L.G.S.: 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.S.
Largest movements
- Receivables within one year -€38,402
down €38,402 (-46.4%), from €82,743 to €44,341
of which Other amounts receivable: -€37,441
- Tangible fixed assets +€12,540
up €12,540 (+43.8%), from €28,653 to €41,193
of which Furniture and vehicles: +€10,851
- Other debts -€46,474
down €46,474 (-63.1%), from €73,641 to €27,167
- Reserves +€24,546
up €24,546 (+11.6%), from €211,741 to €236,287
- Gross operating margin -€16,510
down €16,510 (-16.5%), from €100,287 to €83,777
- Financial income -€2,265
down €2,265 (-75.5%), from €2,998 to €733
- Depreciation +€2,082
up €2,082 (+27.8%), from €7,496 to €9,578
- Taxes +€1,122
up €1,122 (+5.7%), from €19,787 to €20,909
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 | €312,859 | €286,528 | -€26,331 | -8.4% |
| Fixed assets | 21/28 | €28,653 | €41,193 | +€12,540 | +43.8% |
| Tangible fixed assets | 22/27 | €28,653 | €41,193 | +€12,540 | +43.8% |
| Land and buildings | 22 | €5,369 | €3,926 | -€1,442 | -26.9% |
| Plant, machinery and equipment | 23 | €4,162 | €7,294 | +€3,132 | +75.3% |
| Furniture and vehicles | 24 | €19,123 | €29,973 | +€10,851 | +56.7% |
| Current assets | 29/58 | €284,205 | €245,335 | -€38,871 | -13.7% |
| Amounts receivable within one year | 40/41 | €82,743 | €44,341 | -€38,402 | -46.4% |
| Trade receivables | 40 | €24,412 | €23,451 | -€961 | -3.9% |
| Other amounts receivable | 41 | €58,331 | €20,890 | -€37,441 | -64.2% |
| Cash at bank and in hand | 54/58 | €197,604 | €199,277 | +€1,674 | +0.8% |
| Deferred charges and accrued income | 490/1 | €3,859 | €1,716 | -€2,143 | -55.5% |
| Total equity and liabilities | 10/49 | €312,859 | €286,528 | -€26,331 | -8.4% |
| Equity | 10/15 | €217,938 | €242,484 | +€24,546 | +11.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €211,741 | €236,287 | +€24,546 | +11.6% |
| Distributable reserves | 133 | €211,741 | €236,287 | +€24,546 | +11.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,920 | €44,043 | -€50,877 | -53.6% |
| Amounts payable within one year | 42/48 | €94,920 | €44,043 | -€50,877 | -53.6% |
| Financial debts | 43 | €5,685 | €5,910 | +€225 | +4.0% |
| Credit institutions | 430/8 | €5,685 | €5,910 | +€225 | +4.0% |
| Trade debts | 44 | €6,760 | €4,171 | -€2,590 | -38.3% |
| Suppliers | 440/4 | €6,760 | €4,171 | -€2,590 | -38.3% |
| Taxes, remuneration and social security | 45 | €8,834 | €6,796 | -€2,038 | -23.1% |
| Taxes | 450/3 | €8,834 | €6,796 | -€2,038 | -23.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €73,641 | €27,167 | -€46,474 | -63.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,496 | €9,578 | +€2,082 | +27.8% |
| Other operating charges | 640/8 | €1,171 | €1,190 | +€19 | +1.6% |
| Gross operating margin | 9900 | €100,287 | €83,777 | -€16,510 | -16.5% |
| Operating profit (loss) | 9901 | €91,620 | €73,009 | -€18,611 | -20.3% |
| Financial income | 75/76B | €2,998 | €733 | -€2,265 | -75.5% |
| Recurring financial income | 75 | €2,998 | €733 | -€2,265 | -75.5% |
| Financial charges | 65/66B | €1,191 | €1,120 | -€70 | -5.9% |
| Recurring financial charges | 65 | €1,191 | €1,120 | -€70 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €93,427 | €72,622 | -€20,805 | -22.3% |
| Income taxes | 67/77 | €19,787 | €20,909 | +€1,122 | +5.7% |
| Profit (loss) for the period | 9904 | €73,641 | €51,713 | -€21,928 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,641 | €51,713 | -€21,928 | -29.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.