts payable after more than one year | 17 | €22,183 | €69,317 | +€47,134 | +212% |
| Financial debts | 170/4 | €22,183 | €69,317 | +€47,134 | +212% |
| Amounts payable within one year | 42/48 | €21,213 | €47,786 | +€26,573 | +125% |
| Current portion of amounts payable after more than one year | 42 | €7,517 | €24,947 | +€17,430 | +232% |
| Trade debts | 44 | €7,157 | €17,824 | +€10,667 | +149% |
| Suppliers | 440/4 | €7,157 | €17,824 | +€10,667 | +149% |
| Taxes, remuneration and social security | 45 | €3,872 | €3,872 | = | 0.0% |
| Taxes | 450/3 | €3,872 | €3,872 | = | 0.0% |
| Other amounts payable | 47/48 | €2,667 | €1,143 | -€1,524 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,125 | €29,217 | +€19,092 | +189% |
| Other operating charges | 640/8 | €789 | €657 | -€132 | -16.8% |
| Gross operating margin | 9900 | €68,605 | €69,986 | +€1,381 | +2.0% |
| Operating profit (loss) | 9901 | €57,691 | €40,112 | -€17,579 | -30.5% |
| Financial charges | 65/66B | €2,470 | €4,675 | +€2,205 | +89.3% |
| Recurring financial charges | 65 | €2,470 | €4,675 | +€2,205 | +89.3% |
| Profit (loss) for the period before taxes | 9903 | €55,221 | €35,437 | -€19,784 | -35.8% |
| Income taxes | 67/77 | €11,372 | €6,834 | -€4,537 | -39.9% |
| Profit (loss) for the period | 9904 | €43,849 | €28,603 | -€15,246 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,849 | €28,603 | -€15,246 | -34.8% |
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 19 October 2026 via checked.be.