LAGOON: 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.
LAGOON
Largest movements
- Receivables within one year +€198,338
up €198,338 (+15.7%), from €1.3m to €1.5m
of which Other amounts receivable: +€198,134
- Other debts +€186,760
up €186,760 (+416%), from €44,874 to €231,634
- Trade debts -€34,596
down €34,596 (-4.2%), from €815,351 to €780,756
- Reserves +€33,936
up €33,936 (+11.4%), from €296,461 to €330,397
- Gross operating margin +€35,026
up €35,026 (+286%), from €12,262 to €47,288
- Taxes +€12,267
up €12,267 (+14,210%), from €86 to €12,353
- Other operating charges -€929
down €929 (-48.2%), from €1,928 to €998
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 | €1,262,548 | €1,461,002 | +€198,454 | +15.7% |
| Current assets | 29/58 | €1,262,548 | €1,461,002 | +€198,454 | +15.7% |
| Amounts receivable within one year | 40/41 | €1,260,518 | €1,458,856 | +€198,338 | +15.7% |
| Trade receivables | 40 | €22,862 | €23,066 | +€204 | +0.9% |
| Other amounts receivable | 41 | €1,237,657 | €1,435,791 | +€198,134 | +16.0% |
| Cash at bank and in hand | 54/58 | €2,030 | €2,146 | +€116 | +5.7% |
| Total equity and liabilities | 10/49 | €1,262,548 | €1,461,002 | +€198,454 | +15.7% |
| Equity | 10/15 | €352,237 | €386,173 | +€33,936 | +9.6% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Contributions outside capital | 11 | €55,776 | €55,776 | = | 0.0% |
| Other | 1109/19 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €296,461 | €330,397 | +€33,936 | +11.4% |
| Distributable reserves | 133 | €296,461 | €330,397 | +€33,936 | +11.4% |
| Amounts payable | 17/49 | €910,311 | €1,074,829 | +€164,518 | +18.1% |
| Amounts payable within one year | 42/48 | €860,311 | €1,024,829 | +€164,518 | +19.1% |
| Trade debts | 44 | €815,351 | €780,756 | -€34,596 | -4.2% |
| Suppliers | 440/4 | €815,351 | €780,756 | -€34,596 | -4.2% |
| Taxes, remuneration and social security | 45 | €86 | €12,440 | +€12,353 | +14,310% |
| Taxes | 450/3 | €86 | €12,440 | +€12,353 | +14,310% |
| Other amounts payable | 47/48 | €44,874 | €231,634 | +€186,760 | +416% |
| Accrued charges and deferred income | 492/3 | €50,000 | €50,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,928 | €998 | -€929 | -48.2% |
| Gross operating margin | 9900 | €12,262 | €47,288 | +€35,026 | +286% |
| Operating profit (loss) | 9901 | €10,334 | €46,289 | +€35,956 | +348% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Profit (loss) for the period before taxes | 9903 | €10,335 | €46,289 | +€35,955 | +348% |
| Income taxes | 67/77 | €86 | €12,353 | +€12,267 | +14,210% |
| Profit (loss) for the period | 9904 | €10,248 | €33,936 | +€23,687 | +231% |
| Profit (loss) for the period to be appropriated | 9905 | €10,248 | €33,936 | +€23,687 | +231% |
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 22 October 2026 via checked.be.