LG: 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.
LG
Largest movements
- Stocks and contracts -€310,000
down €310,000 (-23.0%), from €1.4m to €1.0m
- Financial fixed assets +€150,000
up €150,000 (+14.0%), from €1.1m to €1.2m
- Receivables within one year +€63,898
up €63,898 (+77.6%), from €82,306 to €146,204
of which Trade receivables: +€50,000
- Other debts -€97,987
down €97,987 (-4.9%), from €2.0m to €1.9m
- Gross operating margin +€39,337
up €39,337, from -€1,445 to €37,892
- Other operating charges +€1,185
up €1,185 (+115.6%), from €1,025 to €2,210
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 | €2,500,893 | €2,404,728 | -€96,165 | -3.8% |
| Fixed assets | 21/28 | €1,068,520 | €1,218,431 | +€149,911 | +14.0% |
| Tangible fixed assets | 22/27 | €89 | - | -€89 | |
| Furniture and vehicles | 24 | €89 | - | -€89 | |
| Financial fixed assets | 28 | €1,068,431 | €1,218,431 | +€150,000 | +14.0% |
| Current assets | 29/58 | €1,432,373 | €1,186,297 | -€246,076 | -17.2% |
| Stocks and contracts in progress | 3 | €1,350,000 | €1,040,000 | -€310,000 | -23.0% |
| Stocks | 30/36 | €1,350,000 | €1,040,000 | -€310,000 | -23.0% |
| Amounts receivable within one year | 40/41 | €82,306 | €146,204 | +€63,898 | +77.6% |
| Trade receivables | 40 | €22,000 | €72,000 | +€50,000 | +227.3% |
| Other amounts receivable | 41 | €60,306 | €74,204 | +€13,898 | +23.0% |
| Cash at bank and in hand | 54/58 | €67 | €92 | +€26 | +38.6% |
| Total equity and liabilities | 10/49 | €2,500,893 | €2,404,728 | -€96,165 | -3.8% |
| Equity | 10/15 | €485,803 | €488,187 | +€2,384 | +0.5% |
| Contributions | 10/11 | €512,400 | €512,400 | = | 0.0% |
| Reserves | 13 | €9,520 | €9,520 | = | 0.0% |
| Distributable reserves | 133 | €9,520 | €9,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,117 | -€33,732 | +€2,384 | +6.6% |
| Amounts payable | 17/49 | €2,015,090 | €1,916,541 | -€98,549 | -4.9% |
| Amounts payable within one year | 42/48 | €2,015,090 | €1,916,541 | -€98,549 | -4.9% |
| Trade debts | 44 | €13,060 | €13,311 | +€252 | +1.9% |
| Suppliers | 440/4 | €13,060 | €13,311 | +€252 | +1.9% |
| Taxes, remuneration and social security | 45 | €814 | - | -€814 | |
| Taxes | 450/3 | €814 | - | -€814 | |
| Other amounts payable | 47/48 | €2,001,217 | €1,903,229 | -€97,987 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451 | €89 | -€362 | -80.3% |
| Other operating charges | 640/8 | €1,025 | €2,210 | +€1,185 | +115.6% |
| Gross operating margin | 9900 | -€1,445 | €37,892 | +€39,337 | |
| Operating profit (loss) | 9901 | -€2,921 | €35,593 | +€38,514 | |
| Financial income | 75/76B | €13,674 | €13,859 | +€185 | +1.4% |
| Recurring financial income | 75 | €13,674 | €13,859 | +€185 | +1.4% |
| Financial charges | 65/66B | €46,870 | €47,069 | +€198 | +0.4% |
| Recurring financial charges | 65 | €46,870 | €47,069 | +€198 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€36,117 | €2,384 | +€38,501 | |
| Profit (loss) for the period | 9904 | -€36,117 | €2,384 | +€38,501 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,117 | €2,384 | +€38,501 |
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 7 October 2026 via checked.be.