LGI: what changed
Two fiscal 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.
LGI
Largest movements
- Tangible fixed assets -€47,691
down €47,691 (-5.4%), from €890,456 to €842,765
of which Land and buildings: -€46,566
- Cash -€14,144
down €14,144 (-50.1%), from €28,246 to €14,102
mainly Other debts (-€40,461) and Current portion of long-term debt (-€20,672)
- Other debts -€40,461
down €40,461 (-80.4%), from €50,350 to €9,889
- Current portion of long-term debt -€20,672
no longer reported in 2025 (was €20,672)
- Taxes +€7,262
up €7,262 (+266.7%), from €2,723 to €9,984
- Gross operating margin +€3,356
up €3,356 (+3.9%), from €86,080 to €89,436
- Financial charges -€2,640
down €2,640 (-43.8%), from €6,028 to €3,388
- Depreciation +€1,358
up €1,358 (+2.4%), from €55,749 to €57,107
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 | €928,676 | €870,721 | -€57,955 | -6.2% |
| Fixed assets | 21/28 | €891,168 | €843,477 | -€47,691 | -5.4% |
| Tangible fixed assets | 22/27 | €890,456 | €842,765 | -€47,691 | -5.4% |
| Land and buildings | 22 | €884,118 | €837,552 | -€46,566 | -5.3% |
| Plant, machinery and equipment | 23 | €5,079 | €4,518 | -€561 | -11.0% |
| Furniture and vehicles | 24 | €1,260 | €695 | -€565 | -44.8% |
| Financial fixed assets | 28 | €712 | €712 | = | 0.0% |
| Current assets | 29/58 | €37,508 | €27,245 | -€10,263 | -27.4% |
| Amounts receivable within one year | 40/41 | €34 | €3,915 | +€3,881 | +11468.5% |
| Trade receivables | 40 | €16 | €3,915 | +€3,899 | +25091.6% |
| Other amounts receivable | 41 | €18 | - | -€18 | |
| Current investments | 50/53 | €9,228 | €9,228 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,246 | €14,102 | -€14,144 | -50.1% |
| Total equity and liabilities | 10/49 | €928,676 | €870,721 | -€57,955 | -6.2% |
| Equity | 10/15 | €799,273 | €808,136 | +€8,863 | +1.1% |
| Contributions | 10/11 | €34,000 | €34,000 | = | 0.0% |
| Reserves | 13 | €332,978 | €339,356 | +€6,378 | +1.9% |
| Tax-exempt reserves | 132 | €294,578 | €280,956 | -€13,622 | -4.6% |
| Distributable reserves | 133 | €38,400 | €58,400 | +€20,000 | +52.1% |
| Profit (loss) carried forward | 14 | €432,295 | €434,780 | +€2,485 | +0.6% |
| Provisions and deferred taxes | 16 | €46,603 | €42,062 | -€4,541 | -9.7% |
| Deferred taxes | 168 | €46,603 | €42,062 | -€4,541 | -9.7% |
| Amounts payable | 17/49 | €82,800 | €20,524 | -€62,277 | -75.2% |
| Amounts payable within one year | 42/48 | €78,821 | €17,502 | -€61,319 | -77.8% |
| Current portion of amounts payable after more than one year | 42 | €20,672 | - | -€20,672 | |
| Trade debts | 44 | €2,099 | €1,424 | -€674 | -32.1% |
| Suppliers | 440/4 | €2,099 | €1,424 | -€674 | -32.1% |
| Taxes, remuneration and social security | 45 | €5,701 | €6,188 | +€487 | +8.6% |
| Taxes | 450/3 | €5,701 | €6,188 | +€487 | +8.6% |
| Other amounts payable | 47/48 | €50,350 | €9,889 | -€40,461 | -80.4% |
| Accrued charges and deferred income | 492/3 | €3,979 | €3,022 | -€957 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,749 | €57,107 | +€1,358 | +2.4% |
| Other operating charges | 640/8 | €14,201 | €14,829 | +€628 | +4.4% |
| Gross operating margin | 9900 | €86,080 | €89,436 | +€3,356 | +3.9% |
| Operating profit (loss) | 9901 | €16,130 | €17,499 | +€1,370 | +8.5% |
| Financial income | 75/76B | €148 | €195 | +€47 | +31.5% |
| Recurring financial income | 75 | €148 | €195 | +€47 | +31.5% |
| Financial charges | 65/66B | €6,028 | €3,388 | -€2,640 | -43.8% |
| Recurring financial charges | 65 | €6,028 | €3,388 | -€2,640 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €10,250 | €14,306 | +€4,057 | +39.6% |
| Transfer from deferred taxes | 780 | €4,541 | €4,541 | = | 0.0% |
| Income taxes | 67/77 | €2,723 | €9,984 | +€7,262 | +266.7% |
| Profit (loss) for the period | 9904 | €12,068 | €8,863 | -€3,205 | -26.6% |
| Transfer from tax-exempt reserves | 789 | €13,622 | €13,622 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,690 | €22,485 | -€3,205 | -12.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.