LAGOM Genk: 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 Genk
Largest movements
- Tangible fixed assets -€38,238
down €38,238 (-2.9%), from €1.3m to €1.3m
of which Land and buildings: -€32,275
- Cash +€19,245
up €19,245 (+161%), from €11,977 to €31,222
mainly Net result for the year (+€55,220) and Depreciation (+€51,008)
- Other debts -€171,144
down €171,144 (-100%), from €171,144 to €0
- Reserves +€55,220
up €55,220 (+37.9%), from €145,645 to €200,865
- Debts after one year +€46,699
up €46,699 (+5.1%), from €913,817 to €960,516
- Current portion of long-term debt +€44,885
up €44,885 (+62.6%), from €71,730 to €116,615
- Trade debts -€15,948
down €15,948 (-59.0%), from €27,010 to €11,062
- Financial income -€29,183
down €29,183 (-100.0%), from €29,183 to €0
of which Non-recurring financial income: -€29,110
- Taxes +€13,577
up €13,577 (+121%), from €11,188 to €24,765
- Gross operating margin +€3,420
up €3,420 (+2.2%), from €157,678 to €161,098
- Depreciation +€2,903
up €2,903 (+6.0%), from €48,105 to €51,008
- Financial charges +€1,915
up €1,915 (+8.4%), from €22,681 to €24,596
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 | €1,350,194 | €1,320,292 | -€29,902 | -2.2% |
| Fixed assets | 21/28 | €1,300,209 | €1,261,971 | -€38,238 | -2.9% |
| Tangible fixed assets | 22/27 | €1,300,209 | €1,261,971 | -€38,238 | -2.9% |
| Land and buildings | 22 | €1,118,265 | €1,085,990 | -€32,275 | -2.9% |
| Plant, machinery and equipment | 23 | €174,000 | €168,343 | -€5,657 | -3.3% |
| Furniture and vehicles | 24 | €7,944 | €7,638 | -€306 | -3.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €49,985 | €58,321 | +€8,336 | +16.7% |
| Amounts receivable within one year | 40/41 | €25,595 | €15,267 | -€10,328 | -40.4% |
| Trade receivables | 40 | €22,793 | €15,133 | -€7,660 | -33.6% |
| Other amounts receivable | 41 | €2,802 | €134 | -€2,668 | -95.2% |
| Cash at bank and in hand | 54/58 | €11,977 | €31,222 | +€19,245 | +161% |
| Deferred charges and accrued income | 490/1 | €12,413 | €11,832 | -€581 | -4.7% |
| Total equity and liabilities | 10/49 | €1,350,194 | €1,320,292 | -€29,902 | -2.2% |
| Equity | 10/15 | €147,145 | €202,365 | +€55,220 | +37.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €145,645 | €200,865 | +€55,220 | +37.9% |
| Distributable reserves | 133 | €145,645 | €200,865 | +€55,220 | +37.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,203,050 | €1,117,927 | -€85,122 | -7.1% |
| Amounts payable after more than one year | 17 | €913,817 | €960,516 | +€46,699 | +5.1% |
| Financial debts | 170/4 | €913,817 | €960,516 | +€46,699 | +5.1% |
| Amounts payable within one year | 42/48 | €281,913 | €151,229 | -€130,685 | -46.4% |
| Current portion of amounts payable after more than one year | 42 | €71,730 | €116,615 | +€44,885 | +62.6% |
| Trade debts | 44 | €27,010 | €11,062 | -€15,948 | -59.0% |
| Suppliers | 440/4 | €27,010 | €11,062 | -€15,948 | -59.0% |
| Taxes, remuneration and social security | 45 | €12,029 | €23,552 | +€11,522 | +95.8% |
| Taxes | 450/3 | €12,029 | €20,945 | +€8,915 | +74.1% |
| Remuneration and social security | 454/9 | - | €2,607 | +€2,607 | |
| Other amounts payable | 47/48 | €171,144 | €0 | -€171,144 | -100% |
| Accrued charges and deferred income | 492/3 | €7,319 | €6,183 | -€1,136 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,105 | €51,008 | +€2,903 | +6.0% |
| Other operating charges | 640/8 | €5,997 | €5,508 | -€489 | -8.1% |
| Gross operating margin | 9900 | €157,678 | €161,098 | +€3,420 | +2.2% |
| Operating profit (loss) | 9901 | €103,577 | €104,582 | +€1,005 | +1.0% |
| Financial income | 75/76B | €29,183 | €0 | -€29,183 | -100.0% |
| Recurring financial income | 75 | €73 | €0 | -€73 | -100.0% |
| Non-recurring financial income | 76B | €29,110 | €0 | -€29,110 | -100% |
| Financial charges | 65/66B | €22,681 | €24,596 | +€1,915 | +8.4% |
| Recurring financial charges | 65 | €22,681 | €24,596 | +€1,915 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €110,078 | €79,985 | -€30,093 | -27.3% |
| Income taxes | 67/77 | €11,188 | €24,765 | +€13,577 | +121% |
| Profit (loss) for the period | 9904 | €98,890 | €55,220 | -€43,670 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,890 | €55,220 | -€43,670 | -44.2% |
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 1 November 2026 via checked.be.