LB MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€1.1m
up €1.1m (+6735.0%), from €16,226 to €1.1m
mainly Debts after one year (+€953,450) and Depreciation (+€136,428)
- Tangible fixed assets -€136,428
down €136,428 (-3.4%), from €4.0m to €3.9m
of which Land and buildings: -€116,674
- Receivables within one year +€52,547
new in 2024: €52,547
of which Trade receivables: +€44,393
- Debts after one year +€953,450
up €953,450 (+21.1%), from €4.5m to €5.5m
- Gross operating margin +€46,915
up €46,915 (+23.4%), from €200,110 to €247,025
- Financial income +€27,723
up €27,723 (+138613750.0%), from €0 to €27,723
- Financial charges +€11,769
up €11,769 (+10.7%), from €109,481 to €121,250
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,033,267 | €5,020,380 | +€987,113 | +24.5% |
| Fixed assets | 21/28 | €3,987,713 | €3,851,285 | -€136,428 | -3.4% |
| Tangible fixed assets | 22/27 | €3,987,713 | €3,851,285 | -€136,428 | -3.4% |
| Land and buildings | 22 | €3,912,810 | €3,796,136 | -€116,674 | -3.0% |
| Furniture and vehicles | 24 | €74,903 | €55,149 | -€19,754 | -26.4% |
| Current assets | 29/58 | €45,555 | €1,169,095 | +€1.1m | +2466.4% |
| Amounts receivable within one year | 40/41 | - | €52,547 | +€52,547 | |
| Trade receivables | 40 | - | €44,393 | +€44,393 | |
| Other amounts receivable | 41 | - | €8,154 | +€8,154 | |
| Cash at bank and in hand | 54/58 | €16,226 | €1,109,032 | +€1.1m | +6735.0% |
| Deferred charges and accrued income | 490/1 | €29,329 | €7,516 | -€21,813 | -74.4% |
| Total equity and liabilities | 10/49 | €4,033,267 | €5,020,380 | +€987,113 | +24.5% |
| Equity | 10/15 | -€658,912 | -€647,529 | +€11,383 | +1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€678,912 | -€667,529 | +€11,383 | +1.7% |
| Amounts payable | 17/49 | €4,692,180 | €5,667,910 | +€975,730 | +20.8% |
| Amounts payable after more than one year | 17 | €4,509,901 | €5,463,352 | +€953,450 | +21.1% |
| Financial debts | 170/4 | €4,509,901 | €5,463,352 | +€953,450 | +21.1% |
| Amounts payable within one year | 42/48 | €151,995 | €153,489 | +€1,494 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €130,714 | €135,930 | +€5,217 | +4.0% |
| Trade debts | 44 | €9,832 | €7,368 | -€2,464 | -25.1% |
| Suppliers | 440/4 | €9,832 | €7,368 | -€2,464 | -25.1% |
| Taxes, remuneration and social security | 45 | €11,449 | €10,190 | -€1,259 | -11.0% |
| Taxes | 450/3 | €11,449 | €10,190 | -€1,259 | -11.0% |
| Accrued charges and deferred income | 492/3 | €30,284 | €51,070 | +€20,786 | +68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,428 | €136,428 | = | 0.0% |
| Other operating charges | 640/8 | €5,386 | €5,264 | -€122 | -2.3% |
| Gross operating margin | 9900 | €200,110 | €247,025 | +€46,915 | +23.4% |
| Operating profit (loss) | 9901 | €58,296 | €105,333 | +€47,037 | +80.7% |
| Financial income | 75/76B | €0 | €27,723 | +€27,723 | +138613750.0% |
| Recurring financial income | 75 | €0 | €27,723 | +€27,723 | +138613750.0% |
| Financial charges | 65/66B | €109,481 | €121,250 | +€11,769 | +10.7% |
| Recurring financial charges | 65 | €109,481 | €121,250 | +€11,769 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | -€51,185 | €11,806 | +€62,991 | |
| Income taxes | 67/77 | €163 | €423 | +€260 | +159.0% |
| Profit (loss) for the period | 9904 | -€51,349 | €11,383 | +€62,732 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,349 | €11,383 | +€62,732 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.