LGS2: what changed
Two fiscal 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
LGS2
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€547,405
2023 · €393,343+€154,062
Equity
€10.9m
2023 · €10.4m+€547,405
Cash
€10,970
2023 · €9,364+€1,606
Balance sheet total
€48.1m
2023 · €46.5m+€1.6m
Largest movements
Assets
- Financial fixed assets +€1.2m
up €1.2m (+3.1%), from €40.3m to €41.6m
Equity and liabilities
- Debts after one year +€922,197
up €922,197 (+3.0%), from €30.7m to €31.7m
- Profit (loss) carried forward +€547,405
up €547,405 (+23.7%), from €2.3m to €2.9m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2023
€393,343
Other operating items
+€9,496
Financial income
+€183,555
Financial charges
-€38,989
Result 2024
€547,405
Cash bridge derived
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.
From operations
+€324,833
Investment
-€1.2m
Financing
+€922,197
Cash 2023
€9,364
From operations (derived)
+€324,833
Net result for the year
+€547,405
Receivables within one year
-€368,432
Trade debts
-€1,636
Other debts
+€147,497
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€922,197
Debts after one year
+€922,197
Cash 2024
€10,970
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,523,207 | €48,138,670 | +€1.6m | +3.5% |
| Fixed assets | 21/28 | €40,345,326 | €41,590,751 | +€1.2m | +3.1% |
| Financial fixed assets | 28 | €40,345,326 | €41,590,751 | +€1.2m | +3.1% |
| Affiliated companies | 280/1 | €40,345,326 | €41,590,751 | +€1.2m | +3.1% |
| Participating interests | 280 | €8,423,147 | €8,423,147 | = | 0.0% |
| Amounts receivable | 281 | €31,922,179 | €33,167,604 | +€1.2m | +3.9% |
| Current assets | 29/58 | €6,177,881 | €6,547,920 | +€370,038 | +6.0% |
| Amounts receivable within one year | 40/41 | €6,168,518 | €6,536,950 | +€368,432 | +6.0% |
| Other amounts receivable | 41 | €6,168,518 | €6,536,950 | +€368,432 | +6.0% |
| Cash at bank and in hand | 54/58 | €9,364 | €10,970 | +€1,606 | +17.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €46,523,207 | €48,138,670 | +€1.6m | +3.5% |
| Equity | 10/15 | €10,380,703 | €10,928,107 | +€547,405 | +5.3% |
| Contributions | 10/11 | €8,023,207 | €8,023,207 | = | 0.0% |
| Reserves | 13 | €45,691 | €45,691 | = | 0.0% |
| Distributable reserves | 133 | €45,691 | €45,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,311,805 | €2,859,209 | +€547,405 | +23.7% |
| Amounts payable | 17/49 | €36,142,505 | €37,210,563 | +€1.1m | +3.0% |
| Amounts payable after more than one year | 17 | €30,739,910 | €31,662,108 | +€922,197 | +3.0% |
| Financial debts | 170/4 | €30,739,910 | €31,662,108 | +€922,197 | +3.0% |
| Other loans | 174 | €30,739,910 | €31,662,108 | +€922,197 | +3.0% |
| Amounts payable within one year | 42/48 | €5,402,594 | €5,548,455 | +€145,861 | +2.7% |
| Trade debts | 44 | €9,447 | €7,812 | -€1,636 | -17.3% |
| Suppliers | 440/4 | €9,447 | €7,812 | -€1,636 | -17.3% |
| Taxes, remuneration and social security | 45 | €43 | €43 | = | 0.0% |
| Taxes | 450/3 | €43 | €43 | = | 0.0% |
| Other amounts payable | 47/48 | €5,393,104 | €5,540,601 | +€147,497 | +2.7% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | = | 0.0% |
| Operating charges | 60/66A | €16,237 | €6,741 | -€9,496 | -58.5% |
| Services and other goods | 61 | €16,237 | €6,741 | -€9,496 | -58.5% |
| Operating profit (loss) | 9901 | -€16,237 | -€6,741 | +€9,496 | +58.5% |
| Financial income | 75/76B | €1,524,831 | €1,708,386 | +€183,555 | +12.0% |
| Recurring financial income | 75 | €1,524,831 | €1,708,386 | +€183,555 | +12.0% |
| Income from financial fixed assets | 750 | €1,415,765 | €1,472,069 | +€56,304 | +4.0% |
| Income from current assets | 751 | €2 | €24 | +€22 | +1019.3% |
| Other financial income | 752/9 | €109,065 | €236,293 | +€127,229 | +116.7% |
| Financial charges | 65/66B | €1,115,252 | €1,154,240 | +€38,989 | +3.5% |
| Recurring financial charges | 65 | €1,115,252 | €1,154,240 | +€38,989 | +3.5% |
| Debt charges | 650 | €1,114,714 | €1,153,673 | +€38,959 | +3.5% |
| Other financial charges | 652/9 | €537 | €567 | +€30 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €393,343 | €547,405 | +€154,062 | +39.2% |
| Profit (loss) for the period | 9904 | €393,343 | €547,405 | +€154,062 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €393,343 | €547,405 | +€154,062 | +39.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.