L.B.I.: 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.I.
Largest movements
- Cash -€382,254
down €382,254 (-96.1%), from €397,773 to €15,519
mainly Receivables within one year (-€262,029) and Short-term financial debts (-€185,665)
- Receivables within one year +€262,029
up €262,029 (+53.2%), from €492,623 to €754,653
of which Other amounts receivable: +€457,499
- Tangible fixed assets -€95,645
down €95,645 (-19.5%), from €489,507 to €393,862
of which Leasing and similar rights: -€68,825
- Short-term financial debts -€185,665
down €185,665 (-75.0%), from €247,561 to €61,897
- Debts after one year -€78,453
down €78,453 (-54.2%), from €144,700 to €66,247
- Tax, wage and social debts +€57,888
up €57,888 (+24.3%), from €238,208 to €296,096
of which Taxes: +€67,948
- Turnover -€351,554
down €351,554 (-10.3%), from €3.4m to €3.1m
- Staff costs -€242,212
down €242,212 (-9.2%), from €2.6m to €2.4m
- Services and other goods -€95,898
down €95,898 (-17.5%), from €547,250 to €451,353
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 | €1,383,923 | €1,168,063 | -€215,861 | -15.6% |
| Fixed assets | 21/28 | €489,507 | €393,862 | -€95,645 | -19.5% |
| Tangible fixed assets | 22/27 | €489,507 | €393,862 | -€95,645 | -19.5% |
| Plant, machinery and equipment | 23 | €119,603 | €98,339 | -€21,264 | -17.8% |
| Furniture and vehicles | 24 | €1,974 | €4,224 | +€2,250 | +114.0% |
| Leasing and similar rights | 25 | €334,803 | €265,978 | -€68,825 | -20.6% |
| Other tangible fixed assets | 26 | €33,127 | €25,321 | -€7,806 | -23.6% |
| Current assets | 29/58 | €894,417 | €774,201 | -€120,216 | -13.4% |
| Amounts receivable within one year | 40/41 | €492,623 | €754,653 | +€262,029 | +53.2% |
| Trade receivables | 40 | €480,799 | €285,330 | -€195,469 | -40.7% |
| Other amounts receivable | 41 | €11,824 | €469,323 | +€457,499 | +3869.3% |
| Cash at bank and in hand | 54/58 | €397,773 | €15,519 | -€382,254 | -96.1% |
| Deferred charges and accrued income | 490/1 | €4,020 | €4,029 | +€9 | +0.2% |
| Total equity and liabilities | 10/49 | €1,383,923 | €1,168,063 | -€215,861 | -15.6% |
| Equity | 10/15 | €630,004 | €622,795 | -€7,209 | -1.1% |
| Contributions | 10/11 | €530,000 | €530,000 | = | 0.0% |
| Capital | 10 | €530,000 | €530,000 | = | 0.0% |
| Issued capital | 100 | €530,000 | €530,000 | = | 0.0% |
| Reserves | 13 | €54,617 | €54,617 | = | 0.0% |
| Non-distributable reserves | 130/1 | €53,000 | €53,000 | = | 0.0% |
| Legal reserve | 130 | €53,000 | €53,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,617 | €1,617 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,387 | €38,178 | -€7,209 | -15.9% |
| Amounts payable | 17/49 | €753,919 | €545,267 | -€208,652 | -27.7% |
| Amounts payable after more than one year | 17 | €144,700 | €66,247 | -€78,453 | -54.2% |
| Financial debts | 170/4 | €144,700 | €66,247 | -€78,453 | -54.2% |
| Leasing and similar obligations | 172 | €100,686 | €36,584 | -€64,103 | -63.7% |
| Credit institutions | 173 | €44,014 | €29,663 | -€14,351 | -32.6% |
| Amounts payable within one year | 42/48 | €609,219 | €479,021 | -€130,199 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €77,731 | €78,453 | +€722 | +0.9% |
| Financial debts | 43 | €247,561 | €61,897 | -€185,665 | -75.0% |
| Credit institutions | 430/8 | €247,561 | €61,897 | -€185,665 | -75.0% |
| Trade debts | 44 | €45,719 | €42,574 | -€3,144 | -6.9% |
| Suppliers | 440/4 | €45,719 | €42,574 | -€3,144 | -6.9% |
| Taxes, remuneration and social security | 45 | €238,208 | €296,096 | +€57,888 | +24.3% |
| Taxes | 450/3 | - | €67,948 | +€67,948 | |
| Remuneration and social security | 454/9 | €238,208 | €228,148 | -€10,060 | -4.2% |
| Operating income | 70/76A | €3,455,971 | €3,088,038 | -€367,933 | -10.6% |
| Turnover | 70 | €3,422,178 | €3,070,624 | -€351,554 | -10.3% |
| Other operating income | 74 | €33,793 | €17,414 | -€16,379 | -48.5% |
| Operating charges | 60/66A | €3,432,816 | €3,092,654 | -€340,162 | -9.9% |
| Goods for resale, raw materials and consumables | 60 | €124,644 | €129,981 | +€5,337 | +4.3% |
| Purchases | 600/8 | €124,644 | €129,981 | +€5,337 | +4.3% |
| Services and other goods | 61 | €547,250 | €451,353 | -€95,898 | -17.5% |
| Remuneration, social security and pensions | 62 | €2,638,667 | €2,396,455 | -€242,212 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,809 | €113,366 | -€7,444 | -6.2% |
| Other operating charges | 640/8 | €1,445 | €1,499 | +€54 | +3.8% |
| Operating profit (loss) | 9901 | €23,156 | -€4,615 | -€27,771 | |
| Financial income | 75/76B | €2,678 | €9,177 | +€6,499 | +242.7% |
| Recurring financial income | 75 | €2,678 | €9,177 | +€6,499 | +242.7% |
| Income from current assets | 751 | €2,678 | €9,177 | +€6,499 | +242.7% |
| Financial charges | 65/66B | €13,527 | €11,770 | -€1,757 | -13.0% |
| Recurring financial charges | 65 | €13,527 | €11,770 | -€1,757 | -13.0% |
| Debt charges | 650 | €12,721 | €11,057 | -€1,664 | -13.1% |
| Other financial charges | 652/9 | €806 | €713 | -€92 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €12,306 | -€7,209 | -€19,515 | |
| Profit (loss) for the period | 9904 | €12,306 | -€7,209 | -€19,515 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,306 | -€7,209 | -€19,515 |
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 5 October 2026 via checked.be.