LGDA: 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.
LGDA
Largest movements
- Tangible fixed assets +€18,218
up €18,218 (+40.2%), from €45,327 to €63,545
of which Furniture and vehicles: +€27,267
- Receivables within one year -€18,116
down €18,116 (-68.1%), from €26,617 to €8,501
of which Trade receivables: -€24,564
- Cash -€11,415
down €11,415 (-88.9%), from €12,836 to €1,420
mainly Net result for the year (-€50,474) and Investment in fixed assets (net) (-€36,295)
- Profit (loss) carried forward -€50,474
down €50,474, from €38,907 to -€11,567
- Other debts +€25,494
up €25,494 (+220.6%), from €11,558 to €37,052
- Trade debts +€14,342
up €14,342 (+52.9%), from €27,101 to €41,443
- Gross operating margin -€49,967
down €49,967, from €19,736 to -€30,231
- Depreciation +€1,542
up €1,542 (+9.3%), from €16,535 to €18,077
- Write-downs -€1,149
no longer reported in 2025 (was €1,149)
- Taxes +€832
up €832 (+278.7%), from €298 to €1,130
- Financial income +€367
up €367 (+524442.9%), from €0 to €367
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 | €86,665 | €75,312 | -€11,354 | -13.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €46,827 | €65,045 | +€18,218 | +38.9% |
| Tangible fixed assets | 22/27 | €45,327 | €63,545 | +€18,218 | +40.2% |
| Plant, machinery and equipment | 23 | €40,822 | €32,380 | -€8,441 | -20.7% |
| Furniture and vehicles | 24 | €2,615 | €29,882 | +€27,267 | +1042.8% |
| Other tangible fixed assets | 26 | €1,890 | €1,283 | -€607 | -32.1% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €39,838 | €10,266 | -€29,572 | -74.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €26,617 | €8,501 | -€18,116 | -68.1% |
| Trade receivables | 40 | €24,564 | €0 | -€24,564 | -100.0% |
| Other amounts receivable | 41 | €2,053 | €8,501 | +€6,448 | +314.1% |
| Cash at bank and in hand | 54/58 | €12,836 | €1,420 | -€11,415 | -88.9% |
| Deferred charges and accrued income | 490/1 | €386 | €345 | -€41 | -10.6% |
| Total equity and liabilities | 10/49 | €86,665 | €75,312 | -€11,354 | -13.1% |
| Equity | 10/15 | €46,967 | -€3,507 | -€50,474 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,907 | -€11,567 | -€50,474 | |
| Amounts payable | 17/49 | €39,699 | €78,819 | +€39,120 | +98.5% |
| Amounts payable within one year | 42/48 | €39,699 | €78,819 | +€39,120 | +98.5% |
| Trade debts | 44 | €27,101 | €41,443 | +€14,342 | +52.9% |
| Suppliers | 440/4 | €27,101 | €41,443 | +€14,342 | +52.9% |
| Taxes, remuneration and social security | 45 | €1,039 | €324 | -€715 | -68.8% |
| Taxes | 450/3 | €1,039 | €324 | -€715 | -68.8% |
| Other amounts payable | 47/48 | €11,558 | €37,052 | +€25,494 | +220.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,535 | €18,077 | +€1,542 | +9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,149 | - | -€1,149 | |
| Other operating charges | 640/8 | €178 | €255 | +€77 | +43.1% |
| Non-recurring operating charges | 66A | €95 | €950 | +€855 | +899.4% |
| Gross operating margin | 9900 | €19,736 | -€30,231 | -€49,967 | |
| Operating profit (loss) | 9901 | €1,779 | -€49,513 | -€51,292 | |
| Financial income | 75/76B | €0 | €367 | +€367 | +524442.9% |
| Recurring financial income | 75 | €0 | €367 | +€367 | +524442.9% |
| Financial charges | 65/66B | €83 | €199 | +€116 | +139.0% |
| Recurring financial charges | 65 | €83 | €199 | +€116 | +139.0% |
| Profit (loss) for the period before taxes | 9903 | €1,696 | -€49,344 | -€51,040 | |
| Income taxes | 67/77 | €298 | €1,130 | +€832 | +278.7% |
| Profit (loss) for the period | 9904 | €1,398 | -€50,474 | -€51,872 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,398 | -€50,474 | -€51,872 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.