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
- Cash -€130,299
down €130,299 (-77.4%), from €168,345 to €38,046
mainly Short-term financial debts (-€300,000) and Deferred charges and accrued income (-€14,045)
- Short-term financial debts -€300,000
down €300,000 (-58.1%), from €516,600 to €216,600
- Reserves +€200,982
up €200,982 (+22.4%), from €896,170 to €1.1m
- Financial income +€50,364
up €50,364 (+29.6%), from €170,432 to €220,796
- Gross operating margin +€20,800
up €20,800 (+246%), from €8,442 to €29,242
- Financial charges -€19,021
down €19,021 (-40.6%), from €46,885 to €27,864
- Taxes +€8,197
up €8,197 (+68.9%), from €11,901 to €20,098
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 | €2,085,422 | €1,972,080 | -€113,342 | -5.4% |
| Fixed assets | 21/28 | €1,124,860 | €1,124,860 | = | 0.0% |
| Financial fixed assets | 28 | €1,124,860 | €1,124,860 | = | 0.0% |
| Current assets | 29/58 | €960,562 | €847,220 | -€113,342 | -11.8% |
| Amounts receivable within one year | 40/41 | €13,825 | €16,737 | +€2,912 | +21.1% |
| Trade receivables | 40 | €6,000 | €7,000 | +€1,000 | +16.7% |
| Other amounts receivable | 41 | €7,825 | €9,737 | +€1,912 | +24.4% |
| Current investments | 50/53 | €770,000 | €770,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €168,345 | €38,046 | -€130,299 | -77.4% |
| Deferred charges and accrued income | 490/1 | €8,392 | €22,437 | +€14,045 | +167% |
| Total equity and liabilities | 10/49 | €2,085,422 | €1,972,080 | -€113,342 | -5.4% |
| Equity | 10/15 | €1,510,351 | €1,711,333 | +€200,982 | +13.3% |
| Contributions | 10/11 | €614,181 | €614,181 | = | 0.0% |
| Reserves | 13 | €896,170 | €1,097,152 | +€200,982 | +22.4% |
| Distributable reserves | 133 | €896,170 | €1,097,152 | +€200,982 | +22.4% |
| Amounts payable | 17/49 | €575,071 | €260,747 | -€314,324 | -54.7% |
| Amounts payable within one year | 42/48 | €542,382 | €241,375 | -€301,007 | -55.5% |
| Financial debts | 43 | €516,600 | €216,600 | -€300,000 | -58.1% |
| Other loans | 439 | €516,600 | €216,600 | -€300,000 | -58.1% |
| Trade debts | 44 | €1,248 | €40 | -€1,208 | -96.8% |
| Suppliers | 440/4 | €1,248 | €40 | -€1,208 | -96.8% |
| Taxes, remuneration and social security | 45 | €24,496 | €24,697 | +€201 | +0.8% |
| Taxes | 450/3 | €21,445 | €21,639 | +€194 | +0.9% |
| Remuneration and social security | 454/9 | €3,051 | €3,058 | +€7 | +0.2% |
| Other amounts payable | 47/48 | €38 | €38 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €32,689 | €19,372 | -€13,317 | -40.7% |
| Other operating charges | 640/8 | €1,075 | €1,094 | +€19 | +1.8% |
| Gross operating margin | 9900 | €8,442 | €29,242 | +€20,800 | +246% |
| Operating profit (loss) | 9901 | €7,367 | €28,148 | +€20,781 | +282% |
| Financial income | 75/76B | €170,432 | €220,796 | +€50,364 | +29.6% |
| Recurring financial income | 75 | €170,432 | €220,796 | +€50,364 | +29.6% |
| Financial charges | 65/66B | €46,885 | €27,864 | -€19,021 | -40.6% |
| Recurring financial charges | 65 | €46,885 | €27,864 | -€19,021 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €130,914 | €221,080 | +€90,166 | +68.9% |
| Income taxes | 67/77 | €11,901 | €20,098 | +€8,197 | +68.9% |
| Profit (loss) for the period | 9904 | €119,013 | €200,982 | +€81,969 | +68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €119,013 | €200,982 | +€81,969 | +68.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.