LB&K: 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&K
Largest movements
- Cash +€35,721
up €35,721 (+13.7%), from €261,078 to €296,799
mainly Net result for the year (+€31,397) and Receivables within one year (+€5,002)
- Receivables within one year -€5,002
down €5,002 (-5.5%), from €91,502 to €86,500
of which Other amounts receivable: -€17,248
- Profit (loss) carried forward +€31,397
up €31,397 (+11.0%), from €284,992 to €316,389
- Gross operating margin -€40,782
down €40,782 (-44.8%), from €91,110 to €50,328
- Taxes -€10,019
down €10,019 (-42.0%), from €23,879 to €13,860
- Depreciation +€2,280
up €2,280 (+201.1%), from €1,133 to €3,413
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 | €362,551 | €394,560 | +€32,009 | +8.8% |
| Fixed assets | 21/28 | €8,367 | €9,904 | +€1,537 | +18.4% |
| Tangible fixed assets | 22/27 | €8,367 | €9,904 | +€1,537 | +18.4% |
| Furniture and vehicles | 24 | €8,367 | €9,904 | +€1,537 | +18.4% |
| Current assets | 29/58 | €354,185 | €384,657 | +€30,472 | +8.6% |
| Amounts receivable within one year | 40/41 | €91,502 | €86,500 | -€5,002 | -5.5% |
| Trade receivables | 40 | €58,976 | €71,222 | +€12,246 | +20.8% |
| Other amounts receivable | 41 | €32,526 | €15,278 | -€17,248 | -53.0% |
| Cash at bank and in hand | 54/58 | €261,078 | €296,799 | +€35,721 | +13.7% |
| Deferred charges and accrued income | 490/1 | €1,604 | €1,358 | -€247 | -15.4% |
| Total equity and liabilities | 10/49 | €362,551 | €394,560 | +€32,009 | +8.8% |
| Equity | 10/15 | €353,592 | €384,989 | +€31,397 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| 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 | €48,140 | €48,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €284,992 | €316,389 | +€31,397 | +11.0% |
| Amounts payable | 17/49 | €8,959 | €9,571 | +€612 | +6.8% |
| Amounts payable within one year | 42/48 | €8,959 | €9,571 | +€612 | +6.8% |
| Trade debts | 44 | €80 | €692 | +€612 | +763.3% |
| Suppliers | 440/4 | €80 | €692 | +€612 | +763.3% |
| Taxes, remuneration and social security | 45 | €8,879 | €8,879 | = | 0.0% |
| Taxes | 450/3 | €8,879 | €8,879 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,133 | €3,413 | +€2,280 | +201.1% |
| Other operating charges | 640/8 | €2,361 | €1,463 | -€898 | -38.0% |
| Gross operating margin | 9900 | €91,110 | €50,328 | -€40,782 | -44.8% |
| Operating profit (loss) | 9901 | €87,616 | €45,452 | -€42,164 | -48.1% |
| Financial charges | 65/66B | €163 | €195 | +€32 | +19.6% |
| Recurring financial charges | 65 | €163 | €195 | +€32 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €87,453 | €45,257 | -€42,196 | -48.2% |
| Income taxes | 67/77 | €23,879 | €13,860 | -€10,019 | -42.0% |
| Profit (loss) for the period | 9904 | €63,573 | €31,397 | -€32,176 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,573 | €31,397 | -€32,176 | -50.6% |
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 29 September 2026 via checked.be.