LG Management: 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 Management
Largest movements
- Cash -€12,267
down €12,267 (-57.4%), from €21,371 to €9,104
mainly Investment in fixed assets (net) (-€23,010) and Debts after one year (-€16,108)
- Tangible fixed assets +€9,033
up €9,033 (+1.6%), from €565,480 to €574,513
of which Other tangible fixed assets: +€11,087
- Receivables within one year +€7,944
up €7,944 (+1,032%), from €770 to €8,714
of which Trade receivables: +€8,000
- Profit (loss) carried forward +€19,119
up €19,119 (+76.7%), from €24,933 to €44,052
- Debts after one year -€16,108
down €16,108 (-3.6%), from €448,521 to €432,413
- Gross operating margin +€68,298
up €68,298, from -€11,362 to €56,937
- Financial charges +€17,791
up €17,791 (+1,270%), from €1,401 to €19,193
- Other operating charges +€2,384
up €2,384 (+375%), from €636 to €3,021
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 | €592,008 | €595,232 | +€3,223 | +0.5% |
| Fixed assets | 21/28 | €569,867 | €577,413 | +€7,546 | +1.3% |
| Intangible fixed assets | 21 | €4,292 | €2,805 | -€1,487 | -34.6% |
| Tangible fixed assets | 22/27 | €565,480 | €574,513 | +€9,033 | +1.6% |
| Land and buildings | 22 | €559,261 | €548,880 | -€10,381 | -1.9% |
| Plant, machinery and equipment | 23 | - | €8,327 | +€8,327 | |
| Other tangible fixed assets | 26 | €6,219 | €17,306 | +€11,087 | +178% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €22,141 | €17,818 | -€4,323 | -19.5% |
| Amounts receivable within one year | 40/41 | €770 | €8,714 | +€7,944 | +1,032% |
| Trade receivables | 40 | €500 | €8,500 | +€8,000 | +1,600% |
| Other amounts receivable | 41 | €270 | €214 | -€56 | -20.6% |
| Cash at bank and in hand | 54/58 | €21,371 | €9,104 | -€12,267 | -57.4% |
| Total equity and liabilities | 10/49 | €592,008 | €595,232 | +€3,223 | +0.5% |
| Equity | 10/15 | €26,933 | €46,052 | +€19,119 | +71.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,933 | €44,052 | +€19,119 | +76.7% |
| Amounts payable | 17/49 | €565,075 | €549,179 | -€15,895 | -2.8% |
| Amounts payable after more than one year | 17 | €448,521 | €432,413 | -€16,108 | -3.6% |
| Financial debts | 170/4 | €448,521 | €432,413 | -€16,108 | -3.6% |
| Amounts payable within one year | 42/48 | €116,554 | €116,767 | +€213 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €15,479 | €16,108 | +€629 | +4.1% |
| Trade debts | 44 | €2,832 | €2,831 | -€1 | 0.0% |
| Suppliers | 440/4 | €2,832 | €2,831 | -€1 | 0.0% |
| Taxes, remuneration and social security | 45 | €15,520 | €11,834 | -€3,687 | -23.8% |
| Taxes | 450/3 | €15,520 | €11,834 | -€3,687 | -23.8% |
| Other amounts payable | 47/48 | €82,722 | €85,993 | +€3,271 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,642 | €15,464 | -€179 | -1.1% |
| Other operating charges | 640/8 | €636 | €3,021 | +€2,384 | +375% |
| Gross operating margin | 9900 | -€11,362 | €56,937 | +€68,298 | |
| Operating profit (loss) | 9901 | -€27,640 | €38,452 | +€66,092 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,401 | €19,193 | +€17,791 | +1,270% |
| Recurring financial charges | 65 | €1,401 | €19,193 | +€17,791 | +1,270% |
| Profit (loss) for the period before taxes | 9903 | -€29,040 | €19,260 | +€48,299 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€29,179 | €19,119 | +€48,298 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,179 | €19,119 | +€48,298 |
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 14 October 2026 via checked.be.