LGS TECH CONSULT: 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.
LGS TECH CONSULT
Largest movements
- Cash -€39,399
down €39,399 (-61.8%), from €63,767 to €24,368
mainly Investment in fixed assets (net) (-€44,585) and Tax, wage and social debts (-€17,192)
- Tangible fixed assets +€37,247
up €37,247 (+400%), from €9,315 to €46,562
of which Furniture and vehicles: +€37,721
- Receivables after one year +€13,638
up €13,638 (+14.9%), from €91,436 to €105,074
- Other debts +€20,275
new in 2024: €20,275
- Tax, wage and social debts -€17,192
down €17,192 (-65.2%), from €26,364 to €9,172
of which Taxes: -€10,758
- Trade debts +€8,882
up €8,882 (+141%), from €6,289 to €15,171
- Current portion of long-term debt +€2,188
up €2,188 (+77.8%), from €2,812 to €5,000
- Gross operating margin -€22,120
down €22,120 (-39.3%), from €56,266 to €34,146
- Depreciation +€4,674
up €4,674 (+175%), from €2,664 to €7,338
- Taxes -€4,525
down €4,525 (-35.0%), from €12,945 to €8,420
- Other operating charges -€891
down €891 (-30.9%), from €2,882 to €1,991
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €191,962 | €206,115 | +€14,153 | +7.4% |
| Fixed assets | 21/28 | €9,315 | €46,562 | +€37,247 | +400% |
| Tangible fixed assets | 22/27 | €9,315 | €46,562 | +€37,247 | +400% |
| Furniture and vehicles | 24 | €8,040 | €45,761 | +€37,721 | +469% |
| Other tangible fixed assets | 26 | €1,275 | €801 | -€474 | -37.2% |
| Current assets | 29/58 | €182,647 | €159,553 | -€23,094 | -12.6% |
| Amounts receivable after more than one year | 29 | €91,436 | €105,074 | +€13,638 | +14.9% |
| Other amounts receivable | 291 | €91,436 | €105,074 | +€13,638 | +14.9% |
| Amounts receivable within one year | 40/41 | €27,017 | €28,774 | +€1,757 | +6.5% |
| Trade receivables | 40 | €22,660 | €26,971 | +€4,311 | +19.0% |
| Other amounts receivable | 41 | €4,357 | €1,803 | -€2,554 | -58.6% |
| Cash at bank and in hand | 54/58 | €63,767 | €24,368 | -€39,399 | -61.8% |
| Deferred charges and accrued income | 490/1 | €427 | €1,337 | +€910 | +213% |
| Total equity and liabilities | 10/49 | €191,962 | €206,115 | +€14,153 | +7.4% |
| Equity | 10/15 | €156,497 | €156,497 | = | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €144,097 | €144,097 | = | 0.0% |
| Distributable reserves | 133 | €144,097 | €144,097 | = | 0.0% |
| Amounts payable | 17/49 | €35,465 | €49,618 | +€14,153 | +39.9% |
| Amounts payable within one year | 42/48 | €35,465 | €49,618 | +€14,153 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €2,812 | €5,000 | +€2,188 | +77.8% |
| Trade debts | 44 | €6,289 | €15,171 | +€8,882 | +141% |
| Suppliers | 440/4 | €6,289 | €15,171 | +€8,882 | +141% |
| Taxes, remuneration and social security | 45 | €26,364 | €9,172 | -€17,192 | -65.2% |
| Taxes | 450/3 | €17,970 | €7,212 | -€10,758 | -59.9% |
| Remuneration and social security | 454/9 | €8,394 | €1,960 | -€6,434 | -76.6% |
| Other amounts payable | 47/48 | - | €20,275 | +€20,275 | |
| Non-recurring operating income | 76A | - | €710 | +€710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,664 | €7,338 | +€4,674 | +175% |
| Other operating charges | 640/8 | €2,882 | €1,991 | -€891 | -30.9% |
| Gross operating margin | 9900 | €56,266 | €34,146 | -€22,120 | -39.3% |
| Operating profit (loss) | 9901 | €50,720 | €24,817 | -€25,903 | -51.1% |
| Financial income | 75/76B | €1 | €98 | +€97 | +9,700% |
| Recurring financial income | 75 | €1 | €98 | +€97 | +9,700% |
| Financial charges | 65/66B | €1,606 | €1,970 | +€364 | +22.7% |
| Recurring financial charges | 65 | €1,606 | €1,970 | +€364 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €49,115 | €22,945 | -€26,170 | -53.3% |
| Income taxes | 67/77 | €12,945 | €8,420 | -€4,525 | -35.0% |
| Profit (loss) for the period | 9904 | €36,170 | €14,525 | -€21,645 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,170 | €14,525 | -€21,645 | -59.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.