L.B.CONSTRUCTION: 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.
L.B.CONSTRUCTION
Largest movements
- Cash +€27,442
up €27,442 (+45.3%), from €60,608 to €88,051
mainly Net result for the year (+€23,622) and Trade debts (+€2,790)
- Reserves +€23,500
up €23,500 (+16.1%), from €146,050 to €169,550
- Trade debts +€2,790
new in 2025: €2,790
- Gross operating margin +€26,316
up €26,316 (+235.3%), from €11,185 to €37,500
- Taxes +€6,983
up €6,983 (+140.8%), from €4,959 to €11,942
- Other operating charges +€446
up €446 (+56.5%), from €789 to €1,235
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 | €168,058 | €195,062 | +€27,004 | +16.1% |
| Fixed assets | 21/28 | €1,541 | €1,952 | +€411 | +26.7% |
| Tangible fixed assets | 22/27 | €1,541 | €1,952 | +€411 | +26.7% |
| Plant, machinery and equipment | 23 | €1,541 | €1,952 | +€411 | +26.7% |
| Current assets | 29/58 | €166,518 | €193,111 | +€26,593 | +16.0% |
| Amounts receivable within one year | 40/41 | €5,676 | €4,827 | -€849 | -15.0% |
| Other amounts receivable | 41 | €5,676 | €4,827 | -€849 | -15.0% |
| Current investments | 50/53 | €100,234 | €100,234 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,608 | €88,051 | +€27,442 | +45.3% |
| Total equity and liabilities | 10/49 | €168,058 | €195,062 | +€27,004 | +16.1% |
| Equity | 10/15 | €164,893 | €188,514 | +€23,622 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,050 | €169,550 | +€23,500 | +16.1% |
| Distributable reserves | 133 | €146,050 | €169,550 | +€23,500 | +16.1% |
| Profit (loss) carried forward | 14 | €243 | €364 | +€122 | +50.2% |
| Amounts payable | 17/49 | €3,165 | €6,548 | +€3,383 | +106.9% |
| Amounts payable within one year | 42/48 | €3,165 | €6,548 | +€3,383 | +106.9% |
| Trade debts | 44 | - | €2,790 | +€2,790 | |
| Suppliers | 440/4 | - | €2,790 | +€2,790 | |
| Taxes, remuneration and social security | 45 | €165 | €1,261 | +€1,096 | +662.5% |
| Taxes | 450/3 | €165 | €1,261 | +€1,096 | +662.5% |
| Other amounts payable | 47/48 | €3,000 | €2,497 | -€503 | -16.8% |
| Non-recurring operating income | 76A | €24 | - | -€24 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €758 | €738 | -€20 | -2.6% |
| Other operating charges | 640/8 | €789 | €1,235 | +€446 | +56.5% |
| Gross operating margin | 9900 | €11,185 | €37,500 | +€26,316 | +235.3% |
| Operating profit (loss) | 9901 | €9,638 | €35,527 | +€25,889 | +268.6% |
| Financial income | 75/76B | €5 | €213 | +€209 | +4371.5% |
| Recurring financial income | 75 | €5 | €213 | +€209 | +4371.5% |
| Financial charges | 65/66B | €137 | €177 | +€40 | +29.3% |
| Recurring financial charges | 65 | €137 | €177 | +€40 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €9,506 | €35,563 | +€26,057 | +274.1% |
| Income taxes | 67/77 | €4,959 | €11,942 | +€6,983 | +140.8% |
| Profit (loss) for the period | 9904 | €4,547 | €23,622 | +€19,075 | +419.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,547 | €23,622 | +€19,075 | +419.5% |
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 6 October 2026 via checked.be.