LB DEVELOPPEMENT: 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 DEVELOPPEMENT
Largest movements
- Tangible fixed assets -€11,068
down €11,068 (-43.1%), from €25,673 to €14,605
of which Leasing and similar rights: -€8,341
- Receivables within one year -€7,057
down €7,057 (-42.2%), from €16,713 to €9,656
of which Trade receivables: -€8,564
- Deferred charges and accrued income -€4,160
down €4,160 (-81.3%), from €5,116 to €956
- Cash -€3,058
down €3,058 (-77.2%), from €3,963 to €905
mainly Trade debts (-€11,401) and Debts after one year (-€7,400)
- Trade debts -€11,401
down €11,401 (-38.7%), from €29,448 to €18,048
- Debts after one year -€7,400
down €7,400 (-100.0%), from €7,400 to €0
- Advances received -€3,655
down €3,655 (-97.4%), from €3,753 to €98
- Profit (loss) carried forward -€2,112
down €2,112 (-2.9%), from -€71,776 to -€73,888
- Other debts -€1,238
down €1,238 (-2.0%), from €62,402 to €61,164
- Gross operating margin -€12,544
down €12,544 (-21.2%), from €59,178 to €46,634
- Staff costs -€7,293
down €7,293 (-16.6%), from €43,946 to €36,654
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 | €53,889 | €28,123 | -€25,767 | -47.8% |
| Fixed assets | 21/28 | €25,673 | €14,605 | -€11,068 | -43.1% |
| Tangible fixed assets | 22/27 | €25,673 | €14,605 | -€11,068 | -43.1% |
| Furniture and vehicles | 24 | €3,843 | €1,931 | -€1,912 | -49.8% |
| Leasing and similar rights | 25 | €16,193 | €7,853 | -€8,341 | -51.5% |
| Other tangible fixed assets | 26 | €5,636 | €4,821 | -€815 | -14.5% |
| Current assets | 29/58 | €28,217 | €13,518 | -€14,698 | -52.1% |
| Stocks and contracts in progress | 3 | €2,425 | €2,001 | -€424 | -17.5% |
| Stocks | 30/36 | €2,425 | €2,001 | -€424 | -17.5% |
| Amounts receivable within one year | 40/41 | €16,713 | €9,656 | -€7,057 | -42.2% |
| Trade receivables | 40 | €15,873 | €7,310 | -€8,564 | -54.0% |
| Other amounts receivable | 41 | €840 | €2,347 | +€1,507 | +179.5% |
| Cash at bank and in hand | 54/58 | €3,963 | €905 | -€3,058 | -77.2% |
| Deferred charges and accrued income | 490/1 | €5,116 | €956 | -€4,160 | -81.3% |
| Total equity and liabilities | 10/49 | €53,889 | €28,123 | -€25,767 | -47.8% |
| Equity | 10/15 | -€61,776 | -€63,888 | -€2,112 | -3.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,776 | -€73,888 | -€2,112 | -2.9% |
| Amounts payable | 17/49 | €115,665 | €92,011 | -€23,654 | -20.5% |
| Amounts payable after more than one year | 17 | €7,400 | €0 | -€7,400 | -100.0% |
| Financial debts | 170/4 | €7,400 | €0 | -€7,400 | -100.0% |
| Amounts payable within one year | 42/48 | €108,266 | €91,735 | -€16,531 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €6,419 | €7,400 | +€981 | +15.3% |
| Trade debts | 44 | €29,448 | €18,048 | -€11,401 | -38.7% |
| Suppliers | 440/4 | €29,448 | €18,048 | -€11,401 | -38.7% |
| Advances received on contracts in progress | 46 | €3,753 | €98 | -€3,655 | -97.4% |
| Taxes, remuneration and social security | 45 | €6,243 | €5,026 | -€1,217 | -19.5% |
| Remuneration and social security | 454/9 | €6,243 | €5,026 | -€1,217 | -19.5% |
| Other amounts payable | 47/48 | €62,402 | €61,164 | -€1,238 | -2.0% |
| Accrued charges and deferred income | 492/3 | - | €276 | +€276 | |
| Remuneration, social security and pensions | 62 | €43,946 | €36,654 | -€7,293 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,282 | €11,068 | -€214 | -1.9% |
| Other operating charges | 640/8 | €738 | €759 | +€21 | +2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €59,178 | €46,634 | -€12,544 | -21.2% |
| Operating profit (loss) | 9901 | €3,211 | -€1,846 | -€5,058 | |
| Financial income | 75/76B | €17 | €472 | +€456 | +2739.1% |
| Recurring financial income | 75 | €17 | €472 | +€456 | +2739.1% |
| Financial charges | 65/66B | €1,152 | €738 | -€414 | -36.0% |
| Recurring financial charges | 65 | €1,152 | €738 | -€414 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €2,076 | -€2,112 | -€4,188 | |
| Profit (loss) for the period | 9904 | €2,076 | -€2,112 | -€4,188 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,076 | -€2,112 | -€4,188 |
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 12 October 2026 via checked.be.