LG.LEA: 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.LEA
Largest movements
- Receivables after one year -€71,800
down €71,800 (-47.9%), from €150,000 to €78,200
- Tangible fixed assets +€48,254
up €48,254 (+8.9%), from €539,965 to €588,219
of which Plant, machinery and equipment: +€59,851
- Receivables within one year -€23,966
down €23,966 (-55.2%), from €43,451 to €19,485
of which Trade receivables: -€12,138
- Cash -€14,736
down €14,736 (-34.4%), from €42,880 to €28,144
mainly Investment in fixed assets (net) (-€98,900) and Trade debts (-€81,905)
- Trade debts -€81,905
down €81,905 (-37.7%), from €217,413 to €135,508
- Tax, wage and social debts -€35,273
down €35,273 (-49.3%), from €71,492 to €36,219
of which Taxes: -€34,988
- Debts after one year +€28,615
up €28,615 (+8.4%), from €340,393 to €369,008
- Profit (loss) carried forward +€15,226
up €15,226 (+19.5%), from €77,965 to €93,191
- Other operating charges -€31,275
down €31,275 (-59.4%), from €52,608 to €21,333
- Depreciation +€12,007
up €12,007 (+31.1%), from €38,638 to €50,645
- Gross operating margin +€10,838
up €10,838 (+2.5%), from €437,550 to €448,388
- Financial charges +€5,869
up €5,869 (+25.8%), from €22,769 to €28,639
- Taxes +€4,970
up €4,970 (+126%), from €3,929 to €8,900
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 | €796,336 | €729,709 | -€66,627 | -8.4% |
| Fixed assets | 21/28 | €547,056 | €595,311 | +€48,254 | +8.8% |
| Tangible fixed assets | 22/27 | €539,965 | €588,219 | +€48,254 | +8.9% |
| Land and buildings | 22 | €423,716 | €428,692 | +€4,976 | +1.2% |
| Plant, machinery and equipment | 23 | €57,175 | €117,025 | +€59,851 | +105% |
| Furniture and vehicles | 24 | €55,050 | €39,282 | -€15,768 | -28.6% |
| Other tangible fixed assets | 26 | €4,025 | €3,220 | -€805 | -20.0% |
| Financial fixed assets | 28 | €7,091 | €7,091 | = | 0.0% |
| Current assets | 29/58 | €249,279 | €134,398 | -€114,881 | -46.1% |
| Amounts receivable after more than one year | 29 | €150,000 | €78,200 | -€71,800 | -47.9% |
| Other amounts receivable | 291 | €150,000 | €78,200 | -€71,800 | -47.9% |
| Stocks and contracts in progress | 3 | €9,634 | €6,988 | -€2,646 | -27.5% |
| Stocks | 30/36 | €9,634 | €6,988 | -€2,646 | -27.5% |
| Amounts receivable within one year | 40/41 | €43,451 | €19,485 | -€23,966 | -55.2% |
| Trade receivables | 40 | €23,152 | €11,014 | -€12,138 | -52.4% |
| Other amounts receivable | 41 | €20,299 | €8,471 | -€11,828 | -58.3% |
| Cash at bank and in hand | 54/58 | €42,880 | €28,144 | -€14,736 | -34.4% |
| Deferred charges and accrued income | 490/1 | €3,314 | €1,581 | -€1,734 | -52.3% |
| Total equity and liabilities | 10/49 | €796,336 | €729,709 | -€66,627 | -8.4% |
| Equity | 10/15 | €111,745 | €126,971 | +€15,226 | +13.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €13,320 | €13,320 | = | 0.0% |
| Distributable reserves | 133 | €13,320 | €13,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,965 | €93,191 | +€15,226 | +19.5% |
| Amounts payable | 17/49 | €684,591 | €602,738 | -€81,853 | -12.0% |
| Amounts payable after more than one year | 17 | €340,393 | €369,008 | +€28,615 | +8.4% |
| Financial debts | 170/4 | €340,393 | €369,008 | +€28,615 | +8.4% |
| Amounts payable within one year | 42/48 | €344,198 | €233,730 | -€110,468 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €55,294 | €62,003 | +€6,710 | +12.1% |
| Trade debts | 44 | €217,413 | €135,508 | -€81,905 | -37.7% |
| Suppliers | 440/4 | €217,413 | €135,508 | -€81,905 | -37.7% |
| Taxes, remuneration and social security | 45 | €71,492 | €36,219 | -€35,273 | -49.3% |
| Taxes | 450/3 | €42,028 | €7,039 | -€34,988 | -83.3% |
| Remuneration and social security | 454/9 | €29,465 | €29,180 | -€284 | -1.0% |
| Remuneration, social security and pensions | 62 | €326,327 | €325,964 | -€362 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,638 | €50,645 | +€12,007 | +31.1% |
| Other operating charges | 640/8 | €52,608 | €21,333 | -€31,275 | -59.4% |
| Gross operating margin | 9900 | €437,550 | €448,388 | +€10,838 | +2.5% |
| Operating profit (loss) | 9901 | €19,977 | €50,446 | +€30,468 | +153% |
| Financial income | 75/76B | €2,271 | €2,318 | +€47 | +2.1% |
| Recurring financial income | 75 | €2,271 | €2,318 | +€47 | +2.1% |
| Financial charges | 65/66B | €22,769 | €28,639 | +€5,869 | +25.8% |
| Recurring financial charges | 65 | €22,769 | €28,639 | +€5,869 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | -€521 | €24,125 | +€24,646 | |
| Income taxes | 67/77 | €3,929 | €8,900 | +€4,970 | +126% |
| Profit (loss) for the period | 9904 | -€4,450 | €15,226 | +€19,676 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,450 | €15,226 | +€19,676 |
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 22 October 2026 via checked.be.