LAGOM CONSULT: 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 CONSULT
Largest movements
- Current investments -€130,395
no longer reported in 2025 (was €130,395)
- Receivables after one year +€40,000
up €40,000 (+33.6%), from €119,000 to €159,000
- Receivables within one year +€25,362
up €25,362 (+65.4%), from €38,767 to €64,130
of which Other amounts receivable: +€28,477
- Cash -€7,759
down €7,759 (-69.2%), from €11,209 to €3,450
mainly Other debts (-€112,488) and Receivables after one year (-€40,000)
- Other debts -€112,488
down €112,488 (-97.7%), from €115,097 to €2,609
- Reserves +€36,479
up €36,479 (+19.7%), from €184,811 to €221,290
- Tax, wage and social debts -€4,833
down €4,833 (-99.0%), from €4,883 to €50
- Accrued charges and deferred income +€4,000
new in 2025: €4,000
- Trade debts +€3,421
up €3,421 (+89.5%), from €3,823 to €7,244
- Gross operating margin -€35,986
down €35,986 (-21.9%), from €163,983 to €127,997
- Financial charges +€27,354
up €27,354 (+55.9%), from €48,936 to €76,290
- Taxes -€14,075
down €14,075 (-54.7%), from €25,735 to €11,661
- Depreciation -€3,122
down €3,122 (-25.9%), from €12,057 to €8,935
- Financial income +€2,264
up €2,264 (+31.8%), from €7,109 to €9,372
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 | €313,614 | €240,581 | -€73,033 | -23.3% |
| Fixed assets | 21/28 | €11,326 | €8,546 | -€2,780 | -24.5% |
| Tangible fixed assets | 22/27 | €11,326 | €8,546 | -€2,780 | -24.5% |
| Furniture and vehicles | 24 | €11,326 | €8,546 | -€2,780 | -24.5% |
| Current assets | 29/58 | €302,287 | €232,034 | -€70,253 | -23.2% |
| Amounts receivable after more than one year | 29 | €119,000 | €159,000 | +€40,000 | +33.6% |
| Other amounts receivable | 291 | €119,000 | €159,000 | +€40,000 | +33.6% |
| Amounts receivable within one year | 40/41 | €38,767 | €64,130 | +€25,362 | +65.4% |
| Trade receivables | 40 | €37,164 | €34,049 | -€3,115 | -8.4% |
| Other amounts receivable | 41 | €1,604 | €30,081 | +€28,477 | +1,776% |
| Current investments | 50/53 | €130,395 | - | -€130,395 | |
| Cash at bank and in hand | 54/58 | €11,209 | €3,450 | -€7,759 | -69.2% |
| Deferred charges and accrued income | 490/1 | €2,916 | €5,455 | +€2,539 | +87.1% |
| Total equity and liabilities | 10/49 | €313,614 | €240,581 | -€73,033 | -23.3% |
| Equity | 10/15 | €189,811 | €226,290 | +€36,479 | +19.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €184,811 | €221,290 | +€36,479 | +19.7% |
| Distributable reserves | 133 | €184,811 | €221,290 | +€36,479 | +19.7% |
| Amounts payable | 17/49 | €123,803 | €14,291 | -€109,512 | -88.5% |
| Amounts payable within one year | 42/48 | €123,803 | €10,291 | -€113,512 | -91.7% |
| Financial debts | 43 | - | €388 | +€388 | |
| Credit institutions | 430/8 | - | €388 | +€388 | |
| Trade debts | 44 | €3,823 | €7,244 | +€3,421 | +89.5% |
| Suppliers | 440/4 | €3,823 | €7,244 | +€3,421 | +89.5% |
| Taxes, remuneration and social security | 45 | €4,883 | €50 | -€4,833 | -99.0% |
| Taxes | 450/3 | €4,883 | €50 | -€4,833 | -99.0% |
| Other amounts payable | 47/48 | €115,097 | €2,609 | -€112,488 | -97.7% |
| Accrued charges and deferred income | 492/3 | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,057 | €8,935 | -€3,122 | -25.9% |
| Other operating charges | 640/8 | €403 | €2,205 | +€1,802 | +447% |
| Gross operating margin | 9900 | €163,983 | €127,997 | -€35,986 | -21.9% |
| Operating profit (loss) | 9901 | €151,523 | €116,857 | -€34,666 | -22.9% |
| Financial income | 75/76B | €7,109 | €9,372 | +€2,264 | +31.8% |
| Recurring financial income | 75 | €7,109 | €9,372 | +€2,264 | +31.8% |
| Financial charges | 65/66B | €48,936 | €76,290 | +€27,354 | +55.9% |
| Recurring financial charges | 65 | €48,936 | €76,290 | +€27,354 | +55.9% |
| Profit (loss) for the period before taxes | 9903 | €109,696 | €49,939 | -€59,756 | -54.5% |
| Income taxes | 67/77 | €25,735 | €11,661 | -€14,075 | -54.7% |
| Profit (loss) for the period | 9904 | €83,961 | €38,279 | -€45,682 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,961 | €38,279 | -€45,682 | -54.4% |
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 14 October 2026 via checked.be.