L.J.B.: 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.
What changed
L.J.B.
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€31,301
2024 · €24,131+€7,170
Equity
€767,454
2024 · €736,153+€31,301
Cash
€337,069
2024 · €299,568+€37,501
Balance sheet total
€874,777
2024 · €870,989+€3,788
Largest movements
Assets
- Tangible fixed assets -€40,898
down €40,898 (-8.5%), from €483,876 to €442,977
of which Land and buildings: -€39,991
- Cash +€37,501
up €37,501 (+12.5%), from €299,568 to €337,069
mainly Depreciation (+€40,898) and Net result for the year (+€31,301)
Equity and liabilities
- Debts after one year -€37,590
down €37,590 (-43.0%), from €87,385 to €49,795
- Profit (loss) carried forward +€31,573
up €31,573 (+32.4%), from €97,480 to €129,052
Income statement
- Financial charges -€13,811
down €13,811 (-97.9%), from €14,107 to €296
- Provisions +€3,360
new in 2025: €3,360
- Gross operating margin -€3,239
down €3,239 (-3.1%), from €103,997 to €100,759
- Taxes -€2,935
down €2,935 (-19.6%), from €14,962 to €12,026
- Financial income -€2,215
down €2,215 (-32.5%), from €6,820 to €4,605
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.
Result 2024
€24,131
Gross operating margin
-€3,239
Depreciation
+€753
Write-downs
-€1,073
Provisions
-€3,360
Other operating charges
-€443
Financial income
-€2,215
Financial charges
+€13,811
Taxes
+€2,935
Result 2025
€31,301
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.
From operations
+€75,380
Investment
-€289
Financing
-€37,590
Cash 2024
€299,568
From operations (derived)
+€75,380
Net result for the year
+€31,301
Depreciation
+€40,898
Receivables within one year
-€6,402
Deferred charges and accrued income
-€495
Provisions
+€2,298
Trade debts
+€1,444
Tax, wage and social debts
+€7,310
Advances received
-€975
Investment (derived)
-€289
Investment in fixed assets (net)
-€125
Current investments
-€164
Financing
-€37,590
Debts after one year
-€37,590
Cash 2025
€337,069
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €870,989 | €874,777 | +€3,788 | +0.4% |
| Fixed assets | 21/28 | €483,876 | €443,102 | -€40,773 | -8.4% |
| Tangible fixed assets | 22/27 | €483,876 | €442,977 | -€40,898 | -8.5% |
| Land and buildings | 22 | €482,935 | €442,944 | -€39,991 | -8.3% |
| Plant, machinery and equipment | 23 | €376 | €33 | -€344 | -91.2% |
| Furniture and vehicles | 24 | €564 | €0 | -€564 | -100.0% |
| Financial fixed assets | 28 | - | €125 | +€125 | |
| Current assets | 29/58 | €387,113 | €431,674 | +€44,561 | +11.5% |
| Amounts receivable within one year | 40/41 | €71,855 | €78,257 | +€6,402 | +8.9% |
| Trade receivables | 40 | €10,589 | €2,296 | -€8,293 | -78.3% |
| Other amounts receivable | 41 | €61,266 | €75,961 | +€14,695 | +24.0% |
| Current investments | 50/53 | €6,688 | €6,851 | +€164 | +2.4% |
| Cash at bank and in hand | 54/58 | €299,568 | €337,069 | +€37,501 | +12.5% |
| Deferred charges and accrued income | 490/1 | €9,002 | €9,497 | +€495 | +5.5% |
| Total equity and liabilities | 10/49 | €870,989 | €874,777 | +€3,788 | +0.4% |
| Equity | 10/15 | €736,153 | €767,454 | +€31,301 | +4.3% |
| Contributions | 10/11 | €616,015 | €616,015 | = | 0.0% |
| Capital | 10 | €616,015 | €616,015 | = | 0.0% |
| Issued capital | 100 | €616,015 | €616,015 | = | 0.0% |
| Reserves | 13 | €22,658 | €22,386 | -€272 | -1.2% |
| Non-distributable reserves | 130/1 | €3,752 | €5,414 | +€1,662 | +44.3% |
| Legal reserve | 130 | €3,752 | €5,414 | +€1,662 | +44.3% |
| Tax-exempt reserves | 132 | €18,906 | €16,973 | -€1,934 | -10.2% |
| Profit (loss) carried forward | 14 | €97,480 | €129,052 | +€31,573 | +32.4% |
| Provisions and deferred taxes | 16 | €25,326 | €27,625 | +€2,298 | +9.1% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €18,360 | +€3,360 | +22.4% |
| Other liabilities and charges | 164/5 | €15,000 | €18,360 | +€3,360 | +22.4% |
| Deferred taxes | 168 | €10,326 | €9,265 | -€1,062 | -10.3% |
| Amounts payable | 17/49 | €109,509 | €79,698 | -€29,811 | -27.2% |
| Amounts payable after more than one year | 17 | €87,385 | €49,795 | -€37,590 | -43.0% |
| Other amounts payable | 178/9 | €87,385 | €49,795 | -€37,590 | -43.0% |
| Amounts payable within one year | 42/48 | €22,124 | €29,903 | +€7,779 | +35.2% |
| Trade debts | 44 | €2,127 | €3,571 | +€1,444 | +67.9% |
| Suppliers | 440/4 | €2,127 | €3,571 | +€1,444 | +67.9% |
| Advances received on contracts in progress | 46 | €975 | - | -€975 | |
| Taxes, remuneration and social security | 45 | €19,023 | €26,332 | +€7,310 | +38.4% |
| Taxes | 450/3 | €19,023 | €26,332 | +€7,310 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,652 | €40,898 | -€753 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,073 | - | +€1,073 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €3,360 | +€3,360 | |
| Other operating charges | 640/8 | €18,101 | €18,544 | +€443 | +2.4% |
| Gross operating margin | 9900 | €103,997 | €100,759 | -€3,239 | -3.1% |
| Operating profit (loss) | 9901 | €45,317 | €37,956 | -€7,361 | -16.2% |
| Financial income | 75/76B | €6,820 | €4,605 | -€2,215 | -32.5% |
| Recurring financial income | 75 | €6,820 | €4,605 | -€2,215 | -32.5% |
| Financial charges | 65/66B | €14,107 | €296 | -€13,811 | -97.9% |
| Recurring financial charges | 65 | €14,107 | €296 | -€13,811 | -97.9% |
| Profit (loss) for the period before taxes | 9903 | €38,031 | €42,265 | +€4,235 | +11.1% |
| Transfer from deferred taxes | 780 | €1,062 | €1,062 | = | 0.0% |
| Income taxes | 67/77 | €14,962 | €12,026 | -€2,935 | -19.6% |
| Profit (loss) for the period | 9904 | €24,131 | €31,301 | +€7,170 | +29.7% |
| Transfer from tax-exempt reserves | 789 | €1,934 | €1,934 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,064 | €33,234 | +€7,170 | +27.5% |
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 4 October 2026 via checked.be.