LGM CAPITAL: 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.
LGM CAPITAL
Largest movements
- Tangible fixed assets -€25,908
down €25,908 (-5.1%), from €503,744 to €477,836
of which Land and buildings: -€17,413
- Debts after one year -€13,985
down €13,985 (-3.5%), from €404,598 to €390,613
- Profit (loss) carried forward -€9,781
down €9,781 (-3.2%), from -€301,627 to -€311,408
- Other debts -€5,849
down €5,849 (-4.6%), from €126,597 to €120,748
- Gross operating margin +€21,195
up €21,195 (+175%), from €12,105 to €33,300
- Depreciation +€2,710
up €2,710 (+11.7%), from €23,198 to €25,908
- Other operating charges -€1,108
down €1,108 (-22.4%), from €4,939 to €3,831
- Financial charges +€949
up €949 (+7.7%), from €12,393 to €13,342
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 | €509,077 | €481,226 | -€27,850 | -5.5% |
| Fixed assets | 21/28 | €503,744 | €477,836 | -€25,908 | -5.1% |
| Tangible fixed assets | 22/27 | €503,744 | €477,836 | -€25,908 | -5.1% |
| Land and buildings | 22 | €451,627 | €434,214 | -€17,413 | -3.9% |
| Plant, machinery and equipment | 23 | €1,018 | €709 | -€309 | -30.3% |
| Other tangible fixed assets | 26 | €51,099 | €42,913 | -€8,186 | -16.0% |
| Current assets | 29/58 | €5,332 | €3,390 | -€1,942 | -36.4% |
| Amounts receivable within one year | 40/41 | €2,448 | - | -€2,448 | |
| Trade receivables | 40 | €2,448 | - | -€2,448 | |
| Cash at bank and in hand | 54/58 | €1,967 | €2,466 | +€498 | +25.3% |
| Deferred charges and accrued income | 490/1 | €917 | €924 | +€7 | +0.8% |
| Total equity and liabilities | 10/49 | €509,077 | €481,226 | -€27,850 | -5.5% |
| Equity | 10/15 | -€36,427 | -€46,208 | -€9,781 | -26.9% |
| Contributions | 10/11 | €265,200 | €265,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€301,627 | -€311,408 | -€9,781 | -3.2% |
| Amounts payable | 17/49 | €545,503 | €527,434 | -€18,069 | -3.3% |
| Amounts payable after more than one year | 17 | €404,598 | €390,613 | -€13,985 | -3.5% |
| Financial debts | 170/4 | €404,598 | €390,613 | -€13,985 | -3.5% |
| Amounts payable within one year | 42/48 | €140,905 | €136,821 | -€4,084 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €13,602 | €13,985 | +€383 | +2.8% |
| Trade debts | 44 | €485 | €2,088 | +€1,603 | +330% |
| Suppliers | 440/4 | €485 | €2,088 | +€1,603 | +330% |
| Taxes, remuneration and social security | 45 | €221 | - | -€221 | |
| Taxes | 450/3 | €221 | - | -€221 | |
| Other amounts payable | 47/48 | €126,597 | €120,748 | -€5,849 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,198 | €25,908 | +€2,710 | +11.7% |
| Other operating charges | 640/8 | €4,939 | €3,831 | -€1,108 | -22.4% |
| Gross operating margin | 9900 | €12,105 | €33,300 | +€21,195 | +175% |
| Operating profit (loss) | 9901 | -€16,032 | €3,561 | +€19,593 | |
| Financial charges | 65/66B | €12,393 | €13,342 | +€949 | +7.7% |
| Recurring financial charges | 65 | €12,393 | €13,342 | +€949 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,426 | -€9,781 | +€18,644 | +65.6% |
| Profit (loss) for the period | 9904 | -€28,426 | -€9,781 | +€18,644 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,426 | -€9,781 | +€18,644 | +65.6% |
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.