LB LAW: 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 LAW
Largest movements
- Cash +€314,169
up €314,169 (+529.0%), from €59,391 to €373,559
mainly Current investments (+€202,747) and Net result for the year (+€104,785)
- Current investments -€202,747
down €202,747 (-50.7%), from €400,000 to €197,253
- Tangible fixed assets -€42,655
down €42,655 (-10.4%), from €409,005 to €366,350
- Receivables within one year +€17,469
up €17,469 (+337.0%), from €5,183 to €22,652
of which Other amounts receivable: +€20,736
- Other debts +€62,264
up €62,264 (+101.2%), from €61,510 to €123,775
- Reserves +€52,255
up €52,255 (+9.2%), from €570,373 to €622,628
of which Distributable reserves: +€52,255
- Debts after one year -€30,645
down €30,645 (-17.1%), from €179,475 to €148,830
- Trade debts -€13,283
down €13,283 (-92.2%), from €14,400 to €1,117
- Tax, wage and social debts +€12,384
up €12,384 (+213.2%), from €5,810 to €18,194
of which Taxes: +€6,679
- Gross operating margin -€197,757
down €197,757 (-49.4%), from €400,098 to €202,341
- Taxes -€55,778
down €55,778 (-54.5%), from €102,437 to €46,659
- Depreciation -€18,472
down €18,472 (-30.4%), from €60,701 to €42,230
- Other operating charges -€11,302
down €11,302 (-82.5%), from €13,698 to €2,396
- Financial income +€7,698
up €7,698 (+153354.4%), from €5 to €7,703
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 | €873,579 | €959,815 | +€86,236 | +9.9% |
| Fixed assets | 21/28 | €409,005 | €366,350 | -€42,655 | -10.4% |
| Tangible fixed assets | 22/27 | €409,005 | €366,350 | -€42,655 | -10.4% |
| Land and buildings | 22 | €334,619 | €314,980 | -€19,639 | -5.9% |
| Furniture and vehicles | 24 | €24,353 | €14,734 | -€9,619 | -39.5% |
| Leasing and similar rights | 25 | €50,033 | €36,637 | -€13,397 | -26.8% |
| Current assets | 29/58 | €464,574 | €593,465 | +€128,891 | +27.7% |
| Amounts receivable within one year | 40/41 | €5,183 | €22,652 | +€17,469 | +337.0% |
| Trade receivables | 40 | €3,267 | €0 | -€3,267 | -100.0% |
| Other amounts receivable | 41 | €1,916 | €22,652 | +€20,736 | +1082.3% |
| Current investments | 50/53 | €400,000 | €197,253 | -€202,747 | -50.7% |
| Cash at bank and in hand | 54/58 | €59,391 | €373,559 | +€314,169 | +529.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €873,579 | €959,815 | +€86,236 | +9.9% |
| Equity | 10/15 | €582,773 | €635,028 | +€52,255 | +9.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €570,373 | €622,628 | +€52,255 | +9.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €570,373 | €622,628 | +€52,255 | +9.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €290,806 | €324,787 | +€33,981 | +11.7% |
| Amounts payable after more than one year | 17 | €179,475 | €148,830 | -€30,645 | -17.1% |
| Financial debts | 170/4 | €179,475 | €148,830 | -€30,645 | -17.1% |
| Amounts payable within one year | 42/48 | €111,330 | €173,751 | +€62,421 | +56.1% |
| Current portion of amounts payable after more than one year | 42 | €29,610 | €30,665 | +€1,055 | +3.6% |
| Trade debts | 44 | €14,400 | €1,117 | -€13,283 | -92.2% |
| Suppliers | 440/4 | €14,400 | €1,117 | -€13,283 | -92.2% |
| Taxes, remuneration and social security | 45 | €5,810 | €18,194 | +€12,384 | +213.2% |
| Taxes | 450/3 | €4,680 | €11,359 | +€6,679 | +142.7% |
| Remuneration and social security | 454/9 | €1,130 | €6,835 | +€5,705 | +504.9% |
| Other amounts payable | 47/48 | €61,510 | €123,775 | +€62,264 | +101.2% |
| Accrued charges and deferred income | 492/3 | €0 | €2,205 | +€2,205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,701 | €42,230 | -€18,472 | -30.4% |
| Other operating charges | 640/8 | €13,698 | €2,396 | -€11,302 | -82.5% |
| Non-recurring operating charges | 66A | - | €640 | +€640 | |
| Gross operating margin | 9900 | €400,098 | €202,341 | -€197,757 | -49.4% |
| Operating profit (loss) | 9901 | €325,699 | €157,076 | -€168,623 | -51.8% |
| Financial income | 75/76B | €5 | €7,703 | +€7,698 | +153354.4% |
| Recurring financial income | 75 | €5 | €7,703 | +€7,698 | +153354.4% |
| Financial charges | 65/66B | €13,368 | €13,335 | -€33 | -0.2% |
| Recurring financial charges | 65 | €13,368 | €13,335 | -€33 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €312,336 | €151,444 | -€160,892 | -51.5% |
| Income taxes | 67/77 | €102,437 | €46,659 | -€55,778 | -54.5% |
| Profit (loss) for the period | 9904 | €209,899 | €104,785 | -€105,114 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €209,899 | €104,785 | -€105,114 | -50.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.