LGB HOLDING: 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.
LGB HOLDING
Largest movements
- Tangible fixed assets +€1.2m
new in 2025: €1.2m
- Receivables within one year -€140,095
down €140,095 (-41.7%), from €336,139 to €196,044
of which Other amounts receivable: -€170,606
- Debts after one year +€915,193
up €915,193 (+103%), from €887,987 to €1.8m
- Reserves +€601,413
new in 2025: €601,413
- Profit (loss) carried forward -€502,154
no longer reported in 2025 (was €502,154)
- Financial income -€196,825
down €196,825 (-40.0%), from €492,064 to €295,238
- Depreciation +€174,469
new in 2025: €174,469
- Gross operating margin +€22,366
up €22,366 (+40.1%), from €55,793 to €78,158
- Taxes +€10,355
up €10,355 (+300%), from €3,447 to €13,802
- Financial charges -€5,174
down €5,174 (-12.2%), from €42,255 to €37,082
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 | €3,872,050 | €4,902,716 | +€1.0m | +26.6% |
| Fixed assets | 21/28 | €3,516,600 | €4,705,310 | +€1.2m | +33.8% |
| Tangible fixed assets | 22/27 | - | €1,188,710 | +€1.2m | |
| Land and buildings | 22 | - | €1,188,710 | +€1.2m | |
| Financial fixed assets | 28 | €3,516,600 | €3,516,600 | = | 0.0% |
| Current assets | 29/58 | €355,450 | €197,406 | -€158,045 | -44.5% |
| Amounts receivable within one year | 40/41 | €336,139 | €196,044 | -€140,095 | -41.7% |
| Trade receivables | 40 | €2,543 | €33,055 | +€30,512 | +1,200% |
| Other amounts receivable | 41 | €333,595 | €162,989 | -€170,606 | -51.1% |
| Cash at bank and in hand | 54/58 | €19,300 | €0 | -€19,300 | -100% |
| Deferred charges and accrued income | 490/1 | €11 | €1,361 | +€1,350 | +12,276% |
| Total equity and liabilities | 10/49 | €3,872,050 | €4,902,716 | +€1.0m | +26.6% |
| Equity | 10/15 | €2,818,754 | €2,918,013 | +€99,260 | +3.5% |
| Contributions | 10/11 | €2,316,600 | €2,316,600 | = | 0.0% |
| Reserves | 13 | - | €601,413 | +€601,413 | |
| Distributable reserves | 133 | - | €601,413 | +€601,413 | |
| Profit (loss) carried forward | 14 | €502,154 | - | -€502,154 | |
| Amounts payable | 17/49 | €1,053,296 | €1,984,702 | +€931,406 | +88.4% |
| Amounts payable after more than one year | 17 | €887,987 | €1,803,180 | +€915,193 | +103% |
| Financial debts | 170/4 | €887,987 | €1,803,180 | +€915,193 | +103% |
| Amounts payable within one year | 42/48 | €165,309 | €179,210 | +€13,901 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €158,869 | €172,098 | +€13,229 | +8.3% |
| Trade debts | 44 | €334 | €725 | +€391 | +117% |
| Suppliers | 440/4 | €334 | €725 | +€391 | +117% |
| Taxes, remuneration and social security | 45 | €6,106 | €6,387 | +€281 | +4.6% |
| Taxes | 450/3 | €6,106 | €6,387 | +€281 | +4.6% |
| Accrued charges and deferred income | 492/3 | - | €2,312 | +€2,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €174,469 | +€174,469 | |
| Other operating charges | 640/8 | - | €3,134 | +€3,134 | |
| Gross operating margin | 9900 | €55,793 | €78,158 | +€22,366 | +40.1% |
| Operating profit (loss) | 9901 | €55,793 | -€99,445 | -€155,237 | |
| Financial income | 75/76B | €492,064 | €295,238 | -€196,825 | -40.0% |
| Recurring financial income | 75 | €492,064 | €295,238 | -€196,825 | -40.0% |
| Financial charges | 65/66B | €42,255 | €37,082 | -€5,174 | -12.2% |
| Recurring financial charges | 65 | €42,255 | €37,082 | -€5,174 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €505,601 | €158,712 | -€346,889 | -68.6% |
| Income taxes | 67/77 | €3,447 | €13,802 | +€10,355 | +300% |
| Profit (loss) for the period | 9904 | €502,154 | €144,910 | -€357,244 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €502,154 | €144,910 | -€357,244 | -71.1% |
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 24 October 2026 via checked.be.