LG Concept: 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.
LG Concept
Largest movements
- Receivables within one year +€39,693
up €39,693 (+14.3%), from €277,739 to €317,432
of which Trade receivables: +€34,589
- Tangible fixed assets -€34,263
down €34,263 (-6.8%), from €504,231 to €469,968
of which Other tangible fixed assets: -€28,644
- Stocks and contracts +€19,567
up €19,567 (+18.2%), from €107,262 to €126,829
- Cash +€17,314
up €17,314 (+2,236%), from €774 to €18,088
mainly Net result for the year (+€94,658) and Depreciation (+€56,007)
- Profit (loss) carried forward +€74,658
up €74,658, from -€60,810 to €13,848
- Debts after one year -€69,400
down €69,400 (-16.1%), from €430,228 to €360,828
- Trade debts +€27,640
up €27,640 (+10.5%), from €262,777 to €290,416
- Reserves +€20,000
up €20,000 (+50.0%), from €40,000 to €60,000
- Current portion of long-term debt -€13,206
down €13,206 (-15.2%), from €86,748 to €73,541
- Gross operating margin +€141,434
up €141,434 (+23.8%), from €594,826 to €736,260
- Staff costs +€59,134
up €59,134 (+12.6%), from €467,968 to €527,102
- Financial income -€16,398
down €16,398 (-80.8%), from €20,286 to €3,888
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 | €919,621 | €962,385 | +€42,764 | +4.7% |
| Fixed assets | 21/28 | €518,598 | €483,237 | -€35,361 | -6.8% |
| Intangible fixed assets | 21 | €4,251 | €3,153 | -€1,098 | -25.8% |
| Tangible fixed assets | 22/27 | €504,231 | €469,968 | -€34,263 | -6.8% |
| Plant, machinery and equipment | 23 | €12,728 | €8,240 | -€4,488 | -35.3% |
| Furniture and vehicles | 24 | €44,317 | €43,186 | -€1,131 | -2.6% |
| Other tangible fixed assets | 26 | €447,186 | €418,542 | -€28,644 | -6.4% |
| Financial fixed assets | 28 | €10,116 | €10,116 | = | 0.0% |
| Current assets | 29/58 | €401,023 | €479,148 | +€78,125 | +19.5% |
| Stocks and contracts in progress | 3 | €107,262 | €126,829 | +€19,567 | +18.2% |
| Stocks | 30/36 | €107,262 | €126,829 | +€19,567 | +18.2% |
| Amounts receivable within one year | 40/41 | €277,739 | €317,432 | +€39,693 | +14.3% |
| Trade receivables | 40 | €237,910 | €272,500 | +€34,589 | +14.5% |
| Other amounts receivable | 41 | €39,829 | €44,933 | +€5,104 | +12.8% |
| Cash at bank and in hand | 54/58 | €774 | €18,088 | +€17,314 | +2,236% |
| Deferred charges and accrued income | 490/1 | €15,248 | €16,799 | +€1,551 | +10.2% |
| Total equity and liabilities | 10/49 | €919,621 | €962,385 | +€42,764 | +4.7% |
| Equity | 10/15 | -€2,210 | €92,448 | +€94,658 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,000 | €60,000 | +€20,000 | +50.0% |
| Distributable reserves | 133 | €40,000 | €60,000 | +€20,000 | +50.0% |
| Profit (loss) carried forward | 14 | -€60,810 | €13,848 | +€74,658 | |
| Amounts payable | 17/49 | €921,831 | €869,937 | -€51,894 | -5.6% |
| Amounts payable after more than one year | 17 | €430,228 | €360,828 | -€69,400 | -16.1% |
| Financial debts | 170/4 | €430,228 | €360,828 | -€69,400 | -16.1% |
| Amounts payable within one year | 42/48 | €491,568 | €509,109 | +€17,541 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €86,748 | €73,541 | -€13,206 | -15.2% |
| Financial debts | 43 | €67,198 | €62,276 | -€4,922 | -7.3% |
| Credit institutions | 430/8 | €67,198 | €62,276 | -€4,922 | -7.3% |
| Trade debts | 44 | €262,777 | €290,416 | +€27,640 | +10.5% |
| Suppliers | 440/4 | €262,777 | €290,416 | +€27,640 | +10.5% |
| Taxes, remuneration and social security | 45 | €74,846 | €82,472 | +€7,627 | +10.2% |
| Taxes | 450/3 | €44,176 | €45,462 | +€1,285 | +2.9% |
| Remuneration and social security | 454/9 | €30,669 | €37,011 | +€6,341 | +20.7% |
| Other amounts payable | 47/48 | - | €403 | +€403 | |
| Accrued charges and deferred income | 492/3 | €36 | - | -€36 | |
| Remuneration, social security and pensions | 62 | €467,968 | €527,102 | +€59,134 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,500 | €56,007 | -€3,493 | -5.9% |
| Other operating charges | 640/8 | €10,974 | €12,475 | +€1,502 | +13.7% |
| Gross operating margin | 9900 | €594,826 | €736,260 | +€141,434 | +23.8% |
| Operating profit (loss) | 9901 | €56,385 | €140,676 | +€84,291 | +149% |
| Financial income | 75/76B | €20,286 | €3,888 | -€16,398 | -80.8% |
| Recurring financial income | 75 | €20,286 | €3,888 | -€16,398 | -80.8% |
| Financial charges | 65/66B | €40,849 | €45,140 | +€4,291 | +10.5% |
| Recurring financial charges | 65 | €40,849 | €45,140 | +€4,291 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €35,821 | €99,423 | +€63,602 | +178% |
| Income taxes | 67/77 | -€233 | €4,765 | +€4,999 | |
| Profit (loss) for the period | 9904 | €36,055 | €94,658 | +€58,603 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €36,055 | €94,658 | +€58,603 | +163% |
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 23 October 2026 via checked.be.