LG: what changed
Two fiscal 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.
LG
Largest movements
- Tangible fixed assets -€7,634
down €7,634 (-2.8%), from €274,659 to €267,025
- Debts after one year -€10,945
down €10,945 (-5.9%), from €185,009 to €174,065
- Gross operating margin -€835
down €835 (-4.5%), from €18,558 to €17,723
- Taxes -€386
down €386 (-40.7%), from €950 to €563
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.
Cash bridge derived
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 | €281,682 | €275,303 | -€6,379 | -2.3% |
| Fixed assets | 21/28 | €280,859 | €273,225 | -€7,634 | -2.7% |
| Tangible fixed assets | 22/27 | €274,659 | €267,025 | -€7,634 | -2.8% |
| Land and buildings | 22 | €274,659 | €267,025 | -€7,634 | -2.8% |
| Financial fixed assets | 28 | €6,200 | €6,200 | = | 0.0% |
| Current assets | 29/58 | €824 | €2,078 | +€1,255 | +152.3% |
| Amounts receivable within one year | 40/41 | €271 | €29 | -€242 | -89.2% |
| Trade receivables | 40 | €271 | €29 | -€242 | -89.2% |
| Cash at bank and in hand | 54/58 | €552 | €2,049 | +€1,497 | +271.1% |
| Total equity and liabilities | 10/49 | €281,682 | €275,303 | -€6,379 | -2.3% |
| Equity | 10/15 | €51,980 | €53,393 | +€1,413 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,380 | €34,793 | +€1,413 | +4.2% |
| Distributable reserves | 133 | €33,380 | €34,793 | +€1,413 | +4.2% |
| Amounts payable | 17/49 | €229,702 | €221,910 | -€7,792 | -3.4% |
| Amounts payable after more than one year | 17 | €185,009 | €174,065 | -€10,945 | -5.9% |
| Financial debts | 170/4 | €185,009 | €174,065 | -€10,945 | -5.9% |
| Amounts payable within one year | 42/48 | €18,526 | €18,955 | +€429 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €15,595 | €15,945 | +€350 | +2.2% |
| Trade debts | 44 | - | €6 | +€6 | |
| Suppliers | 440/4 | - | €6 | +€6 | |
| Taxes, remuneration and social security | 45 | €2,931 | €1,504 | -€1,427 | -48.7% |
| Taxes | 450/3 | €2,931 | €1,504 | -€1,427 | -48.7% |
| Other amounts payable | 47/48 | - | €1,500 | +€1,500 | |
| Accrued charges and deferred income | 492/3 | €26,166 | €28,890 | +€2,724 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,733 | €7,790 | +€57 | +0.7% |
| Other operating charges | 640/8 | €2,234 | €2,302 | +€68 | +3.1% |
| Gross operating margin | 9900 | €18,558 | €17,723 | -€835 | -4.5% |
| Operating profit (loss) | 9901 | €8,592 | €7,632 | -€960 | -11.2% |
| Financial charges | 65/66B | €5,788 | €5,656 | -€132 | -2.3% |
| Recurring financial charges | 65 | €5,788 | €5,656 | -€132 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €2,804 | €1,976 | -€828 | -29.5% |
| Income taxes | 67/77 | €950 | €563 | -€386 | -40.7% |
| Profit (loss) for the period | 9904 | €1,854 | €1,413 | -€442 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,854 | €1,413 | -€442 | -23.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.