L G MANAGEMENT: 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.
What changed
L G MANAGEMENT
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€106,789
2024 · -€73,919-€32,870
Equity
€10.4m
2024 · €10.5m-€106,790
Cash
€15,259
2024 · €110,766-€95,507
Balance sheet total
€13.2m
2024 · €13.1m+€136,144
Largest movements
Assets
- Receivables after one year -€748,757
down €748,757 (-9.0%), from €8.3m to €7.6m
- Tangible fixed assets +€678,141
up €678,141 (+25.5%), from €2.7m to €3.3m
of which Land and buildings: +€659,620
- Financial fixed assets +€451,000
up €451,000 (+40.9%), from €1.1m to €1.6m
- Receivables within one year -€147,173
down €147,173 (-19.7%), from €747,843 to €600,670
of which Other amounts receivable: -€144,722
Equity and liabilities
- Other debts +€424,930
up €424,930 (+40.9%), from €1.0m to €1.5m
- Debts after one year -€134,645
down €134,645 (-11.0%), from €1.2m to €1.1m
Income statement
- Financial income +€86,648
up €86,648 (+31.1%), from €278,396 to €365,044
- Financial charges -€56,283
down €56,283 (-29.9%), from €188,495 to €132,212
- Taxes +€25,982
up €25,982 (+412%), from €6,309 to €32,291
- Gross operating margin +€5,268
up €5,268 (+6.6%), from -€79,487 to -€74,219
- Other operating charges +€4,435
up €4,435 (+46.2%), from €9,597 to €14,032
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.
Result 2024
-€73,919
Gross operating margin
+€5,268
Staff costs
-€741
Depreciation
-€3,304
Other operating charges
-€4,435
Other operating items
-€146,607
Financial income
+€86,648
Financial charges
+€56,283
Taxes
-€25,982
Result 2025
-€106,789
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€1.2m
Financing
-€153,538
Cash 2024
€110,766
From operations (derived)
+€1.2m
Net result for the year
-€106,789
Depreciation
+€40,434
Receivables after one year
+€748,757
Receivables within one year
+€147,173
Deferred charges and accrued income
+€1,553
Trade debts
-€21,795
Tax, wage and social debts
-€18,213
Other debts
+€424,930
Accrued charges and deferred income
+€11,549
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Current investments
+€7
Financing
-€153,538
Debts after one year
-€134,645
Current portion of long-term debt
-€18,892
Contributions, distributions and other
-€1
Cash 2025
€15,259
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,093,569 | €13,229,713 | +€136,144 | +1.0% |
| Fixed assets | 21/28 | €3,764,497 | €4,893,638 | +€1.1m | +30.0% |
| Tangible fixed assets | 22/27 | €2,661,272 | €3,339,413 | +€678,141 | +25.5% |
| Land and buildings | 22 | €2,528,875 | €3,188,495 | +€659,620 | +26.1% |
| Plant, machinery and equipment | 23 | €53,994 | €39,612 | -€14,382 | -26.6% |
| Furniture and vehicles | 24 | €52,575 | €72,949 | +€20,374 | +38.8% |
| Other tangible fixed assets | 26 | €25,828 | €22,208 | -€3,620 | -14.0% |
| Assets under construction and advance payments | 27 | - | €16,149 | +€16,149 | |
| Financial fixed assets | 28 | €1,103,225 | €1,554,225 | +€451,000 | +40.9% |
| Current assets | 29/58 | €9,329,072 | €8,336,075 | -€992,997 | -10.6% |
| Amounts receivable after more than one year | 29 | €8,326,633 | €7,577,876 | -€748,757 | -9.0% |
| Other amounts receivable | 291 | €8,326,633 | €7,577,876 | -€748,757 | -9.0% |
| Amounts receivable within one year | 40/41 | €747,843 | €600,670 | -€147,173 | -19.7% |
| Trade receivables | 40 | €15,156 | €12,705 | -€2,451 | -16.2% |
| Other amounts receivable | 41 | €732,687 | €587,965 | -€144,722 | -19.8% |
| Current investments | 50/53 | €29 | €22 | -€7 | -24.1% |
| Cash at bank and in hand | 54/58 | €110,766 | €15,259 | -€95,507 | -86.2% |
| Deferred charges and accrued income | 490/1 | €143,801 | €142,248 | -€1,553 | -1.1% |
| Total equity and liabilities | 10/49 | €13,093,569 | €13,229,713 | +€136,144 | +1.0% |
| Equity | 10/15 | €10,519,798 | €10,413,008 | -€106,790 | -1.0% |
| Contributions | 10/11 | €289,368 | €289,368 | = | 0.0% |
| Capital | 10 | €289,368 | €289,368 | = | 0.0% |
| Issued capital | 100 | €299,600 | €299,600 | = | 0.0% |
| Uncalled capital | 101 | €10,232 | €10,232 | = | 0.0% |
| Reserves | 13 | €178,410 | €178,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,960 | €29,960 | = | 0.0% |
| Legal reserve | 130 | €29,960 | €29,960 | = | 0.0% |
| Tax-exempt reserves | 132 | €148,450 | €148,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,052,020 | €9,945,230 | -€106,790 | -1.1% |
| Amounts payable | 17/49 | €2,573,771 | €2,816,705 | +€242,934 | +9.4% |
| Amounts payable after more than one year | 17 | €1,227,395 | €1,092,750 | -€134,645 | -11.0% |
| Financial debts | 170/4 | €1,227,395 | €1,092,750 | -€134,645 | -11.0% |
| Amounts payable within one year | 42/48 | €1,281,263 | €1,647,293 | +€366,030 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €164,500 | €145,608 | -€18,892 | -11.5% |
| Trade debts | 44 | €49,731 | €27,936 | -€21,795 | -43.8% |
| Suppliers | 440/4 | €49,731 | €27,936 | -€21,795 | -43.8% |
| Taxes, remuneration and social security | 45 | €27,710 | €9,497 | -€18,213 | -65.7% |
| Taxes | 450/3 | €22,753 | €6,005 | -€16,748 | -73.6% |
| Remuneration and social security | 454/9 | €4,957 | €3,492 | -€1,465 | -29.6% |
| Other amounts payable | 47/48 | €1,039,322 | €1,464,252 | +€424,930 | +40.9% |
| Accrued charges and deferred income | 492/3 | €65,113 | €76,662 | +€11,549 | +17.7% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €31,297 | €32,038 | +€741 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,130 | €40,434 | +€3,304 | +8.9% |
| Other operating charges | 640/8 | €9,597 | €14,032 | +€4,435 | +46.2% |
| Non-recurring operating charges | 66A | - | €146,607 | +€146,607 | |
| Gross operating margin | 9900 | -€79,487 | -€74,219 | +€5,268 | +6.6% |
| Operating profit (loss) | 9901 | -€157,511 | -€307,330 | -€149,819 | -95.1% |
| Financial income | 75/76B | €278,396 | €365,044 | +€86,648 | +31.1% |
| Recurring financial income | 75 | €278,396 | €365,044 | +€86,648 | +31.1% |
| Financial charges | 65/66B | €188,495 | €132,212 | -€56,283 | -29.9% |
| Recurring financial charges | 65 | €188,495 | €132,212 | -€56,283 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | -€67,610 | -€74,498 | -€6,888 | -10.2% |
| Income taxes | 67/77 | €6,309 | €32,291 | +€25,982 | +412% |
| Profit (loss) for the period | 9904 | -€73,919 | -€106,789 | -€32,870 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,919 | -€106,789 | -€32,870 | -44.5% |
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 22 October 2026 via checked.be.