LB-INTERNATIONAL: 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-INTERNATIONAL
Largest movements
- Tangible fixed assets +€39,292
up €39,292 (+4.5%), from €878,274 to €917,566
of which Land and buildings: +€54,849
- Receivables within one year +€29,837
up €29,837 (+7.0%), from €423,555 to €453,392
of which Trade receivables: +€27,316
- Stocks and contracts +€21,525
up €21,525 (+171%), from €12,592 to €34,117
of which Contracts in progress: +€15,000
- Debts after one year +€403,364
up €403,364 (+57.1%), from €706,710 to €1.1m
- Trade debts -€358,581
no longer reported in 2025 (was €358,581)
- Current portion of long-term debt +€21,981
up €21,981 (+10.7%), from €205,477 to €227,458
- Reserves +€18,088
up €18,088 (+24.3%), from €74,284 to €92,372
of which Distributable reserves: +€18,088
- Gross operating margin +€110,156
up €110,156 (+33.0%), from €334,111 to €444,268
- Staff costs -€40,097
down €40,097 (-12.0%), from €334,840 to €294,743
- Financial charges +€30,261
up €30,261 (+197%), from €15,324 to €45,585
- Depreciation +€27,102
up €27,102 (+62.6%), from €43,314 to €70,416
- Other operating charges +€11,851
up €11,851 (+265%), from €4,475 to €16,326
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 | €1,425,462 | €1,509,085 | +€83,623 | +5.9% |
| Fixed assets | 21/28 | €981,773 | €1,021,065 | +€39,292 | +4.0% |
| Tangible fixed assets | 22/27 | €878,274 | €917,566 | +€39,292 | +4.5% |
| Land and buildings | 22 | €852,740 | €907,589 | +€54,849 | +6.4% |
| Plant, machinery and equipment | 23 | €3,478 | €5,316 | +€1,838 | +52.9% |
| Furniture and vehicles | 24 | €22,057 | €4,661 | -€17,396 | -78.9% |
| Financial fixed assets | 28 | €103,499 | €103,499 | = | 0.0% |
| Current assets | 29/58 | €443,689 | €488,020 | +€44,331 | +10.0% |
| Stocks and contracts in progress | 3 | €12,592 | €34,117 | +€21,525 | +171% |
| Stocks | 30/36 | €12,592 | €19,117 | +€6,525 | +51.8% |
| Contracts in progress | 37 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €423,555 | €453,392 | +€29,837 | +7.0% |
| Trade receivables | 40 | €395,120 | €422,436 | +€27,316 | +6.9% |
| Other amounts receivable | 41 | €28,435 | €30,956 | +€2,522 | +8.9% |
| Cash at bank and in hand | 54/58 | €7,543 | €512 | -€7,031 | -93.2% |
| Total equity and liabilities | 10/49 | €1,425,462 | €1,509,085 | +€83,623 | +5.9% |
| Equity | 10/15 | €135,784 | €153,872 | +€18,088 | +13.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €74,284 | €92,372 | +€18,088 | +24.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €68,134 | €86,222 | +€18,088 | +26.5% |
| Amounts payable | 17/49 | €1,289,678 | €1,355,213 | +€65,536 | +5.1% |
| Amounts payable after more than one year | 17 | €706,710 | €1,110,075 | +€403,364 | +57.1% |
| Financial debts | 170/4 | €706,710 | €1,110,075 | +€403,364 | +57.1% |
| Amounts payable within one year | 42/48 | €582,967 | €245,139 | -€337,829 | -57.9% |
| Current portion of amounts payable after more than one year | 42 | €205,477 | €227,458 | +€21,981 | +10.7% |
| Financial debts | 43 | - | €341 | +€341 | |
| Credit institutions | 430/8 | - | €341 | +€341 | |
| Trade debts | 44 | €358,581 | - | -€358,581 | |
| Suppliers | 440/4 | €358,581 | - | -€358,581 | |
| Taxes, remuneration and social security | 45 | €18,910 | €17,340 | -€1,570 | -8.3% |
| Taxes | 450/3 | €6,403 | €9,252 | +€2,849 | +44.5% |
| Remuneration and social security | 454/9 | €12,507 | €8,087 | -€4,420 | -35.3% |
| Remuneration, social security and pensions | 62 | €334,840 | €294,743 | -€40,097 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,314 | €70,416 | +€27,102 | +62.6% |
| Other operating charges | 640/8 | €4,475 | €16,326 | +€11,851 | +265% |
| Gross operating margin | 9900 | €334,111 | €444,268 | +€110,156 | +33.0% |
| Operating profit (loss) | 9901 | -€48,518 | €62,782 | +€111,300 | |
| Financial income | 75/76B | €5,589 | €3,747 | -€1,842 | -33.0% |
| Recurring financial income | 75 | €5,589 | €3,747 | -€1,842 | -33.0% |
| Financial charges | 65/66B | €15,324 | €45,585 | +€30,261 | +197% |
| Recurring financial charges | 65 | €15,324 | €45,585 | +€30,261 | +197% |
| Profit (loss) for the period before taxes | 9903 | -€58,252 | €20,944 | +€79,197 | |
| Income taxes | 67/77 | €1 | €2,857 | +€2,856 | +396,651% |
| Profit (loss) for the period | 9904 | -€58,253 | €18,088 | +€76,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,253 | €18,088 | +€76,341 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.