LGG MANAGEMENT: 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.
LGG MANAGEMENT
Largest movements
- Tangible fixed assets +€233,496
up €233,496 (+588%), from €39,708 to €273,204
of which Land and buildings: +€249,462
- Receivables within one year -€55,976
down €55,976 (-54.0%), from €103,747 to €47,770
of which Other amounts receivable: -€50,392
- Cash -€6,543
down €6,543 (-19.9%), from €32,907 to €26,364
mainly Investment in fixed assets (net) (-€257,730) and Contributions, distributions and other (-€34,286)
- Other debts +€173,009
new in 2025: €173,009
- Tax, wage and social debts -€24,440
no longer reported in 2025 (was €24,440)
- Profit (loss) carried forward +€23,594
up €23,594 (+31.3%), from €75,484 to €99,078
- Debts after one year -€6,521
down €6,521 (-58.9%), from €11,064 to €4,543
- Trade debts +€4,190
up €4,190 (+132%), from €3,175 to €7,365
- Gross operating margin +€37,614
up €37,614 (+42.9%), from €87,585 to €125,199
- Other operating charges +€28,567
up €28,567 (+467%), from €6,123 to €34,690
- Taxes +€19,609
up €19,609, from -€19,594 to €15
- Depreciation +€7,852
up €7,852 (+47.9%), from €16,382 to €24,234
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 | €184,808 | €354,976 | +€170,168 | +92.1% |
| Fixed assets | 21/28 | €46,331 | €279,828 | +€233,496 | +504% |
| Tangible fixed assets | 22/27 | €39,708 | €273,204 | +€233,496 | +588% |
| Land and buildings | 22 | - | €249,462 | +€249,462 | |
| Furniture and vehicles | 24 | €17,245 | €7,067 | -€10,177 | -59.0% |
| Leasing and similar rights | 25 | €684 | €20 | -€663 | -97.1% |
| Other tangible fixed assets | 26 | €21,780 | €16,655 | -€5,125 | -23.5% |
| Financial fixed assets | 28 | €6,623 | €6,623 | = | 0.0% |
| Current assets | 29/58 | €138,476 | €75,149 | -€63,328 | -45.7% |
| Amounts receivable within one year | 40/41 | €103,747 | €47,770 | -€55,976 | -54.0% |
| Trade receivables | 40 | €51,462 | €45,877 | -€5,585 | -10.9% |
| Other amounts receivable | 41 | €52,285 | €1,893 | -€50,392 | -96.4% |
| Cash at bank and in hand | 54/58 | €32,907 | €26,364 | -€6,543 | -19.9% |
| Deferred charges and accrued income | 490/1 | €1,823 | €1,014 | -€808 | -44.3% |
| Total equity and liabilities | 10/49 | €184,808 | €354,976 | +€170,168 | +92.1% |
| Equity | 10/15 | €139,944 | €163,538 | +€23,594 | +16.9% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Capital | 10 | €58,600 | €58,600 | = | 0.0% |
| Issued capital | 100 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €5,860 | €5,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,860 | €5,860 | = | 0.0% |
| Legal reserve | 130 | €5,860 | €5,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,484 | €99,078 | +€23,594 | +31.3% |
| Amounts payable | 17/49 | €44,864 | €191,438 | +€146,574 | +327% |
| Amounts payable after more than one year | 17 | €11,064 | €4,543 | -€6,521 | -58.9% |
| Financial debts | 170/4 | €11,064 | €4,543 | -€6,521 | -58.9% |
| Amounts payable within one year | 42/48 | €33,800 | €186,895 | +€153,095 | +453% |
| Current portion of amounts payable after more than one year | 42 | €6,184 | €6,521 | +€337 | +5.4% |
| Trade debts | 44 | €3,175 | €7,365 | +€4,190 | +132% |
| Suppliers | 440/4 | €3,175 | €7,365 | +€4,190 | +132% |
| Taxes, remuneration and social security | 45 | €24,440 | - | -€24,440 | |
| Taxes | 450/3 | €24,440 | - | -€24,440 | |
| Other amounts payable | 47/48 | - | €173,009 | +€173,009 | |
| Remuneration, social security and pensions | 62 | €4,724 | €5,632 | +€908 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,382 | €24,234 | +€7,852 | +47.9% |
| Other operating charges | 640/8 | €6,123 | €34,690 | +€28,567 | +467% |
| Gross operating margin | 9900 | €87,585 | €125,199 | +€37,614 | +42.9% |
| Operating profit (loss) | 9901 | €60,356 | €60,643 | +€287 | +0.5% |
| Financial income | 75/76B | €20 | €53 | +€33 | +169% |
| Recurring financial income | 75 | €20 | €53 | +€33 | +169% |
| Financial charges | 65/66B | €3,031 | €2,801 | -€230 | -7.6% |
| Recurring financial charges | 65 | €3,031 | €2,801 | -€230 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €57,345 | €57,894 | +€550 | +1.0% |
| Income taxes | 67/77 | -€19,594 | €15 | +€19,609 | |
| Profit (loss) for the period | 9904 | €76,939 | €57,880 | -€19,059 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,939 | €57,880 | -€19,059 | -24.8% |
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.