LB: 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.
LB
Largest movements
- Cash -€46,990
down €46,990 (-84.0%), from €55,961 to €8,971
mainly Receivables within one year (-€44,288) and Trade debts (-€16,816)
- Receivables within one year +€44,288
up €44,288 (+98.8%), from €44,814 to €89,101
of which Trade receivables: +€43,230
- Stocks and contracts +€3,302
up €3,302 (+3.0%), from €109,040 to €112,342
- Trade debts -€16,816
down €16,816 (-33.7%), from €49,879 to €33,063
- Other debts +€9,274
up €9,274 (+9.3%), from €100,000 to €109,274
- Profit (loss) carried forward +€8,221
up €8,221 (+15.0%), from €54,860 to €63,081
- Gross operating margin -€9,242
down €9,242 (-41.4%), from €22,324 to €13,082
- Taxes -€1,780
down €1,780 (-44.4%), from €4,011 to €2,232
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,750 | €212,650 | -€1,100 | -0.5% |
| Fixed assets | 21/28 | €3,936 | €2,236 | -€1,700 | -43.2% |
| Tangible fixed assets | 22/27 | €3,936 | €2,236 | -€1,700 | -43.2% |
| Furniture and vehicles | 24 | €3,936 | €2,236 | -€1,700 | -43.2% |
| Current assets | 29/58 | €209,815 | €210,414 | +€600 | +0.3% |
| Stocks and contracts in progress | 3 | €109,040 | €112,342 | +€3,302 | +3.0% |
| Stocks | 30/36 | €109,040 | €112,342 | +€3,302 | +3.0% |
| Amounts receivable within one year | 40/41 | €44,814 | €89,101 | +€44,288 | +98.8% |
| Trade receivables | 40 | €42,994 | €86,223 | +€43,230 | +100.5% |
| Other amounts receivable | 41 | €1,820 | €2,878 | +€1,058 | +58.1% |
| Cash at bank and in hand | 54/58 | €55,961 | €8,971 | -€46,990 | -84.0% |
| Total equity and liabilities | 10/49 | €213,750 | €212,650 | -€1,100 | -0.5% |
| Equity | 10/15 | €59,860 | €68,081 | +€8,221 | +13.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,860 | €63,081 | +€8,221 | +15.0% |
| Amounts payable | 17/49 | €153,891 | €144,569 | -€9,322 | -6.1% |
| Amounts payable within one year | 42/48 | €153,891 | €144,569 | -€9,322 | -6.1% |
| Trade debts | 44 | €49,879 | €33,063 | -€16,816 | -33.7% |
| Suppliers | 440/4 | €49,879 | €33,063 | -€16,816 | -33.7% |
| Taxes, remuneration and social security | 45 | €4,011 | €2,232 | -€1,780 | -44.4% |
| Taxes | 450/3 | €4,011 | €2,232 | -€1,780 | -44.4% |
| Other amounts payable | 47/48 | €100,000 | €109,274 | +€9,274 | +9.3% |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €1,700 | = | 0.0% |
| Other operating charges | 640/8 | €619 | €620 | +€1 | +0.1% |
| Gross operating margin | 9900 | €22,324 | €13,082 | -€9,242 | -41.4% |
| Operating profit (loss) | 9901 | €20,005 | €10,762 | -€9,243 | -46.2% |
| Financial charges | 65/66B | €130 | €309 | +€179 | +138.2% |
| Recurring financial charges | 65 | €130 | €309 | +€179 | +138.2% |
| Profit (loss) for the period before taxes | 9903 | €19,875 | €10,453 | -€9,422 | -47.4% |
| Income taxes | 67/77 | €4,011 | €2,232 | -€1,780 | -44.4% |
| Profit (loss) for the period | 9904 | €15,864 | €8,221 | -€7,643 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,864 | €8,221 | -€7,643 | -48.2% |
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 6 October 2026 via checked.be.