LAGUFORMATIONS: 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.
LAGUFORMATIONS
Largest movements
- Cash +€18,816
up €18,816 (+21.9%), from €85,749 to €104,565
mainly Net result for the year (+€14,399) and Depreciation (+€11,139)
- Tangible fixed assets -€11,139
down €11,139 (-32.0%), from €34,791 to €23,652
- Receivables within one year -€2,758
down €2,758 (-28.2%), from €9,784 to €7,026
of which Trade receivables: -€3,801
- Reserves +€14,399
up €14,399 (+17.6%), from €81,896 to €96,295
- Debts after one year -€10,307
down €10,307 (-45.1%), from €22,836 to €12,529
- Gross operating margin +€4,559
up €4,559 (+15.4%), from €29,676 to €34,234
- Taxes +€1,679
up €1,679 (+31.8%), from €5,278 to €6,957
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 | €130,478 | €135,446 | +€4,969 | +3.8% |
| Fixed assets | 21/28 | €34,791 | €23,652 | -€11,139 | -32.0% |
| Tangible fixed assets | 22/27 | €34,791 | €23,652 | -€11,139 | -32.0% |
| Furniture and vehicles | 24 | €34,791 | €23,652 | -€11,139 | -32.0% |
| Current assets | 29/58 | €95,687 | €111,795 | +€16,108 | +16.8% |
| Amounts receivable within one year | 40/41 | €9,784 | €7,026 | -€2,758 | -28.2% |
| Trade receivables | 40 | €7,066 | €3,265 | -€3,801 | -53.8% |
| Other amounts receivable | 41 | €2,718 | €3,761 | +€1,043 | +38.4% |
| Cash at bank and in hand | 54/58 | €85,749 | €104,565 | +€18,816 | +21.9% |
| Deferred charges and accrued income | 490/1 | €154 | €204 | +€50 | +32.4% |
| Total equity and liabilities | 10/49 | €130,478 | €135,446 | +€4,969 | +3.8% |
| Equity | 10/15 | €91,896 | €106,295 | +€14,399 | +15.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €81,896 | €96,295 | +€14,399 | +17.6% |
| Distributable reserves | 133 | €81,896 | €96,295 | +€14,399 | +17.6% |
| Amounts payable | 17/49 | €38,582 | €29,151 | -€9,430 | -24.4% |
| Amounts payable after more than one year | 17 | €22,836 | €12,529 | -€10,307 | -45.1% |
| Financial debts | 170/4 | €22,836 | €12,529 | -€10,307 | -45.1% |
| Amounts payable within one year | 42/48 | €15,746 | €16,622 | +€876 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €9,923 | €10,307 | +€384 | +3.9% |
| Trade debts | 44 | €823 | €835 | +€11 | +1.4% |
| Suppliers | 440/4 | €823 | €835 | +€11 | +1.4% |
| Taxes, remuneration and social security | 45 | €3,282 | €2,657 | -€625 | -19.0% |
| Taxes | 450/3 | €3,282 | €2,657 | -€625 | -19.0% |
| Other amounts payable | 47/48 | €1,718 | €2,824 | +€1,106 | +64.4% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,139 | €11,139 | = | 0.0% |
| Other operating charges | 640/8 | €484 | €500 | +€16 | +3.3% |
| Gross operating margin | 9900 | €29,676 | €34,234 | +€4,559 | +15.4% |
| Operating profit (loss) | 9901 | €18,052 | €22,595 | +€4,543 | +25.2% |
| Financial charges | 65/66B | €1,483 | €1,239 | -€243 | -16.4% |
| Recurring financial charges | 65 | €1,483 | €1,239 | -€243 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €16,569 | €21,356 | +€4,786 | +28.9% |
| Income taxes | 67/77 | €5,278 | €6,957 | +€1,679 | +31.8% |
| Profit (loss) for the period | 9904 | €11,291 | €14,399 | +€3,108 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,291 | €14,399 | +€3,108 | +27.5% |
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 17 October 2026 via checked.be.