LGH CONSULTANCY & 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.
LGH CONSULTANCY & SERVICES
Largest movements
- Cash -€27,899
down €27,899 (-62.2%), from €44,877 to €16,978
mainly Investment in fixed assets (net) (-€46,829) and Debts after one year (-€37,701)
- Receivables after one year +€25,410
new in 2025: €25,410
- Deferred charges and accrued income +€16,672
up €16,672 (+294%), from €5,679 to €22,350
- Tangible fixed assets -€9,263
down €9,263 (-2.1%), from €440,292 to €431,029
of which Land and buildings: -€12,415
- Debts after one year -€37,701
down €37,701 (-11.6%), from €324,993 to €287,292
- Reserves +€35,590
up €35,590 (+42.4%), from €83,876 to €119,465
of which Distributable reserves: +€35,590
- Tax, wage and social debts +€18,768
up €18,768 (+71.0%), from €26,444 to €45,212
of which Taxes: +€23,753
- Trade debts -€17,754
down €17,754 (-25.1%), from €70,600 to €52,846
- Accrued charges and deferred income +€16,729
up €16,729 (+737%), from €2,271 to €19,000
- Staff costs -€49,231
down €49,231 (-41.1%), from €119,791 to €70,560
- Taxes +€22,525
up €22,525 (+463%), from €4,869 to €27,395
- Gross operating margin +€16,457
up €16,457 (+8.7%), from €188,757 to €205,213
- Depreciation +€6,249
up €6,249 (+12.5%), from €49,843 to €56,092
- Financial income +€4,085
up €4,085 (+180%), from €2,265 to €6,350
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 | €607,828 | €617,414 | +€9,586 | +1.6% |
| Fixed assets | 21/28 | €440,442 | €431,179 | -€9,263 | -2.1% |
| Tangible fixed assets | 22/27 | €440,292 | €431,029 | -€9,263 | -2.1% |
| Land and buildings | 22 | €302,247 | €289,833 | -€12,415 | -4.1% |
| Plant, machinery and equipment | 23 | €76,431 | €94,298 | +€17,866 | +23.4% |
| Furniture and vehicles | 24 | €15,320 | €7,434 | -€7,886 | -51.5% |
| Other tangible fixed assets | 26 | €46,293 | €39,465 | -€6,828 | -14.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €167,387 | €186,235 | +€18,849 | +11.3% |
| Amounts receivable after more than one year | 29 | - | €25,410 | +€25,410 | |
| Other amounts receivable | 291 | - | €25,410 | +€25,410 | |
| Amounts receivable within one year | 40/41 | €116,831 | €121,497 | +€4,666 | +4.0% |
| Trade receivables | 40 | €94,375 | €93,444 | -€930 | -1.0% |
| Other amounts receivable | 41 | €22,456 | €28,052 | +€5,596 | +24.9% |
| Cash at bank and in hand | 54/58 | €44,877 | €16,978 | -€27,899 | -62.2% |
| Deferred charges and accrued income | 490/1 | €5,679 | €22,350 | +€16,672 | +294% |
| Total equity and liabilities | 10/49 | €607,828 | €617,414 | +€9,586 | +1.6% |
| Equity | 10/15 | €102,476 | €138,065 | +€35,590 | +34.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,876 | €119,465 | +€35,590 | +42.4% |
| Non-distributable reserves | 130/1 | €821 | €821 | = | 0.0% |
| Reserves not available under the articles | 1311 | €821 | €821 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,127 | €5,127 | = | 0.0% |
| Distributable reserves | 133 | €77,928 | €113,518 | +€35,590 | +45.7% |
| Amounts payable | 17/49 | €505,353 | €479,349 | -€26,004 | -5.1% |
| Amounts payable after more than one year | 17 | €324,993 | €287,292 | -€37,701 | -11.6% |
| Financial debts | 170/4 | €324,993 | €287,292 | -€37,701 | -11.6% |
| Amounts payable within one year | 42/48 | €178,089 | €173,056 | -€5,032 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €46,045 | €39,617 | -€6,428 | -14.0% |
| Financial debts | 43 | €35,000 | €20,675 | -€14,325 | -40.9% |
| Credit institutions | 430/8 | €35,000 | €20,675 | -€14,325 | -40.9% |
| Trade debts | 44 | €70,600 | €52,846 | -€17,754 | -25.1% |
| Suppliers | 440/4 | €70,600 | €52,846 | -€17,754 | -25.1% |
| Taxes, remuneration and social security | 45 | €26,444 | €45,212 | +€18,768 | +71.0% |
| Taxes | 450/3 | €14,276 | €38,030 | +€23,753 | +166% |
| Remuneration and social security | 454/9 | €12,168 | €7,183 | -€4,985 | -41.0% |
| Other amounts payable | 47/48 | €0 | €14,707 | +€14,707 | |
| Accrued charges and deferred income | 492/3 | €2,271 | €19,000 | +€16,729 | +737% |
| Remuneration, social security and pensions | 62 | €119,791 | €70,560 | -€49,231 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,843 | €56,092 | +€6,249 | +12.5% |
| Other operating charges | 640/8 | €6,183 | €8,808 | +€2,625 | +42.5% |
| Gross operating margin | 9900 | €188,757 | €205,213 | +€16,457 | +8.7% |
| Operating profit (loss) | 9901 | €12,940 | €69,754 | +€56,814 | +439% |
| Financial income | 75/76B | €2,265 | €6,350 | +€4,085 | +180% |
| Recurring financial income | 75 | €2,265 | €6,350 | +€4,085 | +180% |
| Financial charges | 65/66B | €10,056 | €13,120 | +€3,064 | +30.5% |
| Recurring financial charges | 65 | €10,056 | €13,120 | +€3,064 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €5,150 | €62,984 | +€57,835 | +1,123% |
| Income taxes | 67/77 | €4,869 | €27,395 | +€22,525 | +463% |
| Profit (loss) for the period | 9904 | €280 | €35,590 | +€35,310 | +12,599% |
| Profit (loss) for the period to be appropriated | 9905 | €280 | €35,590 | +€35,310 | +12,599% |
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 27 October 2026 via checked.be.