LAGUMED: what changed
Two fiscal 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.
LAGUMED
Largest movements
- Receivables within one year +€150,080
up €150,080 (+36.2%), from €414,521 to €564,602
of which Other amounts receivable: +€145,517
- Tangible fixed assets -€59,923
down €59,923 (-5.8%), from €1.0m to €968,512
of which Land and buildings: -€60,706
- Cash -€53,622
down €53,622 (-60.7%), from €88,335 to €34,714
mainly Receivables within one year (-€150,080) and Debts after one year (-€60,528)
- Reserves +€144,898
up €144,898 (+26.0%), from €557,010 to €701,908
of which Distributable reserves: +€144,898
- Debts after one year -€60,528
down €60,528 (-7.8%), from €771,500 to €710,972
- Tax, wage and social debts -€48,485
down €48,485 (-35.3%), from €137,248 to €88,763
of which Taxes: -€48,424
- Gross operating margin -€54,284
down €54,284 (-16.0%), from €340,266 to €285,981
- Taxes -€15,267
down €15,267 (-18.6%), from €82,173 to €66,906
- Financial income +€7,569
up €7,569 (+42.9%), from €17,665 to €25,234
- Depreciation -€3,686
down €3,686 (-4.5%), from €81,130 to €77,444
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.
Cash bridge derived
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 | €1,548,910 | €1,595,552 | +€46,642 | +3.0% |
| Fixed assets | 21/28 | €1,028,461 | €968,512 | -€59,950 | -5.8% |
| Tangible fixed assets | 22/27 | €1,028,434 | €968,512 | -€59,923 | -5.8% |
| Land and buildings | 22 | €1,025,442 | €964,735 | -€60,706 | -5.9% |
| Plant, machinery and equipment | 23 | €1,235 | €192 | -€1,043 | -84.5% |
| Furniture and vehicles | 24 | €1,757 | €3,584 | +€1,827 | +104.0% |
| Financial fixed assets | 28 | €27 | - | -€27 | |
| Current assets | 29/58 | €520,449 | €627,041 | +€106,592 | +20.5% |
| Amounts receivable within one year | 40/41 | €414,521 | €564,602 | +€150,080 | +36.2% |
| Trade receivables | 40 | €3,429 | €7,992 | +€4,563 | +133.1% |
| Other amounts receivable | 41 | €411,092 | €556,610 | +€145,517 | +35.4% |
| Cash at bank and in hand | 54/58 | €88,335 | €34,714 | -€53,622 | -60.7% |
| Deferred charges and accrued income | 490/1 | €17,592 | €27,726 | +€10,134 | +57.6% |
| Total equity and liabilities | 10/49 | €1,548,910 | €1,595,552 | +€46,642 | +3.0% |
| Equity | 10/15 | €563,391 | €708,289 | +€144,898 | +25.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €557,010 | €701,908 | +€144,898 | +26.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €555,150 | €700,048 | +€144,898 | +26.1% |
| Profit (loss) carried forward | 14 | €181 | €181 | +€0 | 0.0% |
| Amounts payable | 17/49 | €985,519 | €887,264 | -€98,256 | -10.0% |
| Amounts payable after more than one year | 17 | €771,500 | €710,972 | -€60,528 | -7.8% |
| Financial debts | 170/4 | €771,500 | €710,972 | -€60,528 | -7.8% |
| Amounts payable within one year | 42/48 | €205,520 | €167,792 | -€37,727 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €61,238 | €61,461 | +€224 | +0.4% |
| Trade debts | 44 | €7,034 | €13,968 | +€6,934 | +98.6% |
| Suppliers | 440/4 | €7,034 | €13,968 | +€6,934 | +98.6% |
| Taxes, remuneration and social security | 45 | €137,248 | €88,763 | -€48,485 | -35.3% |
| Taxes | 450/3 | €137,187 | €88,763 | -€48,424 | -35.3% |
| Remuneration and social security | 454/9 | €61 | - | -€61 | |
| Other amounts payable | 47/48 | - | €3,600 | +€3,600 | |
| Accrued charges and deferred income | 492/3 | €8,500 | €8,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,130 | €77,444 | -€3,686 | -4.5% |
| Other operating charges | 640/8 | €1,539 | €1,211 | -€329 | -21.4% |
| Gross operating margin | 9900 | €340,266 | €285,981 | -€54,284 | -16.0% |
| Operating profit (loss) | 9901 | €257,596 | €207,326 | -€50,270 | -19.5% |
| Financial income | 75/76B | €17,665 | €25,234 | +€7,569 | +42.9% |
| Recurring financial income | 75 | €17,665 | €25,234 | +€7,569 | +42.9% |
| Financial charges | 65/66B | €22,327 | €20,756 | -€1,571 | -7.0% |
| Recurring financial charges | 65 | €22,327 | €20,756 | -€1,571 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €252,934 | €211,804 | -€41,129 | -16.3% |
| Income taxes | 67/77 | €82,173 | €66,906 | -€15,267 | -18.6% |
| Profit (loss) for the period | 9904 | €170,760 | €144,898 | -€25,862 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €170,760 | €144,898 | -€25,862 | -15.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.