L.B.T.: 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.T.
Largest movements
- Receivables within one year +€17,548
up €17,548 (+49.8%), from €35,205 to €52,753
of which Other amounts receivable: +€18,287
- Cash +€17,455
up €17,455 (+2977.1%), from €586 to €18,041
mainly Net result for the year (+€21,837) and Tax, wage and social debts (+€8,742)
- Profit (loss) carried forward +€21,837
up €21,837 (+75.6%), from €28,877 to €50,714
- Tax, wage and social debts +€8,742
up €8,742 (+1087.6%), from €804 to €9,546
- Trade debts +€4,008
up €4,008 (+1242.9%), from €322 to €4,330
- Gross operating margin +€12,476
up €12,476 (+65.5%), from €19,061 to €31,537
- Taxes +€4,421
up €4,421 (+101.3%), from €4,364 to €8,785
- Financial charges +€2,225
up €2,225 (+1070.3%), from €208 to €2,432
- Financial income +€349
up €349 (+19.5%), from €1,792 to €2,141
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,885 | €71,471 | +€34,586 | +93.8% |
| Fixed assets | 21/28 | €31 | - | -€31 | |
| Tangible fixed assets | 22/27 | €31 | - | -€31 | |
| Furniture and vehicles | 24 | €31 | - | -€31 | |
| Current assets | 29/58 | €36,854 | €71,471 | +€34,617 | +93.9% |
| Amounts receivable after more than one year | 29 | €200 | €200 | = | 0.0% |
| Other amounts receivable | 291 | €200 | €200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,205 | €52,753 | +€17,548 | +49.8% |
| Trade receivables | 40 | €3,379 | €2,640 | -€739 | -21.9% |
| Other amounts receivable | 41 | €31,826 | €50,113 | +€18,287 | +57.5% |
| Cash at bank and in hand | 54/58 | €586 | €18,041 | +€17,455 | +2977.1% |
| Deferred charges and accrued income | 490/1 | €863 | €478 | -€385 | -44.6% |
| Total equity and liabilities | 10/49 | €36,885 | €71,471 | +€34,586 | +93.8% |
| Equity | 10/15 | €35,759 | €57,595 | +€21,837 | +61.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €682 | €682 | = | 0.0% |
| Distributable reserves | 133 | €682 | €682 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,877 | €50,714 | +€21,837 | +75.6% |
| Amounts payable | 17/49 | €1,126 | €13,876 | +€12,750 | +1132.1% |
| Amounts payable within one year | 42/48 | €1,126 | €13,876 | +€12,750 | +1132.1% |
| Trade debts | 44 | €322 | €4,330 | +€4,008 | +1242.9% |
| Suppliers | 440/4 | €322 | €4,330 | +€4,008 | +1242.9% |
| Taxes, remuneration and social security | 45 | €804 | €9,546 | +€8,742 | +1087.6% |
| Taxes | 450/3 | €804 | €9,546 | +€8,742 | +1087.6% |
| Non-recurring operating income | 76A | €15,083 | - | -€15,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290 | €31 | -€259 | -89.3% |
| Other operating charges | 640/8 | €650 | €593 | -€57 | -8.8% |
| Gross operating margin | 9900 | €19,061 | €31,537 | +€12,476 | +65.5% |
| Operating profit (loss) | 9901 | €18,121 | €30,913 | +€12,792 | +70.6% |
| Financial income | 75/76B | €1,792 | €2,141 | +€349 | +19.5% |
| Recurring financial income | 75 | €1,792 | €2,141 | +€349 | +19.5% |
| Financial charges | 65/66B | €208 | €2,432 | +€2,225 | +1070.3% |
| Recurring financial charges | 65 | €208 | €2,432 | +€2,225 | +1070.3% |
| Profit (loss) for the period before taxes | 9903 | €19,705 | €30,621 | +€10,916 | +55.4% |
| Income taxes | 67/77 | €4,364 | €8,785 | +€4,421 | +101.3% |
| Profit (loss) for the period | 9904 | €15,341 | €21,837 | +€6,495 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,341 | €21,837 | +€6,495 | +42.3% |
Source: filed annual accounts (NBB), financial years ended 1 January 2025 and 1 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.