LG GLOBAL FORWARDING: 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 GLOBAL FORWARDING
Largest movements
- Tangible fixed assets +€234,460
up €234,460 (+14,022%), from €1,672 to €236,132
of which Land and buildings: +€224,933
- Cash +€137,987
up €137,987 (+55.8%), from €247,432 to €385,419
mainly Trade debts (+€358,101) and Debts after one year (+€188,841)
- Receivables within one year +€49,414
up €49,414 (+9.1%), from €541,453 to €590,867
of which Trade receivables: +€24,932
- Deferred charges and accrued income +€15,760
up €15,760 (+130%), from €12,135 to €27,894
- Trade debts +€358,101
up €358,101 (+192%), from €186,506 to €544,607
- Debts after one year +€188,841
up €188,841 (+1,327%), from €14,226 to €203,067
- Other debts -€144,633
down €144,633 (-57.6%), from €251,000 to €106,367
- Profit (loss) carried forward +€59,569
up €59,569 (+44.0%), from €135,368 to €194,937
- Reserves -€25,000
down €25,000 (-15.9%), from €157,000 to €132,000
- Gross operating margin -€72,133
down €72,133 (-17.8%), from €404,891 to €332,758
- Staff costs +€55,299
up €55,299 (+40.4%), from €136,918 to €192,217
- Taxes -€50,959
down €50,959 (-64.3%), from €79,299 to €28,340
- Write-downs +€40,631
up €40,631 (+96.7%), from -€42,031 to -€1,400
- Financial charges +€31,906
up €31,906 (+151%), from €21,073 to €52,979
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 | €802,692 | €1,240,312 | +€437,620 | +54.5% |
| Fixed assets | 21/28 | €1,672 | €236,132 | +€234,460 | +14,022% |
| Tangible fixed assets | 22/27 | €1,672 | €236,132 | +€234,460 | +14,022% |
| Land and buildings | 22 | - | €224,933 | +€224,933 | |
| Plant, machinery and equipment | 23 | €1,672 | €1,305 | -€367 | -21.9% |
| Furniture and vehicles | 24 | - | €9,894 | +€9,894 | |
| Current assets | 29/58 | €801,020 | €1,004,180 | +€203,160 | +25.4% |
| Amounts receivable within one year | 40/41 | €541,453 | €590,867 | +€49,414 | +9.1% |
| Trade receivables | 40 | €527,418 | €552,350 | +€24,932 | +4.7% |
| Other amounts receivable | 41 | €14,035 | €38,517 | +€24,481 | +174% |
| Cash at bank and in hand | 54/58 | €247,432 | €385,419 | +€137,987 | +55.8% |
| Deferred charges and accrued income | 490/1 | €12,135 | €27,894 | +€15,760 | +130% |
| Total equity and liabilities | 10/49 | €802,692 | €1,240,312 | +€437,620 | +54.5% |
| Equity | 10/15 | €310,968 | €345,537 | +€34,569 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,000 | €132,000 | -€25,000 | -15.9% |
| Distributable reserves | 133 | €157,000 | €132,000 | -€25,000 | -15.9% |
| Profit (loss) carried forward | 14 | €135,368 | €194,937 | +€59,569 | +44.0% |
| Amounts payable | 17/49 | €491,725 | €894,775 | +€403,051 | +82.0% |
| Amounts payable after more than one year | 17 | €14,226 | €203,067 | +€188,841 | +1,327% |
| Financial debts | 170/4 | €14,226 | €203,067 | +€188,841 | +1,327% |
| Amounts payable within one year | 42/48 | €477,499 | €691,709 | +€214,210 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €3,216 | €13,659 | +€10,443 | +325% |
| Trade debts | 44 | €186,506 | €544,607 | +€358,101 | +192% |
| Suppliers | 440/4 | €186,506 | €544,607 | +€358,101 | +192% |
| Taxes, remuneration and social security | 45 | €36,776 | €27,075 | -€9,701 | -26.4% |
| Taxes | 450/3 | €18,818 | €2,924 | -€15,894 | -84.5% |
| Remuneration and social security | 454/9 | €17,959 | €24,151 | +€6,193 | +34.5% |
| Other amounts payable | 47/48 | €251,000 | €106,367 | -€144,633 | -57.6% |
| Remuneration, social security and pensions | 62 | €136,918 | €192,217 | +€55,299 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162 | €540 | +€378 | +233% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€42,031 | -€1,400 | +€40,631 | +96.7% |
| Other operating charges | 640/8 | €13,364 | €30,517 | +€17,153 | +128% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €404,891 | €332,758 | -€72,133 | -17.8% |
| Operating profit (loss) | 9901 | €296,478 | €110,883 | -€185,595 | -62.6% |
| Financial income | 75/76B | €17,885 | €30,005 | +€12,120 | +67.8% |
| Recurring financial income | 75 | €17,885 | €30,005 | +€12,120 | +67.8% |
| Financial charges | 65/66B | €21,073 | €52,979 | +€31,906 | +151% |
| Recurring financial charges | 65 | €21,073 | €52,979 | +€31,906 | +151% |
| Profit (loss) for the period before taxes | 9903 | €293,289 | €87,909 | -€205,380 | -70.0% |
| Income taxes | 67/77 | €79,299 | €28,340 | -€50,959 | -64.3% |
| Profit (loss) for the period | 9904 | €213,990 | €59,569 | -€154,421 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €213,990 | €59,569 | -€154,421 | -72.2% |
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 21 October 2026 via checked.be.