LSG: 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.
LSG
Largest movements
- Receivables within one year -€12,584
down €12,584 (-85.0%), from €14,797 to €2,213
of which Trade receivables: -€9,094
- Tangible fixed assets +€1,451
new in 2023: €1,451
- Cash -€1,203
down €1,203 (-100.0%), from €1,203 to €0
- Deferred charges and accrued income -€757
down €757 (-100.0%), from €757 to €0
- Profit (loss) carried forward -€24,048
down €24,048 (-109.8%), from -€21,895 to -€45,943
- Other debts +€12,118
up €12,118 (+37.8%), from €32,100 to €44,218
- Trade debts -€1,394
down €1,394 (-100.0%), from €1,394 to €0
- Gross operating margin +€20,310
up €20,310 (+93.3%), from -€21,778 to -€1,467
- Financial charges +€381
up €381 (+323.9%), from €118 to €499
- Depreciation +€370
new in 2023: €370
From the 2021 result to the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,756 | €3,664 | -€13,092 | -78.1% |
| Fixed assets | 21/28 | - | €1,451 | +€1,451 | |
| Tangible fixed assets | 22/27 | - | €1,451 | +€1,451 | |
| Plant, machinery and equipment | 23 | - | €1,451 | +€1,451 | |
| Current assets | 29/58 | €16,756 | €2,213 | -€14,543 | -86.8% |
| Amounts receivable within one year | 40/41 | €14,797 | €2,213 | -€12,584 | -85.0% |
| Trade receivables | 40 | €10,640 | €1,547 | -€9,094 | -85.5% |
| Other amounts receivable | 41 | €4,156 | €666 | -€3,490 | -84.0% |
| Cash at bank and in hand | 54/58 | €1,203 | €0 | -€1,203 | -100.0% |
| Deferred charges and accrued income | 490/1 | €757 | €0 | -€757 | -100.0% |
| Total equity and liabilities | 10/49 | €16,756 | €3,664 | -€13,092 | -78.1% |
| Equity | 10/15 | -€16,895 | -€40,943 | -€24,048 | -142.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,895 | -€45,943 | -€24,048 | -109.8% |
| Amounts payable | 17/49 | €33,651 | €44,607 | +€10,956 | +32.6% |
| Amounts payable within one year | 42/48 | €33,651 | €44,607 | +€10,956 | +32.6% |
| Financial debts | 43 | - | €90 | +€90 | |
| Credit institutions | 430/8 | - | €90 | +€90 | |
| Trade debts | 44 | €1,394 | €0 | -€1,394 | -100.0% |
| Suppliers | 440/4 | €1,394 | €0 | -€1,394 | -100.0% |
| Taxes, remuneration and social security | 45 | €157 | €298 | +€142 | +90.4% |
| Taxes | 450/3 | €157 | €298 | +€142 | +90.4% |
| Other amounts payable | 47/48 | €32,100 | €44,218 | +€12,118 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €370 | +€370 | |
| Other operating charges | 640/8 | - | €157 | +€157 | |
| Gross operating margin | 9900 | -€21,778 | -€1,467 | +€20,310 | +93.3% |
| Operating profit (loss) | 9901 | -€21,778 | -€1,995 | +€19,783 | +90.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | +500.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +500.0% |
| Financial charges | 65/66B | €118 | €499 | +€381 | +323.9% |
| Recurring financial charges | 65 | €118 | €499 | +€381 | +323.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,895 | -€2,494 | +€19,401 | +88.6% |
| Profit (loss) for the period | 9904 | -€21,895 | -€2,494 | +€19,401 | +88.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,895 | -€2,494 | +€19,401 | +88.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.