LBF AVOCAT: 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.
LBF AVOCAT
Largest movements
- Cash -€9,931
down €9,931 (-13.7%), from €72,531 to €62,600
mainly Other debts (-€42,754) and Tax, wage and social debts (-€13,006)
- Receivables within one year -€2,774
down €2,774 (-79.0%), from €3,511 to €737
- Tangible fixed assets -€1,000
down €1,000 (-38.7%), from €2,580 to €1,581
- Other debts -€42,754
down €42,754 (-81.3%), from €52,582 to €9,827
- Reserves +€42,052
up €42,052 (+8,307%), from €506 to €42,558
- Tax, wage and social debts -€13,006
down €13,006 (-59.0%), from €22,046 to €9,040
of which Taxes: -€13,006
- Gross operating margin +€11,829
up €11,829 (+27.3%), from €43,260 to €55,089
- Taxes +€2,355
up €2,355 (+26.2%), from €9,002 to €11,357
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 | €78,623 | €64,918 | -€13,705 | -17.4% |
| Fixed assets | 21/28 | €2,580 | €1,581 | -€1,000 | -38.7% |
| Tangible fixed assets | 22/27 | €2,580 | €1,581 | -€1,000 | -38.7% |
| Furniture and vehicles | 24 | €2,580 | €1,581 | -€1,000 | -38.7% |
| Current assets | 29/58 | €76,043 | €63,338 | -€12,705 | -16.7% |
| Amounts receivable within one year | 40/41 | €3,511 | €737 | -€2,774 | -79.0% |
| Other amounts receivable | 41 | €3,511 | €737 | -€2,774 | -79.0% |
| Cash at bank and in hand | 54/58 | €72,531 | €62,600 | -€9,931 | -13.7% |
| Total equity and liabilities | 10/49 | €78,623 | €64,918 | -€13,705 | -17.4% |
| Equity | 10/15 | €3,506 | €45,558 | +€42,052 | +1,199% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €506 | €42,558 | +€42,052 | +8,307% |
| Distributable reserves | 133 | €506 | €42,558 | +€42,052 | +8,307% |
| Amounts payable | 17/49 | €75,117 | €19,360 | -€55,756 | -74.2% |
| Amounts payable within one year | 42/48 | €75,117 | €19,360 | -€55,756 | -74.2% |
| Trade debts | 44 | €488 | €493 | +€4 | +0.9% |
| Suppliers | 440/4 | €488 | €493 | +€4 | +0.9% |
| Taxes, remuneration and social security | 45 | €22,046 | €9,040 | -€13,006 | -59.0% |
| Taxes | 450/3 | €19,356 | €6,350 | -€13,006 | -67.2% |
| Remuneration and social security | 454/9 | €2,690 | €2,690 | = | 0.0% |
| Other amounts payable | 47/48 | €52,582 | €9,827 | -€42,754 | -81.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €1,000 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €427 | +€40 | +10.2% |
| Gross operating margin | 9900 | €43,260 | €55,089 | +€11,829 | +27.3% |
| Operating profit (loss) | 9901 | €41,873 | €53,662 | +€11,790 | +28.2% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €127 | €254 | +€127 | +100% |
| Recurring financial charges | 65 | €127 | €254 | +€127 | +100% |
| Profit (loss) for the period before taxes | 9903 | €41,754 | €53,409 | +€11,655 | +27.9% |
| Income taxes | 67/77 | €9,002 | €11,357 | +€2,355 | +26.2% |
| Profit (loss) for the period | 9904 | €32,751 | €42,052 | +€9,300 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,751 | €42,052 | +€9,300 | +28.4% |
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 18 October 2026 via checked.be.