LRG: 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.
LRG
Largest movements
- Receivables within one year +€7,374
up €7,374 (+82.3%), from €8,956 to €16,330
of which Trade receivables: +€7,573
- Stocks and contracts +€7,004
up €7,004 (+32.1%), from €21,838 to €28,843
- Intangible fixed assets +€2,346
new in 2025: €2,346
- Cash -€861
down €861 (-61.3%), from €1,404 to €543
mainly Receivables within one year (-€7,374) and Stocks and contracts (-€7,004)
- Reserves +€8,540
up €8,540 (+209.7%), from €4,073 to €12,614
- Trade debts +€8,392
up €8,392 (+185.9%), from €4,514 to €12,906
- Tax, wage and social debts -€6,855
down €6,855 (-62.1%), from €11,035 to €4,180
of which Taxes: -€4,355
- Other debts +€5,139
up €5,139 (+772.0%), from €666 to €5,804
- Gross operating margin +€14,302
up €14,302 (+598.2%), from €2,391 to €16,693
- Taxes +€1,987
up €1,987 (+504.1%), from €394 to €2,381
- Depreciation +€379
up €379 (+23.7%), from €1,602 to €1,982
- Financial charges +€334
up €334 (+34.6%), from €965 to €1,299
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.
Cash bridge derived
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 | €38,839 | €54,054 | +€15,216 | +39.2% |
| Fixed assets | 21/28 | €5,397 | €7,421 | +€2,023 | +37.5% |
| Intangible fixed assets | 21 | - | €2,346 | +€2,346 | |
| Tangible fixed assets | 22/27 | €5,247 | €4,925 | -€322 | -6.1% |
| Plant, machinery and equipment | 23 | €5,242 | €3,541 | -€1,701 | -32.4% |
| Furniture and vehicles | 24 | €5 | €1,383 | +€1,378 | +26973.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €33,441 | €46,634 | +€13,193 | +39.5% |
| Stocks and contracts in progress | 3 | €21,838 | €28,843 | +€7,004 | +32.1% |
| Stocks | 30/36 | €21,838 | €28,843 | +€7,004 | +32.1% |
| Amounts receivable within one year | 40/41 | €8,956 | €16,330 | +€7,374 | +82.3% |
| Trade receivables | 40 | €8,507 | €16,080 | +€7,573 | +89.0% |
| Other amounts receivable | 41 | €449 | €250 | -€199 | -44.3% |
| Cash at bank and in hand | 54/58 | €1,404 | €543 | -€861 | -61.3% |
| Deferred charges and accrued income | 490/1 | €1,243 | €918 | -€325 | -26.2% |
| Total equity and liabilities | 10/49 | €38,839 | €54,054 | +€15,216 | +39.2% |
| Equity | 10/15 | €22,623 | €31,164 | +€8,540 | +37.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €4,073 | €12,614 | +€8,540 | +209.7% |
| Distributable reserves | 133 | €4,073 | €12,614 | +€8,540 | +209.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,215 | €22,891 | +€6,676 | +41.2% |
| Amounts payable within one year | 42/48 | €16,215 | €22,891 | +€6,676 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,514 | €12,906 | +€8,392 | +185.9% |
| Suppliers | 440/4 | €4,514 | €12,906 | +€8,392 | +185.9% |
| Taxes, remuneration and social security | 45 | €11,035 | €4,180 | -€6,855 | -62.1% |
| Taxes | 450/3 | €8,535 | €4,180 | -€4,355 | -51.0% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | €666 | €5,804 | +€5,139 | +772.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,602 | €1,982 | +€379 | +23.7% |
| Other operating charges | 640/8 | €981 | €825 | -€156 | -15.9% |
| Gross operating margin | 9900 | €2,391 | €16,693 | +€14,302 | +598.2% |
| Operating profit (loss) | 9901 | -€193 | €13,886 | +€14,078 | |
| Financial income | 75/76B | €1 | €1 | +€0 | +50.7% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +50.7% |
| Financial charges | 65/66B | €965 | €1,299 | +€334 | +34.6% |
| Recurring financial charges | 65 | €965 | €1,299 | +€334 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,157 | €12,588 | +€13,745 | |
| Income taxes | 67/77 | €394 | €2,381 | +€1,987 | +504.1% |
| Profit (loss) for the period | 9904 | -€1,551 | €10,206 | +€11,758 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,551 | €10,206 | +€11,758 |
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 9 October 2026 via checked.be.