Lagom Projects: what changed
Two fiscal 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 Projects
Largest movements
- Receivables within one year +€42,833
up €42,833 (+17.8%), from €240,423 to €283,256
of which Other amounts receivable: +€48,887
- Cash -€34,762
down €34,762 (-28.0%), from €124,108 to €89,347
mainly Contributions, distributions and other (-€62,230) and Receivables within one year (-€42,833)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€10,345
up €10,345 (+15.2%), from €68,035 to €78,379
- Financial income +€1,813
up €1,813 (+2.3%), from €79,078 to €80,891
- Financial charges +€1,750
up €1,750 (+4.9%), from €35,446 to €37,196
- Taxes +€1,385
up €1,385 (+4.4%), from €31,471 to €32,856
- Other operating charges +€949
up €949 (+158.9%), from €597 to €1,545
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
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 | €3,014,674 | €3,020,012 | +€5,338 | +0.2% |
| Fixed assets | 21/28 | €1,328,944 | €1,324,398 | -€4,546 | -0.3% |
| Tangible fixed assets | 22/27 | €8,944 | €4,398 | -€4,546 | -50.8% |
| Plant, machinery and equipment | 23 | €761 | €0 | -€761 | -100.0% |
| Furniture and vehicles | 24 | €8,183 | €4,398 | -€3,785 | -46.3% |
| Financial fixed assets | 28 | €1,320,000 | €1,320,000 | = | 0.0% |
| Current assets | 29/58 | €1,685,730 | €1,695,613 | +€9,884 | +0.6% |
| Amounts receivable after more than one year | 29 | €1,320,000 | €1,320,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,320,000 | €1,320,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €240,423 | €283,256 | +€42,833 | +17.8% |
| Trade receivables | 40 | €34,117 | €28,062 | -€6,055 | -17.7% |
| Other amounts receivable | 41 | €206,306 | €255,193 | +€48,887 | +23.7% |
| Cash at bank and in hand | 54/58 | €124,108 | €89,347 | -€34,762 | -28.0% |
| Deferred charges and accrued income | 490/1 | €1,198 | €3,011 | +€1,813 | +151.2% |
| Total equity and liabilities | 10/49 | €3,014,674 | €3,020,012 | +€5,338 | +0.2% |
| Equity | 10/15 | €918,844 | €939,741 | +€20,897 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €900,244 | €921,141 | +€20,897 | +2.3% |
| Distributable reserves | 133 | €900,244 | €921,141 | +€20,897 | +2.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,095,830 | €2,080,270 | -€15,560 | -0.7% |
| Amounts payable after more than one year | 17 | €1,970,000 | €1,970,000 | = | 0.0% |
| Financial debts | 170/4 | €1,970,000 | €1,970,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €109,936 | €110,270 | +€334 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €6,830 | €6,743 | -€88 | -1.3% |
| Trade debts | 44 | €4,730 | €10,721 | +€5,991 | +126.7% |
| Suppliers | 440/4 | €4,730 | €10,721 | +€5,991 | +126.7% |
| Taxes, remuneration and social security | 45 | €40,035 | €48,721 | +€8,686 | +21.7% |
| Taxes | 450/3 | €37,701 | €46,387 | +€8,686 | +23.0% |
| Remuneration and social security | 454/9 | €2,334 | €2,334 | = | 0.0% |
| Other amounts payable | 47/48 | €58,341 | €44,085 | -€14,256 | -24.4% |
| Accrued charges and deferred income | 492/3 | €15,894 | €0 | -€15,894 | -100.0% |
| Non-recurring operating income | 76A | - | €8,408 | +€8,408 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,028 | €4,546 | -€482 | -9.6% |
| Other operating charges | 640/8 | €597 | €1,545 | +€949 | +158.9% |
| Gross operating margin | 9900 | €68,035 | €78,379 | +€10,345 | +15.2% |
| Operating profit (loss) | 9901 | €62,410 | €72,288 | +€9,879 | +15.8% |
| Financial income | 75/76B | €79,078 | €80,891 | +€1,813 | +2.3% |
| Recurring financial income | 75 | €79,078 | €80,891 | +€1,813 | +2.3% |
| Financial charges | 65/66B | €35,446 | €37,196 | +€1,750 | +4.9% |
| Recurring financial charges | 65 | €35,446 | €37,196 | +€1,750 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €106,042 | €115,983 | +€9,942 | +9.4% |
| Income taxes | 67/77 | €31,471 | €32,856 | +€1,385 | +4.4% |
| Profit (loss) for the period | 9904 | €74,571 | €83,128 | +€8,557 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,571 | €83,128 | +€8,557 | +11.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.