LGA: what changed
What changed
LGA
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€1,580
2024 · €19,248-€17,667
Equity
€217,144
2024 · €215,564+€1,580
Cash
€12,751
2024 · €19,835-€7,084
Balance sheet total
€325,886
2024 · €374,076-€48,190
Largest movements
Assets
- Tangible fixed assets -€34,737
down €34,737 (-11.8%), from €293,293 to €258,556
of which Leasing and similar rights: -€25,980
- Cash -€7,084
down €7,084 (-35.7%), from €19,835 to €12,751
mainly Debts after one year (-€47,085) and Tax, wage and social debts (-€2,535)
- Receivables within one year -€6,020
down €6,020 (-11.1%), from €54,347 to €48,327
of which Other amounts receivable: -€4,176
Equity and liabilities
- Debts after one year -€47,085
down €47,085 (-59.8%), from €78,759 to €31,674
Income statement
- Gross operating margin -€37,527
down €37,527 (-41.9%), from €89,589 to €52,062
- Financial charges -€7,697
down €7,697 (-41.9%), from €18,369 to €10,672
- Taxes -€7,220
down €7,220 (-76.1%), from €9,481 to €2,261
- Other operating charges -€5,337
down €5,337 (-72.3%), from €7,379 to €2,042
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€19,248
Gross operating margin
-€37,527
Depreciation
-€630
Other operating charges
+€5,337
Financial income
+€236
Financial charges
+€7,697
Taxes
+€7,220
Result 2025
€1,580
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€40,701
Investment
-€660
Financing
-€47,125
Cash 2024
€19,835
From operations (derived)
+€40,701
Net result for the year
+€1,580
Depreciation
+€35,746
Receivables within one year
+€6,020
Trade debts
-€111
Tax, wage and social debts
-€2,535
Investment (derived)
-€660
Investment in fixed assets (net)
-€660
Financing
-€47,125
Debts after one year
-€47,085
Current portion of long-term debt
-€40
Cash 2025
€12,751
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €374,076 | €325,886 | -€48,190 | -12.9% |
| Fixed assets | 21/28 | €299,894 | €264,808 | -€35,086 | -11.7% |
| Intangible fixed assets | 21 | €349 | - | -€349 | |
| Tangible fixed assets | 22/27 | €293,293 | €258,556 | -€34,737 | -11.8% |
| Land and buildings | 22 | €193,141 | €186,542 | -€6,599 | -3.4% |
| Plant, machinery and equipment | 23 | €16,956 | €15,226 | -€1,731 | -10.2% |
| Furniture and vehicles | 24 | €926 | €499 | -€428 | -46.2% |
| Leasing and similar rights | 25 | €82,270 | €56,290 | -€25,980 | -31.6% |
| Financial fixed assets | 28 | €6,251 | €6,251 | = | 0.0% |
| Current assets | 29/58 | €74,182 | €61,078 | -€13,104 | -17.7% |
| Amounts receivable within one year | 40/41 | €54,347 | €48,327 | -€6,020 | -11.1% |
| Trade receivables | 40 | €47,795 | €45,951 | -€1,844 | -3.9% |
| Other amounts receivable | 41 | €6,552 | €2,376 | -€4,176 | -63.7% |
| Cash at bank and in hand | 54/58 | €19,835 | €12,751 | -€7,084 | -35.7% |
| Total equity and liabilities | 10/49 | €374,076 | €325,886 | -€48,190 | -12.9% |
| Equity | 10/15 | €215,564 | €217,144 | +€1,580 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,860 | €37,440 | +€1,580 | +4.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €34,000 | €35,580 | +€1,580 | +4.6% |
| Profit (loss) carried forward | 14 | €173,504 | €173,504 | = | 0.0% |
| Amounts payable | 17/49 | €158,513 | €108,742 | -€49,771 | -31.4% |
| Amounts payable after more than one year | 17 | €78,759 | €31,674 | -€47,085 | -59.8% |
| Financial debts | 170/4 | €78,759 | €31,674 | -€47,085 | -59.8% |
| Amounts payable within one year | 42/48 | €79,753 | €77,068 | -€2,685 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €49,066 | €49,026 | -€40 | -0.1% |
| Trade debts | 44 | €9,060 | €8,949 | -€111 | -1.2% |
| Suppliers | 440/4 | €9,060 | €8,949 | -€111 | -1.2% |
| Taxes, remuneration and social security | 45 | €21,628 | €19,093 | -€2,535 | -11.7% |
| Taxes | 450/3 | €18,528 | €17,441 | -€1,086 | -5.9% |
| Remuneration and social security | 454/9 | €3,100 | €1,651 | -€1,449 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,117 | €35,746 | +€630 | +1.8% |
| Other operating charges | 640/8 | €7,379 | €2,042 | -€5,337 | -72.3% |
| Gross operating margin | 9900 | €89,589 | €52,062 | -€37,527 | -41.9% |
| Operating profit (loss) | 9901 | €47,093 | €14,273 | -€32,820 | -69.7% |
| Financial income | 75/76B | €5 | €241 | +€236 | +4,954% |
| Recurring financial income | 75 | €5 | €241 | +€236 | +4,954% |
| Financial charges | 65/66B | €18,369 | €10,672 | -€7,697 | -41.9% |
| Recurring financial charges | 65 | €18,369 | €10,672 | -€7,697 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €28,729 | €3,842 | -€24,887 | -86.6% |
| Income taxes | 67/77 | €9,481 | €2,261 | -€7,220 | -76.1% |
| Profit (loss) for the period | 9904 | €19,248 | €1,580 | -€17,667 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,248 | €1,580 | -€17,667 | -91.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.