LG DESIGN: 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 DESIGN
Largest movements
- Stocks and contracts -€295,638
down €295,638 (-68.7%), from €430,323 to €134,685
- Receivables within one year +€190,878
up €190,878 (+56.5%), from €337,766 to €528,644
of which Other amounts receivable: +€192,278
- Tangible fixed assets -€75,442
down €75,442 (-4.7%), from €1.6m to €1.5m
of which Land and buildings: -€74,249
- Financial fixed assets -€55,000
down €55,000 (-50.0%), from €110,000 to €55,000
- Cash +€43,741
up €43,741 (+71.6%), from €61,094 to €104,835
mainly Stocks and contracts (+€295,638) and Net result for the year (+€110,015)
- Short-term financial debts -€331,342
down €331,342 (-95.6%), from €346,598 to €15,256
- Reserves +€110,015
up €110,015 (+47.7%), from €230,467 to €340,482
of which Distributable reserves: +€110,015
- Tax, wage and social debts +€30,643
up €30,643 (+47.5%), from €64,451 to €95,094
of which Taxes: +€20,783
- Gross operating margin -€147,579
down €147,579 (-33.2%), from €445,030 to €297,451
- Financial charges -€75,869
down €75,869 (-65.8%), from €115,313 to €39,445
- Taxes -€33,731
down €33,731 (-40.7%), from €82,831 to €49,100
- Other operating charges +€5,191
up €5,191 (+32.1%), from €16,152 to €21,343
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 | €2,537,994 | €2,344,931 | -€193,063 | -7.6% |
| Fixed assets | 21/28 | €1,707,207 | €1,576,764 | -€130,442 | -7.6% |
| Tangible fixed assets | 22/27 | €1,597,207 | €1,521,764 | -€75,442 | -4.7% |
| Land and buildings | 22 | €1,590,291 | €1,516,042 | -€74,249 | -4.7% |
| Plant, machinery and equipment | 23 | €6,472 | €5,722 | -€750 | -11.6% |
| Furniture and vehicles | 24 | €444 | - | -€444 | |
| Financial fixed assets | 28 | €110,000 | €55,000 | -€55,000 | -50.0% |
| Current assets | 29/58 | €830,787 | €768,166 | -€62,621 | -7.5% |
| Stocks and contracts in progress | 3 | €430,323 | €134,685 | -€295,638 | -68.7% |
| Stocks | 30/36 | €430,323 | €134,685 | -€295,638 | -68.7% |
| Amounts receivable within one year | 40/41 | €337,766 | €528,644 | +€190,878 | +56.5% |
| Trade receivables | 40 | €12,290 | €10,890 | -€1,400 | -11.4% |
| Other amounts receivable | 41 | €325,476 | €517,754 | +€192,278 | +59.1% |
| Cash at bank and in hand | 54/58 | €61,094 | €104,835 | +€43,741 | +71.6% |
| Deferred charges and accrued income | 490/1 | €1,604 | €2 | -€1,602 | -99.8% |
| Total equity and liabilities | 10/49 | €2,537,994 | €2,344,931 | -€193,063 | -7.6% |
| Equity | 10/15 | €917,090 | €1,027,105 | +€110,015 | +12.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €230,467 | €340,482 | +€110,015 | +47.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €228,467 | €338,482 | +€110,015 | +48.2% |
| Profit (loss) carried forward | 14 | €674,223 | €674,223 | = | 0.0% |
| Amounts payable | 17/49 | €1,620,904 | €1,317,826 | -€303,078 | -18.7% |
| Amounts payable after more than one year | 17 | €1,078,819 | €1,078,057 | -€762 | -0.1% |
| Financial debts | 170/4 | €1,078,819 | €1,078,057 | -€762 | -0.1% |
| Amounts payable within one year | 42/48 | €542,086 | €239,769 | -€302,317 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €105,212 | €116,736 | +€11,524 | +11.0% |
| Financial debts | 43 | €346,598 | €15,256 | -€331,342 | -95.6% |
| Credit institutions | 430/8 | €346,598 | €15,256 | -€331,342 | -95.6% |
| Trade debts | 44 | €15,825 | €1,783 | -€14,042 | -88.7% |
| Suppliers | 440/4 | €15,825 | €1,783 | -€14,042 | -88.7% |
| Taxes, remuneration and social security | 45 | €64,451 | €95,094 | +€30,643 | +47.5% |
| Taxes | 450/3 | €63,395 | €84,178 | +€20,783 | +32.8% |
| Remuneration and social security | 454/9 | €1,056 | €10,916 | +€9,860 | +934% |
| Other amounts payable | 47/48 | €10,000 | €10,900 | +€900 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,450 | €75,442 | -€8 | 0.0% |
| Other operating charges | 640/8 | €16,152 | €21,343 | +€5,191 | +32.1% |
| Non-recurring operating charges | 66A | - | €3,956 | +€3,956 | |
| Gross operating margin | 9900 | €445,030 | €297,451 | -€147,579 | -33.2% |
| Operating profit (loss) | 9901 | €353,427 | €196,709 | -€156,718 | -44.3% |
| Financial income | 75/76B | €1,695 | €1,851 | +€156 | +9.2% |
| Recurring financial income | 75 | €1,695 | €1,851 | +€156 | +9.2% |
| Financial charges | 65/66B | €115,313 | €39,445 | -€75,869 | -65.8% |
| Recurring financial charges | 65 | €115,313 | €39,445 | -€75,869 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €239,808 | €159,115 | -€80,693 | -33.6% |
| Income taxes | 67/77 | €82,831 | €49,100 | -€33,731 | -40.7% |
| Profit (loss) for the period | 9904 | €156,978 | €110,015 | -€46,963 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €156,978 | €110,015 | -€46,963 | -29.9% |
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.