LB: 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.
LB
Largest movements
- Receivables within one year +€22,916
up €22,916 (+51.5%), from €44,532 to €67,449
of which Trade receivables: +€12,587
- Tangible fixed assets -€6,259
down €6,259 (-74.0%), from €8,454 to €2,195
- Deferred charges and accrued income +€2,886
up €2,886 (+139%), from €2,075 to €4,961
- Other debts -€60,803
down €60,803 (-100%), from €60,803 to €0
- Reserves +€44,892
up €44,892 (+41.7%), from €107,695 to €152,587
- Trade debts +€31,906
up €31,906 (+160%), from €19,934 to €51,840
- Tax, wage and social debts +€2,602
up €2,602 (+126%), from €2,058 to €4,660
of which Remuneration and social security: +€3,330
- Staff costs +€41,193
up €41,193 (+167%), from €24,710 to €65,903
- Gross operating margin +€36,402
up €36,402 (+35.1%), from €103,693 to €140,095
- Other operating charges +€3,090
up €3,090 (+162%), from €1,909 to €4,999
- Taxes -€1,659
down €1,659 (-8.9%), from €18,728 to €17,069
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 | €196,689 | €215,404 | +€18,715 | +9.5% |
| Fixed assets | 21/28 | €8,454 | €2,195 | -€6,259 | -74.0% |
| Tangible fixed assets | 22/27 | €8,454 | €2,195 | -€6,259 | -74.0% |
| Furniture and vehicles | 24 | €8,454 | €2,195 | -€6,259 | -74.0% |
| Current assets | 29/58 | €188,235 | €213,209 | +€24,974 | +13.3% |
| Amounts receivable within one year | 40/41 | €44,532 | €67,449 | +€22,916 | +51.5% |
| Trade receivables | 40 | €44,027 | €56,614 | +€12,587 | +28.6% |
| Other amounts receivable | 41 | €505 | €10,835 | +€10,330 | +2,045% |
| Cash at bank and in hand | 54/58 | €141,628 | €140,799 | -€829 | -0.6% |
| Deferred charges and accrued income | 490/1 | €2,075 | €4,961 | +€2,886 | +139% |
| Total equity and liabilities | 10/49 | €196,689 | €215,404 | +€18,715 | +9.5% |
| Equity | 10/15 | €113,895 | €158,787 | +€44,892 | +39.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €107,695 | €152,587 | +€44,892 | +41.7% |
| Distributable reserves | 133 | €107,695 | €152,587 | +€44,892 | +41.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €82,794 | €56,617 | -€26,177 | -31.6% |
| Amounts payable within one year | 42/48 | €82,794 | €56,617 | -€26,177 | -31.6% |
| Financial debts | 43 | - | €118 | +€118 | |
| Other loans | 439 | - | €118 | +€118 | |
| Trade debts | 44 | €19,934 | €51,840 | +€31,906 | +160% |
| Suppliers | 440/4 | €19,934 | €51,840 | +€31,906 | +160% |
| Taxes, remuneration and social security | 45 | €2,058 | €4,660 | +€2,602 | +126% |
| Taxes | 450/3 | €728 | €0 | -€728 | -100% |
| Remuneration and social security | 454/9 | €1,330 | €4,660 | +€3,330 | +250% |
| Other amounts payable | 47/48 | €60,803 | €0 | -€60,803 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €24,710 | €65,903 | +€41,193 | +167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,259 | €6,259 | = | 0.0% |
| Other operating charges | 640/8 | €1,909 | €4,999 | +€3,090 | +162% |
| Non-recurring operating charges | 66A | €810 | €0 | -€810 | -100% |
| Gross operating margin | 9900 | €103,693 | €140,095 | +€36,402 | +35.1% |
| Operating profit (loss) | 9901 | €70,005 | €62,934 | -€7,071 | -10.1% |
| Financial income | 75/76B | €750 | €519 | -€231 | -30.8% |
| Recurring financial income | 75 | €750 | €519 | -€231 | -30.8% |
| Financial charges | 65/66B | €1,411 | €1,493 | +€82 | +5.8% |
| Recurring financial charges | 65 | €1,411 | €1,493 | +€82 | +5.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €69,344 | €61,960 | -€7,384 | -10.6% |
| Income taxes | 67/77 | €18,728 | €17,069 | -€1,659 | -8.9% |
| Profit (loss) for the period | 9904 | €50,616 | €44,892 | -€5,725 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,616 | €44,892 | -€5,725 | -11.3% |
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 19 October 2026 via checked.be.