LAGUSSE: 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.
LAGUSSE
Largest movements
- Cash -€187,738
down €187,738 (-65.1%), from €288,510 to €100,771
mainly Current investments (-€136,013) and Other debts (-€112,464)
- Current investments +€136,013
up €136,013 (+16.1%), from €846,779 to €982,792
- Financial fixed assets +€25,000
up €25,000 (+194.3%), from €12,868 to €37,868
- Tangible fixed assets -€20,549
down €20,549 (-7.6%), from €271,059 to €250,509
of which Furniture and vehicles: -€12,992
- Reserves +€121,875
up €121,875 (+10.3%), from €1.2m to €1.3m
- Other debts -€112,464
down €112,464 (-68.7%), from €163,764 to €51,300
- Trade debts -€37,910
down €37,910 (-91.6%), from €41,392 to €3,482
- Financial income -€101,354
down €101,354 (-60.9%), from €166,415 to €65,061
of which Non-recurring financial income: -€135,792
- Write-downs -€100,000
down €100,000, from €50,000 to -€50,000
- Other operating charges +€49,255
up €49,255 (+1152.8%), from €4,273 to €53,527
- Gross operating margin +€35,852
up €35,852 (+22.4%), from €160,114 to €195,966
- Financial charges -€25,134
down €25,134 (-60.5%), from €41,540 to €16,406
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,431,761 | €1,403,614 | -€28,148 | -2.0% |
| Fixed assets | 21/28 | €283,927 | €288,377 | +€4,451 | +1.6% |
| Tangible fixed assets | 22/27 | €271,059 | €250,509 | -€20,549 | -7.6% |
| Land and buildings | 22 | €76,260 | €73,538 | -€2,723 | -3.6% |
| Plant, machinery and equipment | 23 | €4,704 | €5,888 | +€1,184 | +25.2% |
| Furniture and vehicles | 24 | €55,439 | €42,446 | -€12,992 | -23.4% |
| Other tangible fixed assets | 26 | €134,656 | €128,637 | -€6,019 | -4.5% |
| Financial fixed assets | 28 | €12,868 | €37,868 | +€25,000 | +194.3% |
| Current assets | 29/58 | €1,147,835 | €1,115,236 | -€32,599 | -2.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | - | €2,246 | +€2,246 | |
| Stocks | 30/36 | - | €2,246 | +€2,246 | |
| Amounts receivable within one year | 40/41 | €4,709 | €9,153 | +€4,444 | +94.4% |
| Trade receivables | 40 | €333 | €4,769 | +€4,436 | +1333.1% |
| Other amounts receivable | 41 | €4,376 | €4,384 | +€8 | +0.2% |
| Current investments | 50/53 | €846,779 | €982,792 | +€136,013 | +16.1% |
| Cash at bank and in hand | 54/58 | €288,510 | €100,771 | -€187,738 | -65.1% |
| Deferred charges and accrued income | 490/1 | €7,838 | €20,275 | +€12,437 | +158.7% |
| Total equity and liabilities | 10/49 | €1,431,761 | €1,403,614 | -€28,148 | -2.0% |
| Equity | 10/15 | €1,194,036 | €1,315,911 | +€121,875 | +10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,186,076 | €1,307,951 | +€121,875 | +10.3% |
| Distributable reserves | 133 | €1,186,076 | €1,307,951 | +€121,875 | +10.3% |
| Profit (loss) carried forward | 14 | €1,760 | €1,760 | = | 0.0% |
| Amounts payable | 17/49 | €237,726 | €87,703 | -€150,023 | -63.1% |
| Amounts payable after more than one year | 17 | €19,454 | €11,947 | -€7,507 | -38.6% |
| Financial debts | 170/4 | €19,454 | €11,947 | -€7,507 | -38.6% |
| Amounts payable within one year | 42/48 | €218,272 | €75,756 | -€142,516 | -65.3% |
| Current portion of amounts payable after more than one year | 42 | €7,160 | €7,507 | +€347 | +4.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €41,392 | €3,482 | -€37,910 | -91.6% |
| Suppliers | 440/4 | €41,392 | €3,482 | -€37,910 | -91.6% |
| Taxes, remuneration and social security | 45 | €5,956 | €13,467 | +€7,511 | +126.1% |
| Taxes | 450/3 | €5,956 | €13,467 | +€7,511 | +126.1% |
| Other amounts payable | 47/48 | €163,764 | €51,300 | -€112,464 | -68.7% |
| Non-recurring operating income | 76A | €27,149 | €0 | -€27,149 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,040 | €76,747 | +€8,707 | +12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,000 | -€50,000 | -€100,000 | |
| Other operating charges | 640/8 | €4,273 | €53,527 | +€49,255 | +1152.8% |
| Gross operating margin | 9900 | €160,114 | €195,966 | +€35,852 | +22.4% |
| Operating profit (loss) | 9901 | €37,801 | €115,692 | +€77,891 | +206.1% |
| Financial income | 75/76B | €166,415 | €65,061 | -€101,354 | -60.9% |
| Recurring financial income | 75 | €30,623 | €65,061 | +€34,438 | +112.5% |
| Non-recurring financial income | 76B | €135,792 | €0 | -€135,792 | -100.0% |
| Financial charges | 65/66B | €41,540 | €16,406 | -€25,134 | -60.5% |
| Recurring financial charges | 65 | €41,540 | €16,406 | -€25,134 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €162,675 | €164,347 | +€1,672 | +1.0% |
| Income taxes | 67/77 | €32,268 | €42,472 | +€10,203 | +31.6% |
| Profit (loss) for the period | 9904 | €130,407 | €121,875 | -€8,532 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €130,407 | €121,875 | -€8,532 | -6.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.