LGE: 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.
LGE
Largest movements
- Tangible fixed assets +€77,168
up €77,168 (+116%), from €66,460 to €143,628
of which Land and buildings: +€82,935
- Cash -€5,900
down €5,900 (-14.1%), from €41,848 to €35,948
mainly Investment in fixed assets (net) (-€106,524) and Other debts (-€38,139)
- Financial fixed assets +€3,843
up €3,843 (+203%), from €1,892 to €5,734
- Receivables within one year +€3,027
up €3,027 (+36.8%), from €8,232 to €11,259
of which Trade receivables: +€2,960
- Stocks and contracts +€2,285
up €2,285 (+8.5%), from €27,009 to €29,294
- Debts after one year +€77,188
new in 2025: €77,188
- Other debts -€38,139
down €38,139 (-37.4%), from €102,027 to €63,888
- Profit (loss) carried forward +€26,723
up €26,723 (+119%), from €22,418 to €49,140
- Current portion of long-term debt +€11,931
new in 2025: €11,931
- Tax, wage and social debts +€4,256
up €4,256 (+51.8%), from €8,211 to €12,467
- Gross operating margin +€16,194
up €16,194 (+32.8%), from €49,311 to €65,504
- Depreciation +€12,546
up €12,546 (+96.8%), from €12,967 to €25,513
- Taxes -€786
down €786 (-14.0%), from €5,610 to €4,824
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 | €145,896 | €226,351 | +€80,455 | +55.1% |
| Fixed assets | 21/28 | €68,351 | €149,362 | +€81,011 | +119% |
| Tangible fixed assets | 22/27 | €66,460 | €143,628 | +€77,168 | +116% |
| Land and buildings | 22 | €12,355 | €95,290 | +€82,935 | +671% |
| Plant, machinery and equipment | 23 | €34,567 | €31,892 | -€2,675 | -7.7% |
| Furniture and vehicles | 24 | €19,537 | €16,446 | -€3,092 | -15.8% |
| Financial fixed assets | 28 | €1,892 | €5,734 | +€3,843 | +203% |
| Current assets | 29/58 | €77,545 | €76,988 | -€556 | -0.7% |
| Stocks and contracts in progress | 3 | €27,009 | €29,294 | +€2,285 | +8.5% |
| Stocks | 30/36 | €27,009 | €29,294 | +€2,285 | +8.5% |
| Amounts receivable within one year | 40/41 | €8,232 | €11,259 | +€3,027 | +36.8% |
| Trade receivables | 40 | €3,672 | €6,632 | +€2,960 | +80.6% |
| Other amounts receivable | 41 | €4,560 | €4,627 | +€67 | +1.5% |
| Cash at bank and in hand | 54/58 | €41,848 | €35,948 | -€5,900 | -14.1% |
| Deferred charges and accrued income | 490/1 | €455 | €487 | +€32 | +6.9% |
| Total equity and liabilities | 10/49 | €145,896 | €226,351 | +€80,455 | +55.1% |
| Equity | 10/15 | €32,418 | €59,140 | +€26,723 | +82.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,418 | €49,140 | +€26,723 | +119% |
| Amounts payable | 17/49 | €113,478 | €167,210 | +€53,732 | +47.3% |
| Amounts payable after more than one year | 17 | - | €77,188 | +€77,188 | |
| Financial debts | 170/4 | - | €77,188 | +€77,188 | |
| Amounts payable within one year | 42/48 | €113,478 | €90,022 | -€23,456 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | - | €11,931 | +€11,931 | |
| Trade debts | 44 | €3,240 | €1,736 | -€1,504 | -46.4% |
| Suppliers | 440/4 | €3,240 | €1,736 | -€1,504 | -46.4% |
| Taxes, remuneration and social security | 45 | €8,211 | €12,467 | +€4,256 | +51.8% |
| Taxes | 450/3 | €8,211 | €12,467 | +€4,256 | +51.8% |
| Other amounts payable | 47/48 | €102,027 | €63,888 | -€38,139 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,967 | €25,513 | +€12,546 | +96.8% |
| Other operating charges | 640/8 | €431 | €663 | +€232 | +53.9% |
| Gross operating margin | 9900 | €49,311 | €65,504 | +€16,194 | +32.8% |
| Operating profit (loss) | 9901 | €35,913 | €39,328 | +€3,415 | +9.5% |
| Financial income | 75/76B | €3 | €4 | +€2 | +61.8% |
| Recurring financial income | 75 | €3 | €4 | +€2 | +61.8% |
| Financial charges | 65/66B | €7,888 | €7,785 | -€102 | -1.3% |
| Recurring financial charges | 65 | €7,888 | €7,785 | -€102 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €28,028 | €31,547 | +€3,519 | +12.6% |
| Income taxes | 67/77 | €5,610 | €4,824 | -€786 | -14.0% |
| Profit (loss) for the period | 9904 | €22,418 | €26,723 | +€4,305 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,418 | €26,723 | +€4,305 | +19.2% |
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 17 October 2026 via checked.be.