LB PROJECTS: 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 PROJECTS
Largest movements
- Cash +€11,269
up €11,269 (+108.9%), from €10,352 to €21,621
mainly Net result for the year (+€18,431) and Depreciation (+€9,981)
- Reserves +€15,768
up €15,768 (+164.3%), from €9,597 to €25,364
of which Distributable reserves: +€15,768
- Debts after one year -€9,893
down €9,893 (-9.4%), from €105,555 to €95,662
- Profit (loss) carried forward +€2,664
no longer reported in 2025 (was -€2,664)
- Other debts +€2,276
up €2,276 (+15.4%), from €14,742 to €17,018
- Current portion of long-term debt -€1,994
down €1,994 (-6.3%), from €31,425 to €29,431
- Gross operating margin +€18,013
up €18,013 (+81.5%), from €22,113 to €40,126
- Taxes +€4,720
up €4,720 (+178.3%), from €2,647 to €7,366
- Depreciation +€1,103
up €1,103 (+12.4%), from €8,878 to €9,981
- Financial charges +€833
up €833 (+31.1%), from €2,676 to €3,509
- Other operating charges +€605
up €605 (+259.6%), from €233 to €838
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 | €176,498 | €186,344 | +€9,846 | +5.6% |
| Fixed assets | 21/28 | €159,160 | €157,744 | -€1,416 | -0.9% |
| Tangible fixed assets | 22/27 | €159,160 | €157,744 | -€1,416 | -0.9% |
| Land and buildings | 22 | €150,184 | €144,155 | -€6,028 | -4.0% |
| Plant, machinery and equipment | 23 | €910 | €4,971 | +€4,060 | +446.0% |
| Furniture and vehicles | 24 | €8,066 | €8,618 | +€552 | +6.8% |
| Current assets | 29/58 | €17,337 | €28,600 | +€11,262 | +65.0% |
| Stocks and contracts in progress | 3 | €910 | €841 | -€69 | -7.6% |
| Stocks | 30/36 | €910 | €841 | -€69 | -7.6% |
| Amounts receivable within one year | 40/41 | €2,120 | €2,120 | = | 0.0% |
| Trade receivables | 40 | €2,120 | €2,120 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,352 | €21,621 | +€11,269 | +108.9% |
| Deferred charges and accrued income | 490/1 | €3,956 | €4,017 | +€62 | +1.6% |
| Total equity and liabilities | 10/49 | €176,498 | €186,344 | +€9,846 | +5.6% |
| Equity | 10/15 | €16,933 | €35,364 | +€18,431 | +108.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €9,597 | €25,364 | +€15,768 | +164.3% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €8,597 | €24,364 | +€15,768 | +183.4% |
| Profit (loss) carried forward | 14 | -€2,664 | - | +€2,664 | |
| Amounts payable | 17/49 | €159,565 | €150,980 | -€8,585 | -5.4% |
| Amounts payable after more than one year | 17 | €105,555 | €95,662 | -€9,893 | -9.4% |
| Financial debts | 170/4 | €105,555 | €95,662 | -€9,893 | -9.4% |
| Amounts payable within one year | 42/48 | €54,010 | €55,318 | +€1,308 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €31,425 | €29,431 | -€1,994 | -6.3% |
| Trade debts | 44 | €228 | €964 | +€736 | +323.1% |
| Suppliers | 440/4 | €228 | €964 | +€736 | +323.1% |
| Taxes, remuneration and social security | 45 | €7,616 | €7,905 | +€290 | +3.8% |
| Taxes | 450/3 | €7,616 | €7,905 | +€290 | +3.8% |
| Other amounts payable | 47/48 | €14,742 | €17,018 | +€2,276 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,878 | €9,981 | +€1,103 | +12.4% |
| Other operating charges | 640/8 | €233 | €838 | +€605 | +259.6% |
| Gross operating margin | 9900 | €22,113 | €40,126 | +€18,013 | +81.5% |
| Operating profit (loss) | 9901 | €13,003 | €29,307 | +€16,304 | +125.4% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €2,676 | €3,509 | +€833 | +31.1% |
| Recurring financial charges | 65 | €2,676 | €3,509 | +€833 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €10,344 | €25,798 | +€15,454 | +149.4% |
| Income taxes | 67/77 | €2,647 | €7,366 | +€4,720 | +178.3% |
| Profit (loss) for the period | 9904 | €7,698 | €18,431 | +€10,734 | +139.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,698 | €18,431 | +€10,734 | +139.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.