LBDB: 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.
LBDB
Largest movements
- Receivables within one year +€24,493
up €24,493 (+52.9%), from €46,326 to €70,818
of which Other amounts receivable: +€61,288
- Tangible fixed assets -€17,345
down €17,345 (-4.8%), from €362,000 to €344,655
- Cash +€15,775
up €15,775 (+97.8%), from €16,130 to €31,905
mainly Other debts (+€99,681) and Net result for the year (+€84,692)
- Debts after one year -€111,458
down €111,458 (-14.4%), from €775,324 to €663,866
- Other debts +€99,681
new in 2025: €99,681
- Reserves +€84,692
up €84,692 (+40.2%), from €210,777 to €295,469
of which Distributable reserves: +€84,692
- Trade debts -€56,185
down €56,185 (-98.5%), from €57,026 to €841
- Gross operating margin +€22,147
up €22,147 (+15.9%), from €139,025 to €161,172
- Taxes +€4,621
up €4,621 (+18.7%), from €24,674 to €29,295
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 | €1,228,555 | €1,251,478 | +€22,923 | +1.9% |
| Fixed assets | 21/28 | €1,166,100 | €1,148,755 | -€17,345 | -1.5% |
| Tangible fixed assets | 22/27 | €362,000 | €344,655 | -€17,345 | -4.8% |
| Land and buildings | 22 | €362,000 | €344,655 | -€17,345 | -4.8% |
| Financial fixed assets | 28 | €804,100 | €804,100 | = | 0.0% |
| Current assets | 29/58 | €62,455 | €102,723 | +€40,268 | +64.5% |
| Amounts receivable within one year | 40/41 | €46,326 | €70,818 | +€24,493 | +52.9% |
| Trade receivables | 40 | €36,795 | - | -€36,795 | |
| Other amounts receivable | 41 | €9,531 | €70,818 | +€61,288 | +643.0% |
| Cash at bank and in hand | 54/58 | €16,130 | €31,905 | +€15,775 | +97.8% |
| Total equity and liabilities | 10/49 | €1,228,555 | €1,251,478 | +€22,923 | +1.9% |
| Equity | 10/15 | €247,977 | €332,669 | +€84,692 | +34.2% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Capital | 10 | €37,200 | €37,200 | = | 0.0% |
| Issued capital | 100 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €210,777 | €295,469 | +€84,692 | +40.2% |
| Non-distributable reserves | 130/1 | €3,962 | €3,962 | = | 0.0% |
| Legal reserve | 130 | €3,962 | €3,962 | = | 0.0% |
| Distributable reserves | 133 | €206,816 | €291,507 | +€84,692 | +41.0% |
| Amounts payable | 17/49 | €980,578 | €918,809 | -€61,769 | -6.3% |
| Amounts payable after more than one year | 17 | €775,324 | €663,866 | -€111,458 | -14.4% |
| Financial debts | 170/4 | €775,324 | €663,866 | -€111,458 | -14.4% |
| Amounts payable within one year | 42/48 | €194,272 | €247,899 | +€53,627 | +27.6% |
| Current portion of amounts payable after more than one year | 42 | €109,243 | €111,623 | +€2,379 | +2.2% |
| Trade debts | 44 | €57,026 | €841 | -€56,185 | -98.5% |
| Suppliers | 440/4 | €57,026 | €841 | -€56,185 | -98.5% |
| Taxes, remuneration and social security | 45 | €28,003 | €35,754 | +€7,751 | +27.7% |
| Taxes | 450/3 | €28,003 | €35,754 | +€7,751 | +27.7% |
| Other amounts payable | 47/48 | - | €99,681 | +€99,681 | |
| Accrued charges and deferred income | 492/3 | €10,982 | €7,044 | -€3,938 | -35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,345 | €17,345 | = | 0.0% |
| Other operating charges | 640/8 | €6,294 | €6,566 | +€272 | +4.3% |
| Gross operating margin | 9900 | €139,025 | €161,172 | +€22,147 | +15.9% |
| Operating profit (loss) | 9901 | €115,386 | €137,261 | +€21,875 | +19.0% |
| Financial income | 75/76B | €337 | €798 | +€461 | +136.8% |
| Recurring financial income | 75 | €337 | €798 | +€461 | +136.8% |
| Financial charges | 65/66B | €25,175 | €24,071 | -€1,104 | -4.4% |
| Recurring financial charges | 65 | €25,175 | €24,071 | -€1,104 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €90,548 | €113,987 | +€23,439 | +25.9% |
| Income taxes | 67/77 | €24,674 | €29,295 | +€4,621 | +18.7% |
| Profit (loss) for the period | 9904 | €65,873 | €84,692 | +€18,818 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,873 | €84,692 | +€18,818 | +28.6% |
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 5 October 2026 via checked.be.