Lagrem: 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.
Lagrem
Largest movements
- Current investments -€108,108
down €108,108 (-16.3%), from €662,478 to €554,370
- Intangible fixed assets -€88,000
down €88,000 (-33.3%), from €264,000 to €176,000
- Deferred charges and accrued income -€43,822
down €43,822 (-25.9%), from €169,015 to €125,193
- Cash +€34,682
up €34,682 (+96.0%), from €36,144 to €70,826
mainly Net result for the year (+€234,272) and Current investments (+€108,108)
- Other debts -€135,827
down €135,827 (-29.8%), from €456,170 to €320,343
- Current portion of long-term debt -€73,679
down €73,679 (-80.1%), from €91,958 to €18,279
- Debts after one year -€18,279
down €18,279 (-9.6%), from €191,305 to €173,027
- Tax, wage and social debts +€17,599
up €17,599 (+85.2%), from €20,665 to €38,264
- Taxes -€20,707
down €20,707 (-23.6%), from €87,903 to €67,196
- Financial income +€19,221
up €19,221 (+62.9%), from €30,547 to €49,768
- Gross operating margin -€9,707
down €9,707 (-2.4%), from €398,406 to €388,700
- Depreciation +€8,922
up €8,922 (+9.2%), from €96,689 to €105,611
- Financial charges +€5,922
up €5,922 (+25.9%), from €22,858 to €28,779
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 | €1,282,852 | €1,082,357 | -€200,495 | -15.6% |
| Fixed assets | 21/28 | €311,123 | €229,682 | -€81,442 | -26.2% |
| Intangible fixed assets | 21 | €264,000 | €176,000 | -€88,000 | -33.3% |
| Tangible fixed assets | 22/27 | €47,123 | €53,682 | +€6,558 | +13.9% |
| Plant, machinery and equipment | 23 | €12,449 | €24,384 | +€11,935 | +95.9% |
| Furniture and vehicles | 24 | €34,674 | €29,297 | -€5,376 | -15.5% |
| Current assets | 29/58 | €971,729 | €852,675 | -€119,053 | -12.3% |
| Amounts receivable within one year | 40/41 | €104,091 | €102,286 | -€1,805 | -1.7% |
| Trade receivables | 40 | €9,500 | - | -€9,500 | |
| Other amounts receivable | 41 | €94,591 | €102,286 | +€7,695 | +8.1% |
| Current investments | 50/53 | €662,478 | €554,370 | -€108,108 | -16.3% |
| Cash at bank and in hand | 54/58 | €36,144 | €70,826 | +€34,682 | +96.0% |
| Deferred charges and accrued income | 490/1 | €169,015 | €125,193 | -€43,822 | -25.9% |
| Total equity and liabilities | 10/49 | €1,282,852 | €1,082,357 | -€200,495 | -15.6% |
| Equity | 10/15 | €500,879 | €500,151 | -€728 | -0.1% |
| Contributions | 10/11 | €60 | €60 | = | 0.0% |
| Reserves | 13 | €500,087 | €500,087 | = | 0.0% |
| Tax-exempt reserves | 132 | €87 | €87 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €732 | €4 | -€728 | -99.5% |
| Amounts payable | 17/49 | €781,973 | €582,206 | -€199,767 | -25.5% |
| Amounts payable after more than one year | 17 | €191,305 | €173,027 | -€18,279 | -9.6% |
| Financial debts | 170/4 | €191,305 | €173,027 | -€18,279 | -9.6% |
| Amounts payable within one year | 42/48 | €575,856 | €384,600 | -€191,255 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €91,958 | €18,279 | -€73,679 | -80.1% |
| Trade debts | 44 | €7,063 | €7,715 | +€651 | +9.2% |
| Suppliers | 440/4 | €7,063 | €7,715 | +€651 | +9.2% |
| Taxes, remuneration and social security | 45 | €20,665 | €38,264 | +€17,599 | +85.2% |
| Taxes | 450/3 | €20,665 | €38,264 | +€17,599 | +85.2% |
| Other amounts payable | 47/48 | €456,170 | €320,343 | -€135,827 | -29.8% |
| Accrued charges and deferred income | 492/3 | €14,811 | €24,579 | +€9,767 | +65.9% |
| Non-recurring operating income | 76A | €4,717 | - | -€4,717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,689 | €105,611 | +€8,922 | +9.2% |
| Other operating charges | 640/8 | €3,771 | €2,610 | -€1,162 | -30.8% |
| Gross operating margin | 9900 | €398,406 | €388,700 | -€9,707 | -2.4% |
| Operating profit (loss) | 9901 | €297,946 | €280,479 | -€17,467 | -5.9% |
| Financial income | 75/76B | €30,547 | €49,768 | +€19,221 | +62.9% |
| Recurring financial income | 75 | €30,547 | €49,768 | +€19,221 | +62.9% |
| Financial charges | 65/66B | €22,858 | €28,779 | +€5,922 | +25.9% |
| Recurring financial charges | 65 | €22,858 | €28,779 | +€5,922 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €305,635 | €301,468 | -€4,167 | -1.4% |
| Income taxes | 67/77 | €87,903 | €67,196 | -€20,707 | -23.6% |
| Profit (loss) for the period | 9904 | €217,732 | €234,272 | +€16,539 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €217,732 | €234,272 | +€16,539 | +7.6% |
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 16 October 2026 via checked.be.