L.B.L.: 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.L.
Largest movements
- Tangible fixed assets -€78,474
down €78,474 (-3.5%), from €2.2m to €2.2m
of which Land and buildings: -€75,092
- Cash -€38,424
down €38,424 (-86.6%), from €44,371 to €5,948
mainly Net result for the year (-€153,192) and Investment in fixed assets (net) (-€67,814)
- Profit (loss) carried forward -€153,192
down €153,192, from €119,981 to -€33,211
- Other debts +€123,676
up €123,676 (+1,600%), from €7,730 to €131,406
- Accrued charges and deferred income -€37,327
no longer reported in 2024 (was €37,327)
- Turnover -€150,473
no longer reported in 2024 (was €150,473)
- Purchases and services -€88,978
no longer reported in 2024 (was €88,978)
- Gross operating margin -€42,351
down €42,351 (-43.1%), from €98,369 to €56,018
- Depreciation -€20,308
down €20,308 (-12.2%), from €166,597 to €146,289
- Financial charges +€6,710
up €6,710 (+14.5%), from €46,266 to €52,976
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.
Derived cash bridge
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 | €2,336,548 | €2,232,843 | -€103,705 | -4.4% |
| Fixed assets | 21/28 | €2,238,583 | €2,160,109 | -€78,474 | -3.5% |
| Tangible fixed assets | 22/27 | €2,238,583 | €2,160,109 | -€78,474 | -3.5% |
| Land and buildings | 22 | €2,227,935 | €2,152,843 | -€75,092 | -3.4% |
| Plant, machinery and equipment | 23 | €6,805 | €5,294 | -€1,510 | -22.2% |
| Furniture and vehicles | 24 | €3,844 | €1,972 | -€1,872 | -48.7% |
| Current assets | 29/58 | €97,964 | €72,734 | -€25,230 | -25.8% |
| Amounts receivable within one year | 40/41 | €25,873 | €41,846 | +€15,973 | +61.7% |
| Trade receivables | 40 | €25,869 | €41,846 | +€15,977 | +61.8% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Current investments | 50/53 | €1,061 | €1,266 | +€205 | +19.3% |
| Cash at bank and in hand | 54/58 | €44,371 | €5,948 | -€38,424 | -86.6% |
| Deferred charges and accrued income | 490/1 | €26,659 | €23,674 | -€2,984 | -11.2% |
| Total equity and liabilities | 10/49 | €2,336,548 | €2,232,843 | -€103,705 | -4.4% |
| Equity | 10/15 | €140,441 | -€12,751 | -€153,192 | |
| 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 | €119,981 | -€33,211 | -€153,192 | |
| Amounts payable | 17/49 | €2,196,107 | €2,245,594 | +€49,487 | +2.3% |
| Amounts payable after more than one year | 17 | €1,175,929 | €1,166,724 | -€9,205 | -0.8% |
| Financial debts | 170/4 | €1,175,929 | €1,166,724 | -€9,205 | -0.8% |
| Amounts payable within one year | 42/48 | €982,851 | €1,078,870 | +€96,020 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €8,851 | €9,205 | +€354 | +4.0% |
| Financial debts | 43 | €924,508 | €924,508 | = | 0.0% |
| Credit institutions | 430/8 | €924,508 | €924,508 | = | 0.0% |
| Trade debts | 44 | €18,385 | €5,025 | -€13,360 | -72.7% |
| Suppliers | 440/4 | €18,385 | €5,025 | -€13,360 | -72.7% |
| Taxes, remuneration and social security | 45 | €23,377 | €8,727 | -€14,650 | -62.7% |
| Taxes | 450/3 | €23,377 | €8,727 | -€14,650 | -62.7% |
| Other amounts payable | 47/48 | €7,730 | €131,406 | +€123,676 | +1,600% |
| Accrued charges and deferred income | 492/3 | €37,327 | - | -€37,327 | |
| Turnover | 70 | €150,473 | - | -€150,473 | |
| Goods, raw materials, services and sundry goods | 60/61 | €88,978 | - | -€88,978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,597 | €146,289 | -€20,308 | -12.2% |
| Other operating charges | 640/8 | €11,428 | €9,458 | -€1,970 | -17.2% |
| Gross operating margin | 9900 | €98,369 | €56,018 | -€42,351 | -43.1% |
| Operating profit (loss) | 9901 | -€79,656 | -€99,728 | -€20,073 | -25.2% |
| Financial income | 75/76B | €41 | €198 | +€157 | +385% |
| Recurring financial income | 75 | €41 | €198 | +€157 | +385% |
| Financial charges | 65/66B | €46,266 | €52,976 | +€6,710 | +14.5% |
| Recurring financial charges | 65 | €46,266 | €52,976 | +€6,710 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | -€125,881 | -€152,507 | -€26,626 | -21.2% |
| Income taxes | 67/77 | €659 | €685 | +€26 | +3.9% |
| Profit (loss) for the period | 9904 | -€126,540 | -€153,192 | -€26,652 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€126,540 | -€153,192 | -€26,652 | -21.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.