LGKL: 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.
LGKL
Largest movements
- Tangible fixed assets +€172,432
up €172,432 (+45.7%), from €377,568 to €550,000
- Revaluation surpluses +€181,346
new in 2025: €181,346
- Debts after one year -€9,128
down €9,128 (-2.3%), from €390,452 to €381,324
of which Financial debts: -€9,128
- Depreciation -€55,388
down €55,388 (-83.8%), from €66,056 to €10,669
- Gross operating margin +€10,683
up €10,683 (+115.7%), from €9,230 to €19,913
- Other operating charges -€656
down €656 (-16.8%), from €3,918 to €3,262
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 | €380,529 | €551,500 | +€170,971 | +44.9% |
| Fixed assets | 21/28 | €377,568 | €550,000 | +€172,432 | +45.7% |
| Tangible fixed assets | 22/27 | €377,568 | €550,000 | +€172,432 | +45.7% |
| Land and buildings | 22 | €377,568 | €550,000 | +€172,432 | +45.7% |
| Current assets | 29/58 | €2,961 | €1,500 | -€1,461 | -49.3% |
| Cash at bank and in hand | 54/58 | €2,211 | - | -€2,211 | |
| Deferred charges and accrued income | 490/1 | €750 | €1,500 | +€750 | +100.0% |
| Total equity and liabilities | 10/49 | €380,529 | €551,500 | +€170,971 | +44.9% |
| Equity | 10/15 | -€20,324 | €157,499 | +€177,823 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €181,346 | +€181,346 | |
| Profit (loss) carried forward | 14 | -€70,324 | -€73,847 | -€3,523 | -5.0% |
| Amounts payable | 17/49 | €400,853 | €394,001 | -€6,853 | -1.7% |
| Amounts payable after more than one year | 17 | €390,452 | €381,324 | -€9,128 | -2.3% |
| Financial debts | 170/4 | €233,452 | €224,324 | -€9,128 | -3.9% |
| Other amounts payable | 178/9 | €157,000 | €157,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,402 | €12,677 | +€2,275 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €8,785 | €9,498 | +€713 | +8.1% |
| Trade debts | 44 | €1,616 | €26 | -€1,591 | -98.4% |
| Suppliers | 440/4 | €1,616 | €26 | -€1,591 | -98.4% |
| Other amounts payable | 47/48 | - | €3,153 | +€3,153 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,056 | €10,669 | -€55,388 | -83.8% |
| Other operating charges | 640/8 | €3,918 | €3,262 | -€656 | -16.8% |
| Gross operating margin | 9900 | €9,230 | €19,913 | +€10,683 | +115.7% |
| Operating profit (loss) | 9901 | -€60,744 | €5,983 | +€66,727 | |
| Financial charges | 65/66B | €9,580 | €9,506 | -€74 | -0.8% |
| Recurring financial charges | 65 | €9,580 | €9,506 | -€74 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | -€70,324 | -€3,523 | +€66,801 | +95.0% |
| Profit (loss) for the period | 9904 | -€70,324 | -€3,523 | +€66,801 | +95.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,324 | -€3,523 | +€66,801 | +95.0% |
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 11 October 2026 via checked.be.