LBG IMMOBILIER: 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.
LBG IMMOBILIER
Largest movements
- Stocks and contracts -€40,360
down €40,360 (-31.1%), from €129,755 to €89,395
- Tangible fixed assets +€20,003
new in 2025: €20,003
- Cash -€4,285
down €4,285 (-97.3%), from €4,406 to €121
mainly Other debts (-€88,842) and Investment in fixed assets (net) (-€21,363)
- Receivables within one year -€2,791
down €2,791 (-13.6%), from €20,583 to €17,792
of which Trade receivables: -€3,987
- Other debts -€88,842
down €88,842 (-73.3%), from €121,127 to €32,284
- Profit (loss) carried forward +€45,558
up €45,558, from -€2,575 to €42,983
- Trade debts +€13,049
up €13,049 (+3,536%), from €369 to €13,418
- Tax, wage and social debts +€2,801
up €2,801 (+217%), from €1,288 to €4,089
- Gross operating margin +€32,743
up €32,743 (+166%), from €19,698 to €52,441
- Other operating charges -€6,025
down €6,025 (-70.5%), from €8,544 to €2,519
- Taxes +€2,801
new in 2025: €2,801
- Depreciation +€1,361
new in 2025: €1,361
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 | €155,324 | €127,891 | -€27,433 | -17.7% |
| Fixed assets | 21/28 | €580 | €20,583 | +€20,003 | +3,449% |
| Tangible fixed assets | 22/27 | - | €20,003 | +€20,003 | |
| Plant, machinery and equipment | 23 | - | €20,003 | +€20,003 | |
| Financial fixed assets | 28 | €580 | €580 | = | 0.0% |
| Current assets | 29/58 | €154,744 | €107,308 | -€47,436 | -30.7% |
| Stocks and contracts in progress | 3 | €129,755 | €89,395 | -€40,360 | -31.1% |
| Stocks | 30/36 | €129,755 | €89,395 | -€40,360 | -31.1% |
| Amounts receivable within one year | 40/41 | €20,583 | €17,792 | -€2,791 | -13.6% |
| Trade receivables | 40 | €17,982 | €13,995 | -€3,987 | -22.2% |
| Other amounts receivable | 41 | €2,601 | €3,797 | +€1,196 | +46.0% |
| Cash at bank and in hand | 54/58 | €4,406 | €121 | -€4,285 | -97.3% |
| Total equity and liabilities | 10/49 | €155,324 | €127,891 | -€27,433 | -17.7% |
| Equity | 10/15 | €17,885 | €63,443 | +€45,558 | +255% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,575 | €42,983 | +€45,558 | |
| Amounts payable | 17/49 | €137,439 | €64,447 | -€72,992 | -53.1% |
| Amounts payable within one year | 42/48 | €137,439 | €64,447 | -€72,992 | -53.1% |
| Trade debts | 44 | €369 | €13,418 | +€13,049 | +3,536% |
| Suppliers | 440/4 | €369 | €13,418 | +€13,049 | +3,536% |
| Advances received on contracts in progress | 46 | €14,655 | €14,655 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,288 | €4,089 | +€2,801 | +217% |
| Taxes | 450/3 | €1,288 | €4,089 | +€2,801 | +217% |
| Other amounts payable | 47/48 | €121,127 | €32,284 | -€88,842 | -73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,361 | +€1,361 | |
| Other operating charges | 640/8 | €8,544 | €2,519 | -€6,025 | -70.5% |
| Gross operating margin | 9900 | €19,698 | €52,441 | +€32,743 | +166% |
| Operating profit (loss) | 9901 | €11,154 | €48,561 | +€37,407 | +335% |
| Financial income | 75/76B | €43 | - | -€43 | |
| Recurring financial income | 75 | €43 | - | -€43 | |
| Financial charges | 65/66B | €79 | €201 | +€122 | +155% |
| Recurring financial charges | 65 | €79 | €201 | +€122 | +155% |
| Profit (loss) for the period before taxes | 9903 | €11,118 | €48,360 | +€37,242 | +335% |
| Income taxes | 67/77 | - | €2,801 | +€2,801 | |
| Profit (loss) for the period | 9904 | €11,118 | €45,558 | +€34,440 | +310% |
| Profit (loss) for the period to be appropriated | 9905 | €11,118 | €45,558 | +€34,440 | +310% |
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 25 October 2026 via checked.be.