L.G.L.: 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.L.
Largest movements
- Receivables within one year -€9,428
down €9,428 (-73.0%), from €12,914 to €3,486
of which Trade receivables: -€9,472
- Cash -€8,981
down €8,981 (-50.1%), from €17,924 to €8,944
mainly Other debts (-€19,216) and Net result for the year (-€14,529)
- Tangible fixed assets -€3,366
down €3,366 (-30.7%), from €10,967 to €7,602
of which Furniture and vehicles: -€2,018
- Stocks and contracts -€2,350
down €2,350 (-24.7%), from €9,500 to €7,150
- Intangible fixed assets -€1,094
down €1,094 (-21.7%), from €5,036 to €3,942
- Other debts -€19,216
down €19,216 (-37.8%), from €50,769 to €31,553
- Profit (loss) carried forward -€14,529
down €14,529 (-78.1%), from -€18,608 to -€33,137
- Contributions +€7,400
up €7,400 (+66.1%), from €11,200 to €18,600
- Trade debts +€2,453
up €2,453 (+27.2%), from €9,013 to €11,466
- Tax, wage and social debts -€1,120
down €1,120 (-27.7%), from €4,048 to €2,928
of which Remuneration and social security: -€915
- Gross operating margin -€7,546
down €7,546 (-25.5%), from €29,596 to €22,049
- Staff costs +€5,657
up €5,657 (+28.0%), from €20,220 to €25,877
- Other operating charges +€4,395
up €4,395 (+440%), from €998 to €5,393
- Depreciation -€1,270
down €1,270 (-22.2%), from €5,729 to €4,459
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 | €56,422 | €31,410 | -€25,012 | -44.3% |
| Fixed assets | 21/28 | €16,055 | €11,596 | -€4,459 | -27.8% |
| Intangible fixed assets | 21 | €5,036 | €3,942 | -€1,094 | -21.7% |
| Tangible fixed assets | 22/27 | €10,967 | €7,602 | -€3,366 | -30.7% |
| Plant, machinery and equipment | 23 | €8,067 | €6,719 | -€1,348 | -16.7% |
| Furniture and vehicles | 24 | €2,900 | €882 | -€2,018 | -69.6% |
| Financial fixed assets | 28 | €52 | €52 | = | 0.0% |
| Current assets | 29/58 | €40,367 | €19,814 | -€20,553 | -50.9% |
| Stocks and contracts in progress | 3 | €9,500 | €7,150 | -€2,350 | -24.7% |
| Stocks | 30/36 | €9,500 | €7,150 | -€2,350 | -24.7% |
| Amounts receivable within one year | 40/41 | €12,914 | €3,486 | -€9,428 | -73.0% |
| Trade receivables | 40 | €9,472 | - | -€9,472 | |
| Other amounts receivable | 41 | €3,442 | €3,486 | +€44 | +1.3% |
| Cash at bank and in hand | 54/58 | €17,924 | €8,944 | -€8,981 | -50.1% |
| Deferred charges and accrued income | 490/1 | €28 | €234 | +€206 | +725% |
| Total equity and liabilities | 10/49 | €56,422 | €31,410 | -€25,012 | -44.3% |
| Equity | 10/15 | -€7,408 | -€14,537 | -€7,129 | -96.2% |
| Contributions | 10/11 | €11,200 | €18,600 | +€7,400 | +66.1% |
| Profit (loss) carried forward | 14 | -€18,608 | -€33,137 | -€14,529 | -78.1% |
| Amounts payable | 17/49 | €63,830 | €45,947 | -€17,883 | -28.0% |
| Amounts payable within one year | 42/48 | €63,830 | €45,947 | -€17,883 | -28.0% |
| Trade debts | 44 | €9,013 | €11,466 | +€2,453 | +27.2% |
| Suppliers | 440/4 | €9,013 | €11,466 | +€2,453 | +27.2% |
| Taxes, remuneration and social security | 45 | €4,048 | €2,928 | -€1,120 | -27.7% |
| Taxes | 450/3 | €523 | €318 | -€205 | -39.1% |
| Remuneration and social security | 454/9 | €3,525 | €2,609 | -€915 | -26.0% |
| Other amounts payable | 47/48 | €50,769 | €31,553 | -€19,216 | -37.8% |
| Remuneration, social security and pensions | 62 | €20,220 | €25,877 | +€5,657 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,729 | €4,459 | -€1,270 | -22.2% |
| Other operating charges | 640/8 | €998 | €5,393 | +€4,395 | +440% |
| Gross operating margin | 9900 | €29,596 | €22,049 | -€7,546 | -25.5% |
| Operating profit (loss) | 9901 | €2,649 | -€13,679 | -€16,328 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +467% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +467% |
| Financial charges | 65/66B | €1,098 | €850 | -€248 | -22.6% |
| Recurring financial charges | 65 | €1,098 | €850 | -€248 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €1,551 | -€14,529 | -€16,080 | |
| Profit (loss) for the period | 9904 | €1,551 | -€14,529 | -€16,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,551 | -€14,529 | -€16,080 |
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 28 October 2026 via checked.be.