L.J.B.: 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.J.B.
Largest movements
- Cash +€51,259
up €51,259 (+84.7%), from €60,521 to €111,780
mainly Stocks and contracts (+€32,081) and Net result for the year (+€20,863)
- Stocks and contracts -€32,081
down €32,081 (-6.2%), from €518,012 to €485,932
- Profit (loss) carried forward +€20,863
up €20,863 (+8.9%), from -€234,471 to -€213,608
- Gross operating margin +€7,138
up €7,138 (+49.2%), from €14,511 to €21,648
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 | €582,065 | €597,918 | +€15,853 | +2.7% |
| Current assets | 29/58 | €582,065 | €597,918 | +€15,853 | +2.7% |
| Stocks and contracts in progress | 3 | €518,012 | €485,932 | -€32,081 | -6.2% |
| Stocks | 30/36 | €518,012 | €485,932 | -€32,081 | -6.2% |
| Amounts receivable within one year | 40/41 | €1,375 | €70 | -€1,305 | -94.9% |
| Trade receivables | 40 | €1,314 | - | -€1,314 | |
| Other amounts receivable | 41 | €61 | €70 | +€9 | +14.6% |
| Cash at bank and in hand | 54/58 | €60,521 | €111,780 | +€51,259 | +84.7% |
| Deferred charges and accrued income | 490/1 | €2,157 | €137 | -€2,020 | -93.7% |
| Total equity and liabilities | 10/49 | €582,065 | €597,918 | +€15,853 | +2.7% |
| Equity | 10/15 | -€20,088 | €775 | +€20,863 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €114,383 | €114,383 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €104,383 | €104,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,471 | -€213,608 | +€20,863 | +8.9% |
| Amounts payable | 17/49 | €602,153 | €597,143 | -€5,010 | -0.8% |
| Amounts payable within one year | 42/48 | €602,153 | €597,143 | -€5,010 | -0.8% |
| Trade debts | 44 | €20,943 | €17,524 | -€3,420 | -16.3% |
| Suppliers | 440/4 | €20,943 | €17,524 | -€3,420 | -16.3% |
| Advances received on contracts in progress | 46 | €1,590 | - | -€1,590 | |
| Other amounts payable | 47/48 | €579,620 | €579,620 | = | 0.0% |
| Other operating charges | 640/8 | €705 | €720 | +€14 | +2.0% |
| Gross operating margin | 9900 | €14,511 | €21,648 | +€7,138 | +49.2% |
| Operating profit (loss) | 9901 | €13,805 | €20,929 | +€7,123 | +51.6% |
| Financial charges | 65/66B | €171 | €66 | -€105 | -61.6% |
| Recurring financial charges | 65 | €171 | €66 | -€105 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €13,634 | €20,863 | +€7,229 | +53.0% |
| Profit (loss) for the period | 9904 | €13,634 | €20,863 | +€7,229 | +53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,634 | €20,863 | +€7,229 | +53.0% |
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 14 October 2026 via checked.be.