LBF Consult: 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.
LBF Consult
Largest movements
- Cash +€75,261
up €75,261 (+101.1%), from €74,418 to €149,679
mainly Net result for the year (+€45,496) and Tax, wage and social debts (+€20,027)
- Receivables within one year -€5,782
down €5,782 (-68.0%), from €8,503 to €2,721
- Reserves +€45,496
up €45,496 (+55.5%), from €82,043 to €127,539
- Tax, wage and social debts +€20,027
up €20,027 (+47.2%), from €42,467 to €62,494
- Gross operating margin -€49,460
down €49,460 (-44.3%), from €111,585 to €62,125
- Taxes -€12,156
down €12,156 (-44.3%), from €27,441 to €15,285
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 | €209,218 | €274,651 | +€65,433 | +31.3% |
| Fixed assets | 21/28 | €8,620 | €6,275 | -€2,345 | -27.2% |
| Tangible fixed assets | 22/27 | €8,560 | €6,215 | -€2,345 | -27.4% |
| Plant, machinery and equipment | 23 | €357 | €141 | -€216 | -60.4% |
| Furniture and vehicles | 24 | €8,204 | €6,074 | -€2,129 | -26.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €200,597 | €268,375 | +€67,778 | +33.8% |
| Stocks and contracts in progress | 3 | €115,429 | €115,694 | +€265 | +0.2% |
| Stocks | 30/36 | €115,429 | €115,694 | +€265 | +0.2% |
| Amounts receivable within one year | 40/41 | €8,503 | €2,721 | -€5,782 | -68.0% |
| Trade receivables | 40 | €8,503 | €2,721 | -€5,782 | -68.0% |
| Cash at bank and in hand | 54/58 | €74,418 | €149,679 | +€75,261 | +101.1% |
| Deferred charges and accrued income | 490/1 | €2,248 | €282 | -€1,966 | -87.5% |
| Total equity and liabilities | 10/49 | €209,218 | €274,651 | +€65,433 | +31.3% |
| Equity | 10/15 | €102,043 | €147,539 | +€45,496 | +44.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €82,043 | €127,539 | +€45,496 | +55.5% |
| Distributable reserves | 133 | €82,043 | €127,539 | +€45,496 | +55.5% |
| Amounts payable | 17/49 | €107,175 | €127,112 | +€19,937 | +18.6% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,950 | €76,270 | +€19,320 | +33.9% |
| Trade debts | 44 | €11,492 | €11,074 | -€417 | -3.6% |
| Suppliers | 440/4 | €11,492 | €11,074 | -€417 | -3.6% |
| Taxes, remuneration and social security | 45 | €42,467 | €62,494 | +€20,027 | +47.2% |
| Taxes | 450/3 | €42,467 | €62,494 | +€20,027 | +47.2% |
| Other amounts payable | 47/48 | €2,991 | €2,702 | -€289 | -9.7% |
| Accrued charges and deferred income | 492/3 | €225 | €841 | +€616 | +273.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,635 | €2,345 | -€290 | -11.0% |
| Other operating charges | 640/8 | €1,030 | €1,023 | -€7 | -0.7% |
| Gross operating margin | 9900 | €111,585 | €62,125 | -€49,460 | -44.3% |
| Operating profit (loss) | 9901 | €107,921 | €58,757 | -€49,164 | -45.6% |
| Financial income | 75/76B | €1,749 | €2,173 | +€424 | +24.3% |
| Recurring financial income | 75 | €1,749 | €2,173 | +€424 | +24.3% |
| Financial charges | 65/66B | €186 | €149 | -€37 | -19.9% |
| Recurring financial charges | 65 | €186 | €149 | -€37 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €109,484 | €60,782 | -€48,702 | -44.5% |
| Income taxes | 67/77 | €27,441 | €15,285 | -€12,156 | -44.3% |
| Profit (loss) for the period | 9904 | €82,043 | €45,496 | -€36,547 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €82,043 | €45,496 | -€36,547 | -44.5% |
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 7 October 2026 via checked.be.