L.C.G.: 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.
L.C.G.
Largest movements
- Receivables after one year +€157,500
new in 2025: €157,500
- Stocks and contracts -€53,260
down €53,260 (-25.8%), from €206,521 to €153,260
- Cash +€9,981
new in 2025: €9,981
mainly Other debts (+€201,000) and Net result for the year (+€66,187)
- Other debts +€201,000
up €201,000 (+102%), from €196,917 to €397,917
- Short-term financial debts -€150,922
no longer reported in 2025 (was €150,922)
- Profit (loss) carried forward +€66,187
up €66,187 (+35.1%), from -€188,828 to -€122,641
- Gross operating margin +€71,616
up €71,616, from -€3,478 to €68,138
- Financial charges -€6,259
down €6,259 (-81.6%), from €7,673 to €1,414
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 | €215,692 | €331,848 | +€116,156 | +53.9% |
| Current assets | 29/58 | €215,692 | €331,848 | +€116,156 | +53.9% |
| Amounts receivable after more than one year | 29 | - | €157,500 | +€157,500 | |
| Other amounts receivable | 291 | - | €157,500 | +€157,500 | |
| Stocks and contracts in progress | 3 | €206,521 | €153,260 | -€53,260 | -25.8% |
| Stocks | 30/36 | €206,521 | €153,260 | -€53,260 | -25.8% |
| Amounts receivable within one year | 40/41 | €8,528 | €10,463 | +€1,935 | +22.7% |
| Trade receivables | 40 | €1,588 | €1,588 | = | 0.0% |
| Other amounts receivable | 41 | €6,940 | €8,875 | +€1,935 | +27.9% |
| Cash at bank and in hand | 54/58 | - | €9,981 | +€9,981 | |
| Deferred charges and accrued income | 490/1 | €644 | €644 | = | 0.0% |
| Total equity and liabilities | 10/49 | €215,692 | €331,848 | +€116,156 | +53.9% |
| Equity | 10/15 | -€132,841 | -€66,654 | +€66,187 | +49.8% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €10,987 | €10,987 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €6,487 | €6,487 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,828 | -€122,641 | +€66,187 | +35.1% |
| Amounts payable | 17/49 | €348,533 | €398,502 | +€49,969 | +14.3% |
| Amounts payable within one year | 42/48 | €348,533 | €398,502 | +€49,969 | +14.3% |
| Financial debts | 43 | €150,922 | - | -€150,922 | |
| Credit institutions | 430/8 | €150,922 | - | -€150,922 | |
| Trade debts | 44 | €694 | €585 | -€110 | -15.8% |
| Suppliers | 440/4 | €694 | €585 | -€110 | -15.8% |
| Other amounts payable | 47/48 | €196,917 | €397,917 | +€201,000 | +102% |
| Other operating charges | 640/8 | €124 | €537 | +€413 | +333% |
| Gross operating margin | 9900 | -€3,478 | €68,138 | +€71,616 | |
| Operating profit (loss) | 9901 | -€3,602 | €67,601 | +€71,203 | |
| Financial charges | 65/66B | €7,673 | €1,414 | -€6,259 | -81.6% |
| Recurring financial charges | 65 | €7,673 | €1,414 | -€6,259 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,275 | €66,187 | +€77,462 | |
| Profit (loss) for the period | 9904 | -€11,275 | €66,187 | +€77,462 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,275 | €66,187 | +€77,462 |
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 25 October 2026 via checked.be.