LB-SERIES: 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-SERIES
Largest movements
- Cash +€30,577
up €30,577 (+1204.3%), from €2,539 to €33,116
mainly Trade debts (+€38,305) and Debts after one year (+€22,144)
- Receivables within one year +€20,340
up €20,340 (+144.3%), from €14,099 to €34,439
of which Trade receivables: +€22,391
- Deferred charges and accrued income +€4,668
new in 2025: €4,668
- Intangible fixed assets -€3,990
down €3,990 (-25.0%), from €15,960 to €11,970
- Stocks and contracts +€3,572
up €3,572 (+13.9%), from €25,621 to €29,193
- Trade debts +€38,305
up €38,305 (+277.9%), from €13,782 to €52,087
- Debts after one year +€22,144
new in 2025: €22,144
- Profit (loss) carried forward -€7,115
down €7,115 (-31.5%), from €22,557 to €15,442
- Other debts -€6,170
down €6,170 (-53.8%), from €11,464 to €5,294
- Current portion of long-term debt +€6,036
new in 2025: €6,036
- Purchases and services +€123,803
up €123,803 (+26.0%), from €476,848 to €600,651
- Turnover +€110,147
up €110,147 (+22.5%), from €490,215 to €600,362
- Gross operating margin -€13,656
down €13,656, from €13,367 to -€289
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 | €68,229 | €122,830 | +€54,601 | +80.0% |
| Fixed assets | 21/28 | €25,971 | €21,413 | -€4,557 | -17.5% |
| Intangible fixed assets | 21 | €15,960 | €11,970 | -€3,990 | -25.0% |
| Tangible fixed assets | 22/27 | €2,001 | €1,434 | -€567 | -28.3% |
| Plant, machinery and equipment | 23 | €2,001 | €1,434 | -€567 | -28.3% |
| Financial fixed assets | 28 | €8,010 | €8,010 | = | 0.0% |
| Current assets | 29/58 | €42,258 | €101,416 | +€59,158 | +140.0% |
| Stocks and contracts in progress | 3 | €25,621 | €29,193 | +€3,572 | +13.9% |
| Stocks | 30/36 | €25,621 | €29,193 | +€3,572 | +13.9% |
| Amounts receivable within one year | 40/41 | €14,099 | €34,439 | +€20,340 | +144.3% |
| Trade receivables | 40 | €6,857 | €29,248 | +€22,391 | +326.6% |
| Other amounts receivable | 41 | €7,242 | €5,191 | -€2,051 | -28.3% |
| Cash at bank and in hand | 54/58 | €2,539 | €33,116 | +€30,577 | +1204.3% |
| Deferred charges and accrued income | 490/1 | - | €4,668 | +€4,668 | |
| Total equity and liabilities | 10/49 | €68,229 | €122,830 | +€54,601 | +80.0% |
| Equity | 10/15 | €41,583 | €34,469 | -€7,115 | -17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €427 | €427 | = | 0.0% |
| Non-distributable reserves | 130/1 | €427 | €427 | = | 0.0% |
| Reserves not available under the articles | 1311 | €427 | €427 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,557 | €15,442 | -€7,115 | -31.5% |
| Amounts payable | 17/49 | €26,646 | €88,361 | +€61,715 | +231.6% |
| Amounts payable after more than one year | 17 | - | €22,144 | +€22,144 | |
| Financial debts | 170/4 | - | €22,144 | +€22,144 | |
| Amounts payable within one year | 42/48 | €26,646 | €66,217 | +€39,572 | +148.5% |
| Current portion of amounts payable after more than one year | 42 | - | €6,036 | +€6,036 | |
| Trade debts | 44 | €13,782 | €52,087 | +€38,305 | +277.9% |
| Suppliers | 440/4 | €13,782 | €52,087 | +€38,305 | +277.9% |
| Taxes, remuneration and social security | 45 | €1,400 | €2,800 | +€1,400 | +100.0% |
| Taxes | 450/3 | €1,200 | €1,800 | +€600 | +50.0% |
| Remuneration and social security | 454/9 | €200 | €1,000 | +€800 | +400.0% |
| Other amounts payable | 47/48 | €11,464 | €5,294 | -€6,170 | -53.8% |
| Turnover | 70 | €490,215 | €600,362 | +€110,147 | +22.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €476,848 | €600,651 | +€123,803 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,557 | €4,557 | = | 0.0% |
| Other operating charges | 640/8 | €863 | €1,296 | +€433 | +50.2% |
| Gross operating margin | 9900 | €13,367 | -€289 | -€13,656 | |
| Operating profit (loss) | 9901 | €7,947 | -€6,142 | -€14,089 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +231.3% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +231.3% |
| Financial charges | 65/66B | €308 | €974 | +€665 | +216.0% |
| Recurring financial charges | 65 | €308 | €974 | +€665 | +216.0% |
| Profit (loss) for the period before taxes | 9903 | €7,639 | -€7,115 | -€14,754 | |
| Income taxes | 67/77 | €1,784 | - | -€1,784 | |
| Profit (loss) for the period | 9904 | €5,855 | -€7,115 | -€12,970 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,855 | -€7,115 | -€12,970 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.