LNG-ASSOCIATES: 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.
LNG-ASSOCIATES
Largest movements
- Cash -€198,327
down €198,327 (-43.1%), from €459,654 to €261,327
mainly Receivables within one year (-€134,965) and Trade debts (-€66,023)
- Receivables within one year +€134,965
up €134,965 (+45.0%), from €300,011 to €434,976
of which Trade receivables: +€136,354
- Profit (loss) carried forward +€76,919
up €76,919 (+43.1%), from €178,352 to €255,271
- Trade debts -€66,023
down €66,023 (-26.6%), from €248,549 to €182,526
- Other debts -€50,645
down €50,645 (-24.5%), from €206,951 to €156,306
- Reserves -€12,707
down €12,707 (-87.2%), from €14,567 to €1,860
of which Distributable reserves: -€12,707
- Tax, wage and social debts -€10,656
down €10,656 (-11.1%), from €96,135 to €85,479
- Turnover -€1.4m
no longer reported in 2025 (was €1.4m)
- Purchases and services -€1.2m
no longer reported in 2025 (was €1.2m)
- Other operating charges -€61,597
down €61,597 (-95.0%), from €64,813 to €3,216
- Gross operating margin -€31,197
down €31,197 (-14.6%), from €213,185 to €181,988
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €763,146 | €700,033 | -€63,112 | -8.3% |
| Fixed assets | 21/28 | €3,481 | €3,730 | +€249 | +7.2% |
| Financial fixed assets | 28 | €3,481 | €3,730 | +€249 | +7.2% |
| Current assets | 29/58 | €759,665 | €696,303 | -€63,362 | -8.3% |
| Amounts receivable within one year | 40/41 | €300,011 | €434,976 | +€134,965 | +45.0% |
| Trade receivables | 40 | €211,037 | €347,391 | +€136,354 | +64.6% |
| Other amounts receivable | 41 | €88,974 | €87,585 | -€1,389 | -1.6% |
| Cash at bank and in hand | 54/58 | €459,654 | €261,327 | -€198,327 | -43.1% |
| Total equity and liabilities | 10/49 | €763,146 | €700,033 | -€63,112 | -8.3% |
| Equity | 10/15 | €211,511 | €275,723 | +€64,212 | +30.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,567 | €1,860 | -€12,707 | -87.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €12,707 | - | -€12,707 | |
| Profit (loss) carried forward | 14 | €178,352 | €255,271 | +€76,919 | +43.1% |
| Amounts payable | 17/49 | €551,635 | €424,310 | -€127,324 | -23.1% |
| Amounts payable within one year | 42/48 | €551,635 | €424,310 | -€127,324 | -23.1% |
| Trade debts | 44 | €248,549 | €182,526 | -€66,023 | -26.6% |
| Suppliers | 440/4 | €248,549 | €182,526 | -€66,023 | -26.6% |
| Taxes, remuneration and social security | 45 | €96,135 | €85,479 | -€10,656 | -11.1% |
| Taxes | 450/3 | €96,135 | €85,479 | -€10,656 | -11.1% |
| Other amounts payable | 47/48 | €206,951 | €156,306 | -€50,645 | -24.5% |
| Turnover | 70 | €1,447,809 | - | -€1.4m | |
| Non-recurring operating income | 76A | - | €1,343 | +€1,343 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,234,624 | - | -€1.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,737 | - | -€1,737 | |
| Other operating charges | 640/8 | €64,813 | €3,216 | -€61,597 | -95.0% |
| Gross operating margin | 9900 | €213,185 | €181,988 | -€31,197 | -14.6% |
| Operating profit (loss) | 9901 | €146,636 | €178,772 | +€32,137 | +21.9% |
| Financial income | 75/76B | €2 | €1 | -€1 | -63.0% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -63.0% |
| Financial charges | 65/66B | €1,643 | €1,745 | +€102 | +6.2% |
| Recurring financial charges | 65 | €1,643 | €1,745 | +€102 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €144,994 | €177,028 | +€32,034 | +22.1% |
| Income taxes | 67/77 | €43,403 | €50,109 | +€6,706 | +15.5% |
| Profit (loss) for the period | 9904 | €101,591 | €126,919 | +€25,328 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €101,591 | €126,919 | +€25,328 | +24.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.