LRG MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments +€123,073
new in 2025: €123,073
- Cash -€102,267
down €102,267 (-63.6%), from €160,827 to €58,561
mainly Current investments (-€123,073) and Contributions, distributions and other (-€24,700)
- Tangible fixed assets -€15,559
down €15,559 (-40.8%), from €38,106 to €22,547
of which Furniture and vehicles: -€14,851
- Receivables within one year +€3,017
up €3,017 (+22.2%), from €13,587 to €16,604
of which Trade receivables: +€4,012
- Other debts +€15,714
up €15,714 (+91.0%), from €17,260 to €32,974
- Current portion of long-term debt -€10,531
down €10,531 (-83.2%), from €12,650 to €2,119
- Reserves +€3,800
up €3,800 (+3.1%), from €122,872 to €126,672
- Tax, wage and social debts +€2,581
up €2,581 (+188%), from €1,371 to €3,952
- Gross operating margin +€21,252
up €21,252 (+77.0%), from €27,608 to €48,859
- Taxes +€4,577
up €4,577 (+85.5%), from €5,355 to €9,932
- Financial income -€2,075
down €2,075 (-24.7%), from €8,401 to €6,325
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 | €218,233 | €226,035 | +€7,802 | +3.6% |
| Fixed assets | 21/28 | €43,356 | €27,797 | -€15,559 | -35.9% |
| Tangible fixed assets | 22/27 | €38,106 | €22,547 | -€15,559 | -40.8% |
| Plant, machinery and equipment | 23 | €5,962 | €5,254 | -€708 | -11.9% |
| Furniture and vehicles | 24 | €32,144 | €17,292 | -€14,851 | -46.2% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €174,877 | €198,238 | +€23,360 | +13.4% |
| Amounts receivable within one year | 40/41 | €13,587 | €16,604 | +€3,017 | +22.2% |
| Trade receivables | 40 | €12,242 | €16,255 | +€4,012 | +32.8% |
| Other amounts receivable | 41 | €1,345 | €350 | -€996 | -74.0% |
| Current investments | 50/53 | - | €123,073 | +€123,073 | |
| Cash at bank and in hand | 54/58 | €160,827 | €58,561 | -€102,267 | -63.6% |
| Deferred charges and accrued income | 490/1 | €463 | - | -€463 | |
| Total equity and liabilities | 10/49 | €218,233 | €226,035 | +€7,802 | +3.6% |
| Equity | 10/15 | €184,003 | €186,970 | +€2,967 | +1.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €122,872 | €126,672 | +€3,800 | +3.1% |
| Distributable reserves | 133 | €122,872 | €126,672 | +€3,800 | +3.1% |
| Profit (loss) carried forward | 14 | €48,731 | €47,898 | -€833 | -1.7% |
| Amounts payable | 17/49 | €34,230 | €39,065 | +€4,835 | +14.1% |
| Amounts payable after more than one year | 17 | €2,119 | - | -€2,119 | |
| Financial debts | 170/4 | €2,119 | - | -€2,119 | |
| Amounts payable within one year | 42/48 | €32,073 | €39,065 | +€6,992 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €12,650 | €2,119 | -€10,531 | -83.2% |
| Trade debts | 44 | €791 | €20 | -€771 | -97.5% |
| Suppliers | 440/4 | €791 | €20 | -€771 | -97.5% |
| Taxes, remuneration and social security | 45 | €1,371 | €3,952 | +€2,581 | +188% |
| Taxes | 450/3 | €1,371 | €3,952 | +€2,581 | +188% |
| Other amounts payable | 47/48 | €17,260 | €32,974 | +€15,714 | +91.0% |
| Accrued charges and deferred income | 492/3 | €38 | - | -€38 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,559 | €15,559 | = | 0.0% |
| Other operating charges | 640/8 | €899 | €1,215 | +€316 | +35.2% |
| Gross operating margin | 9900 | €27,608 | €48,859 | +€21,252 | +77.0% |
| Operating profit (loss) | 9901 | €11,150 | €32,086 | +€20,935 | +188% |
| Financial income | 75/76B | €8,401 | €6,325 | -€2,075 | -24.7% |
| Recurring financial income | 75 | €8,401 | €6,325 | -€2,075 | -24.7% |
| Financial charges | 65/66B | €486 | €813 | +€327 | +67.2% |
| Recurring financial charges | 65 | €486 | €813 | +€327 | +67.2% |
| Profit (loss) for the period before taxes | 9903 | €19,065 | €37,598 | +€18,534 | +97.2% |
| Income taxes | 67/77 | €5,355 | €9,932 | +€4,577 | +85.5% |
| Profit (loss) for the period | 9904 | €13,710 | €27,666 | +€13,956 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €13,710 | €27,666 | +€13,956 | +102% |
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 26 October 2026 via checked.be.