LAGOUNE: 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.
LAGOUNE
Largest movements
- Receivables within one year -€197,254
down €197,254 (-52.0%), from €379,318 to €182,064
of which Other amounts receivable: -€198,864
- Cash +€137,326
up €137,326 (+166%), from €82,706 to €220,032
mainly Receivables within one year (+€197,254) and Net result for the year (+€69,601)
- Tangible fixed assets -€36,548
down €36,548 (-9.0%), from €407,998 to €371,450
of which Land and buildings: -€40,240
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Other debts -€84,852
down €84,852 (-18.1%), from €469,144 to €384,292
- Profit (loss) carried forward -€40,399
down €40,399 (-96.6%), from €41,814 to €1,415
- Financial income -€22,624
no longer reported in 2025 (was €22,624)
- Gross operating margin +€17,209
up €17,209 (+12.0%), from €143,104 to €160,313
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 | €902,561 | €778,506 | -€124,055 | -13.7% |
| Fixed assets | 21/28 | €408,094 | €371,450 | -€36,644 | -9.0% |
| Tangible fixed assets | 22/27 | €407,998 | €371,450 | -€36,548 | -9.0% |
| Land and buildings | 22 | €327,941 | €287,701 | -€40,240 | -12.3% |
| Plant, machinery and equipment | 23 | €75,912 | €82,431 | +€6,519 | +8.6% |
| Furniture and vehicles | 24 | €4,145 | €1,318 | -€2,827 | -68.2% |
| Financial fixed assets | 28 | €96 | - | -€96 | |
| Current assets | 29/58 | €494,467 | €407,056 | -€87,411 | -17.7% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Trade receivables | 290 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €379,318 | €182,064 | -€197,254 | -52.0% |
| Trade receivables | 40 | €39,318 | €40,928 | +€1,610 | +4.1% |
| Other amounts receivable | 41 | €340,000 | €141,136 | -€198,864 | -58.5% |
| Cash at bank and in hand | 54/58 | €82,706 | €220,032 | +€137,326 | +166% |
| Deferred charges and accrued income | 490/1 | €2,443 | €4,960 | +€2,517 | +103% |
| Total equity and liabilities | 10/49 | €902,561 | €778,506 | -€124,055 | -13.7% |
| Equity | 10/15 | €410,014 | €369,615 | -€40,399 | -9.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €306,200 | €306,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,814 | €1,415 | -€40,399 | -96.6% |
| Amounts payable | 17/49 | €492,547 | €408,891 | -€83,656 | -17.0% |
| Amounts payable within one year | 42/48 | €492,547 | €408,891 | -€83,656 | -17.0% |
| Trade debts | 44 | €5,242 | €4,889 | -€353 | -6.7% |
| Suppliers | 440/4 | €5,242 | €4,889 | -€353 | -6.7% |
| Taxes, remuneration and social security | 45 | €18,161 | €19,710 | +€1,549 | +8.5% |
| Taxes | 450/3 | €18,161 | €19,710 | +€1,549 | +8.5% |
| Other amounts payable | 47/48 | €469,144 | €384,292 | -€84,852 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,620 | €53,308 | +€688 | +1.3% |
| Other operating charges | 640/8 | €10,791 | €11,465 | +€674 | +6.2% |
| Non-recurring operating charges | 66A | - | €1 | +€1 | |
| Gross operating margin | 9900 | €143,104 | €160,313 | +€17,209 | +12.0% |
| Operating profit (loss) | 9901 | €79,693 | €95,539 | +€15,846 | +19.9% |
| Financial income | 75/76B | €22,624 | - | -€22,624 | |
| Recurring financial income | 75 | €22,624 | - | -€22,624 | |
| Financial charges | 65/66B | €117 | €261 | +€144 | +123% |
| Recurring financial charges | 65 | €117 | €261 | +€144 | +123% |
| Profit (loss) for the period before taxes | 9903 | €102,200 | €95,278 | -€6,922 | -6.8% |
| Income taxes | 67/77 | €25,000 | €25,677 | +€677 | +2.7% |
| Profit (loss) for the period | 9904 | €77,200 | €69,601 | -€7,599 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,200 | €69,601 | -€7,599 | -9.8% |
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 26 October 2026 via checked.be.