LGMC: 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.
LGMC
Largest movements
- Tangible fixed assets +€89,420
up €89,420 (+381%), from €23,486 to €112,907
of which Plant, machinery and equipment: +€96,169
- Receivables within one year +€36,771
up €36,771 (+13.7%), from €267,583 to €304,354
of which Other amounts receivable: +€75,939
- Cash +€18,557
up €18,557 (+185%), from €10,020 to €28,576
mainly Net result for the year (+€109,734) and Trade debts (+€55,293)
- Stocks and contracts +€8,610
new in 2025: €8,610
- Intangible fixed assets +€6,382
up €6,382 (+49.8%), from €12,822 to €19,204
- Reserves +€95,679
up €95,679 (+123%), from €77,890 to €173,570
- Trade debts +€55,293
up €55,293 (+40.8%), from €135,657 to €190,950
- Current portion of long-term debt +€32,915
up €32,915 (+212%), from €15,495 to €48,410
- Debts after one year -€13,410
no longer reported in 2025 (was €13,410)
- Short-term financial debts -€7,894
down €7,894 (-11.1%), from €70,894 to €63,000
- Turnover -€875,442
no longer reported in 2025 (was €875,442)
- Purchases and services -€833,025
no longer reported in 2025 (was €833,025)
- Gross operating margin +€293,094
up €293,094 (+691%), from €42,417 to €335,511
- Staff costs +€149,832
up €149,832 (+5,672%), from €2,642 to €152,473
- Taxes +€37,729
up €37,729 (+1,002%), from €3,766 to €41,495
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 | €332,277 | €492,064 | +€159,787 | +48.1% |
| Fixed assets | 21/28 | €41,054 | €136,856 | +€95,802 | +233% |
| Intangible fixed assets | 21 | €12,822 | €19,204 | +€6,382 | +49.8% |
| Tangible fixed assets | 22/27 | €23,486 | €112,907 | +€89,420 | +381% |
| Plant, machinery and equipment | 23 | €3,894 | €100,063 | +€96,169 | +2,470% |
| Furniture and vehicles | 24 | €19,592 | €12,844 | -€6,748 | -34.4% |
| Financial fixed assets | 28 | €4,746 | €4,746 | = | 0.0% |
| Current assets | 29/58 | €291,223 | €355,208 | +€63,985 | +22.0% |
| Stocks and contracts in progress | 3 | - | €8,610 | +€8,610 | |
| Stocks | 30/36 | - | €8,610 | +€8,610 | |
| Amounts receivable within one year | 40/41 | €267,583 | €304,354 | +€36,771 | +13.7% |
| Trade receivables | 40 | €233,211 | €194,043 | -€39,168 | -16.8% |
| Other amounts receivable | 41 | €34,372 | €110,311 | +€75,939 | +221% |
| Cash at bank and in hand | 54/58 | €10,020 | €28,576 | +€18,557 | +185% |
| Deferred charges and accrued income | 490/1 | €13,621 | €13,668 | +€47 | +0.3% |
| Total equity and liabilities | 10/49 | €332,277 | €492,064 | +€159,787 | +48.1% |
| Equity | 10/15 | €78,390 | €174,070 | +€95,679 | +122% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €77,890 | €173,570 | +€95,679 | +123% |
| Distributable reserves | 133 | €77,890 | €173,570 | +€95,679 | +123% |
| Amounts payable | 17/49 | €253,887 | €317,994 | +€64,108 | +25.3% |
| Amounts payable after more than one year | 17 | €13,410 | - | -€13,410 | |
| Financial debts | 170/4 | €13,410 | - | -€13,410 | |
| Amounts payable within one year | 42/48 | €240,477 | €317,994 | +€77,518 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | €15,495 | €48,410 | +€32,915 | +212% |
| Financial debts | 43 | €70,894 | €63,000 | -€7,894 | -11.1% |
| Credit institutions | 430/8 | €70,894 | €63,000 | -€7,894 | -11.1% |
| Trade debts | 44 | €135,657 | €190,950 | +€55,293 | +40.8% |
| Suppliers | 440/4 | €135,657 | €190,950 | +€55,293 | +40.8% |
| Taxes, remuneration and social security | 45 | €7,997 | €11,993 | +€3,996 | +50.0% |
| Taxes | 450/3 | €7,650 | €8,114 | +€464 | +6.1% |
| Remuneration and social security | 454/9 | €347 | €3,879 | +€3,533 | +1,019% |
| Other amounts payable | 47/48 | €10,434 | €3,642 | -€6,792 | -65.1% |
| Turnover | 70 | €875,442 | - | -€875,442 | |
| Goods, raw materials, services and sundry goods | 60/61 | €833,025 | - | -€833,025 | |
| Remuneration, social security and pensions | 62 | €2,642 | €152,473 | +€149,832 | +5,672% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,266 | €23,539 | +€2,273 | +10.7% |
| Other operating charges | 640/8 | €743 | €2,374 | +€1,630 | +219% |
| Gross operating margin | 9900 | €42,417 | €335,511 | +€293,094 | +691% |
| Operating profit (loss) | 9901 | €17,766 | €157,125 | +€139,359 | +784% |
| Financial income | 75/76B | €50 | €73 | +€23 | +46.7% |
| Recurring financial income | 75 | €50 | €73 | +€23 | +46.7% |
| Financial charges | 65/66B | €3,617 | €5,969 | +€2,353 | +65.1% |
| Recurring financial charges | 65 | €3,617 | €5,969 | +€2,353 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | €14,199 | €151,229 | +€137,029 | +965% |
| Income taxes | 67/77 | €3,766 | €41,495 | +€37,729 | +1,002% |
| Profit (loss) for the period | 9904 | €10,434 | €109,734 | +€99,300 | +952% |
| Profit (loss) for the period to be appropriated | 9905 | €10,434 | €109,734 | +€99,300 | +952% |
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 15 October 2026 via checked.be.