LBD HORECA GESTION: what changed
What changed
LBD HORECA GESTION
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€15,495
2024 · €1,189+€14,306
Equity
€7,513
2024 · -€7,982+€15,495
Cash
€38,464
2024 · €39,780-€1,316
Balance sheet total
€137,153
2024 · €68,282+€68,870
Largest movements
Assets
- Receivables within one year +€48,430
up €48,430 (+857%), from €5,649 to €54,079
of which Trade receivables: +€48,312
- Tangible fixed assets +€13,522
up €13,522 (+167%), from €8,111 to €21,632
of which Other tangible fixed assets: +€9,189
- Stocks and contracts +€7,465
up €7,465 (+64.7%), from €11,531 to €18,996
Equity and liabilities
- Trade debts +€52,003
up €52,003 (+156%), from €33,405 to €85,409
- Profit (loss) carried forward +€15,495
up €15,495, from -€14,182 to €1,313
- Tax, wage and social debts +€5,352
up €5,352 (+18.5%), from €28,986 to €34,339
of which Taxes: +€3,530
- Other debts -€4,032
down €4,032 (-29.1%), from €13,872 to €9,840
Income statement
- Gross operating margin +€21,311
up €21,311 (+9.4%), from €227,512 to €248,823
- Write-downs +€7,606
new in 2025: €7,606
- Taxes +€3,638
new in 2025: €3,638
- Depreciation -€2,783
down €2,783 (-51.2%), from €5,436 to €2,653
- Staff costs -€2,716
down €2,716 (-1.3%), from €212,729 to €210,013
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.
Result 2024
€1,189
Gross operating margin
+€21,311
Staff costs
+€2,716
Depreciation
+€2,783
Write-downs
-€7,606
Other operating charges
-€1,349
Financial income
-€132
Financial charges
+€221
Taxes
-€3,638
Result 2025
€15,495
raises the resultlowers the result
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.
From operations
+€14,859
Investment
-€16,174
Financing
€0
Cash 2024
€39,780
From operations (derived)
+€14,859
Net result for the year
+€15,495
Depreciation
+€2,653
Stocks and contracts
-€7,465
Receivables within one year
-€48,430
Deferred charges and accrued income
-€769
Trade debts
+€52,003
Tax, wage and social debts
+€5,352
Other debts
-€4,032
Accrued charges and deferred income
+€51
Investment (derived)
-€16,174
Investment in fixed assets (net)
-€16,174
Cash 2025
€38,464
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,282 | €137,153 | +€68,870 | +101% |
| Fixed assets | 21/28 | €8,311 | €21,832 | +€13,522 | +163% |
| Tangible fixed assets | 22/27 | €8,111 | €21,632 | +€13,522 | +167% |
| Plant, machinery and equipment | 23 | €7,026 | €11,733 | +€4,707 | +67.0% |
| Furniture and vehicles | 24 | €1,085 | €711 | -€374 | -34.5% |
| Other tangible fixed assets | 26 | - | €9,189 | +€9,189 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €59,972 | €115,320 | +€55,349 | +92.3% |
| Stocks and contracts in progress | 3 | €11,531 | €18,996 | +€7,465 | +64.7% |
| Stocks | 30/36 | €11,531 | €18,996 | +€7,465 | +64.7% |
| Amounts receivable within one year | 40/41 | €5,649 | €54,079 | +€48,430 | +857% |
| Trade receivables | 40 | €5,619 | €53,930 | +€48,312 | +860% |
| Other amounts receivable | 41 | €30 | €148 | +€118 | +390% |
| Cash at bank and in hand | 54/58 | €39,780 | €38,464 | -€1,316 | -3.3% |
| Deferred charges and accrued income | 490/1 | €3,012 | €3,782 | +€769 | +25.5% |
| Total equity and liabilities | 10/49 | €68,282 | €137,153 | +€68,870 | +101% |
| Equity | 10/15 | -€7,982 | €7,513 | +€15,495 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,182 | €1,313 | +€15,495 | |
| Amounts payable | 17/49 | €76,264 | €129,639 | +€53,375 | +70.0% |
| Amounts payable within one year | 42/48 | €76,264 | €129,588 | +€53,324 | +69.9% |
| Trade debts | 44 | €33,405 | €85,409 | +€52,003 | +156% |
| Suppliers | 440/4 | €33,405 | €85,409 | +€52,003 | +156% |
| Taxes, remuneration and social security | 45 | €28,986 | €34,339 | +€5,352 | +18.5% |
| Taxes | 450/3 | €15,831 | €19,361 | +€3,530 | +22.3% |
| Remuneration and social security | 454/9 | €13,156 | €14,977 | +€1,822 | +13.8% |
| Other amounts payable | 47/48 | €13,872 | €9,840 | -€4,032 | -29.1% |
| Accrued charges and deferred income | 492/3 | - | €51 | +€51 | |
| Remuneration, social security and pensions | 62 | €212,729 | €210,013 | -€2,716 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,436 | €2,653 | -€2,783 | -51.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,606 | +€7,606 | |
| Other operating charges | 640/8 | €3,274 | €4,623 | +€1,349 | +41.2% |
| Gross operating margin | 9900 | €227,512 | €248,823 | +€21,311 | +9.4% |
| Operating profit (loss) | 9901 | €6,073 | €23,929 | +€17,856 | +294% |
| Financial income | 75/76B | €214 | €81 | -€132 | -61.9% |
| Recurring financial income | 75 | €214 | €81 | -€132 | -61.9% |
| Financial charges | 65/66B | €5,098 | €4,877 | -€221 | -4.3% |
| Recurring financial charges | 65 | €5,098 | €4,877 | -€221 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €1,189 | €19,133 | +€17,944 | +1,510% |
| Income taxes | 67/77 | - | €3,638 | +€3,638 | |
| Profit (loss) for the period | 9904 | €1,189 | €15,495 | +€14,306 | +1,204% |
| Profit (loss) for the period to be appropriated | 9905 | €1,189 | €15,495 | +€14,306 | +1,204% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.