LBDA Europe: 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.
LBDA Europe
Largest movements
- Receivables within one year +€10,364
up €10,364 (+27.0%), from €38,455 to €48,819
of which Trade receivables: +€9,107
- Tangible fixed assets -€2,364
down €2,364 (-44.9%), from €5,270 to €2,906
- Profit (loss) carried forward +€4,702
up €4,702 (+30.6%), from €15,371 to €20,073
- Tax, wage and social debts +€2,328
up €2,328 (+255%), from €914 to €3,243
- Trade debts +€1,962
up €1,962 (+128%), from €1,538 to €3,499
- Other debts -€1,321
down €1,321 (-5.8%), from €22,720 to €21,399
- Taxes +€1,414
up €1,414 (+155%), from €914 to €2,328
- Depreciation +€287
up €287 (+13.8%), from €2,077 to €2,364
- Gross operating margin -€222
down €222 (-2.2%), from €10,154 to €9,932
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 | €48,603 | €56,274 | +€7,671 | +15.8% |
| Fixed assets | 21/28 | €5,270 | €2,906 | -€2,364 | -44.9% |
| Tangible fixed assets | 22/27 | €5,270 | €2,906 | -€2,364 | -44.9% |
| Furniture and vehicles | 24 | €5,270 | €2,906 | -€2,364 | -44.9% |
| Current assets | 29/58 | €43,332 | €53,367 | +€10,035 | +23.2% |
| Amounts receivable within one year | 40/41 | €38,455 | €48,819 | +€10,364 | +27.0% |
| Trade receivables | 40 | €30,605 | €39,712 | +€9,107 | +29.8% |
| Other amounts receivable | 41 | €7,850 | €9,107 | +€1,257 | +16.0% |
| Cash at bank and in hand | 54/58 | €4,877 | €4,548 | -€329 | -6.7% |
| Total equity and liabilities | 10/49 | €48,603 | €56,274 | +€7,671 | +15.8% |
| Equity | 10/15 | €23,431 | €28,133 | +€4,702 | +20.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,371 | €20,073 | +€4,702 | +30.6% |
| Amounts payable | 17/49 | €25,172 | €28,141 | +€2,969 | +11.8% |
| Amounts payable within one year | 42/48 | €25,172 | €28,141 | +€2,969 | +11.8% |
| Trade debts | 44 | €1,538 | €3,499 | +€1,962 | +128% |
| Suppliers | 440/4 | €1,538 | €3,499 | +€1,962 | +128% |
| Taxes, remuneration and social security | 45 | €914 | €3,243 | +€2,328 | +255% |
| Taxes | 450/3 | €914 | €3,243 | +€2,328 | +255% |
| Other amounts payable | 47/48 | €22,720 | €21,399 | -€1,321 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,077 | €2,364 | +€287 | +13.8% |
| Other operating charges | 640/8 | €387 | €420 | +€33 | +8.5% |
| Gross operating margin | 9900 | €10,154 | €9,932 | -€222 | -2.2% |
| Operating profit (loss) | 9901 | €7,690 | €7,147 | -€542 | -7.1% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €137 | €151 | +€14 | +10.5% |
| Recurring financial charges | 65 | €137 | €151 | +€14 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €7,553 | €7,030 | -€523 | -6.9% |
| Income taxes | 67/77 | €914 | €2,328 | +€1,414 | +155% |
| Profit (loss) for the period | 9904 | €6,639 | €4,702 | -€1,937 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,639 | €4,702 | -€1,937 | -29.2% |
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 20 October 2026 via checked.be.