L.G.A. & C°: 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.G.A. & C°
Largest movements
- Tangible fixed assets -€1.1m
no longer reported in 2025 (was €1.1m)
of which Land and buildings: -€1.0m
- Receivables within one year +€411,044
up €411,044 (+2,096%), from €19,614 to €430,658
of which Other amounts receivable: +€399,144
- Debts after one year -€639,575
down €639,575 (-70.2%), from €910,923 to €271,348
- Profit (loss) carried forward +€56,875
up €56,875, from -€47,983 to €8,892
- Trade debts -€47,198
down €47,198 (-73.0%), from €64,667 to €17,469
- Current portion of long-term debt -€41,296
down €41,296 (-76.4%), from €54,037 to €12,741
- Tax, wage and social debts +€23,985
up €23,985 (+243%), from €9,852 to €33,837
- Depreciation -€44,428
no longer reported in 2025 (was €44,428)
- Gross operating margin +€14,981
up €14,981 (+22.4%), from €66,768 to €81,749
- Financial income +€12,178
new in 2025: €12,178
- Taxes +€10,578
up €10,578 (+8,224%), from €129 to €10,707
- Financial charges +€3,962
up €3,962 (+18.4%), from €21,528 to €25,490
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 | €1,121,826 | €470,625 | -€651,201 | -58.0% |
| Fixed assets | 21/28 | €1,099,114 | €37,251 | -€1.1m | -96.6% |
| Tangible fixed assets | 22/27 | €1,061,863 | - | -€1.1m | |
| Land and buildings | 22 | €1,048,651 | - | -€1.0m | |
| Plant, machinery and equipment | 23 | €11,430 | - | -€11,430 | |
| Furniture and vehicles | 24 | €1,782 | - | -€1,782 | |
| Financial fixed assets | 28 | €37,251 | €37,251 | = | 0.0% |
| Current assets | 29/58 | €22,713 | €433,374 | +€410,661 | +1,808% |
| Amounts receivable within one year | 40/41 | €19,614 | €430,658 | +€411,044 | +2,096% |
| Trade receivables | 40 | €5,600 | €17,500 | +€11,900 | +213% |
| Other amounts receivable | 41 | €14,014 | €413,158 | +€399,144 | +2,848% |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,999 | €2,616 | -€383 | -12.8% |
| Total equity and liabilities | 10/49 | €1,121,826 | €470,625 | -€651,201 | -58.0% |
| Equity | 10/15 | €64,350 | €121,225 | +€56,875 | +88.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €111,333 | €111,333 | = | 0.0% |
| Distributable reserves | 133 | €111,333 | €111,333 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,983 | €8,892 | +€56,875 | |
| Amounts payable | 17/49 | €1,057,476 | €349,400 | -€708,076 | -67.0% |
| Amounts payable after more than one year | 17 | €910,923 | €271,348 | -€639,575 | -70.2% |
| Financial debts | 170/4 | €910,923 | €271,348 | -€639,575 | -70.2% |
| Amounts payable within one year | 42/48 | €146,553 | €78,052 | -€68,501 | -46.7% |
| Current portion of amounts payable after more than one year | 42 | €54,037 | €12,741 | -€41,296 | -76.4% |
| Trade debts | 44 | €64,667 | €17,469 | -€47,198 | -73.0% |
| Suppliers | 440/4 | €64,667 | €17,469 | -€47,198 | -73.0% |
| Advances received on contracts in progress | 46 | €17,100 | - | -€17,100 | |
| Taxes, remuneration and social security | 45 | €9,852 | €33,837 | +€23,985 | +243% |
| Taxes | 450/3 | €9,852 | €33,837 | +€23,985 | +243% |
| Other amounts payable | 47/48 | €898 | €14,005 | +€13,107 | +1,460% |
| Non-recurring operating income | 76A | - | €100,425 | +€100,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,428 | - | -€44,428 | |
| Other operating charges | 640/8 | €1,706 | €856 | -€850 | -49.8% |
| Gross operating margin | 9900 | €66,768 | €81,749 | +€14,981 | +22.4% |
| Operating profit (loss) | 9901 | €20,635 | €80,893 | +€60,258 | +292% |
| Financial income | 75/76B | - | €12,178 | +€12,178 | |
| Recurring financial income | 75 | - | €12,178 | +€12,178 | |
| Financial charges | 65/66B | €21,528 | €25,490 | +€3,962 | +18.4% |
| Recurring financial charges | 65 | €21,528 | €25,490 | +€3,962 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | -€893 | €67,581 | +€68,475 | |
| Income taxes | 67/77 | €129 | €10,707 | +€10,578 | +8,224% |
| Profit (loss) for the period | 9904 | -€1,022 | €56,875 | +€57,897 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,022 | €56,875 | +€57,897 |
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 20 October 2026 via checked.be.