LAGOM: 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.
LAGOM
Largest movements
- Tangible fixed assets -€226,826
down €226,826 (-6.1%), from €3.7m to €3.5m
of which Land and buildings: -€217,328
- Receivables within one year -€178,749
down €178,749 (-100.0%), from €178,749 to €0
of which Trade receivables: -€104,308
- Cash +€130,587
up €130,587 (+131.8%), from €99,107 to €229,694
- Debts after one year -€1.7m
down €1.7m (-40.7%), from €4.1m to €2.4m
- Contributions +€1.3m
up €1.3m (+6572.3%), from €20,000 to €1.3m
- Profit (loss) carried forward +€126,893
up €126,893 (+30.3%), from -€418,679 to -€291,786
- Gross operating margin +€201,522
up €201,522 (+54.4%), from €370,457 to €571,979
- Depreciation +€111,129
up €111,129 (+53.5%), from €207,756 to €318,885
- Other operating charges +€23,004
up €23,004 (+108.2%), from €21,270 to €44,274
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,013,624 | €3,736,513 | -€277,112 | -6.9% |
| Fixed assets | 21/28 | €3,733,645 | €3,506,818 | -€226,826 | -6.1% |
| Tangible fixed assets | 22/27 | €3,733,645 | €3,506,818 | -€226,826 | -6.1% |
| Land and buildings | 22 | €3,698,818 | €3,481,490 | -€217,328 | -5.9% |
| Plant, machinery and equipment | 23 | €34,826 | €25,328 | -€9,498 | -27.3% |
| Current assets | 29/58 | €279,980 | €229,694 | -€50,286 | -18.0% |
| Amounts receivable within one year | 40/41 | €178,749 | €0 | -€178,749 | -100.0% |
| Trade receivables | 40 | €104,308 | €0 | -€104,308 | -100.0% |
| Other amounts receivable | 41 | €74,441 | €0 | -€74,441 | -100.0% |
| Cash at bank and in hand | 54/58 | €99,107 | €229,694 | +€130,587 | +131.8% |
| Deferred charges and accrued income | 490/1 | €2,124 | €0 | -€2,124 | -100.0% |
| Total equity and liabilities | 10/49 | €4,013,624 | €3,736,513 | -€277,112 | -6.9% |
| Equity | 10/15 | -€396,679 | €1,044,664 | +€1.4m | |
| Contributions | 10/11 | €20,000 | €1,334,450 | +€1.3m | +6572.3% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€418,679 | -€291,786 | +€126,893 | +30.3% |
| Amounts payable | 17/49 | €4,410,303 | €2,691,848 | -€1.7m | -39.0% |
| Amounts payable after more than one year | 17 | €4,122,872 | €2,446,841 | -€1.7m | -40.7% |
| Financial debts | 170/4 | €4,122,872 | €2,446,841 | -€1.7m | -40.7% |
| Amounts payable within one year | 42/48 | €287,432 | €245,007 | -€42,425 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €254,758 | €241,587 | -€13,171 | -5.2% |
| Trade debts | 44 | €10,000 | €3,025 | -€6,975 | -69.8% |
| Suppliers | 440/4 | €10,000 | €3,025 | -€6,975 | -69.8% |
| Taxes, remuneration and social security | 45 | €22,673 | €0 | -€22,673 | -100.0% |
| Taxes | 450/3 | €20,173 | €0 | -€20,173 | -100.0% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | - | €395 | +€395 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207,756 | €318,885 | +€111,129 | +53.5% |
| Other operating charges | 640/8 | €21,270 | €44,274 | +€23,004 | +108.2% |
| Gross operating margin | 9900 | €370,457 | €571,979 | +€201,522 | +54.4% |
| Operating profit (loss) | 9901 | €141,431 | €208,820 | +€67,389 | +47.6% |
| Financial income | 75/76B | €1,365 | €0 | -€1,365 | -100.0% |
| Recurring financial income | 75 | €1,365 | €0 | -€1,365 | -100.0% |
| Financial charges | 65/66B | €87,409 | €81,927 | -€5,482 | -6.3% |
| Recurring financial charges | 65 | €87,409 | €81,927 | -€5,482 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €55,387 | €126,893 | +€71,506 | +129.1% |
| Profit (loss) for the period | 9904 | €55,387 | €126,893 | +€71,506 | +129.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,387 | €126,893 | +€71,506 | +129.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.