LKGF: 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.
LKGF
Largest movements
- Tangible fixed assets -€14,411
down €14,411 (-22.2%), from €64,829 to €50,418
- Cash +€3,493
up €3,493 (+24.2%), from €14,410 to €17,903
mainly Depreciation (+€14,411) and Net result for the year (+€10,966)
- Other debts -€19,736
down €19,736 (-22.5%), from €87,900 to €68,165
- Profit (loss) carried forward +€10,966
up €10,966 (+50.8%), from -€21,604 to -€10,638
- Trade debts -€3,377
down €3,377 (-42.5%), from €7,950 to €4,573
- Gross operating margin -€4,402
down €4,402 (-12.0%), from €36,804 to €32,402
- Other operating charges +€1,263
up €1,263 (+48.6%), from €2,600 to €3,863
- Depreciation -€594
down €594 (-4.0%), from €15,005 to €14,411
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,550 | €82,510 | -€12,040 | -12.7% |
| Fixed assets | 21/28 | €70,340 | €55,929 | -€14,411 | -20.5% |
| Tangible fixed assets | 22/27 | €64,829 | €50,418 | -€14,411 | -22.2% |
| Plant, machinery and equipment | 23 | €6,493 | €4,547 | -€1,946 | -30.0% |
| Furniture and vehicles | 24 | €7,407 | €2,136 | -€5,271 | -71.2% |
| Other tangible fixed assets | 26 | €50,929 | €43,735 | -€7,194 | -14.1% |
| Financial fixed assets | 28 | €5,511 | €5,511 | = | 0.0% |
| Current assets | 29/58 | €24,209 | €26,580 | +€2,371 | +9.8% |
| Stocks and contracts in progress | 3 | €4,883 | €4,505 | -€378 | -7.7% |
| Stocks | 30/36 | €4,883 | €4,505 | -€378 | -7.7% |
| Amounts receivable within one year | 40/41 | €26 | €48 | +€22 | +84.6% |
| Other amounts receivable | 41 | €26 | €48 | +€22 | +84.6% |
| Cash at bank and in hand | 54/58 | €14,410 | €17,903 | +€3,493 | +24.2% |
| Deferred charges and accrued income | 490/1 | €4,891 | €4,125 | -€766 | -15.7% |
| Total equity and liabilities | 10/49 | €94,550 | €82,510 | -€12,040 | -12.7% |
| Equity | 10/15 | -€3,004 | €7,962 | +€10,966 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,604 | -€10,638 | +€10,966 | +50.8% |
| Amounts payable | 17/49 | €97,554 | €74,547 | -€23,007 | -23.6% |
| Amounts payable within one year | 42/48 | €97,554 | €74,547 | -€23,007 | -23.6% |
| Trade debts | 44 | €7,950 | €4,573 | -€3,377 | -42.5% |
| Suppliers | 440/4 | €7,950 | €4,573 | -€3,377 | -42.5% |
| Taxes, remuneration and social security | 45 | €1,703 | €1,809 | +€106 | +6.2% |
| Taxes | 450/3 | €1,667 | €1,809 | +€142 | +8.5% |
| Remuneration and social security | 454/9 | €36 | - | -€36 | |
| Other amounts payable | 47/48 | €87,900 | €68,165 | -€19,736 | -22.5% |
| Non-recurring operating income | 76A | €9 | €4 | -€5 | -52.9% |
| Remuneration, social security and pensions | 62 | €2,915 | €2,881 | -€34 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,005 | €14,411 | -€594 | -4.0% |
| Other operating charges | 640/8 | €2,600 | €3,863 | +€1,263 | +48.6% |
| Gross operating margin | 9900 | €36,804 | €32,402 | -€4,402 | -12.0% |
| Operating profit (loss) | 9901 | €16,283 | €11,247 | -€5,036 | -30.9% |
| Financial charges | 65/66B | €308 | €148 | -€160 | -51.9% |
| Recurring financial charges | 65 | €308 | €148 | -€160 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €15,975 | €11,098 | -€4,877 | -30.5% |
| Income taxes | 67/77 | €104 | €132 | +€28 | +26.4% |
| Profit (loss) for the period | 9904 | €15,871 | €10,966 | -€4,904 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,871 | €10,966 | -€4,904 | -30.9% |
Source: filed annual accounts (NBB), financial years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.