LAGRI: 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.
LAGRI
Largest movements
- Tangible fixed assets +€480,463
up €480,463 (+19.4%), from €2.5m to €3.0m
of which Assets under construction and advance payments: +€624,761
- Receivables within one year +€265,669
up €265,669 (+144%), from €184,962 to €450,631
of which Other amounts receivable: +€208,169
- Debts after one year +€373,142
up €373,142 (+22.0%), from €1.7m to €2.1m
- Trade debts +€225,157
up €225,157 (+53.7%), from €418,952 to €644,109
- Other debts +€130,685
up €130,685 (+69.5%), from €188,125 to €318,810
- Reserves +€45,706
up €45,706 (+49.2%), from €92,958 to €138,664
- Gross operating margin -€265,122
down €265,122 (-41.0%), from €646,629 to €381,508
- Financial charges +€27,651
up €27,651 (+25.1%), from €109,968 to €137,618
- Depreciation +€8,364
up €8,364 (+4.8%), from €175,094 to €183,458
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 | €3,542,386 | €4,332,387 | +€790,001 | +22.3% |
| Formation expenses | 20 | €4,077 | €576 | -€3,501 | -85.9% |
| Fixed assets | 21/28 | €2,497,964 | €2,973,027 | +€475,063 | +19.0% |
| Intangible fixed assets | 21 | €24,235 | €18,835 | -€5,400 | -22.3% |
| Tangible fixed assets | 22/27 | €2,473,729 | €2,954,192 | +€480,463 | +19.4% |
| Land and buildings | 22 | €2,185,696 | €2,061,393 | -€124,303 | -5.7% |
| Plant, machinery and equipment | 23 | €263,426 | €249,082 | -€14,344 | -5.4% |
| Other tangible fixed assets | 26 | €24,607 | €18,957 | -€5,650 | -23.0% |
| Assets under construction and advance payments | 27 | - | €624,761 | +€624,761 | |
| Current assets | 29/58 | €1,040,345 | €1,358,784 | +€318,439 | +30.6% |
| Stocks and contracts in progress | 3 | €846,097 | €861,932 | +€15,835 | +1.9% |
| Stocks | 30/36 | €846,097 | €861,932 | +€15,835 | +1.9% |
| Amounts receivable within one year | 40/41 | €184,962 | €450,631 | +€265,669 | +144% |
| Trade receivables | 40 | €0 | €57,500 | +€57,500 | |
| Other amounts receivable | 41 | €184,962 | €393,131 | +€208,169 | +113% |
| Cash at bank and in hand | 54/58 | €3,732 | €24,007 | +€20,274 | +543% |
| Deferred charges and accrued income | 490/1 | €5,554 | €22,214 | +€16,660 | +300% |
| Total equity and liabilities | 10/49 | €3,542,386 | €4,332,387 | +€790,001 | +22.3% |
| Equity | 10/15 | €671,132 | €716,837 | +€45,706 | +6.8% |
| Contributions | 10/11 | €545,440 | €545,440 | = | 0.0% |
| Revaluation surpluses | 12 | €32,734 | €32,734 | = | 0.0% |
| Reserves | 13 | €92,958 | €138,664 | +€45,706 | +49.2% |
| Distributable reserves | 133 | €92,958 | €138,664 | +€45,706 | +49.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,871,254 | €3,615,549 | +€744,295 | +25.9% |
| Amounts payable after more than one year | 17 | €1,695,139 | €2,068,281 | +€373,142 | +22.0% |
| Financial debts | 170/4 | €1,695,139 | €2,068,281 | +€373,142 | +22.0% |
| Amounts payable within one year | 42/48 | €1,171,948 | €1,547,268 | +€375,320 | +32.0% |
| Current portion of amounts payable after more than one year | 42 | €184,868 | €201,702 | +€16,833 | +9.1% |
| Financial debts | 43 | €380,000 | €380,000 | = | 0.0% |
| Credit institutions | 430/8 | €380,000 | €380,000 | = | 0.0% |
| Trade debts | 44 | €418,952 | €644,109 | +€225,157 | +53.7% |
| Suppliers | 440/4 | €418,952 | €644,109 | +€225,157 | +53.7% |
| Taxes, remuneration and social security | 45 | €3 | €2,647 | +€2,644 | +81,106% |
| Taxes | 450/3 | €3 | €2,647 | +€2,644 | +81,106% |
| Other amounts payable | 47/48 | €188,125 | €318,810 | +€130,685 | +69.5% |
| Accrued charges and deferred income | 492/3 | €4,167 | €0 | -€4,167 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,094 | €183,458 | +€8,364 | +4.8% |
| Other operating charges | 640/8 | €10,929 | €12,527 | +€1,598 | +14.6% |
| Gross operating margin | 9900 | €646,629 | €381,508 | -€265,122 | -41.0% |
| Operating profit (loss) | 9901 | €460,607 | €185,523 | -€275,083 | -59.7% |
| Financial income | 75/76B | €403 | €445 | +€41 | +10.2% |
| Recurring financial income | 75 | €403 | €445 | +€41 | +10.2% |
| Financial charges | 65/66B | €109,968 | €137,618 | +€27,651 | +25.1% |
| Recurring financial charges | 65 | €109,968 | €137,618 | +€27,651 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €351,043 | €48,350 | -€302,693 | -86.2% |
| Income taxes | 67/77 | €0 | €2,644 | +€2,644 | |
| Profit (loss) for the period | 9904 | €351,043 | €45,706 | -€305,337 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €351,043 | €45,706 | -€305,337 | -87.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.