LGuldentops: 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.
LGuldentops
Largest movements
- Cash +€54,394
up €54,394 (+31.7%), from €171,426 to €225,820
mainly Other debts (+€188,948) and Net result for the year (+€60,618)
- Tangible fixed assets +€5,345
up €5,345 (+35.4%), from €15,085 to €20,430
of which Furniture and vehicles: +€5,919
- Receivables within one year +€5,163
up €5,163 (+29.5%), from €17,494 to €22,657
of which Trade receivables: +€2,749
- Other debts +€188,948
up €188,948 (+18,176%), from €1,040 to €189,987
- Reserves -€158,575
down €158,575 (-84.1%), from €188,575 to €30,000
- Tax, wage and social debts +€34,703
up €34,703 (+631%), from €5,504 to €40,207
- Gross operating margin -€17,327
down €17,327 (-17.0%), from €101,678 to €84,351
- Taxes -€4,545
down €4,545 (-20.5%), from €22,132 to €17,586
- Depreciation +€1,673
up €1,673 (+51.0%), from €3,280 to €4,953
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 | €204,004 | €268,906 | +€64,902 | +31.8% |
| Fixed assets | 21/28 | €15,085 | €20,430 | +€5,345 | +35.4% |
| Tangible fixed assets | 22/27 | €15,085 | €20,430 | +€5,345 | +35.4% |
| Plant, machinery and equipment | 23 | €973 | €399 | -€574 | -59.0% |
| Furniture and vehicles | 24 | €14,112 | €20,031 | +€5,919 | +41.9% |
| Current assets | 29/58 | €188,919 | €248,477 | +€59,557 | +31.5% |
| Amounts receivable within one year | 40/41 | €17,494 | €22,657 | +€5,163 | +29.5% |
| Trade receivables | 40 | €14,625 | €17,375 | +€2,749 | +18.8% |
| Other amounts receivable | 41 | €2,869 | €5,282 | +€2,414 | +84.2% |
| Cash at bank and in hand | 54/58 | €171,426 | €225,820 | +€54,394 | +31.7% |
| Total equity and liabilities | 10/49 | €204,004 | €268,906 | +€64,902 | +31.8% |
| Equity | 10/15 | €191,575 | €33,000 | -€158,575 | -82.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €188,575 | €30,000 | -€158,575 | -84.1% |
| Distributable reserves | 133 | €188,575 | €30,000 | -€158,575 | -84.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €12,429 | €235,906 | +€223,477 | +1,798% |
| Amounts payable within one year | 42/48 | €12,429 | €234,226 | +€221,797 | +1,785% |
| Trade debts | 44 | €5,886 | €4,032 | -€1,854 | -31.5% |
| Suppliers | 440/4 | €5,886 | €4,032 | -€1,854 | -31.5% |
| Taxes, remuneration and social security | 45 | €5,504 | €40,207 | +€34,703 | +631% |
| Taxes | 450/3 | €5,504 | €40,207 | +€34,703 | +631% |
| Other amounts payable | 47/48 | €1,040 | €189,987 | +€188,948 | +18,176% |
| Accrued charges and deferred income | 492/3 | - | €1,680 | +€1,680 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,280 | €4,953 | +€1,673 | +51.0% |
| Other operating charges | 640/8 | €678 | €1,065 | +€387 | +57.0% |
| Gross operating margin | 9900 | €101,678 | €84,351 | -€17,327 | -17.0% |
| Operating profit (loss) | 9901 | €97,719 | €78,333 | -€19,387 | -19.8% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100% |
| Financial charges | 65/66B | €199 | €129 | -€71 | -35.5% |
| Recurring financial charges | 65 | €199 | €123 | -€77 | -38.5% |
| Non-recurring financial charges | 66B | - | €6 | +€6 | |
| Profit (loss) for the period before taxes | 9903 | €97,530 | €78,204 | -€19,326 | -19.8% |
| Income taxes | 67/77 | €22,132 | €17,586 | -€4,545 | -20.5% |
| Profit (loss) for the period | 9904 | €75,399 | €60,618 | -€14,781 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,399 | €60,618 | -€14,781 | -19.6% |
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 17 October 2026 via checked.be.