LRGA: 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.
LRGA
Largest movements
- Tangible fixed assets +€30,028
up €30,028 (+256.5%), from €11,708 to €41,737
of which Leasing and similar rights: +€35,744
- Receivables within one year +€26,756
up €26,756 (+142.6%), from €18,761 to €45,517
of which Trade receivables: +€17,171
- Stocks and contracts +€4,699
up €4,699 (+356.5%), from €1,318 to €6,018
- Cash -€3,082
down €3,082 (-13.6%), from €22,670 to €19,588
mainly Investment in fixed assets (net) (-€38,386) and Receivables within one year (-€26,756)
- Intangible fixed assets -€2,500
down €2,500 (-14.3%), from €17,521 to €15,021
- Total equity and liabilities +€57,903
up €57,903 (+80.4%), from €72,061 to €129,964
of which Debts: +€45,631
- Gross operating margin +€10,267
up €10,267 (+27.0%), from €38,089 to €48,356
- Depreciation -€2,643
down €2,643 (-19.6%), from €13,500 to €10,857
- Taxes +€1,928
up €1,928 (+29.3%), from €6,571 to €8,499
- Staff costs -€1,790
no longer reported in 2024 (was €1,790)
- Other operating charges +€1,632
up €1,632 (+122.4%), from €1,333 to €2,965
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,061 | €129,964 | +€57,903 | +80.4% |
| Fixed assets | 21/28 | €29,229 | €56,757 | +€27,528 | +94.2% |
| Intangible fixed assets | 21 | €17,521 | €15,021 | -€2,500 | -14.3% |
| Tangible fixed assets | 22/27 | €11,708 | €41,737 | +€30,028 | +256.5% |
| Plant, machinery and equipment | 23 | €9,583 | €5,767 | -€3,816 | -39.8% |
| Furniture and vehicles | 24 | €2,125 | €226 | -€1,899 | -89.4% |
| Leasing and similar rights | 25 | - | €35,744 | +€35,744 | |
| Current assets | 29/58 | €42,832 | €73,207 | +€30,374 | +70.9% |
| Stocks and contracts in progress | 3 | €1,318 | €6,018 | +€4,699 | +356.5% |
| Stocks | 30/36 | €1,318 | €6,018 | +€4,699 | +356.5% |
| Amounts receivable within one year | 40/41 | €18,761 | €45,517 | +€26,756 | +142.6% |
| Trade receivables | 40 | €15,506 | €32,676 | +€17,171 | +110.7% |
| Other amounts receivable | 41 | €3,256 | €12,841 | +€9,585 | +294.4% |
| Cash at bank and in hand | 54/58 | €22,670 | €19,588 | -€3,082 | -13.6% |
| Deferred charges and accrued income | 490/1 | €83 | €2,084 | +€2,001 | +2420.1% |
| Total equity and liabilities | 10/49 | €72,061 | €129,964 | +€57,903 | +80.4% |
| Equity | 10/15 | €43,278 | €54,554 | +€11,276 | +26.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €28,000 | €28,000 | = | 0.0% |
| Distributable reserves | 133 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€718 | €11,554 | +€12,272 | |
| Amounts payable | 17/49 | €29,779 | €75,410 | +€45,631 | +153.2% |
| Amounts payable after more than one year | 17 | €1,724 | €28,511 | +€26,787 | +1553.6% |
| Financial debts | 170/4 | €1,724 | €28,511 | +€26,787 | +1553.6% |
| Amounts payable within one year | 42/48 | €28,055 | €46,899 | +€18,844 | +67.2% |
| Current portion of amounts payable after more than one year | 42 | €6,450 | €8,600 | +€2,150 | +33.3% |
| Trade debts | 44 | €5,396 | €16,769 | +€11,374 | +210.8% |
| Suppliers | 440/4 | €5,396 | €16,769 | +€11,374 | +210.8% |
| Taxes, remuneration and social security | 45 | €13,338 | €8,829 | -€4,510 | -33.8% |
| Taxes | 450/3 | €11,948 | €8,829 | -€3,120 | -26.1% |
| Remuneration and social security | 454/9 | €1,390 | - | -€1,390 | |
| Other amounts payable | 47/48 | €2,870 | €12,700 | +€9,830 | +342.4% |
| Non-recurring operating income | 76A | - | €6,573 | +€6,573 | |
| Remuneration, social security and pensions | 62 | €1,790 | - | -€1,790 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,500 | €10,857 | -€2,643 | -19.6% |
| Other operating charges | 640/8 | €1,333 | €2,965 | +€1,632 | +122.4% |
| Non-recurring operating charges | 66A | - | €1,590 | +€1,590 | |
| Gross operating margin | 9900 | €38,089 | €48,356 | +€10,267 | +27.0% |
| Operating profit (loss) | 9901 | €21,465 | €32,944 | +€11,479 | +53.5% |
| Financial income | 75/76B | - | €337 | +€337 | |
| Recurring financial income | 75 | - | €337 | +€337 | |
| Financial charges | 65/66B | €789 | €1,506 | +€717 | +90.8% |
| Recurring financial charges | 65 | €789 | €1,506 | +€717 | +90.8% |
| Profit (loss) for the period before taxes | 9903 | €20,676 | €31,775 | +€11,099 | +53.7% |
| Income taxes | 67/77 | €6,571 | €8,499 | +€1,928 | +29.3% |
| Profit (loss) for the period | 9904 | €14,105 | €23,276 | +€9,171 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,105 | €23,276 | +€9,171 | +65.0% |
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 8 October 2026 via checked.be.