LG Projects: 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 Projects
Largest movements
- Cash -€17,405
down €17,405 (-28.6%), from €60,849 to €43,444
mainly Net result for the year (-€23,854) and Trade debts (-€280)
- Receivables within one year -€6,865
down €6,865 (-91.2%), from €7,526 to €660
- Profit (loss) carried forward -€23,854
down €23,854 (-61.7%), from -€38,653 to -€62,506
- Gross operating margin -€20,267
down €20,267, from €973 to -€19,294
- Taxes -€1,050
down €1,050 (-86.8%), from €1,209 to €159
- Depreciation -€221
no longer reported in 2025 (was €221)
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.
Cash bridge derived
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 | €68,374 | €44,104 | -€24,270 | -35.5% |
| Current assets | 29/58 | €68,374 | €44,104 | -€24,270 | -35.5% |
| Amounts receivable within one year | 40/41 | €7,526 | €660 | -€6,865 | -91.2% |
| Other amounts receivable | 41 | €7,526 | €660 | -€6,865 | -91.2% |
| Cash at bank and in hand | 54/58 | €60,849 | €43,444 | -€17,405 | -28.6% |
| Total equity and liabilities | 10/49 | €68,374 | €44,104 | -€24,270 | -35.5% |
| Equity | 10/15 | -€32,453 | -€56,306 | -€23,854 | -73.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,653 | -€62,506 | -€23,854 | -61.7% |
| Amounts payable | 17/49 | €100,827 | €100,410 | -€417 | -0.4% |
| Amounts payable within one year | 42/48 | €100,827 | €100,410 | -€417 | -0.4% |
| Trade debts | 44 | €280 | - | -€280 | |
| Suppliers | 440/4 | €280 | - | -€280 | |
| Taxes, remuneration and social security | 45 | €371 | €492 | +€120 | +32.4% |
| Taxes | 450/3 | €371 | €492 | +€120 | +32.4% |
| Other amounts payable | 47/48 | €100,176 | €99,919 | -€257 | -0.3% |
| Non-recurring operating income | 76A | €880 | - | -€880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221 | - | -€221 | |
| Other operating charges | 640/8 | €563 | €579 | +€16 | +2.8% |
| Gross operating margin | 9900 | €973 | -€19,294 | -€20,267 | |
| Operating profit (loss) | 9901 | €189 | -€19,873 | -€20,062 | |
| Financial charges | 65/66B | €3,819 | €3,822 | +€2 | +0.1% |
| Recurring financial charges | 65 | €3,819 | €3,822 | +€2 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,630 | -€23,694 | -€20,064 | -552.7% |
| Income taxes | 67/77 | €1,209 | €159 | -€1,050 | -86.8% |
| Profit (loss) for the period | 9904 | -€4,840 | -€23,854 | -€19,014 | -392.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,840 | -€23,854 | -€19,014 | -392.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.