LGRM: 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.
LGRM
Largest movements
- Tangible fixed assets -€8,458
down €8,458 (-29.7%), from €28,494 to €20,036
of which Furniture and vehicles: -€7,975
- Receivables within one year -€5,467
no longer reported in 2025 (was €5,467)
- Cash +€1,058
up €1,058 (+230.0%), from €460 to €1,519
mainly Depreciation (+€11,078) and Receivables within one year (+€5,467)
- Debts after one year -€15,575
down €15,575 (-47.4%), from €32,882 to €17,307
- Profit (loss) carried forward +€2,641
up €2,641, from -€2,218 to €423
- Trade debts -€1,272
no longer reported in 2025 (was €1,272)
- Tax, wage and social debts +€980
up €980 (+51.4%), from €1,908 to €2,888
- Current portion of long-term debt +€582
new in 2025: €582
- Taxes +€1,332
up €1,332 (+69.8%), from €1,908 to €3,240
- Depreciation +€1,079
up €1,079 (+10.8%), from €9,999 to €11,078
- Gross operating margin -€561
down €561 (-3.0%), from €18,431 to €17,870
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 | €36,344 | €23,699 | -€12,645 | -34.8% |
| Fixed assets | 21/28 | €28,494 | €20,036 | -€8,458 | -29.7% |
| Tangible fixed assets | 22/27 | €28,494 | €20,036 | -€8,458 | -29.7% |
| Plant, machinery and equipment | 23 | €1,330 | €847 | -€483 | -36.3% |
| Furniture and vehicles | 24 | €27,164 | €19,189 | -€7,975 | -29.4% |
| Current assets | 29/58 | €7,850 | €3,663 | -€4,187 | -53.3% |
| Amounts receivable within one year | 40/41 | €5,467 | - | -€5,467 | |
| Trade receivables | 40 | €5,467 | - | -€5,467 | |
| Cash at bank and in hand | 54/58 | €460 | €1,519 | +€1,058 | +230.0% |
| Deferred charges and accrued income | 490/1 | €1,923 | €2,145 | +€222 | +11.5% |
| Total equity and liabilities | 10/49 | €36,344 | €23,699 | -€12,645 | -34.8% |
| Equity | 10/15 | €282 | €2,923 | +€2,641 | +935.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,218 | €423 | +€2,641 | |
| Amounts payable | 17/49 | €36,062 | €20,776 | -€15,285 | -42.4% |
| Amounts payable after more than one year | 17 | €32,882 | €17,307 | -€15,575 | -47.4% |
| Other amounts payable | 178/9 | €32,882 | €17,307 | -€15,575 | -47.4% |
| Amounts payable within one year | 42/48 | €3,180 | €3,470 | +€290 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | - | €582 | +€582 | |
| Trade debts | 44 | €1,272 | - | -€1,272 | |
| Suppliers | 440/4 | €1,272 | - | -€1,272 | |
| Taxes, remuneration and social security | 45 | €1,908 | €2,888 | +€980 | +51.4% |
| Taxes | 450/3 | €1,908 | €2,888 | +€980 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,999 | €11,078 | +€1,079 | +10.8% |
| Other operating charges | 640/8 | €872 | €786 | -€86 | -9.9% |
| Gross operating margin | 9900 | €18,431 | €17,870 | -€561 | -3.0% |
| Operating profit (loss) | 9901 | €7,560 | €6,006 | -€1,554 | -20.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +390.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +390.0% |
| Financial charges | 65/66B | €169 | €127 | -€43 | -25.2% |
| Recurring financial charges | 65 | €169 | €127 | -€43 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €7,391 | €5,881 | -€1,510 | -20.4% |
| Income taxes | 67/77 | €1,908 | €3,240 | +€1,332 | +69.8% |
| Profit (loss) for the period | 9904 | €5,483 | €2,641 | -€2,842 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,483 | €2,641 | -€2,842 | -51.8% |
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 4 October 2026 via checked.be.