LGC Advisory: 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.
LGC Advisory
Largest movements
- Cash -€148,901
down €148,901 (-66.7%), from €223,114 to €74,213
mainly Other debts (-€152,701) and Contributions, distributions and other (-€97,547)
- Receivables within one year +€5,631
up €5,631 (+7.3%), from €76,619 to €82,250
of which Trade receivables: +€5,493
- Other debts -€152,701
down €152,701 (-59.8%), from €255,516 to €102,816
- Tax, wage and social debts +€12,765
up €12,765 (+31.6%), from €40,443 to €53,208
of which Taxes: +€11,262
- Trade debts -€3,289
down €3,289 (-61.1%), from €5,383 to €2,094
- Gross operating margin +€14,262
up €14,262 (+12.0%), from €119,226 to €133,487
- Taxes +€7,322
up €7,322 (+26.8%), from €27,333 to €34,655
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 | €302,843 | €159,618 | -€143,225 | -47.3% |
| Fixed assets | 21/28 | €2,848 | €1,617 | -€1,231 | -43.2% |
| Tangible fixed assets | 22/27 | €2,793 | €1,562 | -€1,231 | -44.1% |
| Plant, machinery and equipment | 23 | €2,793 | €1,562 | -€1,231 | -44.1% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €299,994 | €158,001 | -€141,993 | -47.3% |
| Amounts receivable within one year | 40/41 | €76,619 | €82,250 | +€5,631 | +7.3% |
| Trade receivables | 40 | €76,182 | €81,675 | +€5,493 | +7.2% |
| Other amounts receivable | 41 | €438 | €575 | +€138 | +31.4% |
| Cash at bank and in hand | 54/58 | €223,114 | €74,213 | -€148,901 | -66.7% |
| Deferred charges and accrued income | 490/1 | €261 | €1,538 | +€1,277 | +489% |
| Total equity and liabilities | 10/49 | €302,843 | €159,618 | -€143,225 | -47.3% |
| Equity | 10/15 | €1,500 | €1,500 | = | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable | 17/49 | €301,343 | €158,118 | -€143,225 | -47.5% |
| Amounts payable within one year | 42/48 | €301,343 | €158,118 | -€143,225 | -47.5% |
| Trade debts | 44 | €5,383 | €2,094 | -€3,289 | -61.1% |
| Suppliers | 440/4 | €5,383 | €2,094 | -€3,289 | -61.1% |
| Taxes, remuneration and social security | 45 | €40,443 | €53,208 | +€12,765 | +31.6% |
| Taxes | 450/3 | €40,443 | €51,705 | +€11,262 | +27.8% |
| Remuneration and social security | 454/9 | - | €1,503 | +€1,503 | |
| Other amounts payable | 47/48 | €255,516 | €102,816 | -€152,701 | -59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,522 | €1,231 | -€291 | -19.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €119,226 | €133,487 | +€14,262 | +12.0% |
| Operating profit (loss) | 9901 | €117,316 | €131,856 | +€14,540 | +12.4% |
| Financial income | 75/76B | €1,012 | €708 | -€304 | -30.1% |
| Recurring financial income | 75 | €1,012 | €708 | -€304 | -30.1% |
| Financial charges | 65/66B | €135 | €362 | +€227 | +168% |
| Recurring financial charges | 65 | €135 | €362 | +€227 | +168% |
| Profit (loss) for the period before taxes | 9903 | €118,193 | €132,202 | +€14,009 | +11.9% |
| Income taxes | 67/77 | €27,333 | €34,655 | +€7,322 | +26.8% |
| Profit (loss) for the period | 9904 | €90,860 | €97,547 | +€6,687 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €90,860 | €97,547 | +€6,687 | +7.4% |
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 13 October 2026 via checked.be.