LFG SPEK: 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.
LFG SPEK
Largest movements
- Cash -€169,708
down €169,708 (-98.2%), from €172,896 to €3,188
mainly Trade debts (-€169,125) and Receivables within one year (-€10,256)
- Receivables within one year +€10,256
up €10,256 (+678%), from €1,512 to €11,768
of which Trade receivables: +€10,672
- Trade debts -€169,125
down €169,125 (-96.7%), from €174,841 to €5,716
- Profit (loss) carried forward +€11,718
up €11,718 (+52.9%), from -€22,148 to -€10,430
- Debts after one year -€2,465
down €2,465 (-84.7%), from €2,911 to €446
- Gross operating margin +€14,800
up €14,800, from -€2,175 to €12,625
- Other operating charges -€335
down €335 (-45.6%), from €735 to €400
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 | €174,499 | €15,047 | -€159,452 | -91.4% |
| Fixed assets | 21/28 | €91 | €91 | = | 0.0% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €174,408 | €14,956 | -€159,452 | -91.4% |
| Amounts receivable within one year | 40/41 | €1,512 | €11,768 | +€10,256 | +678% |
| Trade receivables | 40 | €693 | €11,365 | +€10,672 | +1,540% |
| Other amounts receivable | 41 | €819 | €403 | -€416 | -50.8% |
| Cash at bank and in hand | 54/58 | €172,896 | €3,188 | -€169,708 | -98.2% |
| Total equity and liabilities | 10/49 | €174,499 | €15,047 | -€159,452 | -91.4% |
| Equity | 10/15 | -€3,440 | €8,278 | +€11,718 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €108 | €108 | = | 0.0% |
| Distributable reserves | 133 | €108 | €108 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,148 | -€10,430 | +€11,718 | +52.9% |
| Amounts payable | 17/49 | €177,939 | €6,769 | -€171,170 | -96.2% |
| Amounts payable after more than one year | 17 | €2,911 | €446 | -€2,465 | -84.7% |
| Other amounts payable | 178/9 | €2,911 | €446 | -€2,465 | -84.7% |
| Amounts payable within one year | 42/48 | €175,028 | €5,943 | -€169,085 | -96.6% |
| Trade debts | 44 | €174,841 | €5,716 | -€169,125 | -96.7% |
| Suppliers | 440/4 | €174,841 | €5,716 | -€169,125 | -96.7% |
| Taxes, remuneration and social security | 45 | €187 | €227 | +€40 | +21.4% |
| Taxes | 450/3 | €187 | €227 | +€40 | +21.4% |
| Accrued charges and deferred income | 492/3 | - | €380 | +€380 | |
| Other operating charges | 640/8 | €735 | €400 | -€335 | -45.6% |
| Non-recurring operating charges | 66A | - | €150 | +€150 | |
| Gross operating margin | 9900 | -€2,175 | €12,625 | +€14,800 | |
| Operating profit (loss) | 9901 | -€2,910 | €12,075 | +€14,985 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €476 | €352 | -€124 | -26.1% |
| Recurring financial charges | 65 | €476 | €352 | -€124 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,386 | €11,734 | +€15,120 | |
| Profit (loss) for the period | 9904 | -€3,386 | €11,734 | +€15,120 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,386 | €11,734 | +€15,120 |
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 14 October 2026 via checked.be.