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
- Cash +€33,403
up €33,403 (+53.7%), from €62,172 to €95,575
mainly Net result for the year (+€45,894) and Other debts (+€16,000)
- Receivables within one year -€7,535
down €7,535 (-19.4%), from €38,929 to €31,394
of which Other amounts receivable: -€3,901
- Other debts +€16,000
up €16,000 (+55.2%), from €29,000 to €45,000
- Tax, wage and social debts +€11,159
up €11,159 (+118%), from €9,480 to €20,639
- Trade debts -€2,640
down €2,640 (-86.5%), from €3,051 to €410
- Gross operating margin +€10,521
up €10,521 (+20.5%), from €51,328 to €61,849
- Taxes +€2,830
up €2,830 (+24.3%), from €11,645 to €14,475
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 | €103,807 | €129,220 | +€25,413 | +24.5% |
| Fixed assets | 21/28 | €753 | €213 | -€540 | -71.7% |
| Tangible fixed assets | 22/27 | €711 | €172 | -€540 | -75.9% |
| Furniture and vehicles | 24 | €711 | €172 | -€540 | -75.9% |
| Financial fixed assets | 28 | €41 | €41 | = | 0.0% |
| Current assets | 29/58 | €103,055 | €129,007 | +€25,953 | +25.2% |
| Amounts receivable within one year | 40/41 | €38,929 | €31,394 | -€7,535 | -19.4% |
| Trade receivables | 40 | €32,285 | €28,651 | -€3,634 | -11.3% |
| Other amounts receivable | 41 | €6,643 | €2,743 | -€3,901 | -58.7% |
| Cash at bank and in hand | 54/58 | €62,172 | €95,575 | +€33,403 | +53.7% |
| Deferred charges and accrued income | 490/1 | €1,954 | €2,039 | +€84 | +4.3% |
| Total equity and liabilities | 10/49 | €103,807 | €129,220 | +€25,413 | +24.5% |
| Equity | 10/15 | €62,277 | €63,171 | +€894 | +1.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,817 | €42,711 | +€894 | +2.1% |
| Amounts payable | 17/49 | €41,531 | €66,050 | +€24,519 | +59.0% |
| Amounts payable within one year | 42/48 | €41,531 | €66,050 | +€24,519 | +59.0% |
| Trade debts | 44 | €3,051 | €410 | -€2,640 | -86.5% |
| Suppliers | 440/4 | €3,051 | €410 | -€2,640 | -86.5% |
| Taxes, remuneration and social security | 45 | €9,480 | €20,639 | +€11,159 | +118% |
| Taxes | 450/3 | €9,480 | €20,639 | +€11,159 | +118% |
| Other amounts payable | 47/48 | €29,000 | €45,000 | +€16,000 | +55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €540 | €540 | = | 0.0% |
| Other operating charges | 640/8 | €1,079 | €1,117 | +€39 | +3.6% |
| Gross operating margin | 9900 | €51,328 | €61,849 | +€10,521 | +20.5% |
| Operating profit (loss) | 9901 | €49,709 | €60,192 | +€10,482 | +21.1% |
| Financial income | 75/76B | €411 | €261 | -€150 | -36.4% |
| Recurring financial income | 75 | €411 | €261 | -€150 | -36.4% |
| Financial charges | 65/66B | €274 | €84 | -€190 | -69.3% |
| Recurring financial charges | 65 | €274 | €84 | -€190 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €49,846 | €60,369 | +€10,523 | +21.1% |
| Income taxes | 67/77 | €11,645 | €14,475 | +€2,830 | +24.3% |
| Profit (loss) for the period | 9904 | €38,201 | €45,894 | +€7,693 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,201 | €45,894 | +€7,693 | +20.1% |
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 13 October 2026 via checked.be.