LSG services: 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 services
Largest movements
- Receivables within one year +€42,671
up €42,671 (+1149.6%), from €3,712 to €46,383
of which Trade receivables: +€41,894
- Tangible fixed assets -€8,318
down €8,318 (-47.5%), from €17,495 to €9,177
of which Furniture and vehicles: -€6,735
- Deferred charges and accrued income -€6,499
no longer reported in 2025 (was €6,499)
- Cash +€1,424
up €1,424 (+171.8%), from €829 to €2,253
mainly Net result for the year (+€27,026) and Depreciation (+€8,318)
- Profit (loss) carried forward +€27,026
up €27,026, from -€8,770 to €18,257
- Tax, wage and social debts +€5,314
up €5,314 (+385.3%), from €1,379 to €6,692
of which Taxes: +€3,464
- Debts after one year -€4,789
down €4,789 (-30.0%), from €15,976 to €11,186
- Trade debts +€1,806
up €1,806 (+16.2%), from €11,170 to €12,975
- Gross operating margin +€42,404
up €42,404, from -€614 to €41,790
- Taxes +€4,585
new in 2025: €4,585
- Depreciation +€1,052
up €1,052 (+14.5%), from €7,266 to €8,318
- Other operating charges -€517
down €517 (-62.7%), from €823 to €307
- Financial charges +€497
up €497 (+47.1%), from €1,057 to €1,554
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 | €28,585 | €57,863 | +€29,278 | +102.4% |
| Fixed assets | 21/28 | €17,545 | €9,227 | -€8,318 | -47.4% |
| Tangible fixed assets | 22/27 | €17,495 | €9,177 | -€8,318 | -47.5% |
| Plant, machinery and equipment | 23 | €2,972 | €1,388 | -€1,583 | -53.3% |
| Furniture and vehicles | 24 | €14,524 | €7,789 | -€6,735 | -46.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €11,040 | €48,636 | +€37,596 | +340.6% |
| Amounts receivable within one year | 40/41 | €3,712 | €46,383 | +€42,671 | +1149.6% |
| Trade receivables | 40 | €3,660 | €45,553 | +€41,894 | +1144.8% |
| Other amounts receivable | 41 | €52 | €830 | +€778 | +1482.9% |
| Cash at bank and in hand | 54/58 | €829 | €2,253 | +€1,424 | +171.8% |
| Deferred charges and accrued income | 490/1 | €6,499 | - | -€6,499 | |
| Total equity and liabilities | 10/49 | €28,585 | €57,863 | +€29,278 | +102.4% |
| Equity | 10/15 | -€7,770 | €19,257 | +€27,026 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,770 | €18,257 | +€27,026 | |
| Amounts payable | 17/49 | €36,355 | €38,607 | +€2,252 | +6.2% |
| Amounts payable after more than one year | 17 | €15,976 | €11,186 | -€4,789 | -30.0% |
| Financial debts | 170/4 | €15,976 | €11,186 | -€4,789 | -30.0% |
| Amounts payable within one year | 42/48 | €20,379 | €27,421 | +€7,042 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €4,569 | €4,789 | +€221 | +4.8% |
| Trade debts | 44 | €11,170 | €12,975 | +€1,806 | +16.2% |
| Suppliers | 440/4 | €11,170 | €12,975 | +€1,806 | +16.2% |
| Taxes, remuneration and social security | 45 | €1,379 | €6,692 | +€5,314 | +385.3% |
| Taxes | 450/3 | €1,379 | €4,842 | +€3,464 | +251.2% |
| Remuneration and social security | 454/9 | - | €1,850 | +€1,850 | |
| Other amounts payable | 47/48 | €3,262 | €2,964 | -€298 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,266 | €8,318 | +€1,052 | +14.5% |
| Other operating charges | 640/8 | €823 | €307 | -€517 | -62.7% |
| Gross operating margin | 9900 | -€614 | €41,790 | +€42,404 | |
| Operating profit (loss) | 9901 | -€8,704 | €33,165 | +€41,869 | |
| Financial charges | 65/66B | €1,057 | €1,554 | +€497 | +47.1% |
| Recurring financial charges | 65 | €1,057 | €1,554 | +€497 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,760 | €31,611 | +€41,372 | |
| Income taxes | 67/77 | - | €4,585 | +€4,585 | |
| Profit (loss) for the period | 9904 | -€9,760 | €27,026 | +€36,787 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,760 | €27,026 | +€36,787 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.