LGG AIRLINE SERVICES: what changed
LGG AIRLINE SERVICES
Largest movements
- Tangible fixed assets +€114,832
up €114,832 (+74.9%), from €153,305 to €268,138
- Receivables within one year -€49,942
down €49,942 (-46.9%), from €106,490 to €56,548
of which Trade receivables: -€34,765
- Cash +€5,616
up €5,616 (+25.0%), from €22,491 to €28,107
mainly Depreciation (+€81,289) and Current portion of long-term debt (+€62,941)
- Other debts -€80,000
down €80,000 (-100%), from €80,000 to €0
- Current portion of long-term debt +€62,941
up €62,941 (+316%), from €19,925 to €82,866
- Debts after one year +€47,818
up €47,818 (+71.8%), from €66,626 to €114,443
of which Financial debts: +€47,818
- Profit (loss) carried forward +€31,005
up €31,005 (+40.3%), from €76,890 to €107,895
- Accrued charges and deferred income +€4,900
new in 2025: €4,900
- Gross operating margin +€23,969
up €23,969 (+21.0%), from €113,974 to €137,943
- Depreciation +€22,515
up €22,515 (+38.3%), from €58,774 to €81,289
- Other operating charges +€2,817
up €2,817 (+33.4%), from €8,421 to €11,238
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €282,286 | €352,793 | +€70,506 | +25.0% |
| Fixed assets | 21/28 | €153,305 | €268,138 | +€114,832 | +74.9% |
| Tangible fixed assets | 22/27 | €153,305 | €268,138 | +€114,832 | +74.9% |
| Furniture and vehicles | 24 | €153,305 | €268,138 | +€114,832 | +74.9% |
| Current assets | 29/58 | €128,981 | €84,655 | -€44,326 | -34.4% |
| Amounts receivable within one year | 40/41 | €106,490 | €56,548 | -€49,942 | -46.9% |
| Trade receivables | 40 | €85,146 | €50,381 | -€34,765 | -40.8% |
| Other amounts receivable | 41 | €21,344 | €6,166 | -€15,177 | -71.1% |
| Cash at bank and in hand | 54/58 | €22,491 | €28,107 | +€5,616 | +25.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €282,286 | €352,793 | +€70,506 | +25.0% |
| Equity | 10/15 | €85,126 | €116,131 | +€31,005 | +36.4% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,736 | €1,736 | = | 0.0% |
| Distributable reserves | 133 | €1,736 | €1,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,890 | €107,895 | +€31,005 | +40.3% |
| Amounts payable | 17/49 | €197,160 | €236,661 | +€39,501 | +20.0% |
| Amounts payable after more than one year | 17 | €66,626 | €114,443 | +€47,818 | +71.8% |
| Financial debts | 170/4 | €6,626 | €54,443 | +€47,818 | +722% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €130,535 | €117,318 | -€13,216 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €19,925 | €82,866 | +€62,941 | +316% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €29,648 | €34,117 | +€4,469 | +15.1% |
| Suppliers | 440/4 | €29,648 | €34,117 | +€4,469 | +15.1% |
| Taxes, remuneration and social security | 45 | €962 | €335 | -€627 | -65.2% |
| Taxes | 450/3 | €962 | €335 | -€627 | -65.2% |
| Other amounts payable | 47/48 | €80,000 | €0 | -€80,000 | -100% |
| Accrued charges and deferred income | 492/3 | - | €4,900 | +€4,900 | |
| Non-recurring operating income | 76A | €13,355 | €0 | -€13,355 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,774 | €81,289 | +€22,515 | +38.3% |
| Other operating charges | 640/8 | €8,421 | €11,238 | +€2,817 | +33.4% |
| Gross operating margin | 9900 | €113,974 | €137,943 | +€23,969 | +21.0% |
| Operating profit (loss) | 9901 | €46,779 | €45,416 | -€1,363 | -2.9% |
| Financial income | 75/76B | €0 | €24 | +€24 | +238,800% |
| Recurring financial income | 75 | €0 | €24 | +€24 | +238,800% |
| Financial charges | 65/66B | €2,931 | €4,100 | +€1,168 | +39.8% |
| Recurring financial charges | 65 | €2,931 | €4,100 | +€1,168 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €43,847 | €41,340 | -€2,507 | -5.7% |
| Income taxes | 67/77 | €11,021 | €10,335 | -€686 | -6.2% |
| Profit (loss) for the period | 9904 | €32,826 | €31,005 | -€1,820 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,826 | €31,005 | -€1,820 | -5.5% |
Next steps
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 2 November 2026 via checked.be.