LBB INVEST: 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.
LBB INVEST
Largest movements
- Stocks and contracts -€1.4m
down €1.4m (-18.6%), from €7.8m to €6.3m
- Financial fixed assets -€300,000
down €300,000 (-96.0%), from €312,400 to €12,400
- Receivables within one year +€290,343
up €290,343 (+17.0%), from €1.7m to €2.0m
of which Other amounts receivable: +€290,343
- Cash +€163,027
up €163,027 (+34.5%), from €472,955 to €635,982
mainly Stocks and contracts (+€1.4m) and Net result for the year (+€325,877)
- Other debts -€1.5m
down €1.5m (-24.2%), from €6.1m to €4.6m
- Profit (loss) carried forward +€325,877
up €325,877 (+17.2%), from €1.9m to €2.2m
- Short-term financial debts -€119,977
down €119,977 (-15.0%), from €800,000 to €680,023
- Gross operating margin +€98,027
up €98,027 (+24.1%), from €407,157 to €505,184
- Financial charges -€54,384
down €54,384 (-34.6%), from €157,258 to €102,874
- Taxes +€38,492
up €38,492 (+46.5%), from €82,776 to €121,268
- Financial income -€7,769
down €7,769 (-14.5%), from €53,752 to €45,984
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.
Derived cash bridge
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 | €10,284,451 | €8,992,258 | -€1.3m | -12.6% |
| Fixed assets | 21/28 | €312,400 | €12,400 | -€300,000 | -96.0% |
| Financial fixed assets | 28 | €312,400 | €12,400 | -€300,000 | -96.0% |
| Current assets | 29/58 | €9,972,051 | €8,979,858 | -€992,193 | -9.9% |
| Stocks and contracts in progress | 3 | €7,753,578 | €6,307,999 | -€1.4m | -18.6% |
| Stocks | 30/36 | €7,753,578 | €6,307,999 | -€1.4m | -18.6% |
| Amounts receivable within one year | 40/41 | €1,709,103 | €1,999,446 | +€290,343 | +17.0% |
| Trade receivables | 40 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 41 | €1,609,103 | €1,899,446 | +€290,343 | +18.0% |
| Cash at bank and in hand | 54/58 | €472,955 | €635,982 | +€163,027 | +34.5% |
| Deferred charges and accrued income | 490/1 | €36,416 | €36,431 | +€16 | 0.0% |
| Total equity and liabilities | 10/49 | €10,284,451 | €8,992,258 | -€1.3m | -12.6% |
| Equity | 10/15 | €1,910,817 | €2,236,694 | +€325,877 | +17.1% |
| 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 | €1,890,357 | €2,216,234 | +€325,877 | +17.2% |
| Amounts payable | 17/49 | €8,373,634 | €6,755,564 | -€1.6m | -19.3% |
| Amounts payable after more than one year | 17 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial debts | 170/4 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,160,290 | €5,514,257 | -€1.6m | -23.0% |
| Financial debts | 43 | €800,000 | €680,023 | -€119,977 | -15.0% |
| Credit institutions | 430/8 | €800,000 | €680,023 | -€119,977 | -15.0% |
| Trade debts | 44 | €175,000 | €130,579 | -€44,421 | -25.4% |
| Suppliers | 440/4 | €175,000 | €130,579 | -€44,421 | -25.4% |
| Taxes, remuneration and social security | 45 | €72,970 | €70,636 | -€2,334 | -3.2% |
| Taxes | 450/3 | €72,970 | €70,636 | -€2,334 | -3.2% |
| Other amounts payable | 47/48 | €6,112,320 | €4,633,018 | -€1.5m | -24.2% |
| Accrued charges and deferred income | 492/3 | €213,344 | €241,307 | +€27,963 | +13.1% |
| Other operating charges | 640/8 | €3,794 | €1,148 | -€2,646 | -69.7% |
| Gross operating margin | 9900 | €407,157 | €505,184 | +€98,027 | +24.1% |
| Operating profit (loss) | 9901 | €403,363 | €504,035 | +€100,673 | +25.0% |
| Financial income | 75/76B | €53,752 | €45,984 | -€7,769 | -14.5% |
| Recurring financial income | 75 | €53,752 | €45,984 | -€7,769 | -14.5% |
| Financial charges | 65/66B | €157,258 | €102,874 | -€54,384 | -34.6% |
| Recurring financial charges | 65 | €157,258 | €102,874 | -€54,384 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €299,857 | €447,145 | +€147,288 | +49.1% |
| Income taxes | 67/77 | €82,776 | €121,268 | +€38,492 | +46.5% |
| Profit (loss) for the period | 9904 | €217,081 | €325,877 | +€108,797 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €217,081 | €325,877 | +€108,797 | +50.1% |
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 1 November 2026 via checked.be.