LBG: 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.
LBG
Largest movements
- Cash -€15,019
down €15,019 (-95.7%), from €15,693 to €674
mainly Tax, wage and social debts (-€28,950) and Deferred charges and accrued income (-€8,070)
- Deferred charges and accrued income +€8,070
up €8,070 (+42.9%), from €18,831 to €26,901
- Tax, wage and social debts -€28,950
down €28,950 (-89.2%), from €32,439 to €3,489
- Other debts +€15,945
up €15,945 (+75.1%), from €21,221 to €37,165
- Reserves +€4,454
up €4,454 (+1.9%), from €238,415 to €242,869
of which Distributable reserves: +€4,454
- Taxes -€714
down €714 (-38.8%), from €1,842 to €1,127
- Gross operating margin +€595
up €595 (+26.0%), from -€2,291 to -€1,696
- Other operating charges -€240
down €240 (-37.5%), from €640 to €400
- Financial charges +€64
up €64 (+19.4%), from €329 to €393
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 | €304,475 | €297,675 | -€6,799 | -2.2% |
| Current assets | 29/58 | €304,475 | €297,675 | -€6,799 | -2.2% |
| Amounts receivable after more than one year | 29 | €269,000 | €269,000 | = | 0.0% |
| Other amounts receivable | 291 | €269,000 | €269,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €950 | €1,100 | +€149 | +15.7% |
| Other amounts receivable | 41 | €950 | €1,100 | +€149 | +15.7% |
| Cash at bank and in hand | 54/58 | €15,693 | €674 | -€15,019 | -95.7% |
| Deferred charges and accrued income | 490/1 | €18,831 | €26,901 | +€8,070 | +42.9% |
| Total equity and liabilities | 10/49 | €304,475 | €297,675 | -€6,799 | -2.2% |
| Equity | 10/15 | €250,815 | €255,269 | +€4,454 | +1.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €238,415 | €242,869 | +€4,454 | +1.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €236,560 | €241,014 | +€4,454 | +1.9% |
| Amounts payable | 17/49 | €53,660 | €42,406 | -€11,254 | -21.0% |
| Amounts payable within one year | 42/48 | €53,660 | €42,406 | -€11,254 | -21.0% |
| Trade debts | 44 | - | €1,752 | +€1,752 | |
| Suppliers | 440/4 | - | €1,752 | +€1,752 | |
| Taxes, remuneration and social security | 45 | €32,439 | €3,489 | -€28,950 | -89.2% |
| Taxes | 450/3 | €32,439 | €3,489 | -€28,950 | -89.2% |
| Other amounts payable | 47/48 | €21,221 | €37,165 | +€15,945 | +75.1% |
| Other operating charges | 640/8 | €640 | €400 | -€240 | -37.5% |
| Gross operating margin | 9900 | -€2,291 | -€1,696 | +€595 | +26.0% |
| Operating profit (loss) | 9901 | -€2,931 | -€2,095 | +€836 | +28.5% |
| Financial income | 75/76B | €8,070 | €8,070 | = | 0.0% |
| Recurring financial income | 75 | €8,070 | €8,070 | = | 0.0% |
| Financial charges | 65/66B | €329 | €393 | +€64 | +19.4% |
| Recurring financial charges | 65 | €329 | €393 | +€64 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €4,810 | €5,582 | +€772 | +16.0% |
| Income taxes | 67/77 | €1,842 | €1,127 | -€714 | -38.8% |
| Profit (loss) for the period | 9904 | €2,968 | €4,454 | +€1,486 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,968 | €4,454 | +€1,486 | +50.1% |
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.