LB-WORKS: what changed
LB-WORKS
Largest movements
- Cash +€13,795
up €13,795 (+127%), from €10,886 to €24,681
mainly Depreciation (+€28,957) and Net result for the year (+€10,447)
- Tangible fixed assets -€11,292
down €11,292 (-5.8%), from €194,426 to €183,134
of which Furniture and vehicles: -€19,652
- Receivables within one year -€9,741
down €9,741 (-24.3%), from €40,130 to €30,390
of which Trade receivables: -€7,270
- Debts after one year -€17,594
down €17,594 (-56.9%), from €30,925 to €13,331
- Reserves +€10,447
up €10,447 (+18.2%), from €57,321 to €67,768
- Trade debts -€3,570
down €3,570 (-27.7%), from €12,907 to €9,337
- Gross operating margin +€9,451
up €9,451 (+23.1%), from €40,971 to €50,422
- Depreciation +€2,830
up €2,830 (+10.8%), from €26,127 to €28,957
- Staff costs +€2,541
new in 2025: €2,541
- Taxes +€2,238
up €2,238 (+348%), from €643 to €2,881
- Financial charges -€933
down €933 (-16.4%), from €5,678 to €4,745
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €250,800 | €243,603 | -€7,197 | -2.9% |
| Fixed assets | 21/28 | €195,426 | €184,134 | -€11,292 | -5.8% |
| Tangible fixed assets | 22/27 | €194,426 | €183,134 | -€11,292 | -5.8% |
| Land and buildings | 22 | €73,408 | €69,006 | -€4,402 | -6.0% |
| Plant, machinery and equipment | 23 | €9,808 | €22,570 | +€12,762 | +130% |
| Furniture and vehicles | 24 | €111,211 | €91,559 | -€19,652 | -17.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €55,373 | €59,468 | +€4,095 | +7.4% |
| Amounts receivable within one year | 40/41 | €40,130 | €30,390 | -€9,741 | -24.3% |
| Trade receivables | 40 | €36,150 | €28,880 | -€7,270 | -20.1% |
| Other amounts receivable | 41 | €3,980 | €1,509 | -€2,471 | -62.1% |
| Cash at bank and in hand | 54/58 | €10,886 | €24,681 | +€13,795 | +127% |
| Deferred charges and accrued income | 490/1 | €4,357 | €4,398 | +€41 | +0.9% |
| Total equity and liabilities | 10/49 | €250,800 | €243,603 | -€7,197 | -2.9% |
| Equity | 10/15 | €63,521 | €73,968 | +€10,447 | +16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €57,321 | €67,768 | +€10,447 | +18.2% |
| Distributable reserves | 133 | €57,321 | €67,768 | +€10,447 | +18.2% |
| Amounts payable | 17/49 | €187,279 | €169,635 | -€17,644 | -9.4% |
| Amounts payable after more than one year | 17 | €30,925 | €13,331 | -€17,594 | -56.9% |
| Financial debts | 170/4 | €30,925 | €13,331 | -€17,594 | -56.9% |
| Amounts payable within one year | 42/48 | €156,354 | €156,304 | -€50 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €17,390 | €17,594 | +€204 | +1.2% |
| Trade debts | 44 | €12,907 | €9,337 | -€3,570 | -27.7% |
| Suppliers | 440/4 | €12,907 | €9,337 | -€3,570 | -27.7% |
| Taxes, remuneration and social security | 45 | €1,413 | €3,633 | +€2,220 | +157% |
| Taxes | 450/3 | €1,413 | €3,633 | +€2,220 | +157% |
| Other amounts payable | 47/48 | €124,644 | €125,740 | +€1,097 | +0.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €2,541 | +€2,541 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,127 | €28,957 | +€2,830 | +10.8% |
| Other operating charges | 640/8 | €1,695 | €965 | -€730 | -43.1% |
| Gross operating margin | 9900 | €40,971 | €50,422 | +€9,451 | +23.1% |
| Operating profit (loss) | 9901 | €13,149 | €17,959 | +€4,810 | +36.6% |
| Financial income | 75/76B | €84 | €114 | +€30 | +35.8% |
| Recurring financial income | 75 | €84 | €114 | +€30 | +35.8% |
| Financial charges | 65/66B | €5,678 | €4,745 | -€933 | -16.4% |
| Recurring financial charges | 65 | €5,678 | €4,745 | -€933 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €7,555 | €13,328 | +€5,773 | +76.4% |
| Income taxes | 67/77 | €643 | €2,881 | +€2,238 | +348% |
| Profit (loss) for the period | 9904 | €6,912 | €10,447 | +€3,535 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,912 | €10,447 | +€3,535 | +51.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.