LBDENT: 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.
LBDENT
Largest movements
- Cash -€41,559
down €41,559 (-81.2%), from €51,163 to €9,604
mainly Investment in fixed assets (net) (-€35,489) and Net result for the year (-€22,400)
- Tangible fixed assets +€30,421
up €30,421 (+4944.1%), from €615 to €31,036
of which Plant, machinery and equipment: +€31,036
- Current investments +€15,604
up €15,604 (+31.8%), from €49,030 to €64,634
- Intangible fixed assets -€15,000
down €15,000 (-50.9%), from €29,466 to €14,466
- Receivables within one year +€10,518
up €10,518 (+35.5%), from €29,603 to €40,121
of which Trade receivables: +€10,574
- Profit (loss) carried forward -€22,400
down €22,400, from €9,933 to -€12,467
- Debts after one year +€8,415
up €8,415 (+10.5%), from €80,358 to €88,773
of which Financial debts: +€24,333
- Trade debts +€7,094
up €7,094 (+773.2%), from €917 to €8,011
- Tax, wage and social debts +€6,597
up €6,597 (+263877.2%), from €3 to €6,599
of which Taxes: +€4,397
- Current portion of long-term debt +€2,171
up €2,171 (+47.2%), from €4,600 to €6,771
- Gross operating margin -€36,299
down €36,299 (-91.0%), from €39,900 to €3,601
- Taxes -€3,806
down €3,806 (-96.6%), from €3,938 to €132
- Depreciation -€1,329
down €1,329 (-6.2%), from €21,397 to €20,068
- Financial charges +€986
up €986 (+15.7%), from €6,266 to €7,252
- Financial income -€762
down €762 (-22.6%), from €3,371 to €2,608
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 | €167,470 | €168,224 | +€754 | +0.5% |
| Fixed assets | 21/28 | €30,081 | €45,502 | +€15,421 | +51.3% |
| Intangible fixed assets | 21 | €29,466 | €14,466 | -€15,000 | -50.9% |
| Tangible fixed assets | 22/27 | €615 | €31,036 | +€30,421 | +4944.1% |
| Plant, machinery and equipment | 23 | - | €31,036 | +€31,036 | |
| Furniture and vehicles | 24 | €615 | - | -€615 | |
| Current assets | 29/58 | €137,389 | €122,722 | -€14,667 | -10.7% |
| Amounts receivable within one year | 40/41 | €29,603 | €40,121 | +€10,518 | +35.5% |
| Trade receivables | 40 | €317 | €10,891 | +€10,574 | +3336.0% |
| Other amounts receivable | 41 | €29,286 | €29,230 | -€56 | -0.2% |
| Current investments | 50/53 | €49,030 | €64,634 | +€15,604 | +31.8% |
| Cash at bank and in hand | 54/58 | €51,163 | €9,604 | -€41,559 | -81.2% |
| Deferred charges and accrued income | 490/1 | €7,592 | €8,363 | +€770 | +10.1% |
| Total equity and liabilities | 10/49 | €167,470 | €168,224 | +€754 | +0.5% |
| Equity | 10/15 | €75,687 | €53,287 | -€22,400 | -29.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,754 | €60,754 | = | 0.0% |
| Distributable reserves | 133 | €60,754 | €60,754 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,933 | -€12,467 | -€22,400 | |
| Amounts payable | 17/49 | €91,783 | €114,937 | +€23,154 | +25.2% |
| Amounts payable after more than one year | 17 | €80,358 | €88,773 | +€8,415 | +10.5% |
| Financial debts | 170/4 | - | €24,333 | +€24,333 | |
| Other amounts payable | 178/9 | €80,358 | €64,440 | -€15,918 | -19.8% |
| Amounts payable within one year | 42/48 | €6,379 | €21,381 | +€15,002 | +235.2% |
| Current portion of amounts payable after more than one year | 42 | €4,600 | €6,771 | +€2,171 | +47.2% |
| Trade debts | 44 | €917 | €8,011 | +€7,094 | +773.2% |
| Suppliers | 440/4 | €917 | €8,011 | +€7,094 | +773.2% |
| Taxes, remuneration and social security | 45 | €3 | €6,599 | +€6,597 | +263877.2% |
| Taxes | 450/3 | €3 | €4,399 | +€4,397 | +175877.2% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Accrued charges and deferred income | 492/3 | €5,046 | €4,783 | -€263 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,397 | €20,068 | -€1,329 | -6.2% |
| Other operating charges | 640/8 | €878 | €1,157 | +€279 | +31.8% |
| Gross operating margin | 9900 | €39,900 | €3,601 | -€36,299 | -91.0% |
| Operating profit (loss) | 9901 | €17,625 | -€17,625 | -€35,250 | |
| Financial income | 75/76B | €3,371 | €2,608 | -€762 | -22.6% |
| Recurring financial income | 75 | €3,371 | €2,608 | -€762 | -22.6% |
| Financial charges | 65/66B | €6,266 | €7,252 | +€986 | +15.7% |
| Recurring financial charges | 65 | €6,266 | €7,252 | +€986 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €14,730 | -€22,268 | -€36,998 | |
| Income taxes | 67/77 | €3,938 | €132 | -€3,806 | -96.6% |
| Profit (loss) for the period | 9904 | €10,792 | -€22,400 | -€33,192 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,792 | -€22,400 | -€33,192 |
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 2 October 2026 via checked.be.