LGVS: 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.
LGVS
Largest movements
- Receivables within one year +€7,003
up €7,003 (+121%), from €5,787 to €12,790
- Deferred charges and accrued income -€6,695
down €6,695 (-100%), from €6,695 to €0
- Cash -€2,831
down €2,831 (-13.3%), from €21,349 to €18,518
mainly Receivables within one year (-€7,003) and Trade debts (-€4,200)
- Trade debts -€4,200
down €4,200 (-25.0%), from €16,826 to €12,626
- Gross operating margin -€28,341
down €28,341 (-78.3%), from €36,205 to €7,864
- Other operating charges -€16,660
down €16,660 (-73.9%), from €22,534 to €5,873
- Taxes -€6,353
down €6,353 (-96.0%), from €6,618 to €265
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 | €223,619 | €220,216 | -€3,403 | -1.5% |
| Fixed assets | 21/28 | €189,788 | €188,908 | -€880 | -0.5% |
| Tangible fixed assets | 22/27 | €189,788 | €188,908 | -€880 | -0.5% |
| Land and buildings | 22 | €189,788 | €188,908 | -€880 | -0.5% |
| Current assets | 29/58 | €33,831 | €31,308 | -€2,523 | -7.5% |
| Amounts receivable within one year | 40/41 | €5,787 | €12,790 | +€7,003 | +121% |
| Other amounts receivable | 41 | €5,787 | €12,790 | +€7,003 | +121% |
| Cash at bank and in hand | 54/58 | €21,349 | €18,518 | -€2,831 | -13.3% |
| Deferred charges and accrued income | 490/1 | €6,695 | €0 | -€6,695 | -100% |
| Total equity and liabilities | 10/49 | €223,619 | €220,216 | -€3,403 | -1.5% |
| Equity | 10/15 | €50,361 | €51,157 | +€796 | +1.6% |
| Contributions | 10/11 | €39,031 | €39,031 | = | 0.0% |
| Reserves | 13 | €1,747 | €2,543 | +€796 | +45.6% |
| Distributable reserves | 133 | €1,747 | €2,543 | +€796 | +45.6% |
| Profit (loss) carried forward | 14 | €9,583 | €9,583 | = | 0.0% |
| Amounts payable | 17/49 | €173,258 | €169,059 | -€4,200 | -2.4% |
| Amounts payable after more than one year | 17 | €9,248 | €9,248 | = | 0.0% |
| Other amounts payable | 178/9 | €9,248 | €9,248 | = | 0.0% |
| Amounts payable within one year | 42/48 | €164,010 | €159,810 | -€4,200 | -2.6% |
| Trade debts | 44 | €16,826 | €12,626 | -€4,200 | -25.0% |
| Suppliers | 440/4 | €16,826 | €12,626 | -€4,200 | -25.0% |
| Other amounts payable | 47/48 | €147,184 | €147,184 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €880 | €880 | = | 0.0% |
| Other operating charges | 640/8 | €22,534 | €5,873 | -€16,660 | -73.9% |
| Gross operating margin | 9900 | €36,205 | €7,864 | -€28,341 | -78.3% |
| Operating profit (loss) | 9901 | €12,791 | €1,110 | -€11,680 | -91.3% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €215 | €51 | -€163 | -76.1% |
| Recurring financial charges | 65 | €215 | €51 | -€163 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | €12,576 | €1,062 | -€11,514 | -91.6% |
| Income taxes | 67/77 | €6,618 | €265 | -€6,353 | -96.0% |
| Profit (loss) for the period | 9904 | €5,958 | €796 | -€5,161 | -86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,958 | €796 | -€5,161 | -86.6% |
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 20 October 2026 via checked.be.