L.B.M.: 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.M.
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€19,099
down €19,099 (-79.4%), from €24,044 to €4,944
- Reserves +€18,935
up €18,935 (+4.4%), from €430,569 to €449,504
- Short-term financial debts +€7,000
new in 2025: €7,000
- Gross operating margin +€4,397
up €4,397 (+14.1%), from €31,125 to €35,522
- Taxes +€2,934
up €2,934 (+46.1%), from €6,370 to €9,304
- Financial charges -€2,180
down €2,180 (-48.1%), from €4,536 to €2,356
- Depreciation -€507
down €507 (-28.1%), from €1,806 to €1,299
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 | €620,834 | €626,807 | +€5,974 | +1.0% |
| Fixed assets | 21/28 | €40,017 | €37,856 | -€2,161 | -5.4% |
| Tangible fixed assets | 22/27 | €40,017 | €37,856 | -€2,161 | -5.4% |
| Land and buildings | 22 | €37,184 | €37,184 | = | 0.0% |
| Plant, machinery and equipment | 23 | €910 | €0 | -€910 | -100% |
| Furniture and vehicles | 24 | €1,923 | €672 | -€1,251 | -65.1% |
| Current assets | 29/58 | €580,817 | €588,951 | +€8,134 | +1.4% |
| Amounts receivable within one year | 40/41 | €578,301 | €582,209 | +€3,909 | +0.7% |
| Trade receivables | 40 | - | €1,812 | +€1,812 | |
| Other amounts receivable | 41 | €578,301 | €580,397 | +€2,096 | +0.4% |
| Cash at bank and in hand | 54/58 | €2,328 | €6,719 | +€4,390 | +189% |
| Deferred charges and accrued income | 490/1 | €188 | €23 | -€165 | -87.5% |
| Total equity and liabilities | 10/49 | €620,834 | €626,807 | +€5,974 | +1.0% |
| Equity | 10/15 | €566,910 | €585,845 | +€18,935 | +3.3% |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €430,569 | €449,504 | +€18,935 | +4.4% |
| Distributable reserves | 133 | €430,569 | €449,504 | +€18,935 | +4.4% |
| Amounts payable | 17/49 | €53,924 | €40,962 | -€12,961 | -24.0% |
| Amounts payable after more than one year | 17 | €24,044 | €4,944 | -€19,099 | -79.4% |
| Financial debts | 170/4 | €24,044 | €4,944 | -€19,099 | -79.4% |
| Amounts payable within one year | 42/48 | €28,867 | €35,103 | +€6,236 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €18,060 | €19,099 | +€1,040 | +5.8% |
| Financial debts | 43 | - | €7,000 | +€7,000 | |
| Credit institutions | 430/8 | - | €7,000 | +€7,000 | |
| Trade debts | 44 | €853 | €303 | -€551 | -64.6% |
| Suppliers | 440/4 | €853 | €303 | -€551 | -64.6% |
| Taxes, remuneration and social security | 45 | €9,954 | €8,702 | -€1,252 | -12.6% |
| Taxes | 450/3 | €9,954 | €8,702 | -€1,252 | -12.6% |
| Accrued charges and deferred income | 492/3 | €1,013 | €915 | -€98 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,806 | €1,299 | -€507 | -28.1% |
| Other operating charges | 640/8 | €4,535 | €4,743 | +€208 | +4.6% |
| Gross operating margin | 9900 | €31,125 | €35,522 | +€4,397 | +14.1% |
| Operating profit (loss) | 9901 | €24,784 | €29,480 | +€4,696 | +18.9% |
| Financial income | 75/76B | €1,347 | €1,115 | -€232 | -17.2% |
| Recurring financial income | 75 | €1,347 | €1,115 | -€232 | -17.2% |
| Financial charges | 65/66B | €4,536 | €2,356 | -€2,180 | -48.1% |
| Recurring financial charges | 65 | €4,536 | €2,356 | -€2,180 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €21,595 | €28,239 | +€6,644 | +30.8% |
| Income taxes | 67/77 | €6,370 | €9,304 | +€2,934 | +46.1% |
| Profit (loss) for the period | 9904 | €15,225 | €18,935 | +€3,710 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,225 | €18,935 | +€3,710 | +24.4% |
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 17 October 2026 via checked.be.