LAGROBO: what changed
What changed
LAGROBO
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€1,808
2024 · €17,011-€18,820
Equity
€176,032
2024 · €192,632-€16,600
Cash
€80,660
2024 · €32,698+€47,963
Balance sheet total
€437,653
2024 · €519,058-€81,405
Largest movements
Assets
- Tangible fixed assets -€103,746
down €103,746 (-26.8%), from €387,567 to €283,822
of which Leasing and similar rights: -€70,463
- Cash +€47,963
up €47,963 (+147%), from €32,698 to €80,660
mainly Depreciation (+€107,716) and Receivables within one year (+€25,302)
- Receivables within one year -€25,302
down €25,302 (-26.5%), from €95,618 to €70,316
of which Trade receivables: -€32,297
Equity and liabilities
- Debts after one year -€57,750
down €57,750 (-34.5%), from €167,224 to €109,474
- Other debts -€26,247
down €26,247 (-32.8%), from €79,952 to €53,705
- Reserves -€16,600
down €16,600 (-9.2%), from €179,500 to €162,900
of which Distributable reserves: -€16,600
- Trade debts +€16,241
up €16,241 (+169%), from €9,593 to €25,834
Income statement
- Gross operating margin -€10,445
down €10,445 (-5.4%), from €193,464 to €183,019
- Depreciation +€8,874
up €8,874 (+9.0%), from €98,841 to €107,716
- Staff costs +€8,106
up €8,106 (+14.3%), from €56,850 to €64,957
- Taxes -€4,861
down €4,861 (-97.4%), from €4,993 to €132
- Financial charges -€2,523
down €2,523 (-22.0%), from €11,490 to €8,966
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€17,011
Gross operating margin
-€10,445
Staff costs
-€8,106
Depreciation
-€8,874
Other operating charges
+€677
Other operating items
+€428
Financial income
+€116
Financial charges
+€2,523
Taxes
+€4,861
Result 2025
-€1,808
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€126,314
Investment
-€3,970
Financing
-€74,381
Cash 2024
€32,698
From operations (derived)
+€126,314
Net result for the year
-€1,808
Depreciation
+€107,716
Receivables within one year
+€25,302
Deferred charges and accrued income
+€320
Trade debts
+€16,241
Tax, wage and social debts
+€1,550
Other debts
-€26,247
Accrued charges and deferred income
+€3,242
Investment (derived)
-€3,970
Investment in fixed assets (net)
-€3,970
Financing
-€74,381
Debts after one year
-€57,750
Current portion of long-term debt
-€2,682
Short-term financial debts
+€842
Contributions, distributions and other
-€14,791
Cash 2025
€80,660
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €519,058 | €437,653 | -€81,405 | -15.7% |
| Fixed assets | 21/28 | €387,702 | €283,957 | -€103,746 | -26.8% |
| Tangible fixed assets | 22/27 | €387,567 | €283,822 | -€103,746 | -26.8% |
| Land and buildings | 22 | €78,675 | €75,119 | -€3,556 | -4.5% |
| Plant, machinery and equipment | 23 | €32,394 | €23,639 | -€8,755 | -27.0% |
| Furniture and vehicles | 24 | €49,249 | €28,276 | -€20,972 | -42.6% |
| Leasing and similar rights | 25 | €227,250 | €156,787 | -€70,463 | -31.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €131,356 | €153,696 | +€22,340 | +17.0% |
| Amounts receivable within one year | 40/41 | €95,618 | €70,316 | -€25,302 | -26.5% |
| Trade receivables | 40 | €84,178 | €51,881 | -€32,297 | -38.4% |
| Other amounts receivable | 41 | €11,440 | €18,435 | +€6,995 | +61.1% |
| Cash at bank and in hand | 54/58 | €32,698 | €80,660 | +€47,963 | +147% |
| Deferred charges and accrued income | 490/1 | €3,040 | €2,720 | -€320 | -10.5% |
| Total equity and liabilities | 10/49 | €519,058 | €437,653 | -€81,405 | -15.7% |
| Equity | 10/15 | €192,632 | €176,032 | -€16,600 | -8.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €179,500 | €162,900 | -€16,600 | -9.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €179,500 | €162,900 | -€16,600 | -9.2% |
| Profit (loss) carried forward | 14 | €732 | €732 | = | 0.0% |
| Amounts payable | 17/49 | €326,426 | €261,621 | -€64,805 | -19.9% |
| Amounts payable after more than one year | 17 | €167,224 | €109,474 | -€57,750 | -34.5% |
| Financial debts | 170/4 | €167,224 | €109,474 | -€57,750 | -34.5% |
| Amounts payable within one year | 42/48 | €159,202 | €148,905 | -€10,297 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €60,432 | €57,750 | -€2,682 | -4.4% |
| Financial debts | 43 | €826 | €1,668 | +€842 | +102% |
| Credit institutions | 430/8 | €826 | €1,668 | +€842 | +102% |
| Trade debts | 44 | €9,593 | €25,834 | +€16,241 | +169% |
| Suppliers | 440/4 | €9,593 | €25,834 | +€16,241 | +169% |
| Taxes, remuneration and social security | 45 | €8,399 | €9,949 | +€1,550 | +18.5% |
| Taxes | 450/3 | €4,329 | €3,150 | -€1,179 | -27.2% |
| Remuneration and social security | 454/9 | €4,070 | €6,799 | +€2,729 | +67.1% |
| Other amounts payable | 47/48 | €79,952 | €53,705 | -€26,247 | -32.8% |
| Accrued charges and deferred income | 492/3 | - | €3,242 | +€3,242 | |
| Remuneration, social security and pensions | 62 | €56,850 | €64,957 | +€8,106 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,841 | €107,716 | +€8,874 | +9.0% |
| Other operating charges | 640/8 | €3,853 | €3,175 | -€677 | -17.6% |
| Non-recurring operating charges | 66A | €428 | €0 | -€428 | -100% |
| Gross operating margin | 9900 | €193,464 | €183,019 | -€10,445 | -5.4% |
| Operating profit (loss) | 9901 | €33,492 | €7,171 | -€26,320 | -78.6% |
| Financial income | 75/76B | €2 | €118 | +€116 | +6,098% |
| Recurring financial income | 75 | €2 | €118 | +€116 | +6,098% |
| Financial charges | 65/66B | €11,490 | €8,966 | -€2,523 | -22.0% |
| Recurring financial charges | 65 | €11,490 | €8,966 | -€2,523 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €22,004 | -€1,676 | -€23,681 | |
| Income taxes | 67/77 | €4,993 | €132 | -€4,861 | -97.4% |
| Profit (loss) for the period | 9904 | €17,011 | -€1,808 | -€18,820 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,011 | -€1,808 | -€18,820 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.