LG-ELEK: 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-ELEK
Largest movements
- Cash +€48,944
up €48,944 (+72.7%), from €67,305 to €116,249
mainly Net result for the year (+€56,542) and Trade debts (+€50,625)
- Stocks and contracts -€46,953
down €46,953 (-20.7%), from €226,953 to €180,000
of which Stocks: -€25,000
- Receivables within one year +€34,410
up €34,410 (+33.1%), from €103,952 to €138,362
of which Trade receivables: +€36,914
- Debts after one year -€70,838
down €70,838 (-47.7%), from €148,582 to €77,744
of which Financial debts: -€60,838
- Reserves +€54,500
up €54,500 (+24.7%), from €221,000 to €275,500
- Trade debts +€50,625
up €50,625 (+127%), from €39,896 to €90,520
- Current portion of long-term debt +€24,146
up €24,146 (+47.1%), from €51,275 to €75,421
- Other debts -€19,720
down €19,720 (-84.9%), from €23,223 to €3,503
- Gross operating margin +€52,914
up €52,914 (+61.0%), from €86,684 to €139,598
- Staff costs +€11,899
up €11,899 (+107%), from €11,124 to €23,022
- Depreciation +€11,624
up €11,624 (+45.2%), from €25,742 to €37,366
- Taxes +€5,739
up €5,739 (+70.4%), from €8,153 to €13,893
- Financial charges +€2,422
up €2,422 (+51.0%), from €4,744 to €7,166
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 | €498,261 | €535,000 | +€36,739 | +7.4% |
| Fixed assets | 21/28 | €96,751 | €98,108 | +€1,358 | +1.4% |
| Intangible fixed assets | 21 | €2,445 | €945 | -€1,500 | -61.3% |
| Tangible fixed assets | 22/27 | €94,306 | €97,163 | +€2,858 | +3.0% |
| Plant, machinery and equipment | 23 | €22,318 | €55,250 | +€32,932 | +148% |
| Furniture and vehicles | 24 | €9,455 | €5,004 | -€4,451 | -47.1% |
| Leasing and similar rights | 25 | €17,361 | €0 | -€17,361 | -100% |
| Other tangible fixed assets | 26 | €45,171 | €36,909 | -€8,262 | -18.3% |
| Current assets | 29/58 | €401,510 | €436,892 | +€35,381 | +8.8% |
| Stocks and contracts in progress | 3 | €226,953 | €180,000 | -€46,953 | -20.7% |
| Stocks | 30/36 | €160,000 | €135,000 | -€25,000 | -15.6% |
| Contracts in progress | 37 | €66,953 | €45,000 | -€21,953 | -32.8% |
| Amounts receivable within one year | 40/41 | €103,952 | €138,362 | +€34,410 | +33.1% |
| Trade receivables | 40 | €65,140 | €102,054 | +€36,914 | +56.7% |
| Other amounts receivable | 41 | €38,811 | €36,307 | -€2,504 | -6.5% |
| Cash at bank and in hand | 54/58 | €67,305 | €116,249 | +€48,944 | +72.7% |
| Deferred charges and accrued income | 490/1 | €3,301 | €2,281 | -€1,020 | -30.9% |
| Total equity and liabilities | 10/49 | €498,261 | €535,000 | +€36,739 | +7.4% |
| Equity | 10/15 | €226,002 | €280,826 | +€54,824 | +24.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €221,000 | €275,500 | +€54,500 | +24.7% |
| Distributable reserves | 133 | €221,000 | €275,500 | +€54,500 | +24.7% |
| Profit (loss) carried forward | 14 | €2 | €326 | +€324 | +17,150% |
| Amounts payable | 17/49 | €272,259 | €254,174 | -€18,085 | -6.6% |
| Amounts payable after more than one year | 17 | €148,582 | €77,744 | -€70,838 | -47.7% |
| Financial debts | 170/4 | €98,582 | €37,744 | -€60,838 | -61.7% |
| Other amounts payable | 178/9 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Amounts payable within one year | 42/48 | €123,677 | €176,430 | +€52,753 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €51,275 | €75,421 | +€24,146 | +47.1% |
| Trade debts | 44 | €39,896 | €90,520 | +€50,625 | +127% |
| Suppliers | 440/4 | €39,896 | €90,520 | +€50,625 | +127% |
| Advances received on contracts in progress | 46 | - | €500 | +€500 | |
| Taxes, remuneration and social security | 45 | €9,284 | €6,485 | -€2,799 | -30.1% |
| Taxes | 450/3 | €7,350 | €4,800 | -€2,550 | -34.7% |
| Remuneration and social security | 454/9 | €1,934 | €1,685 | -€249 | -12.9% |
| Other amounts payable | 47/48 | €23,223 | €3,503 | -€19,720 | -84.9% |
| Remuneration, social security and pensions | 62 | €11,124 | €23,022 | +€11,899 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,742 | €37,366 | +€11,624 | +45.2% |
| Other operating charges | 640/8 | €1,410 | €1,381 | -€29 | -2.1% |
| Non-recurring operating charges | 66A | €150 | €412 | +€262 | +175% |
| Gross operating margin | 9900 | €86,684 | €139,598 | +€52,914 | +61.0% |
| Operating profit (loss) | 9901 | €48,259 | €77,417 | +€29,158 | +60.4% |
| Financial income | 75/76B | €246 | €183 | -€63 | -25.6% |
| Recurring financial income | 75 | €246 | €183 | -€63 | -25.6% |
| Financial charges | 65/66B | €4,744 | €7,166 | +€2,422 | +51.0% |
| Recurring financial charges | 65 | €4,744 | €7,166 | +€2,422 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €43,761 | €70,435 | +€26,673 | +61.0% |
| Income taxes | 67/77 | €8,153 | €13,893 | +€5,739 | +70.4% |
| Profit (loss) for the period | 9904 | €35,608 | €56,542 | +€20,934 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,608 | €56,542 | +€20,934 | +58.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.