LB Invest: 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 Invest
Largest movements
- Financial fixed assets -€862,500
down €862,500 (-100%), from €862,500 to €0
- Current investments +€741,208
up €741,208 (+136%), from €544,845 to €1.3m
- Cash +€507,299
up €507,299 (+1,009%), from €50,294 to €557,593
mainly Investment in fixed assets (net) (+€1.1m) and Net result for the year (+€401,530)
- Receivables within one year +€303,614
up €303,614 (+15,080%), from €2,013 to €305,627
of which Other amounts receivable: +€303,557
- Tangible fixed assets -€241,462
down €241,462 (-56.0%), from €431,195 to €189,733
of which Land and buildings: -€241,042
- Reserves +€401,530
up €401,530 (+96.6%), from €415,802 to €817,333
of which Distributable reserves: +€521,208
- Tax, wage and social debts +€44,214
up €44,214 (+411%), from €10,760 to €54,973
- Financial income +€615,043
up €615,043 (+652%), from €94,349 to €709,392
of which Non-recurring financial income: +€600,000
- Financial charges +€320,169
up €320,169 (+435,604%), from €74 to €320,243
of which Non-recurring financial charges: +€319,546
- Gross operating margin +€63,204
up €63,204 (+370%), from €17,101 to €80,305
- Taxes +€49,853
up €49,853 (+602%), from €8,286 to €58,139
- Depreciation -€10,398
down €10,398 (-59.0%), from €17,628 to €7,231
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 | €1,890,847 | €2,339,006 | +€448,158 | +23.7% |
| Fixed assets | 21/28 | €1,293,695 | €189,733 | -€1.1m | -85.3% |
| Tangible fixed assets | 22/27 | €431,195 | €189,733 | -€241,462 | -56.0% |
| Land and buildings | 22 | €430,486 | €189,444 | -€241,042 | -56.0% |
| Plant, machinery and equipment | 23 | €709 | €289 | -€420 | -59.3% |
| Financial fixed assets | 28 | €862,500 | €0 | -€862,500 | -100% |
| Current assets | 29/58 | €597,152 | €2,149,273 | +€1.6m | +260% |
| Amounts receivable within one year | 40/41 | €2,013 | €305,627 | +€303,614 | +15,080% |
| Trade receivables | 40 | - | €57 | +€57 | |
| Other amounts receivable | 41 | €2,013 | €305,570 | +€303,557 | +15,077% |
| Current investments | 50/53 | €544,845 | €1,286,053 | +€741,208 | +136% |
| Cash at bank and in hand | 54/58 | €50,294 | €557,593 | +€507,299 | +1,009% |
| Total equity and liabilities | 10/49 | €1,890,847 | €2,339,006 | +€448,158 | +23.7% |
| Equity | 10/15 | €1,878,447 | €2,279,977 | +€401,530 | +21.4% |
| Contributions | 10/11 | €1,462,645 | €1,462,645 | = | 0.0% |
| Reserves | 13 | €415,802 | €817,333 | +€401,530 | +96.6% |
| Non-distributable reserves | 130/1 | €119,677 | - | -€119,677 | |
| Reserves not available under the articles | 1311 | €119,677 | - | -€119,677 | |
| Distributable reserves | 133 | €296,125 | €817,333 | +€521,208 | +176% |
| Amounts payable | 17/49 | €12,400 | €59,028 | +€46,628 | +376% |
| Amounts payable within one year | 42/48 | €12,400 | €59,028 | +€46,628 | +376% |
| Trade debts | 44 | €598 | €0 | -€598 | -100% |
| Suppliers | 440/4 | €598 | €0 | -€598 | -100% |
| Taxes, remuneration and social security | 45 | €10,760 | €54,973 | +€44,214 | +411% |
| Taxes | 450/3 | €10,760 | €54,973 | +€44,214 | +411% |
| Other amounts payable | 47/48 | €1,043 | €4,055 | +€3,012 | +289% |
| Non-recurring operating income | 76A | - | €63,385 | +€63,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,628 | €7,231 | -€10,398 | -59.0% |
| Other operating charges | 640/8 | €2,602 | €2,554 | -€48 | -1.8% |
| Gross operating margin | 9900 | €17,101 | €80,305 | +€63,204 | +370% |
| Operating profit (loss) | 9901 | -€3,129 | €70,521 | +€73,649 | |
| Financial income | 75/76B | €94,349 | €709,392 | +€615,043 | +652% |
| Recurring financial income | 75 | €94,349 | €109,392 | +€15,043 | +15.9% |
| Non-recurring financial income | 76B | - | €600,000 | +€600,000 | |
| Financial charges | 65/66B | €74 | €320,243 | +€320,169 | +435,604% |
| Recurring financial charges | 65 | €74 | €697 | +€623 | +848% |
| Non-recurring financial charges | 66B | - | €319,546 | +€319,546 | |
| Profit (loss) for the period before taxes | 9903 | €91,146 | €459,670 | +€368,523 | +404% |
| Income taxes | 67/77 | €8,286 | €58,139 | +€49,853 | +602% |
| Profit (loss) for the period | 9904 | €82,860 | €401,530 | +€318,670 | +385% |
| Profit (loss) for the period to be appropriated | 9905 | €82,860 | €401,530 | +€318,670 | +385% |
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 18 October 2026 via checked.be.