Lagae: 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.
Lagae
Largest movements
- Deferred charges and accrued income +€38,420
up €38,420 (+246%), from €15,623 to €54,043
- Cash +€12,132
up €12,132 (+115%), from €10,517 to €22,649
mainly Other debts (+€80,850) and Net result for the year (+€17,525)
- Other debts +€80,850
up €80,850 (+42.4%), from €190,529 to €271,379
- Debts after one year -€51,646
down €51,646 (-7.4%), from €700,221 to €648,575
- Profit (loss) carried forward +€17,525
up €17,525 (+7.1%), from -€247,890 to -€230,365
- Gross operating margin +€1,609
up €1,609 (+3.9%), from €40,839 to €42,448
- Financial charges -€1,226
down €1,226 (-7.9%), from €15,516 to €14,289
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 | €768,410 | €816,414 | +€48,004 | +6.2% |
| Fixed assets | 21/28 | €742,271 | €739,722 | -€2,549 | -0.3% |
| Tangible fixed assets | 22/27 | €259,494 | €256,945 | -€2,549 | -1.0% |
| Land and buildings | 22 | €259,494 | €256,945 | -€2,549 | -1.0% |
| Financial fixed assets | 28 | €482,777 | €482,777 | = | 0.0% |
| Current assets | 29/58 | €26,139 | €76,692 | +€50,552 | +193% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10,517 | €22,649 | +€12,132 | +115% |
| Deferred charges and accrued income | 490/1 | €15,623 | €54,043 | +€38,420 | +246% |
| Total equity and liabilities | 10/49 | €768,410 | €816,414 | +€48,004 | +6.2% |
| Equity | 10/15 | -€187,890 | -€170,365 | +€17,525 | +9.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,890 | -€230,365 | +€17,525 | +7.1% |
| Amounts payable | 17/49 | €956,300 | €986,778 | +€30,478 | +3.2% |
| Amounts payable after more than one year | 17 | €700,221 | €648,575 | -€51,646 | -7.4% |
| Financial debts | 170/4 | €700,221 | €648,575 | -€51,646 | -7.4% |
| Amounts payable within one year | 42/48 | €255,779 | €338,203 | +€82,424 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €49,462 | €51,646 | +€2,183 | +4.4% |
| Trade debts | 44 | €3,893 | €7,669 | +€3,776 | +97.0% |
| Suppliers | 440/4 | €3,893 | €7,669 | +€3,776 | +97.0% |
| Taxes, remuneration and social security | 45 | €11,895 | €7,509 | -€4,386 | -36.9% |
| Taxes | 450/3 | €11,895 | €7,509 | -€4,386 | -36.9% |
| Other amounts payable | 47/48 | €190,529 | €271,379 | +€80,850 | +42.4% |
| Accrued charges and deferred income | 492/3 | €300 | €0 | -€300 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,549 | €2,549 | = | 0.0% |
| Other operating charges | 640/8 | €7,473 | €7,769 | +€296 | +4.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €40,839 | €42,448 | +€1,609 | +3.9% |
| Operating profit (loss) | 9901 | €30,817 | €32,131 | +€1,314 | +4.3% |
| Financial charges | 65/66B | €15,516 | €14,289 | -€1,226 | -7.9% |
| Recurring financial charges | 65 | €15,516 | €14,289 | -€1,226 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €15,301 | €17,841 | +€2,540 | +16.6% |
| Income taxes | 67/77 | €210 | €316 | +€106 | +50.7% |
| Profit (loss) for the period | 9904 | €15,092 | €17,525 | +€2,434 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,092 | €17,525 | +€2,434 | +16.1% |
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 1 November 2026 via checked.be.