LFG: 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.
LFG
Largest movements
- Receivables within one year +€56,953
up €56,953 (+278%), from €20,520 to €77,473
of which Other amounts receivable: +€37,220
- Tangible fixed assets +€41,499
up €41,499 (+1,405%), from €2,954 to €44,453
of which Leasing and similar rights: +€42,726
- Debts after one year +€46,742
new in 2025: €46,742
- Reserves +€22,000
new in 2025: €22,000
- Current portion of long-term debt +€17,206
new in 2025: €17,206
- Tax, wage and social debts +€12,411
up €12,411 (+127%), from €9,777 to €22,188
of which Taxes: +€10,242
- Trade debts +€11,934
new in 2025: €11,934
- Depreciation +€9,007
up €9,007 (+1,242%), from €725 to €9,732
- Gross operating margin +€5,179
up €5,179 (+24.0%), from €21,623 to €26,802
- Financial charges +€3,298
up €3,298 (+16,764%), from €20 to €3,317
- Taxes -€1,426
down €1,426 (-28.5%), from €5,000 to €3,574
- Financial income +€1,355
up €1,355 (+185,603%), from €1 to €1,356
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 | €24,248 | €122,621 | +€98,373 | +406% |
| Fixed assets | 21/28 | €2,954 | €44,453 | +€41,499 | +1,405% |
| Tangible fixed assets | 22/27 | €2,954 | €44,453 | +€41,499 | +1,405% |
| Plant, machinery and equipment | 23 | €636 | €352 | -€284 | -44.6% |
| Furniture and vehicles | 24 | €2,318 | €1,375 | -€943 | -40.7% |
| Leasing and similar rights | 25 | - | €42,726 | +€42,726 | |
| Current assets | 29/58 | €21,294 | €78,168 | +€56,874 | +267% |
| Amounts receivable within one year | 40/41 | €20,520 | €77,473 | +€56,953 | +278% |
| Trade receivables | 40 | €8,265 | €27,998 | +€19,733 | +239% |
| Other amounts receivable | 41 | €12,255 | €49,475 | +€37,220 | +304% |
| Cash at bank and in hand | 54/58 | €774 | €56 | -€718 | -92.7% |
| Deferred charges and accrued income | 490/1 | - | €638 | +€638 | |
| Total equity and liabilities | 10/49 | €24,248 | €122,621 | +€98,373 | +406% |
| Equity | 10/15 | €14,471 | €24,551 | +€10,081 | +69.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €22,000 | +€22,000 | |
| Distributable reserves | 133 | - | €22,000 | +€22,000 | |
| Profit (loss) carried forward | 14 | €13,971 | €2,051 | -€11,919 | -85.3% |
| Amounts payable | 17/49 | €9,777 | €98,069 | +€88,292 | +903% |
| Amounts payable after more than one year | 17 | - | €46,742 | +€46,742 | |
| Financial debts | 170/4 | - | €46,742 | +€46,742 | |
| Amounts payable within one year | 42/48 | €9,777 | €51,327 | +€41,550 | +425% |
| Current portion of amounts payable after more than one year | 42 | - | €17,206 | +€17,206 | |
| Trade debts | 44 | - | €11,934 | +€11,934 | |
| Suppliers | 440/4 | - | €11,934 | +€11,934 | |
| Taxes, remuneration and social security | 45 | €9,777 | €22,188 | +€12,411 | +127% |
| Taxes | 450/3 | €9,777 | €20,020 | +€10,242 | +105% |
| Remuneration and social security | 454/9 | - | €2,168 | +€2,168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €9,732 | +€9,007 | +1,242% |
| Other operating charges | 640/8 | €1,908 | €1,454 | -€454 | -23.8% |
| Gross operating margin | 9900 | €21,623 | €26,802 | +€5,179 | +24.0% |
| Operating profit (loss) | 9901 | €18,990 | €15,616 | -€3,374 | -17.8% |
| Financial income | 75/76B | €1 | €1,356 | +€1,355 | +185,603% |
| Recurring financial income | 75 | €1 | €1,356 | +€1,355 | +185,603% |
| Financial charges | 65/66B | €20 | €3,317 | +€3,298 | +16,764% |
| Recurring financial charges | 65 | €20 | €3,317 | +€3,298 | +16,764% |
| Profit (loss) for the period before taxes | 9903 | €18,971 | €13,654 | -€5,317 | -28.0% |
| Income taxes | 67/77 | €5,000 | €3,574 | -€1,426 | -28.5% |
| Profit (loss) for the period | 9904 | €13,971 | €10,081 | -€3,890 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,971 | €10,081 | -€3,890 | -27.8% |
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 15 October 2026 via checked.be.