LAGOPI: 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.
LAGOPI
Largest movements
- Cash +€119,784
up €119,784 (+105%), from €113,659 to €233,443
mainly Net result for the year (+€86,927) and Receivables within one year (+€31,647)
- Receivables within one year -€31,647
down €31,647 (-53.9%), from €58,754 to €27,107
of which Trade receivables: -€31,668
- Tangible fixed assets -€11,281
down €11,281 (-23.2%), from €48,691 to €37,411
- Reserves +€86,927
up €86,927 (+66.1%), from €131,504 to €218,431
- Tax, wage and social debts -€18,976
down €18,976 (-38.2%), from €49,678 to €30,702
- Other debts +€9,311
up €9,311 (+27.8%), from €33,457 to €42,768
- Gross operating margin +€14,337
up €14,337 (+12.8%), from €112,121 to €126,457
- Taxes -€3,565
down €3,565 (-13.3%), from €26,858 to €23,293
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 | €222,762 | €299,693 | +€76,932 | +34.5% |
| Fixed assets | 21/28 | €48,691 | €37,411 | -€11,281 | -23.2% |
| Tangible fixed assets | 22/27 | €48,691 | €37,411 | -€11,281 | -23.2% |
| Furniture and vehicles | 24 | €48,691 | €37,411 | -€11,281 | -23.2% |
| Current assets | 29/58 | €174,070 | €262,283 | +€88,212 | +50.7% |
| Amounts receivable within one year | 40/41 | €58,754 | €27,107 | -€31,647 | -53.9% |
| Trade receivables | 40 | €46,188 | €14,520 | -€31,668 | -68.6% |
| Other amounts receivable | 41 | €12,566 | €12,587 | +€21 | +0.2% |
| Cash at bank and in hand | 54/58 | €113,659 | €233,443 | +€119,784 | +105% |
| Deferred charges and accrued income | 490/1 | €1,657 | €1,733 | +€75 | +4.6% |
| Total equity and liabilities | 10/49 | €222,762 | €299,693 | +€76,932 | +34.5% |
| Equity | 10/15 | €136,504 | €223,431 | +€86,927 | +63.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €131,504 | €218,431 | +€86,927 | +66.1% |
| Distributable reserves | 133 | €131,504 | €218,431 | +€86,927 | +66.1% |
| Amounts payable | 17/49 | €86,257 | €76,262 | -€9,995 | -11.6% |
| Amounts payable within one year | 42/48 | €85,369 | €76,262 | -€9,107 | -10.7% |
| Trade debts | 44 | €2,234 | €2,792 | +€558 | +25.0% |
| Suppliers | 440/4 | €2,234 | €2,792 | +€558 | +25.0% |
| Taxes, remuneration and social security | 45 | €49,678 | €30,702 | -€18,976 | -38.2% |
| Taxes | 450/3 | €49,678 | €30,702 | -€18,976 | -38.2% |
| Other amounts payable | 47/48 | €33,457 | €42,768 | +€9,311 | +27.8% |
| Accrued charges and deferred income | 492/3 | €888 | €0 | -€888 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,939 | €13,281 | +€342 | +2.6% |
| Other operating charges | 640/8 | €918 | €663 | -€255 | -27.8% |
| Gross operating margin | 9900 | €112,121 | €126,457 | +€14,337 | +12.8% |
| Operating profit (loss) | 9901 | €98,264 | €112,514 | +€14,250 | +14.5% |
| Financial income | 75/76B | - | €65 | +€65 | |
| Recurring financial income | 75 | - | €65 | +€65 | |
| Financial charges | 65/66B | €1,305 | €2,359 | +€1,054 | +80.7% |
| Recurring financial charges | 65 | €1,305 | €2,359 | +€1,054 | +80.7% |
| Profit (loss) for the period before taxes | 9903 | €96,959 | €110,220 | +€13,261 | +13.7% |
| Income taxes | 67/77 | €26,858 | €23,293 | -€3,565 | -13.3% |
| Profit (loss) for the period | 9904 | €70,101 | €86,927 | +€16,826 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,101 | €86,927 | +€16,826 | +24.0% |
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.