LY Group: 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.
LY Group
Largest movements
- Cash +€211,422
up €211,422 (+143.5%), from €147,282 to €358,703
mainly Depreciation (+€151,259) and Net result for the year (+€144,677)
- Tangible fixed assets -€26,171
down €26,171 (-1.9%), from €1.3m to €1.3m
of which Plant, machinery and equipment: -€21,158
- Receivables within one year +€20,432
up €20,432 (+63.3%), from €32,293 to €52,725
- Profit (loss) carried forward +€144,677
new in 2024: €144,677
- Trade debts +€95,708
up €95,708 (+160.7%), from €59,567 to €155,275
- Other debts -€30,719
down €30,719 (-54.6%), from €56,306 to €25,587
- Tax, wage and social debts +€26,336
up €26,336 (+41.5%), from €63,454 to €89,790
of which Remuneration and social security: +€42,195
- Debts after one year -€24,950
down €24,950 (-2.1%), from €1.2m to €1.2m
- Gross operating margin +€202,044
up €202,044 (+50.7%), from €398,891 to €600,936
- Staff costs +€187,195
new in 2024: €187,195
- Taxes +€36,787
up €36,787 (+180.0%), from €20,435 to €57,223
- Other operating charges +€6,536
up €6,536 (+26.8%), from €24,351 to €30,887
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 | €1,637,947 | €1,847,430 | +€209,483 | +12.8% |
| Fixed assets | 21/28 | €1,345,834 | €1,318,973 | -€26,861 | -2.0% |
| Intangible fixed assets | 21 | €1,975 | €1,285 | -€690 | -34.9% |
| Tangible fixed assets | 22/27 | €1,343,759 | €1,317,588 | -€26,171 | -1.9% |
| Land and buildings | 22 | €983,387 | €992,845 | +€9,459 | +1.0% |
| Plant, machinery and equipment | 23 | €84,888 | €63,729 | -€21,158 | -24.9% |
| Furniture and vehicles | 24 | €7,595 | €4,974 | -€2,621 | -34.5% |
| Leasing and similar rights | 25 | €267,890 | €256,040 | -€11,850 | -4.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €292,113 | €528,457 | +€236,344 | +80.9% |
| Amounts receivable after more than one year | 29 | €110,275 | €110,275 | = | 0.0% |
| Other amounts receivable | 291 | €110,275 | €110,275 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,293 | €52,725 | +€20,432 | +63.3% |
| Trade receivables | 40 | €32,293 | €52,725 | +€20,432 | +63.3% |
| Cash at bank and in hand | 54/58 | €147,282 | €358,703 | +€211,422 | +143.5% |
| Deferred charges and accrued income | 490/1 | €2,263 | €6,753 | +€4,490 | +198.4% |
| Total equity and liabilities | 10/49 | €1,637,947 | €1,847,430 | +€209,483 | +12.8% |
| Equity | 10/15 | €124,393 | €269,070 | +€144,677 | +116.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | - | -€50,000 | |
| Issued capital | 100 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €74,393 | €74,393 | = | 0.0% |
| Distributable reserves | 133 | €74,393 | €74,393 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €144,677 | +€144,677 | |
| Amounts payable | 17/49 | €1,513,554 | €1,578,360 | +€64,806 | +4.3% |
| Amounts payable after more than one year | 17 | €1,207,619 | €1,182,669 | -€24,950 | -2.1% |
| Financial debts | 170/4 | €1,207,619 | €1,182,669 | -€24,950 | -2.1% |
| Amounts payable within one year | 42/48 | €305,934 | €395,691 | +€89,756 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €126,608 | €125,039 | -€1,569 | -1.2% |
| Trade debts | 44 | €59,567 | €155,275 | +€95,708 | +160.7% |
| Suppliers | 440/4 | €59,567 | €155,275 | +€95,708 | +160.7% |
| Taxes, remuneration and social security | 45 | €63,454 | €89,790 | +€26,336 | +41.5% |
| Taxes | 450/3 | €63,454 | €47,595 | -€15,859 | -25.0% |
| Remuneration and social security | 454/9 | - | €42,195 | +€42,195 | |
| Other amounts payable | 47/48 | €56,306 | €25,587 | -€30,719 | -54.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €187,195 | +€187,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,104 | €151,259 | +€1,156 | +0.8% |
| Other operating charges | 640/8 | €24,351 | €30,887 | +€6,536 | +26.8% |
| Gross operating margin | 9900 | €398,891 | €600,936 | +€202,044 | +50.7% |
| Operating profit (loss) | 9901 | €224,437 | €231,595 | +€7,158 | +3.2% |
| Financial income | 75/76B | €2 | €312 | +€310 | +15355.9% |
| Recurring financial income | 75 | €2 | €312 | +€310 | +15355.9% |
| Financial charges | 65/66B | €30,256 | €30,007 | -€249 | -0.8% |
| Recurring financial charges | 65 | €30,256 | €30,007 | -€249 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €194,183 | €201,900 | +€7,717 | +4.0% |
| Income taxes | 67/77 | €20,435 | €57,223 | +€36,787 | +180.0% |
| Profit (loss) for the period | 9904 | €173,747 | €144,677 | -€29,070 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €173,747 | €144,677 | -€29,070 | -16.7% |
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 2 October 2026 via checked.be.