L.C. & G.M.: 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.M.
Largest movements
- Tangible fixed assets -€63,335
down €63,335 (-5.9%), from €1.1m to €1.0m
- Cash -€20,560
down €20,560 (-37.9%), from €54,179 to €33,619
mainly Debts after one year (-€67,072) and Net result for the year (-€48,569)
- Debts after one year -€67,072
down €67,072 (-9.6%), from €702,275 to €635,202
of which Financial debts: -€74,572
- Profit (loss) carried forward -€48,569
down €48,569 (-45.1%), from -€107,683 to -€156,252
- Current portion of long-term debt +€20,096
up €20,096 (+59.7%), from €33,655 to €53,751
- Gross operating margin +€69,580
up €69,580, from -€19,794 to €49,786
- Depreciation +€27,500
up €27,500 (+76.7%), from €35,835 to €63,335
- Financial charges +€17,518
up €17,518 (+210%), from €8,341 to €25,859
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 | €1,161,632 | €1,075,404 | -€86,228 | -7.4% |
| Fixed assets | 21/28 | €1,077,754 | €1,014,419 | -€63,335 | -5.9% |
| Tangible fixed assets | 22/27 | €1,077,754 | €1,014,419 | -€63,335 | -5.9% |
| Land and buildings | 22 | €1,077,754 | €1,014,419 | -€63,335 | -5.9% |
| Current assets | 29/58 | €83,878 | €60,986 | -€22,892 | -27.3% |
| Amounts receivable within one year | 40/41 | €26,856 | €26,856 | = | 0.0% |
| Trade receivables | 40 | €16,856 | €16,856 | = | 0.0% |
| Other amounts receivable | 41 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,179 | €33,619 | -€20,560 | -37.9% |
| Deferred charges and accrued income | 490/1 | €2,843 | €511 | -€2,332 | -82.0% |
| Total equity and liabilities | 10/49 | €1,161,632 | €1,075,404 | -€86,228 | -7.4% |
| Equity | 10/15 | -€82,683 | -€131,252 | -€48,569 | -58.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,683 | -€156,252 | -€48,569 | -45.1% |
| Amounts payable | 17/49 | €1,244,315 | €1,206,656 | -€37,659 | -3.0% |
| Amounts payable after more than one year | 17 | €702,275 | €635,202 | -€67,072 | -9.6% |
| Financial debts | 170/4 | €691,175 | €616,602 | -€74,572 | -10.8% |
| Other amounts payable | 178/9 | €11,100 | €18,600 | +€7,500 | +67.6% |
| Amounts payable within one year | 42/48 | €542,040 | €571,454 | +€29,414 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €33,655 | €53,751 | +€20,096 | +59.7% |
| Trade debts | 44 | €2,832 | €1,477 | -€1,355 | -47.8% |
| Suppliers | 440/4 | €2,832 | €1,477 | -€1,355 | -47.8% |
| Other amounts payable | 47/48 | €505,554 | €516,226 | +€10,672 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,835 | €63,335 | +€27,500 | +76.7% |
| Other operating charges | 640/8 | €8,915 | €9,161 | +€246 | +2.8% |
| Gross operating margin | 9900 | -€19,794 | €49,786 | +€69,580 | |
| Operating profit (loss) | 9901 | -€64,545 | -€22,710 | +€41,834 | +64.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,341 | €25,859 | +€17,518 | +210% |
| Recurring financial charges | 65 | €8,341 | €25,859 | +€17,518 | +210% |
| Profit (loss) for the period before taxes | 9903 | -€72,885 | -€48,569 | +€24,316 | +33.4% |
| Profit (loss) for the period | 9904 | -€72,885 | -€48,569 | +€24,316 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,885 | -€48,569 | +€24,316 | +33.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.