LBA Advisory: 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.
LBA Advisory
Largest movements
- Receivables within one year -€7,393
down €7,393 (-28.8%), from €25,684 to €18,291
of which Trade receivables: -€4,009
- Cash -€1,915
down €1,915 (-1.5%), from €129,482 to €127,567
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€8,332)
- Profit (loss) carried forward -€12,486
down €12,486 (-47.4%), from €26,328 to €13,842
- Tax, wage and social debts +€4,902
up €4,902 (+36.1%), from €13,585 to €18,486
- Trade debts -€2,479
down €2,479 (-37.5%), from €6,605 to €4,126
- Gross operating margin -€11,818
down €11,818 (-8.7%), from €136,313 to €124,495
- Depreciation -€5,545
down €5,545 (-41.2%), from €13,467 to €7,922
- Other operating charges -€5,047
down €5,047 (-84.7%), from €5,958 to €911
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 | €167,443 | €156,915 | -€10,528 | -6.3% |
| Fixed assets | 21/28 | €8,085 | €8,495 | +€410 | +5.1% |
| Tangible fixed assets | 22/27 | €7,935 | €8,345 | +€410 | +5.2% |
| Plant, machinery and equipment | 23 | €28 | - | -€28 | |
| Furniture and vehicles | 24 | €7,907 | €8,345 | +€438 | +5.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €159,358 | €148,419 | -€10,939 | -6.9% |
| Amounts receivable within one year | 40/41 | €25,684 | €18,291 | -€7,393 | -28.8% |
| Trade receivables | 40 | €19,407 | €15,398 | -€4,009 | -20.7% |
| Other amounts receivable | 41 | €6,277 | €2,893 | -€3,384 | -53.9% |
| Cash at bank and in hand | 54/58 | €129,482 | €127,567 | -€1,915 | -1.5% |
| Deferred charges and accrued income | 490/1 | €4,192 | €2,561 | -€1,631 | -38.9% |
| Total equity and liabilities | 10/49 | €167,443 | €156,915 | -€10,528 | -6.3% |
| Equity | 10/15 | €46,788 | €34,302 | -€12,486 | -26.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,328 | €13,842 | -€12,486 | -47.4% |
| Amounts payable | 17/49 | €120,655 | €122,613 | +€1,958 | +1.6% |
| Amounts payable within one year | 42/48 | €120,655 | €122,613 | +€1,958 | +1.6% |
| Trade debts | 44 | €6,605 | €4,126 | -€2,479 | -37.5% |
| Suppliers | 440/4 | €6,605 | €4,126 | -€2,479 | -37.5% |
| Taxes, remuneration and social security | 45 | €13,585 | €18,486 | +€4,902 | +36.1% |
| Taxes | 450/3 | €13,585 | €18,486 | +€4,902 | +36.1% |
| Other amounts payable | 47/48 | €100,465 | €100,000 | -€465 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,467 | €7,922 | -€5,545 | -41.2% |
| Other operating charges | 640/8 | €5,958 | €911 | -€5,047 | -84.7% |
| Gross operating margin | 9900 | €136,313 | €124,495 | -€11,818 | -8.7% |
| Operating profit (loss) | 9901 | €116,888 | €115,662 | -€1,226 | -1.0% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €165 | €165 | = | 0.0% |
| Recurring financial charges | 65 | €165 | €165 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €116,722 | €115,500 | -€1,223 | -1.0% |
| Income taxes | 67/77 | €27,533 | €27,986 | +€453 | +1.6% |
| Profit (loss) for the period | 9904 | €89,189 | €87,514 | -€1,675 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,189 | €87,514 | -€1,675 | -1.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.