LGE.VDS: 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.VDS
Largest movements
- Tangible fixed assets -€20,739
down €20,739 (-8.0%), from €259,966 to €239,226
of which Furniture and vehicles: -€12,859
- Contributions -€20,000
no longer reported in 2025 (was €20,000)
- Trade debts +€4,153
up €4,153 (+6,260%), from €66 to €4,219
- Gross operating margin -€98,000
down €98,000, from €90,970 to -€7,030
- Financial income -€49,896
down €49,896 (-89.1%), from €56,000 to €6,105
of which Non-recurring financial income: -€54,506
- Taxes -€29,712
down €29,712, from €29,376 to -€336
- Other operating charges -€13,370
down €13,370 (-89.7%), from €14,912 to €1,543
- Depreciation -€10,370
down €10,370 (-33.3%), from €31,109 to €20,739
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 | €369,062 | €349,521 | -€19,542 | -5.3% |
| Fixed assets | 21/28 | €359,966 | €339,226 | -€20,739 | -5.8% |
| Tangible fixed assets | 22/27 | €259,966 | €239,226 | -€20,739 | -8.0% |
| Land and buildings | 22 | €235,362 | €227,482 | -€7,881 | -3.3% |
| Furniture and vehicles | 24 | €24,604 | €11,745 | -€12,859 | -52.3% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €9,097 | €10,294 | +€1,198 | +13.2% |
| Amounts receivable within one year | 40/41 | €3,117 | €4,912 | +€1,795 | +57.6% |
| Trade receivables | 40 | - | €4,840 | +€4,840 | |
| Other amounts receivable | 41 | €3,117 | €72 | -€3,045 | -97.7% |
| Cash at bank and in hand | 54/58 | €3,684 | €2,055 | -€1,628 | -44.2% |
| Deferred charges and accrued income | 490/1 | €2,296 | €3,327 | +€1,031 | +44.9% |
| Total equity and liabilities | 10/49 | €369,062 | €349,521 | -€19,542 | -5.3% |
| Equity | 10/15 | €358,202 | €335,285 | -€22,917 | -6.4% |
| Contributions | 10/11 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €333,068 | €333,068 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,068 | €3,068 | = | 0.0% |
| Distributable reserves | 133 | €330,000 | €330,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,135 | €2,218 | -€2,917 | -56.8% |
| Amounts payable | 17/49 | €10,860 | €14,235 | +€3,375 | +31.1% |
| Amounts payable within one year | 42/48 | €10,860 | €14,235 | +€3,375 | +31.1% |
| Trade debts | 44 | €66 | €4,219 | +€4,153 | +6,260% |
| Suppliers | 440/4 | €66 | €4,219 | +€4,153 | +6,260% |
| Advances received on contracts in progress | 46 | €610 | - | -€610 | |
| Taxes, remuneration and social security | 45 | €3,940 | €643 | -€3,297 | -83.7% |
| Taxes | 450/3 | €3,940 | €643 | -€3,297 | -83.7% |
| Other amounts payable | 47/48 | €6,244 | €9,373 | +€3,130 | +50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,109 | €20,739 | -€10,370 | -33.3% |
| Other operating charges | 640/8 | €14,912 | €1,543 | -€13,370 | -89.7% |
| Gross operating margin | 9900 | €90,970 | -€7,030 | -€98,000 | |
| Operating profit (loss) | 9901 | €44,949 | -€29,312 | -€74,261 | |
| Financial income | 75/76B | €56,000 | €6,105 | -€49,896 | -89.1% |
| Recurring financial income | 75 | €56,000 | €4,610 | -€51,390 | -91.8% |
| Non-recurring financial income | 76B | €56,000 | €1,495 | -€54,506 | -97.3% |
| Financial charges | 65/66B | €907 | €45 | -€862 | -95.0% |
| Recurring financial charges | 65 | €224 | €45 | -€179 | -79.9% |
| Non-recurring financial charges | 66B | €683 | - | -€683 | |
| Profit (loss) for the period before taxes | 9903 | €100,042 | -€23,253 | -€123,294 | |
| Income taxes | 67/77 | €29,376 | -€336 | -€29,712 | |
| Profit (loss) for the period | 9904 | €70,665 | -€22,917 | -€93,582 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,665 | -€22,917 | -€93,582 |
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 19 October 2026 via checked.be.