LB FINANCE: 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.
What changed
LB FINANCE
NACE 66.191, Agents and brokers in banking services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€38,553
2024 · €1,258-€39,811
Equity
-€5,384
2024 · €33,169-€38,553
Cash
€372
2024 · €4,642-€4,270
Balance sheet total
€1.1m
2024 · €1.3m-€146,961
Largest movements
Assets
- Intangible fixed assets -€73,800
down €73,800 (-16.2%), from €454,641 to €380,841
- Tangible fixed assets -€50,542
down €50,542 (-8.0%), from €634,659 to €584,117
of which Furniture and vehicles: -€35,003
Equity and liabilities
- Debts after one year -€105,330
down €105,330 (-12.7%), from €831,455 to €726,125
- Profit (loss) carried forward -€38,553
new in 2025: -€38,553
- Trade debts +€13,007
up €13,007 (+183%), from €7,102 to €20,109
Income statement
- Financial charges +€19,627
up €19,627 (+82.6%), from €23,775 to €43,403
of which Non-recurring financial charges: +€21,618
- Staff costs +€17,596
up €17,596 (+3.2%), from €550,168 to €567,764
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.
Result 2024
€1,258
Gross operating margin
+€3,191
Staff costs
-€17,596
Depreciation
+€4,816
Other operating charges
+€754
Other operating items
-€15,753
Financial income
+€977
Financial charges
-€19,627
Taxes
+€3,428
Result 2025
-€38,553
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€81,136
Investment
+€19,833
Financing
-€105,239
Cash 2024
€4,642
From operations (derived)
+€81,136
Net result for the year
-€38,553
Depreciation
+€106,544
Receivables within one year
+€11,379
Deferred charges and accrued income
+€4,935
Trade debts
+€13,007
Tax, wage and social debts
-€8,597
Accrued charges and deferred income
-€7,579
Investment (derived)
+€19,833
Investment in fixed assets (net)
+€17,798
Current investments
+€2,035
Financing
-€105,239
Debts after one year
-€105,330
Current portion of long-term debt
+€91
Cash 2025
€372
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,258,459 | €1,111,498 | -€146,961 | -11.7% |
| Fixed assets | 21/28 | €1,089,300 | €964,958 | -€124,342 | -11.4% |
| Intangible fixed assets | 21 | €454,641 | €380,841 | -€73,800 | -16.2% |
| Tangible fixed assets | 22/27 | €634,659 | €584,117 | -€50,542 | -8.0% |
| Land and buildings | 22 | €538,082 | €522,543 | -€15,539 | -2.9% |
| Furniture and vehicles | 24 | €96,577 | €61,574 | -€35,003 | -36.2% |
| Current assets | 29/58 | €169,159 | €146,540 | -€22,619 | -13.4% |
| Amounts receivable after more than one year | 29 | €24,000 | €24,000 | = | 0.0% |
| Other amounts receivable | 291 | €24,000 | €24,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €108,118 | €96,740 | -€11,379 | -10.5% |
| Trade receivables | 40 | €63,243 | €76,699 | +€13,456 | +21.3% |
| Other amounts receivable | 41 | €44,875 | €20,040 | -€24,835 | -55.3% |
| Current investments | 50/53 | €2,535 | €500 | -€2,035 | -80.3% |
| Cash at bank and in hand | 54/58 | €4,642 | €372 | -€4,270 | -92.0% |
| Deferred charges and accrued income | 490/1 | €29,864 | €24,929 | -€4,935 | -16.5% |
| Total equity and liabilities | 10/49 | €1,258,459 | €1,111,498 | -€146,961 | -11.7% |
| Equity | 10/15 | €33,169 | -€5,384 | -€38,553 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,569 | €14,569 | = | 0.0% |
| Distributable reserves | 133 | €14,569 | €14,569 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€38,553 | -€38,553 | |
| Amounts payable | 17/49 | €1,225,290 | €1,116,882 | -€108,408 | -8.8% |
| Amounts payable after more than one year | 17 | €831,455 | €726,125 | -€105,330 | -12.7% |
| Financial debts | 170/4 | €831,455 | €726,125 | -€105,330 | -12.7% |
| Amounts payable within one year | 42/48 | €382,435 | €386,936 | +€4,501 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €110,516 | €110,607 | +€91 | +0.1% |
| Trade debts | 44 | €7,102 | €20,109 | +€13,007 | +183% |
| Suppliers | 440/4 | €7,102 | €20,109 | +€13,007 | +183% |
| Taxes, remuneration and social security | 45 | €264,817 | €256,220 | -€8,597 | -3.2% |
| Taxes | 450/3 | €136,850 | €56,163 | -€80,688 | -59.0% |
| Remuneration and social security | 454/9 | €127,967 | €200,058 | +€72,091 | +56.3% |
| Accrued charges and deferred income | 492/3 | €11,400 | €3,821 | -€7,579 | -66.5% |
| Remuneration, social security and pensions | 62 | €550,168 | €567,764 | +€17,596 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,360 | €106,544 | -€4,816 | -4.3% |
| Other operating charges | 640/8 | €4,052 | €3,298 | -€754 | -18.6% |
| Non-recurring operating charges | 66A | €3,800 | €19,553 | +€15,753 | +415% |
| Gross operating margin | 9900 | €698,131 | €701,321 | +€3,191 | +0.5% |
| Operating profit (loss) | 9901 | €28,751 | €4,162 | -€24,589 | -85.5% |
| Financial income | 75/76B | €2,598 | €3,574 | +€977 | +37.6% |
| Recurring financial income | 75 | €2,598 | €3,574 | +€977 | +37.6% |
| Financial charges | 65/66B | €23,775 | €43,403 | +€19,627 | +82.6% |
| Recurring financial charges | 65 | €23,775 | €21,784 | -€1,991 | -8.4% |
| Non-recurring financial charges | 66B | - | €21,618 | +€21,618 | |
| Profit (loss) for the period before taxes | 9903 | €7,573 | -€35,666 | -€43,239 | |
| Income taxes | 67/77 | €6,315 | €2,887 | -€3,428 | -54.3% |
| Profit (loss) for the period | 9904 | €1,258 | -€38,553 | -€39,811 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,258 | -€38,553 | -€39,811 |
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 26 October 2026 via checked.be.