LGD Delepinne: what changed
What changed
LGD Delepinne
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
-€121,062
2024 · -€49,078-€71,983
Equity
-€166,243
2024 · -€45,181-€121,062
Cash
€12
2024 · €115-€103
Balance sheet total
€428,015
2024 · €490,554-€62,539
Largest movements
Assets
- Tangible fixed assets -€27,160
down €27,160 (-7.1%), from €383,505 to €356,345
of which Land and buildings: -€20,439
- Stocks and contracts -€24,696
down €24,696 (-40.2%), from €61,470 to €36,775
of which Stocks: -€17,446
- Receivables within one year -€7,335
down €7,335 (-19.5%), from €37,697 to €30,361
of which Trade receivables: -€8,126
Equity and liabilities
- Profit (loss) carried forward -€121,062
down €121,062 (-104%), from -€116,832 to -€237,894
- Other debts +€49,929
up €49,929 (+40.8%), from €122,370 to €172,298
- Tax, wage and social debts +€37,630
up €37,630 (+55.9%), from €67,359 to €104,989
of which Remuneration and social security: +€40,735
- Debts after one year -€19,695
down €19,695 (-13.0%), from €151,035 to €131,339
of which Financial debts: -€19,695
- Short-term financial debts +€12,026
up €12,026 (+17.0%), from €70,853 to €82,878
Income statement
- Gross operating margin -€117,132
down €117,132 (-50.3%), from €232,884 to €115,751
- Write-downs -€31,276
down €31,276 (-100%), from €31,276 to €0
- Staff costs -€13,900
down €13,900 (-7.7%), from €180,880 to €166,979
- Other operating charges +€12,712
up €12,712 (+201%), from €6,313 to €19,025
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€49,078
Gross operating margin
-€117,132
Staff costs
+€13,900
Depreciation
+€1,333
Write-downs
+€31,276
Other operating charges
-€12,712
Other operating items
+€8,451
Financial income
+€504
Financial charges
+€2,121
Taxes
+€276
Result 2025
-€121,062
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€17,908
Investment
€0
Financing
-€18,010
Cash 2024
€115
From operations (derived)
+€17,908
Net result for the year
-€121,062
Depreciation
+€27,160
Stocks and contracts
+€24,696
Receivables within one year
+€7,335
Deferred charges and accrued income
+€3,246
Trade debts
-€11,025
Tax, wage and social debts
+€37,630
Other debts
+€49,929
Financing
-€18,010
Debts after one year
-€19,695
Current portion of long-term debt
-€10,341
Short-term financial debts
+€12,026
Cash 2025
€12
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,554 | €428,015 | -€62,539 | -12.7% |
| Fixed assets | 21/28 | €384,521 | €357,361 | -€27,160 | -7.1% |
| Tangible fixed assets | 22/27 | €383,505 | €356,345 | -€27,160 | -7.1% |
| Land and buildings | 22 | €372,271 | €351,832 | -€20,439 | -5.5% |
| Plant, machinery and equipment | 23 | €3,831 | €3,193 | -€638 | -16.7% |
| Furniture and vehicles | 24 | €7,403 | €1,321 | -€6,082 | -82.2% |
| Financial fixed assets | 28 | €1,016 | €1,016 | = | 0.0% |
| Current assets | 29/58 | €106,033 | €70,654 | -€35,379 | -33.4% |
| Stocks and contracts in progress | 3 | €61,470 | €36,775 | -€24,696 | -40.2% |
| Stocks | 30/36 | €54,220 | €36,775 | -€17,446 | -32.2% |
| Contracts in progress | 37 | €7,250 | €0 | -€7,250 | -100% |
| Amounts receivable within one year | 40/41 | €37,697 | €30,361 | -€7,335 | -19.5% |
| Trade receivables | 40 | €36,325 | €28,199 | -€8,126 | -22.4% |
| Other amounts receivable | 41 | €1,372 | €2,162 | +€791 | +57.6% |
| Cash at bank and in hand | 54/58 | €115 | €12 | -€103 | -89.3% |
| Deferred charges and accrued income | 490/1 | €6,751 | €3,505 | -€3,246 | -48.1% |
| Total equity and liabilities | 10/49 | €490,554 | €428,015 | -€62,539 | -12.7% |
| Equity | 10/15 | -€45,181 | -€166,243 | -€121,062 | -268% |
| Contributions | 10/11 | €70,987 | €70,987 | = | 0.0% |
| Capital | 10 | €70,987 | €70,987 | = | 0.0% |
| Issued capital | 100 | €70,987 | €70,987 | = | 0.0% |
| Reserves | 13 | €664 | €664 | = | 0.0% |
| Non-distributable reserves | 130/1 | €664 | €664 | = | 0.0% |
| Legal reserve | 130 | €664 | €664 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,832 | -€237,894 | -€121,062 | -104% |
| Amounts payable | 17/49 | €535,735 | €594,258 | +€58,523 | +10.9% |
| Amounts payable after more than one year | 17 | €151,035 | €131,339 | -€19,695 | -13.0% |
| Financial debts | 170/4 | €131,035 | €111,339 | -€19,695 | -15.0% |
| Other amounts payable | 178/9 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €384,700 | €462,919 | +€78,218 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €30,036 | €19,695 | -€10,341 | -34.4% |
| Financial debts | 43 | €70,853 | €82,878 | +€12,026 | +17.0% |
| Credit institutions | 430/8 | €70,853 | €82,878 | +€12,026 | +17.0% |
| Trade debts | 44 | €94,083 | €83,058 | -€11,025 | -11.7% |
| Suppliers | 440/4 | €94,083 | €83,058 | -€11,025 | -11.7% |
| Taxes, remuneration and social security | 45 | €67,359 | €104,989 | +€37,630 | +55.9% |
| Taxes | 450/3 | €9,506 | €6,401 | -€3,105 | -32.7% |
| Remuneration and social security | 454/9 | €57,853 | €98,588 | +€40,735 | +70.4% |
| Other amounts payable | 47/48 | €122,370 | €172,298 | +€49,929 | +40.8% |
| Remuneration, social security and pensions | 62 | €180,880 | €166,979 | -€13,900 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,492 | €27,160 | -€1,333 | -4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €31,276 | €0 | -€31,276 | -100% |
| Other operating charges | 640/8 | €6,313 | €19,025 | +€12,712 | +201% |
| Non-recurring operating charges | 66A | €8,451 | €0 | -€8,451 | -100% |
| Gross operating margin | 9900 | €232,884 | €115,751 | -€117,132 | -50.3% |
| Operating profit (loss) | 9901 | -€22,528 | -€97,413 | -€74,884 | -332% |
| Financial income | 75/76B | €15 | €519 | +€504 | +3,301% |
| Recurring financial income | 75 | €15 | €519 | +€504 | +3,301% |
| Financial charges | 65/66B | €26,289 | €24,168 | -€2,121 | -8.1% |
| Recurring financial charges | 65 | €26,289 | €24,168 | -€2,121 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€48,802 | -€121,062 | -€72,260 | -148% |
| Income taxes | 67/77 | €276 | €0 | -€276 | -100% |
| Profit (loss) for the period | 9904 | -€49,078 | -€121,062 | -€71,983 | -147% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,078 | -€121,062 | -€71,983 | -147% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.