LAUSAGRI: 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.
LAUSAGRI
Largest movements
- Tangible fixed assets +€321,550
up €321,550 (+13.1%), from €2.5m to €2.8m
of which Assets under construction and advance payments: +€438,852
- Cash -€252,972
down €252,972 (-81.3%), from €311,288 to €58,315
mainly Other debts (-€1.2m) and Investment in fixed assets (net) (-€438,852)
- Contributions +€1.4m
up €1.4m (+143%), from €959,348 to €2.3m
- Other debts -€1.2m
no longer reported in 2025 (was €1.2m)
- Debts after one year -€74,436
down €74,436 (-9.9%), from €748,270 to €673,833
of which Financial debts: -€74,436
- Profit (loss) carried forward -€58,851
down €58,851 (-26.0%), from -€226,699 to -€285,551
- Trade debts +€47,654
up €47,654 (+160%), from €29,766 to €77,419
- Gross operating margin +€18,816
up €18,816 (+31.6%), from €59,555 to €78,371
- Financial charges -€7,396
down €7,396 (-41.2%), from €17,966 to €10,570
- Depreciation -€6,150
down €6,150 (-5.0%), from €123,861 to €117,712
- Financial income -€4,050
down €4,050 (-51.2%), from €7,911 to €3,862
- Other operating charges +€2,546
up €2,546 (+28.0%), from €9,099 to €11,644
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 | €2,803,031 | €2,890,309 | +€87,277 | +3.1% |
| Fixed assets | 21/28 | €2,455,642 | €2,776,782 | +€321,141 | +13.1% |
| Intangible fixed assets | 21 | €1,476 | €1,066 | -€409 | -27.7% |
| Tangible fixed assets | 22/27 | €2,454,166 | €2,775,716 | +€321,550 | +13.1% |
| Land and buildings | 22 | €1,933,065 | €1,817,799 | -€115,266 | -6.0% |
| Plant, machinery and equipment | 23 | €4,069 | €2,033 | -€2,036 | -50.0% |
| Assets under construction and advance payments | 27 | €517,032 | €955,885 | +€438,852 | +84.9% |
| Current assets | 29/58 | €347,390 | €113,526 | -€233,864 | -67.3% |
| Amounts receivable within one year | 40/41 | €16,204 | €32,622 | +€16,418 | +101% |
| Trade receivables | 40 | €16,191 | €32,622 | +€16,431 | +101% |
| Other amounts receivable | 41 | €13 | - | -€13 | |
| Cash at bank and in hand | 54/58 | €311,288 | €58,315 | -€252,972 | -81.3% |
| Deferred charges and accrued income | 490/1 | €19,898 | €22,589 | +€2,691 | +13.5% |
| Total equity and liabilities | 10/49 | €2,803,031 | €2,890,309 | +€87,277 | +3.1% |
| Equity | 10/15 | €749,669 | €2,058,044 | +€1.3m | +175% |
| Contributions | 10/11 | €959,348 | €2,326,574 | +€1.4m | +143% |
| Capital | 10 | €959,348 | €2,326,574 | +€1.4m | +143% |
| Issued capital | 100 | €991,574 | €2,326,574 | +€1.3m | +135% |
| Uncalled capital | 101 | €32,226 | - | -€32,226 | |
| Reserves | 13 | €17,021 | €17,021 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,595 | €16,595 | = | 0.0% |
| Legal reserve | 130 | €16,595 | €16,595 | = | 0.0% |
| Distributable reserves | 133 | €426 | €426 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€226,699 | -€285,551 | -€58,851 | -26.0% |
| Amounts payable | 17/49 | €2,053,362 | €832,265 | -€1.2m | -59.5% |
| Amounts payable after more than one year | 17 | €748,270 | €673,833 | -€74,436 | -9.9% |
| Financial debts | 170/4 | €746,790 | €672,353 | -€74,436 | -10.0% |
| Other amounts payable | 178/9 | €1,480 | €1,480 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,300,293 | €154,404 | -€1.1m | -88.1% |
| Current portion of amounts payable after more than one year | 42 | €73,497 | €74,436 | +€939 | +1.3% |
| Trade debts | 44 | €29,766 | €77,419 | +€47,654 | +160% |
| Suppliers | 440/4 | €29,766 | €77,419 | +€47,654 | +160% |
| Taxes, remuneration and social security | 45 | €1,030 | €2,549 | +€1,519 | +147% |
| Taxes | 450/3 | €1,030 | €2,549 | +€1,519 | +147% |
| Other amounts payable | 47/48 | €1,196,000 | - | -€1.2m | |
| Accrued charges and deferred income | 492/3 | €4,799 | €4,027 | -€773 | -16.1% |
| Non-recurring operating income | 76A | €16,300 | €796 | -€15,504 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,861 | €117,712 | -€6,150 | -5.0% |
| Other operating charges | 640/8 | €9,099 | €11,644 | +€2,546 | +28.0% |
| Gross operating margin | 9900 | €59,555 | €78,371 | +€18,816 | +31.6% |
| Operating profit (loss) | 9901 | -€73,405 | -€50,985 | +€22,420 | +30.5% |
| Financial income | 75/76B | €7,911 | €3,862 | -€4,050 | -51.2% |
| Recurring financial income | 75 | €7,911 | €3,862 | -€4,050 | -51.2% |
| Financial charges | 65/66B | €17,966 | €10,570 | -€7,396 | -41.2% |
| Recurring financial charges | 65 | €17,966 | €10,570 | -€7,396 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | -€83,460 | -€57,693 | +€25,767 | +30.9% |
| Income taxes | 67/77 | €2,373 | €1,159 | -€1,215 | -51.2% |
| Profit (loss) for the period | 9904 | -€85,833 | -€58,851 | +€26,982 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,833 | -€58,851 | +€26,982 | +31.4% |
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 19 October 2026 via checked.be.