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
- Financial fixed assets -€270,000
down €270,000 (-100.0%), from €270,000 to €0
- Cash +€60,460
up €60,460 (+4419.1%), from €1,368 to €61,828
mainly Investment in fixed assets (net) (+€270,000) and Depreciation (+€9,895)
- Receivables within one year +€55,173
up €55,173 (+984.5%), from €5,604 to €60,777
of which Other amounts receivable: +€57,173
- Tangible fixed assets -€9,895
down €9,895 (-23.8%), from €41,610 to €31,715
- Debts after one year -€117,362
down €117,362 (-92.2%), from €127,317 to €9,955
- Tax, wage and social debts -€23,862
down €23,862 (-99.4%), from €24,003 to €142
- Current portion of long-term debt -€19,597
down €19,597 (-72.6%), from €26,978 to €7,381
- Short-term financial debts -€3,572
down €3,572 (-100.0%), from €3,572 to €0
- Gross operating margin -€75,513
down €75,513 (-83.7%), from €90,229 to €14,716
- Taxes -€24,083
down €24,083 (-99.4%), from €24,224 to €142
- Depreciation +€2,029
up €2,029 (+25.8%), from €7,867 to €9,895
From the 31-12-2023 result to the 31-12-2024 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 31-12-2023 and 31-12-2024 balance sheets and the 31-12-2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2023 | 31-12-2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €318,583 | €154,320 | -€164,263 | -51.6% |
| Fixed assets | 21/28 | €311,610 | €31,715 | -€279,895 | -89.8% |
| Tangible fixed assets | 22/27 | €41,610 | €31,715 | -€9,895 | -23.8% |
| Furniture and vehicles | 24 | €41,610 | €31,715 | -€9,895 | -23.8% |
| Financial fixed assets | 28 | €270,000 | €0 | -€270,000 | -100.0% |
| Current assets | 29/58 | €6,972 | €122,605 | +€115,633 | +1658.4% |
| Amounts receivable within one year | 40/41 | €5,604 | €60,777 | +€55,173 | +984.5% |
| Trade receivables | 40 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts receivable | 41 | €3,604 | €60,777 | +€57,173 | +1586.2% |
| Cash at bank and in hand | 54/58 | €1,368 | €61,828 | +€60,460 | +4419.1% |
| Total equity and liabilities | 10/49 | €318,583 | €154,320 | -€164,263 | -51.6% |
| Equity | 10/15 | €135,841 | €136,810 | +€969 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €129,641 | €130,610 | +€969 | +0.7% |
| Distributable reserves | 133 | €129,641 | €130,610 | +€969 | +0.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €182,741 | €17,510 | -€165,231 | -90.4% |
| Amounts payable after more than one year | 17 | €127,317 | €9,955 | -€117,362 | -92.2% |
| Financial debts | 170/4 | €127,317 | €9,955 | -€117,362 | -92.2% |
| Amounts payable within one year | 42/48 | €55,425 | €7,555 | -€47,869 | -86.4% |
| Current portion of amounts payable after more than one year | 42 | €26,978 | €7,381 | -€19,597 | -72.6% |
| Financial debts | 43 | €3,572 | €0 | -€3,572 | -100.0% |
| Credit institutions | 430/8 | €3,572 | €0 | -€3,572 | -100.0% |
| Trade debts | 44 | €38 | €33 | -€5 | -13.9% |
| Suppliers | 440/4 | €38 | €33 | -€5 | -13.9% |
| Taxes, remuneration and social security | 45 | €24,003 | €142 | -€23,862 | -99.4% |
| Taxes | 450/3 | €24,003 | €142 | -€23,862 | -99.4% |
| Other amounts payable | 47/48 | €833 | €0 | -€833 | -100.0% |
| Non-recurring operating income | 76A | €13,209 | €30,000 | +€16,791 | +127.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,867 | €9,895 | +€2,029 | +25.8% |
| Other operating charges | 640/8 | €471 | €685 | +€214 | +45.5% |
| Gross operating margin | 9900 | €90,229 | €14,716 | -€75,513 | -83.7% |
| Operating profit (loss) | 9901 | €81,892 | €4,136 | -€77,756 | -94.9% |
| Financial income | 75/76B | €188 | €373 | +€185 | +98.2% |
| Recurring financial income | 75 | €188 | €373 | +€185 | +98.2% |
| Financial charges | 65/66B | €3,657 | €3,399 | -€259 | -7.1% |
| Recurring financial charges | 65 | €3,657 | €3,399 | -€259 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €78,423 | €1,110 | -€77,313 | -98.6% |
| Income taxes | 67/77 | €24,224 | €142 | -€24,083 | -99.4% |
| Profit (loss) for the period | 9904 | €54,199 | €969 | -€53,230 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,199 | €969 | -€53,230 | -98.2% |
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.