LB GROUP: 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 GROUP
Largest movements
- Tangible fixed assets -€13,852
down €13,852 (-12.6%), from €110,009 to €96,157
of which Land and buildings: -€9,029
- Receivables within one year +€2,025
up €2,025, from €0 to €2,025
- Debts after one year -€14,385
down €14,385 (-59.0%), from €24,375 to €9,989
- Reserves +€4,765
up €4,765 (+24.9%), from €19,141 to €23,907
of which Distributable reserves: +€4,765
- Other debts -€4,250
down €4,250 (-15.1%), from €28,077 to €23,827
- Tax, wage and social debts +€1,306
up €1,306 (+24.1%), from €5,413 to €6,719
- Gross operating margin +€4,619
up €4,619 (+21.5%), from €21,495 to €26,114
- Other operating charges +€1,931
up €1,931 (+188.4%), from €1,025 to €2,956
- Taxes +€1,700
up €1,700 (+206.9%), from €822 to €2,522
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 | €111,008 | €98,309 | -€12,698 | -11.4% |
| Fixed assets | 21/28 | €110,009 | €96,157 | -€13,852 | -12.6% |
| Tangible fixed assets | 22/27 | €110,009 | €96,157 | -€13,852 | -12.6% |
| Land and buildings | 22 | €72,082 | €63,052 | -€9,029 | -12.5% |
| Furniture and vehicles | 24 | €93 | - | -€93 | |
| Assets under construction and advance payments | 27 | €37,834 | €33,105 | -€4,729 | -12.5% |
| Current assets | 29/58 | €999 | €2,152 | +€1,153 | +115.5% |
| Amounts receivable within one year | 40/41 | €0 | €2,025 | +€2,025 | |
| Trade receivables | 40 | €0 | €2,025 | +€2,025 | |
| Cash at bank and in hand | 54/58 | €999 | €127 | -€872 | -87.3% |
| Total equity and liabilities | 10/49 | €111,008 | €98,309 | -€12,698 | -11.4% |
| Equity | 10/15 | €37,733 | €42,499 | +€4,765 | +12.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €19,141 | €23,907 | +€4,765 | +24.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,281 | €22,047 | +€4,765 | +27.6% |
| Amounts payable | 17/49 | €73,274 | €55,811 | -€17,464 | -23.8% |
| Amounts payable after more than one year | 17 | €24,375 | €9,989 | -€14,385 | -59.0% |
| Financial debts | 170/4 | €24,375 | €9,989 | -€14,385 | -59.0% |
| Amounts payable within one year | 42/48 | €48,900 | €45,821 | -€3,078 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €14,385 | €14,385 | = | 0.0% |
| Trade debts | 44 | €1,025 | €890 | -€135 | -13.1% |
| Suppliers | 440/4 | €1,025 | €890 | -€135 | -13.1% |
| Taxes, remuneration and social security | 45 | €5,413 | €6,719 | +€1,306 | +24.1% |
| Taxes | 450/3 | €5,413 | €6,719 | +€1,306 | +24.1% |
| Other amounts payable | 47/48 | €28,077 | €23,827 | -€4,250 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,015 | €13,852 | -€163 | -1.2% |
| Other operating charges | 640/8 | €1,025 | €2,956 | +€1,931 | +188.4% |
| Gross operating margin | 9900 | €21,495 | €26,114 | +€4,619 | +21.5% |
| Operating profit (loss) | 9901 | €6,455 | €9,306 | +€2,851 | +44.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,185 | €2,019 | -€166 | -7.6% |
| Recurring financial charges | 65 | €2,185 | €2,019 | -€166 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €4,270 | €7,287 | +€3,017 | +70.6% |
| Income taxes | 67/77 | €822 | €2,522 | +€1,700 | +206.9% |
| Profit (loss) for the period | 9904 | €3,449 | €4,765 | +€1,316 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,449 | €4,765 | +€1,316 | +38.2% |
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.