L.G.T.: 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.T.
Largest movements
- Tangible fixed assets -€12,873
down €12,873 (-8.2%), from €156,900 to €144,027
- Current investments +€8,001
up €8,001 (+33.2%), from €24,068 to €32,069
- Stocks and contracts -€2,666
down €2,666 (-12.0%), from €22,138 to €19,472
- Other debts +€13,761
up €13,761 (+538%), from €2,556 to €16,316
- Debts after one year -€8,105
down €8,105 (-23.3%), from €34,713 to €26,607
- Trade debts -€4,759
down €4,759 (-58.7%), from €8,113 to €3,354
- Tax, wage and social debts -€3,093
down €3,093 (-50.7%), from €6,102 to €3,009
of which Remuneration and social security: -€3,783
- Reserves -€2,759
down €2,759 (-2.5%), from €108,857 to €106,098
of which Tax-exempt reserves: -€2,774
- Gross operating margin +€21,420
up €21,420 (+37.1%), from €57,814 to €79,234
- Taxes +€1,350
up €1,350 (+4,625%), from €29 to €1,379
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 | €211,345 | €205,022 | -€6,324 | -3.0% |
| Fixed assets | 21/28 | €156,925 | €144,051 | -€12,873 | -8.2% |
| Tangible fixed assets | 22/27 | €156,900 | €144,027 | -€12,873 | -8.2% |
| Land and buildings | 22 | €109,533 | €105,400 | -€4,133 | -3.8% |
| Plant, machinery and equipment | 23 | €31,559 | €27,325 | -€4,234 | -13.4% |
| Furniture and vehicles | 24 | €15,807 | €11,302 | -€4,506 | -28.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €54,420 | €60,970 | +€6,550 | +12.0% |
| Stocks and contracts in progress | 3 | €22,138 | €19,472 | -€2,666 | -12.0% |
| Stocks | 30/36 | €22,138 | €19,472 | -€2,666 | -12.0% |
| Amounts receivable within one year | 40/41 | €3,370 | €4,104 | +€734 | +21.8% |
| Trade receivables | 40 | - | €805 | +€805 | |
| Other amounts receivable | 41 | €3,370 | €3,299 | -€71 | -2.1% |
| Current investments | 50/53 | €24,068 | €32,069 | +€8,001 | +33.2% |
| Cash at bank and in hand | 54/58 | €2,848 | €3,274 | +€426 | +15.0% |
| Deferred charges and accrued income | 490/1 | €1,996 | €2,051 | +€55 | +2.8% |
| Total equity and liabilities | 10/49 | €211,345 | €205,022 | -€6,324 | -3.0% |
| Equity | 10/15 | €131,085 | €128,325 | -€2,759 | -2.1% |
| Contributions | 10/11 | €20,174 | €20,174 | = | 0.0% |
| Reserves | 13 | €108,857 | €106,098 | -€2,759 | -2.5% |
| Tax-exempt reserves | 132 | €47,817 | €45,043 | -€2,774 | -5.8% |
| Distributable reserves | 133 | €61,040 | €61,055 | +€15 | 0.0% |
| Profit (loss) carried forward | 14 | €2,054 | €2,054 | = | 0.0% |
| Provisions and deferred taxes | 16 | €20,086 | €18,921 | -€1,165 | -5.8% |
| Deferred taxes | 168 | €20,086 | €18,921 | -€1,165 | -5.8% |
| Amounts payable | 17/49 | €60,175 | €57,776 | -€2,399 | -4.0% |
| Amounts payable after more than one year | 17 | €34,713 | €26,607 | -€8,105 | -23.3% |
| Financial debts | 170/4 | €34,713 | €26,607 | -€8,105 | -23.3% |
| Amounts payable within one year | 42/48 | €24,478 | €30,785 | +€6,306 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €7,708 | €8,105 | +€398 | +5.2% |
| Trade debts | 44 | €8,113 | €3,354 | -€4,759 | -58.7% |
| Suppliers | 440/4 | €8,113 | €3,354 | -€4,759 | -58.7% |
| Taxes, remuneration and social security | 45 | €6,102 | €3,009 | -€3,093 | -50.7% |
| Taxes | 450/3 | €691 | €1,380 | +€690 | +99.9% |
| Remuneration and social security | 454/9 | €5,411 | €1,629 | -€3,783 | -69.9% |
| Other amounts payable | 47/48 | €2,556 | €16,316 | +€13,761 | +538% |
| Accrued charges and deferred income | 492/3 | €984 | €384 | -€600 | -61.0% |
| Non-recurring operating income | 76A | €5,569 | - | -€5,569 | |
| Remuneration, social security and pensions | 62 | €50,243 | €50,642 | +€399 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,023 | €13,654 | +€632 | +4.9% |
| Other operating charges | 640/8 | €2,398 | €2,447 | +€49 | +2.0% |
| Gross operating margin | 9900 | €57,814 | €79,234 | +€21,420 | +37.1% |
| Operating profit (loss) | 9901 | -€7,849 | €12,491 | +€20,340 | |
| Financial income | 75/76B | €930 | €1,029 | +€100 | +10.7% |
| Recurring financial income | 75 | €930 | €1,029 | +€100 | +10.7% |
| Financial charges | 65/66B | €2,141 | €2,276 | +€135 | +6.3% |
| Recurring financial charges | 65 | €2,141 | €2,276 | +€135 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,060 | €11,245 | +€20,305 | |
| Transfer from deferred taxes | 780 | €1,165 | €1,165 | = | 0.0% |
| Income taxes | 67/77 | €29 | €1,379 | +€1,350 | +4,625% |
| Profit (loss) for the period | 9904 | -€7,924 | €11,031 | +€18,955 | |
| Transfer from tax-exempt reserves | 789 | €2,774 | €2,774 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,150 | €13,805 | +€18,955 |
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 18 October 2026 via checked.be.