L.B.C.: 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.
L.B.C.
Largest movements
- Receivables within one year -€169,858
down €169,858 (-54.5%), from €311,889 to €142,031
of which Other amounts receivable: -€96,565
- Cash -€14,921
down €14,921 (-43.4%), from €34,414 to €19,494
mainly Net result for the year (-€600,302) and Contributions, distributions and other (-€121,557)
- Tangible fixed assets -€6,552
down €6,552 (-39.2%), from €16,736 to €10,184
- Profit (loss) carried forward -€721,858
down €721,858 (-61.2%), from -€1.2m to -€1.9m
- Other debts +€300,000
up €300,000, from €0 to €300,000
- Debts after one year +€207,635
up €207,635 (+13.0%), from €1.6m to €1.8m
- Tax, wage and social debts +€15,881
up €15,881 (+135%), from €11,780 to €27,661
of which Remuneration and social security: +€22,370
- Trade debts +€7,012
up €7,012 (+208%), from €3,379 to €10,391
- Staff costs +€82,098
up €82,098 (+127%), from €64,426 to €146,524
- Financial charges +€79,406
up €79,406 (+671%), from €11,827 to €91,233
- Gross operating margin +€73,112
up €73,112 (+19.2%), from -€381,387 to -€308,275
- Other operating charges +€11,180
up €11,180 (+30.6%), from €36,537 to €47,717
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 | €456,639 | €265,309 | -€191,331 | -41.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €110,336 | €103,784 | -€6,552 | -5.9% |
| Tangible fixed assets | 22/27 | €16,736 | €10,184 | -€6,552 | -39.2% |
| Plant, machinery and equipment | 23 | €16,736 | €10,184 | -€6,552 | -39.2% |
| Financial fixed assets | 28 | €93,600 | €93,600 | = | 0.0% |
| Current assets | 29/58 | €346,303 | €161,525 | -€184,778 | -53.4% |
| Amounts receivable within one year | 40/41 | €311,889 | €142,031 | -€169,858 | -54.5% |
| Trade receivables | 40 | €73,292 | €0 | -€73,292 | -100% |
| Other amounts receivable | 41 | €238,596 | €142,031 | -€96,565 | -40.5% |
| Cash at bank and in hand | 54/58 | €34,414 | €19,494 | -€14,921 | -43.4% |
| Total equity and liabilities | 10/49 | €456,639 | €265,309 | -€191,331 | -41.9% |
| Equity | 10/15 | -€1,158,519 | -€1,880,378 | -€721,858 | -62.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,178,979 | -€1,900,838 | -€721,858 | -61.2% |
| Amounts payable | 17/49 | €1,615,159 | €2,145,686 | +€530,528 | +32.8% |
| Amounts payable after more than one year | 17 | €1,600,000 | €1,807,635 | +€207,635 | +13.0% |
| Financial debts | 170/4 | €1,600,000 | €1,807,635 | +€207,635 | +13.0% |
| Amounts payable within one year | 42/48 | €15,159 | €338,052 | +€322,893 | +2,130% |
| Trade debts | 44 | €3,379 | €10,391 | +€7,012 | +208% |
| Suppliers | 440/4 | €3,379 | €10,391 | +€7,012 | +208% |
| Taxes, remuneration and social security | 45 | €11,780 | €27,661 | +€15,881 | +135% |
| Taxes | 450/3 | €8,887 | €2,399 | -€6,489 | -73.0% |
| Remuneration and social security | 454/9 | €2,893 | €25,263 | +€22,370 | +773% |
| Other amounts payable | 47/48 | €0 | €300,000 | +€300,000 | |
| Remuneration, social security and pensions | 62 | €64,426 | €146,524 | +€82,098 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,552 | €6,552 | = | 0.0% |
| Other operating charges | 640/8 | €36,537 | €47,717 | +€11,180 | +30.6% |
| Gross operating margin | 9900 | -€381,387 | -€308,275 | +€73,112 | +19.2% |
| Operating profit (loss) | 9901 | -€488,903 | -€509,068 | -€20,166 | -4.1% |
| Financial charges | 65/66B | €11,827 | €91,233 | +€79,406 | +671% |
| Recurring financial charges | 65 | €11,827 | €91,233 | +€79,406 | +671% |
| Profit (loss) for the period before taxes | 9903 | -€500,730 | -€600,302 | -€99,572 | -19.9% |
| Profit (loss) for the period | 9904 | -€500,730 | -€600,302 | -€99,572 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€500,730 | -€600,302 | -€99,572 | -19.9% |
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 14 October 2026 via checked.be.