LG ENGINEERING: what changed
Two fiscal 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 ENGINEERING
Largest movements
- Cash +€27,537
up €27,537 (+338.3%), from €8,140 to €35,677
mainly Net result for the year (+€38,016) and Receivables within one year (+€21,633)
- Receivables within one year -€21,633
down €21,633 (-45.0%), from €48,127 to €26,494
of which Trade receivables: -€21,633
- Other debts +€7,145
up €7,145 (+29.9%), from €23,871 to €31,016
- Tax, wage and social debts -€4,493
down €4,493 (-25.7%), from €17,517 to €13,024
of which Taxes: -€4,493
- Trade debts +€1,536
up €1,536 (+175.3%), from €876 to €2,412
- Gross operating margin +€11,003
up €11,003 (+28.5%), from €38,617 to €49,620
- Taxes +€2,282
up €2,282 (+28.1%), from €8,113 to €10,395
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,369 | €81,204 | +€4,835 | +6.3% |
| Fixed assets | 21/28 | €733 | €0 | -€733 | -100.0% |
| Tangible fixed assets | 22/27 | €733 | €0 | -€733 | -100.0% |
| Furniture and vehicles | 24 | €733 | €0 | -€733 | -100.0% |
| Current assets | 29/58 | €75,636 | €81,204 | +€5,568 | +7.4% |
| Amounts receivable after more than one year | 29 | €15,420 | €15,852 | +€432 | +2.8% |
| Other amounts receivable | 291 | €15,420 | €15,852 | +€432 | +2.8% |
| Amounts receivable within one year | 40/41 | €48,127 | €26,494 | -€21,633 | -45.0% |
| Trade receivables | 40 | €47,240 | €25,607 | -€21,633 | -45.8% |
| Other amounts receivable | 41 | €887 | €887 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,140 | €35,677 | +€27,537 | +338.3% |
| Deferred charges and accrued income | 490/1 | €3,949 | €3,181 | -€768 | -19.4% |
| Total equity and liabilities | 10/49 | €76,369 | €81,204 | +€4,835 | +6.3% |
| Equity | 10/15 | €34,104 | €34,104 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €31,604 | €31,604 | = | 0.0% |
| Distributable reserves | 133 | €31,604 | €31,604 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,265 | €47,100 | +€4,835 | +11.4% |
| Amounts payable within one year | 42/48 | €42,265 | €46,452 | +€4,187 | +9.9% |
| Trade debts | 44 | €876 | €2,412 | +€1,536 | +175.3% |
| Suppliers | 440/4 | €876 | €2,412 | +€1,536 | +175.3% |
| Taxes, remuneration and social security | 45 | €17,517 | €13,024 | -€4,493 | -25.7% |
| Taxes | 450/3 | €17,517 | €13,024 | -€4,493 | -25.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,871 | €31,016 | +€7,145 | +29.9% |
| Accrued charges and deferred income | 492/3 | - | €648 | +€648 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,183 | €733 | -€450 | -38.0% |
| Other operating charges | 640/8 | €759 | €860 | +€101 | +13.3% |
| Gross operating margin | 9900 | €38,617 | €49,620 | +€11,003 | +28.5% |
| Operating profit (loss) | 9901 | €36,675 | €48,027 | +€11,352 | +31.0% |
| Financial income | 75/76B | €432 | €444 | +€12 | +2.8% |
| Recurring financial income | 75 | €432 | €444 | +€12 | +2.8% |
| Financial charges | 65/66B | €123 | €60 | -€63 | -51.0% |
| Recurring financial charges | 65 | €123 | €60 | -€63 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €36,984 | €48,411 | +€11,427 | +30.9% |
| Income taxes | 67/77 | €8,113 | €10,395 | +€2,282 | +28.1% |
| Profit (loss) for the period | 9904 | €28,871 | €38,016 | +€9,145 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,871 | €38,016 | +€9,145 | +31.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.