LAGUR: 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.
LAGUR
Largest movements
- Stocks and contracts +€660,916
up €660,916 (+59.0%), from €1.1m to €1.8m
- Short-term financial debts +€629,223
up €629,223 (+84.8%), from €741,695 to €1.4m
- Trade debts +€109,459
up €109,459 (+1220.9%), from €8,965 to €118,424
- Profit (loss) carried forward -€97,775
down €97,775 (-42.9%), from -€228,022 to -€325,797
- Other debts +€22,499
up €22,499 (+3.9%), from €580,120 to €602,619
- Financial charges +€17,828
up €17,828 (+32.6%), from €54,676 to €72,505
- Other operating charges +€15,873
up €15,873 (+1937.9%), from €819 to €16,692
- Purchases and services +€14,001
new in 2025: €14,001
- Gross operating margin +€935
up €935 (+9.1%), from -€10,237 to -€9,302
- Financial income +€724
new in 2025: €724
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 | €1,152,758 | €1,818,774 | +€666,016 | +57.8% |
| Current assets | 29/58 | €1,152,758 | €1,818,774 | +€666,016 | +57.8% |
| Stocks and contracts in progress | 3 | €1,120,382 | €1,781,298 | +€660,916 | +59.0% |
| Stocks | 30/36 | €1,120,382 | €1,781,298 | +€660,916 | +59.0% |
| Amounts receivable within one year | 40/41 | €25,705 | €34,046 | +€8,341 | +32.4% |
| Trade receivables | 40 | €25,000 | €0 | -€25,000 | -100.0% |
| Other amounts receivable | 41 | €705 | €34,046 | +€33,341 | +4726.7% |
| Cash at bank and in hand | 54/58 | €13 | €593 | +€580 | +4541.8% |
| Deferred charges and accrued income | 490/1 | €6,658 | €2,837 | -€3,820 | -57.4% |
| Total equity and liabilities | 10/49 | €1,152,758 | €1,818,774 | +€666,016 | +57.8% |
| Equity | 10/15 | -€178,022 | -€275,797 | -€97,775 | -54.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€228,022 | -€325,797 | -€97,775 | -42.9% |
| Amounts payable | 17/49 | €1,330,779 | €2,094,571 | +€763,791 | +57.4% |
| Amounts payable after more than one year | 17 | - | €0 | = | |
| Financial debts | 170/4 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €1,330,779 | €2,091,961 | +€761,181 | +57.2% |
| Financial debts | 43 | €741,695 | €1,370,918 | +€629,223 | +84.8% |
| Credit institutions | 430/8 | €741,695 | €1,370,918 | +€629,223 | +84.8% |
| Trade debts | 44 | €8,965 | €118,424 | +€109,459 | +1220.9% |
| Suppliers | 440/4 | €8,965 | €118,424 | +€109,459 | +1220.9% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €580,120 | €602,619 | +€22,499 | +3.9% |
| Accrued charges and deferred income | 492/3 | - | €2,610 | +€2,610 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €14,001 | +€14,001 | |
| Other operating charges | 640/8 | €819 | €16,692 | +€15,873 | +1937.9% |
| Gross operating margin | 9900 | -€10,237 | -€9,302 | +€935 | +9.1% |
| Operating profit (loss) | 9901 | -€11,056 | -€25,994 | -€14,938 | -135.1% |
| Financial income | 75/76B | - | €724 | +€724 | |
| Recurring financial income | 75 | - | €724 | +€724 | |
| Financial charges | 65/66B | €54,676 | €72,505 | +€17,828 | +32.6% |
| Recurring financial charges | 65 | €54,676 | €72,505 | +€17,828 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | -€65,732 | -€97,775 | -€32,042 | -48.7% |
| Profit (loss) for the period | 9904 | -€65,732 | -€97,775 | -€32,042 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,732 | -€97,775 | -€32,042 | -48.7% |
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 3 October 2026 via checked.be.