LB CONSULT: 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 CONSULT
Largest movements
- Receivables within one year +€113,896
up €113,896 (+322%), from €35,348 to €149,244
of which Trade receivables: +€117,195
- Cash -€93,664
down €93,664 (-46.4%), from €202,015 to €108,351
mainly Receivables within one year (-€113,896) and Other debts (-€38,780)
- Stocks and contracts -€29,355
down €29,355 (-49.5%), from €59,350 to €29,995
- Reserves +€65,000
up €65,000 (+59.3%), from €109,537 to €174,537
- Other debts -€38,780
down €38,780 (-54.5%), from €71,167 to €32,387
- Trade debts -€15,926
down €15,926 (-42.1%), from €37,806 to €21,880
- Tax, wage and social debts -€14,259
down €14,259 (-31.0%), from €46,036 to €31,777
- Current portion of long-term debt -€6,446
down €6,446 (-43.8%), from €14,706 to €8,260
- Gross operating margin -€26,344
down €26,344 (-19.1%), from €138,221 to €111,877
- Financial charges +€2,546
up €2,546 (+49.0%), from €5,200 to €7,746
- Taxes -€2,540
down €2,540 (-8.2%), from €30,960 to €28,420
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 | €333,551 | €323,873 | -€9,678 | -2.9% |
| Fixed assets | 21/28 | €36,027 | €35,275 | -€753 | -2.1% |
| Tangible fixed assets | 22/27 | €19,915 | €19,607 | -€308 | -1.5% |
| Plant, machinery and equipment | 23 | €11,153 | €6,084 | -€5,070 | -45.5% |
| Furniture and vehicles | 24 | €8,762 | €7,596 | -€1,165 | -13.3% |
| Other tangible fixed assets | 26 | - | €5,927 | +€5,927 | |
| Financial fixed assets | 28 | €16,113 | €15,668 | -€445 | -2.8% |
| Current assets | 29/58 | €297,523 | €288,598 | -€8,925 | -3.0% |
| Stocks and contracts in progress | 3 | €59,350 | €29,995 | -€29,355 | -49.5% |
| Stocks | 30/36 | €59,350 | €29,995 | -€29,355 | -49.5% |
| Amounts receivable within one year | 40/41 | €35,348 | €149,244 | +€113,896 | +322% |
| Trade receivables | 40 | €24,608 | €141,803 | +€117,195 | +476% |
| Other amounts receivable | 41 | €10,740 | €7,441 | -€3,299 | -30.7% |
| Cash at bank and in hand | 54/58 | €202,015 | €108,351 | -€93,664 | -46.4% |
| Deferred charges and accrued income | 490/1 | €810 | €1,008 | +€198 | +24.4% |
| Total equity and liabilities | 10/49 | €333,551 | €323,873 | -€9,678 | -2.9% |
| Equity | 10/15 | €163,836 | €229,569 | +€65,733 | +40.1% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €109,537 | €174,537 | +€65,000 | +59.3% |
| Distributable reserves | 133 | €109,537 | €174,537 | +€65,000 | +59.3% |
| Profit (loss) carried forward | 14 | €5,699 | €6,431 | +€733 | +12.9% |
| Amounts payable | 17/49 | €169,715 | €94,304 | -€75,411 | -44.4% |
| Amounts payable within one year | 42/48 | €169,715 | €94,304 | -€75,411 | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €14,706 | €8,260 | -€6,446 | -43.8% |
| Trade debts | 44 | €37,806 | €21,880 | -€15,926 | -42.1% |
| Suppliers | 440/4 | €37,806 | €21,880 | -€15,926 | -42.1% |
| Taxes, remuneration and social security | 45 | €46,036 | €31,777 | -€14,259 | -31.0% |
| Taxes | 450/3 | €46,036 | €31,777 | -€14,259 | -31.0% |
| Other amounts payable | 47/48 | €71,167 | €32,387 | -€38,780 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,532 | €9,697 | +€165 | +1.7% |
| Other operating charges | 640/8 | €174 | €280 | +€106 | +61.0% |
| Gross operating margin | 9900 | €138,221 | €111,877 | -€26,344 | -19.1% |
| Operating profit (loss) | 9901 | €128,515 | €101,900 | -€26,615 | -20.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -95.8% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -95.8% |
| Financial charges | 65/66B | €5,200 | €7,746 | +€2,546 | +49.0% |
| Recurring financial charges | 65 | €5,200 | €7,746 | +€2,546 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €123,316 | €94,153 | -€29,163 | -23.6% |
| Income taxes | 67/77 | €30,960 | €28,420 | -€2,540 | -8.2% |
| Profit (loss) for the period | 9904 | €92,357 | €65,733 | -€26,624 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €92,357 | €65,733 | -€26,624 | -28.8% |
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.