LPG BENELUX: 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.
LPG BENELUX
Largest movements
- Stocks and contracts +€461,134
up €461,134 (+47.6%), from €969,410 to €1.4m
- Receivables within one year +€339,633
up €339,633 (+22.7%), from €1.5m to €1.8m
of which Trade receivables: +€343,420
- Trade debts +€1.2m
up €1.2m (+33.5%), from €3.6m to €4.8m
- Profit (loss) carried forward -€640,337
down €640,337 (-61.8%), from -€1.0m to -€1.7m
- Tax, wage and social debts +€177,808
up €177,808 (+100%), from €177,665 to €355,473
of which Remuneration and social security: +€121,317
- Accrued charges and deferred income +€43,383
new in 2025: €43,383
- Gross operating margin +€326,238
up €326,238 (+36.8%), from €887,496 to €1.2m
- Staff costs +€93,513
up €93,513 (+5.8%), from €1.6m to €1.7m
- Other operating charges +€56,682
up €56,682 (+209%), from €27,119 to €83,801
- Write-downs +€16,461
no longer reported in 2025 (was -€16,461)
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 | €2,760,875 | €3,545,955 | +€785,080 | +28.4% |
| Fixed assets | 21/28 | €89,190 | €86,497 | -€2,693 | -3.0% |
| Intangible fixed assets | 21 | €42,500 | €27,500 | -€15,000 | -35.3% |
| Tangible fixed assets | 22/27 | €5,498 | €5,409 | -€90 | -1.6% |
| Furniture and vehicles | 24 | €5,498 | €5,409 | -€90 | -1.6% |
| Financial fixed assets | 28 | €41,191 | €53,588 | +€12,397 | +30.1% |
| Current assets | 29/58 | €2,671,685 | €3,459,458 | +€787,773 | +29.5% |
| Stocks and contracts in progress | 3 | €969,410 | €1,430,544 | +€461,134 | +47.6% |
| Stocks | 30/36 | €969,410 | €1,430,544 | +€461,134 | +47.6% |
| Amounts receivable within one year | 40/41 | €1,499,235 | €1,838,868 | +€339,633 | +22.7% |
| Trade receivables | 40 | €1,495,448 | €1,838,868 | +€343,420 | +23.0% |
| Other amounts receivable | 41 | €3,787 | - | -€3,787 | |
| Current investments | 50/53 | €4 | €4 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €200,476 | €165,378 | -€35,098 | -17.5% |
| Deferred charges and accrued income | 490/1 | €2,559 | €24,663 | +€22,103 | +864% |
| Total equity and liabilities | 10/49 | €2,760,875 | €3,545,955 | +€785,080 | +28.4% |
| Equity | 10/15 | -€1,016,418 | -€1,656,755 | -€640,337 | -63.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,036,878 | -€1,677,215 | -€640,337 | -61.8% |
| Amounts payable | 17/49 | €3,777,293 | €5,202,709 | +€1.4m | +37.7% |
| Amounts payable within one year | 42/48 | €3,777,293 | €5,159,326 | +€1.4m | +36.6% |
| Trade debts | 44 | €3,599,628 | €4,803,853 | +€1.2m | +33.5% |
| Suppliers | 440/4 | €3,599,628 | €4,803,853 | +€1.2m | +33.5% |
| Taxes, remuneration and social security | 45 | €177,665 | €355,473 | +€177,808 | +100% |
| Taxes | 450/3 | €4,044 | €60,536 | +€56,491 | +1,397% |
| Remuneration and social security | 454/9 | €173,621 | €294,937 | +€121,317 | +69.9% |
| Accrued charges and deferred income | 492/3 | - | €43,383 | +€43,383 | |
| Remuneration, social security and pensions | 62 | €1,612,737 | €1,706,251 | +€93,513 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,659 | €18,635 | -€3,024 | -14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,461 | - | +€16,461 | |
| Other operating charges | 640/8 | €27,119 | €83,801 | +€56,682 | +209% |
| Gross operating margin | 9900 | €887,496 | €1,213,734 | +€326,238 | +36.8% |
| Operating profit (loss) | 9901 | -€757,559 | -€594,953 | +€162,606 | +21.5% |
| Financial income | 75/76B | €8,984 | €14,013 | +€5,029 | +56.0% |
| Recurring financial income | 75 | €8,984 | €14,013 | +€5,029 | +56.0% |
| Financial charges | 65/66B | €48,233 | €55,153 | +€6,920 | +14.3% |
| Recurring financial charges | 65 | €48,233 | €55,153 | +€6,920 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€796,808 | -€636,093 | +€160,715 | +20.2% |
| Income taxes | 67/77 | €4,318 | €4,244 | -€74 | -1.7% |
| Profit (loss) for the period | 9904 | -€801,126 | -€640,337 | +€160,789 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€801,126 | -€640,337 | +€160,789 | +20.1% |
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.