LG ESTATE: what changed
What changed
LG ESTATE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€288,270
2024 · €227,264+€61,006
Equity
€4.4m
2024 · €4.1m+€288,270
Cash
€87,064
2024 · €347,429-€260,365
Balance sheet total
€5.4m
2024 · €5.0m+€359,098
Largest movements
Assets
- Receivables within one year +€2.3m
up €2.3m (+228%), from €998,418 to €3.3m
of which Other amounts receivable: +€2.3m
- Receivables after one year -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Cash -€260,365
down €260,365 (-74.9%), from €347,429 to €87,064
mainly Receivables within one year (-€2.3m) and Debts after one year (-€150,000)
- Tangible fixed assets -€134,571
down €134,571 (-6.2%), from €2.2m to €2.0m
of which Land and buildings: -€124,469
Equity and liabilities
- Profit (loss) carried forward +€373,982
up €373,982 (+16.8%), from €2.2m to €2.6m
- Short-term financial debts +€250,000
new in 2025: €250,000
- Debts after one year -€150,000
down €150,000 (-70.6%), from €212,500 to €62,500
- Reserves -€85,713
down €85,713 (-5.6%), from €1.5m to €1.4m
of which Tax-exempt reserves: -€85,713
Income statement
- Gross operating margin +€46,278
up €46,278 (+9.9%), from €468,405 to €514,683
- Other operating charges -€26,733
down €26,733 (-88.1%), from €30,360 to €3,627
- Taxes +€22,315
up €22,315 (+21.4%), from €104,508 to €126,822
- Financial income +€5,182
up €5,182 (+16.5%), from €31,373 to €36,555
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
€227,264
Gross operating margin
+€46,278
Depreciation
+€1,305
Other operating charges
+€26,733
Financial income
+€5,182
Financial charges
+€3,823
Taxes
-€22,315
Result 2025
€288,270
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
-€337,642
Investment
-€22,723
Financing
+€100,000
Cash 2024
€347,429
From operations (derived)
-€337,642
Net result for the year
+€288,270
Depreciation
+€157,294
Receivables after one year
+€1.5m
Receivables within one year
-€2.3m
Smaller working-capital items
-€4,739
Provisions
-€29,910
Tax, wage and social debts
+€46,822
Other debts
-€16,845
Accrued charges and deferred income
-€29,282
Investment (derived)
-€22,723
Investment in fixed assets (net)
-€22,723
Financing
+€100,000
Debts after one year
-€150,000
Short-term financial debts
+€250,000
Cash 2025
€87,064
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,037,479 | €5,396,577 | +€359,098 | +7.1% |
| Fixed assets | 21/28 | €2,161,631 | €2,027,060 | -€134,571 | -6.2% |
| Tangible fixed assets | 22/27 | €2,161,393 | €2,026,822 | -€134,571 | -6.2% |
| Land and buildings | 22 | €2,125,488 | €2,001,018 | -€124,469 | -5.9% |
| Plant, machinery and equipment | 23 | €35,906 | €25,804 | -€10,102 | -28.1% |
| Financial fixed assets | 28 | €238 | €238 | = | 0.0% |
| Current assets | 29/58 | €2,875,848 | €3,369,517 | +€493,670 | +17.2% |
| Amounts receivable after more than one year | 29 | €1,530,000 | €0 | -€1.5m | -100% |
| Other amounts receivable | 291 | €1,530,000 | €0 | -€1.5m | -100% |
| Amounts receivable within one year | 40/41 | €998,418 | €3,277,671 | +€2.3m | +228% |
| Trade receivables | 40 | - | €9,415 | +€9,415 | |
| Other amounts receivable | 41 | €998,418 | €3,268,256 | +€2.3m | +227% |
| Cash at bank and in hand | 54/58 | €347,429 | €87,064 | -€260,365 | -74.9% |
| Deferred charges and accrued income | 490/1 | - | €4,783 | +€4,783 | |
| Total equity and liabilities | 10/49 | €5,037,479 | €5,396,577 | +€359,098 | +7.1% |
| Equity | 10/15 | €4,128,452 | €4,416,721 | +€288,270 | +7.0% |
| Contributions | 10/11 | €365,000 | €365,000 | = | 0.0% |
| Capital | 10 | €365,000 | €365,000 | = | 0.0% |
| Issued capital | 100 | €365,000 | €365,000 | = | 0.0% |
| Reserves | 13 | €1,534,120 | €1,448,407 | -€85,713 | -5.6% |
| Non-distributable reserves | 130/1 | €36,500 | €36,500 | = | 0.0% |
| Legal reserve | 130 | €36,500 | €36,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,482,620 | €1,396,907 | -€85,713 | -5.8% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,229,332 | €2,603,314 | +€373,982 | +16.8% |
| Provisions and deferred taxes | 16 | €447,576 | €417,666 | -€29,910 | -6.7% |
| Deferred taxes | 168 | €447,576 | €417,666 | -€29,910 | -6.7% |
| Amounts payable | 17/49 | €461,451 | €562,190 | +€100,739 | +21.8% |
| Amounts payable after more than one year | 17 | €212,500 | €62,500 | -€150,000 | -70.6% |
| Financial debts | 170/4 | €212,500 | €62,500 | -€150,000 | -70.6% |
| Amounts payable within one year | 42/48 | €219,670 | €499,690 | +€280,020 | +127% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €12,403 | €12,447 | +€43 | +0.3% |
| Suppliers | 440/4 | €12,403 | €12,447 | +€43 | +0.3% |
| Taxes, remuneration and social security | 45 | - | €46,822 | +€46,822 | |
| Taxes | 450/3 | - | €46,822 | +€46,822 | |
| Other amounts payable | 47/48 | €57,266 | €40,421 | -€16,845 | -29.4% |
| Accrued charges and deferred income | 492/3 | €29,282 | €0 | -€29,282 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,599 | €157,294 | -€1,305 | -0.8% |
| Other operating charges | 640/8 | €30,360 | €3,627 | -€26,733 | -88.1% |
| Gross operating margin | 9900 | €468,405 | €514,683 | +€46,278 | +9.9% |
| Operating profit (loss) | 9901 | €279,446 | €353,762 | +€74,316 | +26.6% |
| Financial income | 75/76B | €31,373 | €36,555 | +€5,182 | +16.5% |
| Recurring financial income | 75 | €31,373 | €36,555 | +€5,182 | +16.5% |
| Financial charges | 65/66B | €8,957 | €5,134 | -€3,823 | -42.7% |
| Recurring financial charges | 65 | €8,957 | €5,134 | -€3,823 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €301,862 | €385,182 | +€83,320 | +27.6% |
| Transfer from deferred taxes | 780 | €29,910 | €29,910 | = | 0.0% |
| Income taxes | 67/77 | €104,508 | €126,822 | +€22,315 | +21.4% |
| Profit (loss) for the period | 9904 | €227,264 | €288,270 | +€61,006 | +26.8% |
| Transfer from tax-exempt reserves | 789 | €85,713 | €85,713 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €312,977 | €373,982 | +€61,006 | +19.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.