LG FINANCES: 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 FINANCES
Largest movements
- Financial fixed assets +€251,420
new in 2025: €251,420
- Cash -€115,077
down €115,077 (-45.6%), from €252,482 to €137,405
mainly Investment in fixed assets (net) (-€253,274) and Debts after one year (-€19,941)
- Receivables within one year -€20,000
down €20,000 (-49.8%), from €40,175 to €20,175
of which Trade receivables: -€20,000
- Tangible fixed assets -€18,899
down €18,899 (-5.5%), from €345,487 to €326,588
of which Land and buildings: -€13,340
- Profit (loss) carried forward +€117,342
up €117,342 (+126%), from €93,091 to €210,433
- Debts after one year -€19,941
down €19,941 (-4.0%), from €497,241 to €477,300
- Other debts -€10,381
down €10,381 (-71.8%), from €14,453 to €4,072
- Trade debts +€8,436
up €8,436 (+35,150%), from €24 to €8,460
- Accrued charges and deferred income -€8,108
down €8,108 (-95.3%), from €8,508 to €400
- Financial income +€34,666
new in 2025: €34,666
- Gross operating margin +€25,873
up €25,873 (+21.3%), from €121,572 to €147,445
- Financial charges +€9,590
up €9,590 (+190%), from €5,048 to €14,638
- Taxes +€4,012
up €4,012 (+22.5%), from €17,825 to €21,837
- Other operating charges -€1,610
down €1,610 (-17.6%), from €9,151 to €7,541
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 | €647,893 | €743,107 | +€95,214 | +14.7% |
| Fixed assets | 21/28 | €345,487 | €578,008 | +€232,521 | +67.3% |
| Tangible fixed assets | 22/27 | €345,487 | €326,588 | -€18,899 | -5.5% |
| Land and buildings | 22 | €290,154 | €276,814 | -€13,340 | -4.6% |
| Plant, machinery and equipment | 23 | €55,333 | €49,774 | -€5,559 | -10.0% |
| Financial fixed assets | 28 | - | €251,420 | +€251,420 | |
| Current assets | 29/58 | €302,406 | €165,099 | -€137,307 | -45.4% |
| Amounts receivable within one year | 40/41 | €40,175 | €20,175 | -€20,000 | -49.8% |
| Trade receivables | 40 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Other amounts receivable | 41 | €175 | €175 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €252,482 | €137,405 | -€115,077 | -45.6% |
| Deferred charges and accrued income | 490/1 | €9,749 | €7,519 | -€2,230 | -22.9% |
| Total equity and liabilities | 10/49 | €647,893 | €743,107 | +€95,214 | +14.7% |
| Equity | 10/15 | €98,091 | €215,433 | +€117,342 | +120% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,091 | €210,433 | +€117,342 | +126% |
| Amounts payable | 17/49 | €549,802 | €527,674 | -€22,128 | -4.0% |
| Amounts payable after more than one year | 17 | €497,241 | €477,300 | -€19,941 | -4.0% |
| Financial debts | 170/4 | €497,241 | €477,300 | -€19,941 | -4.0% |
| Amounts payable within one year | 42/48 | €44,053 | €49,974 | +€5,921 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €19,691 | €26,682 | +€6,991 | +35.5% |
| Trade debts | 44 | €24 | €8,460 | +€8,436 | +35,150% |
| Suppliers | 440/4 | €24 | €8,460 | +€8,436 | +35,150% |
| Taxes, remuneration and social security | 45 | €9,885 | €10,760 | +€875 | +8.9% |
| Taxes | 450/3 | €4,885 | €10,760 | +€5,875 | +120% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €14,453 | €4,072 | -€10,381 | -71.8% |
| Accrued charges and deferred income | 492/3 | €8,508 | €400 | -€8,108 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,690 | €20,753 | +€63 | +0.3% |
| Other operating charges | 640/8 | €9,151 | €7,541 | -€1,610 | -17.6% |
| Gross operating margin | 9900 | €121,572 | €147,445 | +€25,873 | +21.3% |
| Operating profit (loss) | 9901 | €91,731 | €119,151 | +€27,420 | +29.9% |
| Financial income | 75/76B | - | €34,666 | +€34,666 | |
| Recurring financial income | 75 | - | €34,666 | +€34,666 | |
| Financial charges | 65/66B | €5,048 | €14,638 | +€9,590 | +190% |
| Recurring financial charges | 65 | €5,048 | €14,638 | +€9,590 | +190% |
| Profit (loss) for the period before taxes | 9903 | €86,683 | €139,179 | +€52,496 | +60.6% |
| Income taxes | 67/77 | €17,825 | €21,837 | +€4,012 | +22.5% |
| Profit (loss) for the period | 9904 | €68,858 | €117,342 | +€48,484 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,858 | €117,342 | +€48,484 | +70.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.