LGD Services: 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.
LGD Services
Largest movements
- Cash -€280,307
down €280,307 (-82.4%), from €340,095 to €59,787
mainly Other debts (-€235,360) and Current investments (-€200,000)
- Current investments +€200,000
up €200,000, from €0 to €200,000
- Receivables within one year -€80,631
down €80,631 (-80.5%), from €100,139 to €19,508
of which Trade receivables: -€80,935
- Other debts -€235,360
down €235,360 (-96.7%), from €243,283 to €7,923
- Reserves +€106,249
up €106,249 (+58.7%), from €180,888 to €287,137
- Gross operating margin -€85,474
down €85,474 (-34.3%), from €249,234 to €163,760
- Taxes -€25,829
down €25,829 (-41.9%), from €61,612 to €35,783
- Financial charges +€8,524
up €8,524 (+4,481%), from €190 to €8,714
- Financial income -€6,007
down €6,007 (-95.4%), from €6,296 to €289
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 | €5,464,057 | €5,295,214 | -€168,843 | -3.1% |
| Fixed assets | 21/28 | €5,023,823 | €5,015,918 | -€7,904 | -0.2% |
| Tangible fixed assets | 22/27 | €43,823 | €35,918 | -€7,904 | -18.0% |
| Plant, machinery and equipment | 23 | €3,834 | €7,021 | +€3,187 | +83.1% |
| Furniture and vehicles | 24 | €39,989 | €28,898 | -€11,091 | -27.7% |
| Financial fixed assets | 28 | €4,980,000 | €4,980,000 | = | 0.0% |
| Current assets | 29/58 | €440,234 | €279,296 | -€160,938 | -36.6% |
| Amounts receivable within one year | 40/41 | €100,139 | €19,508 | -€80,631 | -80.5% |
| Trade receivables | 40 | €100,138 | €19,203 | -€80,935 | -80.8% |
| Other amounts receivable | 41 | €2 | €306 | +€304 | +19,483% |
| Current investments | 50/53 | €0 | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €340,095 | €59,787 | -€280,307 | -82.4% |
| Total equity and liabilities | 10/49 | €5,464,057 | €5,295,214 | -€168,843 | -3.1% |
| Equity | 10/15 | €181,888 | €288,137 | +€106,249 | +58.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €180,888 | €287,137 | +€106,249 | +58.7% |
| Distributable reserves | 133 | €180,888 | €287,137 | +€106,249 | +58.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,282,168 | €5,007,077 | -€275,092 | -5.2% |
| Amounts payable after more than one year | 17 | €4,980,000 | €4,980,000 | = | 0.0% |
| Other amounts payable | 178/9 | €4,980,000 | €4,980,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €302,168 | €27,077 | -€275,092 | -91.0% |
| Trade debts | 44 | €1,253 | €3,045 | +€1,793 | +143% |
| Suppliers | 440/4 | €1,253 | €3,045 | +€1,793 | +143% |
| Taxes, remuneration and social security | 45 | €57,633 | €16,109 | -€41,524 | -72.0% |
| Taxes | 450/3 | €51,833 | €13,209 | -€38,624 | -74.5% |
| Remuneration and social security | 454/9 | €5,800 | €2,900 | -€2,900 | -50.0% |
| Other amounts payable | 47/48 | €243,283 | €7,923 | -€235,360 | -96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,137 | €12,300 | +€163 | +1.3% |
| Other operating charges | 640/8 | €703 | €1,003 | +€301 | +42.8% |
| Gross operating margin | 9900 | €249,234 | €163,760 | -€85,474 | -34.3% |
| Operating profit (loss) | 9901 | €236,394 | €150,457 | -€85,937 | -36.4% |
| Financial income | 75/76B | €6,296 | €289 | -€6,007 | -95.4% |
| Recurring financial income | 75 | €6,296 | €289 | -€6,007 | -95.4% |
| Financial charges | 65/66B | €190 | €8,714 | +€8,524 | +4,481% |
| Recurring financial charges | 65 | €190 | €8,714 | +€8,524 | +4,481% |
| Profit (loss) for the period before taxes | 9903 | €242,500 | €142,032 | -€100,468 | -41.4% |
| Income taxes | 67/77 | €61,612 | €35,783 | -€25,829 | -41.9% |
| Profit (loss) for the period | 9904 | €180,888 | €106,249 | -€74,639 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €180,888 | €106,249 | -€74,639 | -41.3% |
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 22 October 2026 via checked.be.