LGRI: 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.
What changed
LGRI
financial year 31-12-2021 compared with 31-12-2020filed annual accounts (NBB)
Net result for the year
€1.3m
31-12-2020 · €6.4m-€5.1m
Equity
-€4.6m
31-12-2020 · -€5.9m+€1.3m
Cash
€82,873
31-12-2020 · €3.0m-€3.0m
Balance sheet total
€39.0m
31-12-2020 · €35.1m+€3.9m
Largest movements
Assets
- Current assets +€4.2m
up €4.2m (+12.4%), from €33.9m to €38.1m
of which Receivables after one year: +€12.1m
Equity and liabilities
- Debts within one year +€2.6m
up €2.6m (+18.7%), from €13.9m to €16.5m
of which Other debts: +€4.4m
- Equity +€1.3m
up €1.3m (+22.0%), from -€5.9m to -€4.6m
of which Profit (loss) carried forward: +€1.3m
Income statement
- Goods and materials +€16.0m
new in 2021: €16.0m
- Turnover +€3.5m
up €3.5m (+22.7%), from €15.5m to €19.0m
- Services and other goods +€3.5m
new in 2021: €3.5m
- Other operating income +€2.3m
new in 2021: €2.3m
- Depreciation -€749,466
down €749,466 (-64.8%), from €1.2m to €407,021
From the 31-12-2020 result to the 31-12-2021 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.
Result 31-12-2020
€6.4m
Turnover
+€3.5m
Other operating income
+€2.3m
Goods and materials
-€16.0m
Services and other goods
-€3.5m
Depreciation
+€749,466
Other operating charges
-€1,240
Other operating items
+€14.1m
Financial income
+€375,077
Financial charges
-€605,226
Other financial items
-€6.1m
Result 31-12-2021
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 31-12-2020 | 31-12-2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,089,540 | €39,011,712 | +€3.9m | +11.2% |
| Fixed assets | 21/28 | €1,196,349 | €920,440 | -€275,909 | -23.1% |
| Intangible fixed assets | 21 | €704,216 | €428,307 | -€275,909 | -39.2% |
| Financial fixed assets | 28 | €492,132 | €492,132 | = | 0.0% |
| Affiliated companies | 280/1 | - | €491,742 | +€491,742 | |
| Participating interests | 280 | - | €491,742 | +€491,742 | |
| Amounts receivable | 281 | - | €0 | +€0 | |
| Other financial fixed assets | 284/8 | - | €390 | +€390 | |
| Amounts receivable and cash guarantees | 285/8 | - | €390 | +€390 | |
| Current assets | 29/58 | €33,893,192 | €38,091,272 | +€4.2m | +12.4% |
| Amounts receivable after more than one year | 29 | - | €12,095,571 | +€12.1m | |
| Trade receivables | 290 | - | €12,095,571 | +€12.1m | |
| Amounts receivable within one year | 40/41 | €18,292,385 | €25,912,829 | +€7.6m | +41.7% |
| Trade receivables | 40 | - | €25,169,754 | +€25.2m | |
| Other amounts receivable | 41 | - | €743,075 | +€743,075 | |
| Cash at bank and in hand | 54/58 | €3,048,006 | €82,873 | -€3.0m | -97.3% |
| Total equity and liabilities | 10/49 | €35,089,540 | €39,011,712 | +€3.9m | +11.2% |
| Equity | 10/15 | -€5,884,822 | -€4,588,959 | +€1.3m | +22.0% |
| Contributions | 10/11 | €14,793,480 | €14,793,480 | = | 0.0% |
| Capital | 10 | - | €14,793,480 | +€14.8m | |
| Issued capital | 100 | - | €14,793,480 | +€14.8m | |
| Revaluation surpluses | 12 | - | €264,000 | +€264,000 | |
| Reserves | 13 | €1,450,000 | €1,450,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,450,000 | +€1.5m | |
| Legal reserve | 130 | - | €1,450,000 | +€1.5m | |
| Profit (loss) carried forward | 14 | -€22,392,302 | -€21,096,439 | +€1.3m | +5.8% |
| Provisions and deferred taxes | 16 | €408,650 | €408,650 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | - | €408,650 | +€408,650 | |
| Other liabilities and charges | 164/5 | - | €408,650 | +€408,650 | |
| Amounts payable | 17/49 | €40,565,713 | €43,192,021 | +€2.6m | +6.5% |
| Amounts payable after more than one year | 17 | €26,623,167 | €26,647,897 | +€24,730 | +0.1% |
| Financial debts | 170/4 | - | €11,102,828 | +€11.1m | |
| Other loans | 174 | - | €11,102,828 | +€11.1m | |
| Trade debts | 175 | - | €15,545,069 | +€15.5m | |
| Suppliers | 1750 | - | €15,545,069 | +€15.5m | |
| Amounts payable within one year | 42/48 | €13,916,316 | €16,515,735 | +€2.6m | +18.7% |
| Trade debts | 44 | €12,981,100 | €11,783,249 | -€1.2m | -9.2% |
| Suppliers | 440/4 | - | €11,783,249 | +€11.8m | |
| Taxes, remuneration and social security | 45 | - | €340,667 | +€340,667 | |
| Taxes | 450/3 | - | €340,667 | +€340,667 | |
| Other amounts payable | 47/48 | - | €4,391,818 | +€4.4m | |
| Accrued charges and deferred income | 492/3 | - | €28,390 | +€28,390 | |
| Operating income | 70/76A | - | €21,446,270 | +€21.4m | |
| Turnover | 70 | €15,506,712 | €19,022,405 | +€3.5m | +22.7% |
| Own construction capitalised | 72 | - | €131,112 | +€131,112 | |
| Other operating income | 74 | - | €2,292,753 | +€2.3m | |
| Operating charges | 60/66A | - | €19,920,258 | +€19.9m | |
| Goods for resale, raw materials and consumables | 60 | - | €16,038,178 | +€16.0m | |
| Purchases | 600/8 | - | €16,038,178 | +€16.0m | |
| Services and other goods | 61 | - | €3,473,818 | +€3.5m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,156,487 | €407,021 | -€749,466 | -64.8% |
| Other operating charges | 640/8 | - | €1,240 | +€1,240 | |
| Operating profit (loss) | 9901 | €357,124 | €1,526,012 | +€1.2m | +327% |
| Financial income | 75/76B | - | €375,077 | +€375,077 | |
| Recurring financial income | 75 | €4,342,329 | €78,742 | -€4.3m | -98.2% |
| Other financial income | 752/9 | - | €78,742 | +€78,742 | |
| Non-recurring financial income | 76B | - | €296,335 | +€296,335 | |
| Financial charges | 65/66B | - | €605,226 | +€605,226 | |
| Recurring financial charges | 65 | €209,884 | €605,226 | +€395,342 | +188% |
| Debt charges | 650 | €179,773 | €152,823 | -€26,950 | -15.0% |
| Other financial charges | 652/9 | - | €452,403 | +€452,403 | |
| Profit (loss) for the period before taxes | 9903 | €6,435,296 | €1,295,863 | -€5.1m | -79.9% |
| Profit (loss) for the period | 9904 | €6,435,296 | €1,295,863 | -€5.1m | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,435,296 | €1,295,863 | -€5.1m | -79.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.