L.B.M.G.: 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.G.
Largest movements
- Receivables within one year -€9,683
down €9,683 (-39.9%), from €24,240 to €14,557
of which Trade receivables: -€9,545
- Tangible fixed assets -€5,592
down €5,592 (-34.9%), from €16,010 to €10,418
of which Furniture and vehicles: -€2,890
- Cash +€4,240
up €4,240 (+28.5%), from €14,898 to €19,138
mainly Net result for the year (+€16,402) and Tax, wage and social debts (+€11,986)
- Intangible fixed assets -€1,147
no longer reported in 2025 (was €1,147)
- Other debts -€24,181
down €24,181 (-81.1%), from €29,827 to €5,647
- Profit (loss) carried forward +€16,402
up €16,402, from -€3,688 to €12,714
- Trade debts -€16,383
down €16,383 (-77.3%), from €21,204 to €4,822
- Tax, wage and social debts +€11,986
up €11,986 (+437%), from €2,745 to €14,731
- Gross operating margin +€20,444
up €20,444 (+117%), from €17,523 to €37,967
- Taxes +€11,096
up €11,096 (+481%), from €2,308 to €13,403
- Financial charges -€2,267
down €2,267 (-76.2%), from €2,975 to €707
- Other operating charges -€1,566
down €1,566 (-68.6%), from €2,281 to €715
- Depreciation -€1,386
down €1,386 (-17.1%), from €8,125 to €6,739
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 | €56,295 | €44,114 | -€12,182 | -21.6% |
| Fixed assets | 21/28 | €17,157 | €10,418 | -€6,739 | -39.3% |
| Intangible fixed assets | 21 | €1,147 | - | -€1,147 | |
| Tangible fixed assets | 22/27 | €16,010 | €10,418 | -€5,592 | -34.9% |
| Land and buildings | 22 | €2,473 | €2,145 | -€328 | -13.3% |
| Plant, machinery and equipment | 23 | €7,053 | €4,680 | -€2,373 | -33.6% |
| Furniture and vehicles | 24 | €6,484 | €3,594 | -€2,890 | -44.6% |
| Current assets | 29/58 | €39,138 | €33,695 | -€5,443 | -13.9% |
| Amounts receivable within one year | 40/41 | €24,240 | €14,557 | -€9,683 | -39.9% |
| Trade receivables | 40 | €22,100 | €12,555 | -€9,545 | -43.2% |
| Other amounts receivable | 41 | €2,140 | €2,003 | -€138 | -6.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,898 | €19,138 | +€4,240 | +28.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €56,295 | €44,114 | -€12,182 | -21.6% |
| Equity | 10/15 | €2,512 | €18,914 | +€16,402 | +653% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,688 | €12,714 | +€16,402 | |
| Amounts payable | 17/49 | €53,783 | €25,199 | -€28,584 | -53.1% |
| Amounts payable within one year | 42/48 | €53,783 | €25,199 | -€28,584 | -53.1% |
| Financial debts | 43 | €6 | - | -€6 | |
| Credit institutions | 430/8 | €6 | - | -€6 | |
| Trade debts | 44 | €21,204 | €4,822 | -€16,383 | -77.3% |
| Suppliers | 440/4 | €21,204 | €4,822 | -€16,383 | -77.3% |
| Taxes, remuneration and social security | 45 | €2,745 | €14,731 | +€11,986 | +437% |
| Taxes | 450/3 | €2,745 | €14,731 | +€11,986 | +437% |
| Other amounts payable | 47/48 | €29,827 | €5,647 | -€24,181 | -81.1% |
| Non-recurring operating income | 76A | - | €1,033 | +€1,033 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,125 | €6,739 | -€1,386 | -17.1% |
| Other operating charges | 640/8 | €2,281 | €715 | -€1,566 | -68.6% |
| Gross operating margin | 9900 | €17,523 | €37,967 | +€20,444 | +117% |
| Operating profit (loss) | 9901 | €7,117 | €30,513 | +€23,396 | +329% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,975 | €707 | -€2,267 | -76.2% |
| Recurring financial charges | 65 | €2,975 | €707 | -€2,267 | -76.2% |
| Profit (loss) for the period before taxes | 9903 | €4,144 | €29,805 | +€25,662 | +619% |
| Income taxes | 67/77 | €2,308 | €13,403 | +€11,096 | +481% |
| Profit (loss) for the period | 9904 | €1,836 | €16,402 | +€14,566 | +793% |
| Profit (loss) for the period to be appropriated | 9905 | €1,836 | €16,402 | +€14,566 | +793% |
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 30 October 2026 via checked.be.