LGD: 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.
LGD
Largest movements
- Receivables within one year +€2,750
up €2,750 (+6.2%), from €44,211 to €46,961
- Cash +€604
up €604 (+17.8%), from €3,399 to €4,004
mainly Net result for the year (+€18,539)
- Profit (loss) carried forward +€18,539
up €18,539 (+31.9%), from -€58,156 to -€39,617
- Other debts -€15,185
down €15,185 (-24.0%), from €63,166 to €47,981
- Gross operating margin +€17,644
up €17,644 (+1925.3%), from €916 to €18,561
- Depreciation -€850
down €850 (-100.0%), from €850 to €0
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 | €47,610 | €50,964 | +€3,354 | +7.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €47,610 | €50,964 | +€3,354 | +7.0% |
| Amounts receivable within one year | 40/41 | €44,211 | €46,961 | +€2,750 | +6.2% |
| Trade receivables | 40 | €44,211 | €46,961 | +€2,750 | +6.2% |
| Cash at bank and in hand | 54/58 | €3,399 | €4,004 | +€604 | +17.8% |
| Total equity and liabilities | 10/49 | €47,610 | €50,964 | +€3,354 | +7.0% |
| Equity | 10/15 | -€39,556 | -€21,017 | +€18,539 | +46.9% |
| Reserves | 13 | €18,600 | €18,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,156 | -€39,617 | +€18,539 | +31.9% |
| Amounts payable | 17/49 | €87,166 | €71,981 | -€15,185 | -17.4% |
| Amounts payable after more than one year | 17 | €24,000 | €24,000 | = | 0.0% |
| Financial debts | 170/4 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €63,166 | €47,981 | -€15,185 | -24.0% |
| Other amounts payable | 47/48 | €63,166 | €47,981 | -€15,185 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €850 | €0 | -€850 | -100.0% |
| Gross operating margin | 9900 | €916 | €18,561 | +€17,644 | +1925.3% |
| Operating profit (loss) | 9901 | €67 | €18,561 | +€18,494 | +27664.9% |
| Financial income | 75/76B | €15 | €22 | +€7 | +45.1% |
| Recurring financial income | 75 | €15 | €22 | +€7 | +45.1% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €43 | €18,539 | +€18,496 | +43074.7% |
| Profit (loss) for the period | 9904 | €43 | €18,539 | +€18,496 | +43074.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43 | €18,539 | +€18,496 | +43074.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.