LG ELEC: what changed
What changed
LG ELEC
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€52,446
2024 · €122,729-€70,284
Equity
€430,811
2024 · €378,365+€52,446
Cash
€294,567
2024 · €198,296+€96,270
Balance sheet total
€593,248
2024 · €576,301+€16,947
Largest movements
Assets
- Cash +€96,270
up €96,270 (+48.5%), from €198,296 to €294,567
mainly Receivables within one year (+€83,894) and Net result for the year (+€52,446)
- Receivables within one year -€83,894
down €83,894 (-22.5%), from €372,734 to €288,839
of which Trade receivables: -€65,924
Equity and liabilities
- Reserves +€52,000
up €52,000 (+2,796%), from €1,860 to €53,860
of which Distributable reserves: +€52,000
- Trade debts -€37,023
down €37,023 (-25.1%), from €147,773 to €110,750
Income statement
- Gross operating margin -€91,850
down €91,850 (-19.7%), from €467,192 to €375,341
- Taxes -€15,464
down €15,464 (-41.2%), from €37,495 to €22,031
- Write-downs +€14,370
up €14,370, from -€14,370 to €0
- Other operating charges -€14,251
down €14,251 (-82.0%), from €17,390 to €3,139
- Staff costs -€7,968
down €7,968 (-2.7%), from €291,204 to €283,236
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€122,729
Gross operating margin
-€91,850
Staff costs
+€7,968
Depreciation
-€477
Write-downs
-€14,370
Other operating charges
+€14,251
Financial income
-€90
Financial charges
-€1,180
Taxes
+€15,464
Result 2025
€52,446
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€99,538
Investment
-€1,173
Financing
-€2,094
Cash 2024
€198,296
From operations (derived)
+€99,538
Net result for the year
+€52,446
Depreciation
+€2,246
Receivables within one year
+€83,894
Deferred charges and accrued income
-€5,644
Trade debts
-€37,023
Tax, wage and social debts
+€3,618
Investment (derived)
-€1,173
Investment in fixed assets (net)
-€1,173
Financing
-€2,094
Current portion of long-term debt
-€739
Short-term financial debts
-€1,355
Cash 2025
€294,567
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €576,301 | €593,248 | +€16,947 | +2.9% |
| Fixed assets | 21/28 | €5,080 | €4,007 | -€1,073 | -21.1% |
| Tangible fixed assets | 22/27 | €4,965 | €3,892 | -€1,073 | -21.6% |
| Furniture and vehicles | 24 | €4,965 | €3,892 | -€1,073 | -21.6% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €571,221 | €589,241 | +€18,020 | +3.2% |
| Amounts receivable within one year | 40/41 | €372,734 | €288,839 | -€83,894 | -22.5% |
| Trade receivables | 40 | €334,138 | €268,214 | -€65,924 | -19.7% |
| Other amounts receivable | 41 | €38,596 | €20,625 | -€17,970 | -46.6% |
| Cash at bank and in hand | 54/58 | €198,296 | €294,567 | +€96,270 | +48.5% |
| Deferred charges and accrued income | 490/1 | €191 | €5,835 | +€5,644 | +2,963% |
| Total equity and liabilities | 10/49 | €576,301 | €593,248 | +€16,947 | +2.9% |
| Equity | 10/15 | €378,365 | €430,811 | +€52,446 | +13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €53,860 | +€52,000 | +2,796% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €53,860 | +€52,000 | +2,796% |
| Profit (loss) carried forward | 14 | €370,305 | €370,751 | +€446 | +0.1% |
| Amounts payable | 17/49 | €197,936 | €162,437 | -€35,499 | -17.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €197,936 | €162,437 | -€35,499 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €5,509 | €4,770 | -€739 | -13.4% |
| Financial debts | 43 | €16,375 | €15,020 | -€1,355 | -8.3% |
| Credit institutions | 430/8 | €16,375 | €15,020 | -€1,355 | -8.3% |
| Trade debts | 44 | €147,773 | €110,750 | -€37,023 | -25.1% |
| Suppliers | 440/4 | €147,773 | €110,750 | -€37,023 | -25.1% |
| Taxes, remuneration and social security | 45 | €28,279 | €31,897 | +€3,618 | +12.8% |
| Taxes | 450/3 | €6,495 | €10,790 | +€4,295 | +66.1% |
| Remuneration and social security | 454/9 | €21,784 | €21,107 | -€677 | -3.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €291,204 | €283,236 | -€7,968 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,769 | €2,246 | +€477 | +27.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€14,370 | €0 | +€14,370 | |
| Other operating charges | 640/8 | €17,390 | €3,139 | -€14,251 | -82.0% |
| Gross operating margin | 9900 | €467,192 | €375,341 | -€91,850 | -19.7% |
| Operating profit (loss) | 9901 | €171,198 | €86,720 | -€84,478 | -49.3% |
| Financial income | 75/76B | €94 | €4 | -€90 | -95.9% |
| Recurring financial income | 75 | €94 | €4 | -€90 | -95.9% |
| Financial charges | 65/66B | €11,067 | €12,247 | +€1,180 | +10.7% |
| Recurring financial charges | 65 | €11,067 | €12,247 | +€1,180 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €160,225 | €74,476 | -€85,748 | -53.5% |
| Income taxes | 67/77 | €37,495 | €22,031 | -€15,464 | -41.2% |
| Profit (loss) for the period | 9904 | €122,729 | €52,446 | -€70,284 | -57.3% |
| Profit (loss) for the period to be appropriated | 9905 | €122,729 | €52,446 | -€70,284 | -57.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.