LG DRINKS: 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 DRINKS
Largest movements
- Tangible fixed assets -€17,725
down €17,725 (-96.3%), from €18,398 to €673
of which Furniture and vehicles: -€17,377
- Receivables within one year +€15,557
up €15,557 (+36890.3%), from €42 to €15,599
of which Trade receivables: +€15,569
- Cash -€11,038
down €11,038 (-94.6%), from €11,670 to €633
mainly Net result for the year (-€21,619) and Receivables within one year (-€15,557)
- Intangible fixed assets -€1,451
down €1,451 (-20.0%), from €7,255 to €5,804
- Stocks and contracts -€1,025
down €1,025 (-25.0%), from €4,091 to €3,067
- Profit (loss) carried forward -€21,619
down €21,619 (-739.1%), from -€2,925 to -€24,544
- Trade debts +€15,206
up €15,206 (+380.3%), from €3,998 to €19,204
- Debts after one year -€11,265
no longer reported in 2023 (was €11,265)
- Other debts +€8,464
up €8,464 (+124.2%), from €6,817 to €15,281
- Current portion of long-term debt -€4,828
no longer reported in 2023 (was €4,828)
- Purchases and services +€64,213
new in 2023: €64,213
- Turnover +€63,804
new in 2023: €63,804
- Depreciation -€5,330
down €5,330 (-74.8%), from €7,128 to €1,799
- Staff costs +€2,985
up €2,985 (+26.6%), from €11,219 to €14,204
- Other operating charges +€2,817
up €2,817 (+146.0%), from €1,930 to €4,747
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,320 | €32,638 | -€15,682 | -32.5% |
| Fixed assets | 21/28 | €32,516 | €13,340 | -€19,176 | -59.0% |
| Intangible fixed assets | 21 | €7,255 | €5,804 | -€1,451 | -20.0% |
| Tangible fixed assets | 22/27 | €18,398 | €673 | -€17,725 | -96.3% |
| Plant, machinery and equipment | 23 | €1,021 | €673 | -€348 | -34.0% |
| Furniture and vehicles | 24 | €17,377 | - | -€17,377 | |
| Financial fixed assets | 28 | €6,863 | €6,863 | = | 0.0% |
| Current assets | 29/58 | €15,804 | €19,298 | +€3,494 | +22.1% |
| Stocks and contracts in progress | 3 | €4,091 | €3,067 | -€1,025 | -25.0% |
| Stocks | 30/36 | €4,091 | €3,067 | -€1,025 | -25.0% |
| Amounts receivable within one year | 40/41 | €42 | €15,599 | +€15,557 | +36890.3% |
| Trade receivables | 40 | €30 | €15,599 | +€15,569 | +51896.0% |
| Other amounts receivable | 41 | €12 | - | -€12 | |
| Cash at bank and in hand | 54/58 | €11,670 | €633 | -€11,038 | -94.6% |
| Total equity and liabilities | 10/49 | €48,320 | €32,638 | -€15,682 | -32.5% |
| Equity | 10/15 | €13,485 | -€8,134 | -€21,619 | |
| Contributions | 10/11 | €14,550 | €14,550 | = | 0.0% |
| Capital | 10 | - | €14,550 | +€14,550 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €4,050 | +€4,050 | |
| Contributions outside capital | 11 | €14,550 | - | -€14,550 | |
| Other | 1109/19 | €14,550 | - | -€14,550 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,925 | -€24,544 | -€21,619 | -739.1% |
| Amounts payable | 17/49 | €34,835 | €40,772 | +€5,937 | +17.0% |
| Amounts payable after more than one year | 17 | €11,265 | - | -€11,265 | |
| Financial debts | 170/4 | €11,265 | - | -€11,265 | |
| Amounts payable within one year | 42/48 | €23,570 | €40,772 | +€17,203 | +73.0% |
| Current portion of amounts payable after more than one year | 42 | €4,828 | - | -€4,828 | |
| Financial debts | 43 | €4,662 | - | -€4,662 | |
| Credit institutions | 430/8 | €4,662 | - | -€4,662 | |
| Trade debts | 44 | €3,998 | €19,204 | +€15,206 | +380.3% |
| Suppliers | 440/4 | €3,998 | €19,204 | +€15,206 | +380.3% |
| Taxes, remuneration and social security | 45 | €3,264 | €6,287 | +€3,023 | +92.6% |
| Taxes | 450/3 | €2,534 | €5,228 | +€2,694 | +106.3% |
| Remuneration and social security | 454/9 | €730 | €1,059 | +€329 | +45.0% |
| Other amounts payable | 47/48 | €6,817 | €15,281 | +€8,464 | +124.2% |
| Turnover | 70 | - | €63,804 | +€63,804 | |
| Non-recurring operating income | 76A | €7,000 | €629 | -€6,371 | -91.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €64,213 | +€64,213 | |
| Remuneration, social security and pensions | 62 | €11,219 | €14,204 | +€2,985 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,128 | €1,799 | -€5,330 | -74.8% |
| Other operating charges | 640/8 | €1,930 | €4,747 | +€2,817 | +146.0% |
| Non-recurring operating charges | 66A | - | €6 | +€6 | |
| Gross operating margin | 9900 | €2,313 | €220 | -€2,094 | -90.5% |
| Operating profit (loss) | 9901 | -€17,964 | -€20,535 | -€2,572 | -14.3% |
| Financial income | 75/76B | €2 | €108 | +€106 | +5273.1% |
| Recurring financial income | 75 | €2 | €108 | +€106 | +5273.1% |
| Financial charges | 65/66B | €331 | €982 | +€651 | +197.0% |
| Recurring financial charges | 65 | €331 | €982 | +€651 | +197.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,292 | -€21,409 | -€3,117 | -17.0% |
| Income taxes | 67/77 | €140 | €210 | +€69 | +49.4% |
| Profit (loss) for the period | 9904 | -€18,433 | -€21,619 | -€3,186 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,433 | -€21,619 | -€3,186 | -17.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.