LBG PROPERTIES: 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 PROPERTIES
Largest movements
- Cash +€54,852
up €54,852 (+112.8%), from €48,613 to €103,465
mainly Net result for the year (+€91,198) and Depreciation (+€45,098)
- Tangible fixed assets -€43,349
down €43,349 (-3.6%), from €1.2m to €1.2m
of which Land and buildings: -€45,000
- Debts after one year -€109,933
down €109,933 (-19.3%), from €568,512 to €458,579
- Profit (loss) carried forward +€91,198
up €91,198 (+21.0%), from €434,543 to €525,741
- Current portion of long-term debt +€18,067
up €18,067 (+16.6%), from €108,571 to €126,638
- Gross operating margin +€40,234
up €40,234 (+28.8%), from €139,857 to €180,091
- Taxes +€10,727
up €10,727 (+53.2%), from €20,159 to €30,886
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 | €1,253,465 | €1,260,876 | +€7,411 | +0.6% |
| Fixed assets | 21/28 | €1,200,000 | €1,156,651 | -€43,349 | -3.6% |
| Tangible fixed assets | 22/27 | €1,200,000 | €1,156,651 | -€43,349 | -3.6% |
| Land and buildings | 22 | €1,200,000 | €1,155,000 | -€45,000 | -3.8% |
| Plant, machinery and equipment | 23 | - | €1,651 | +€1,651 | |
| Current assets | 29/58 | €53,465 | €104,225 | +€50,760 | +94.9% |
| Amounts receivable within one year | 40/41 | €4,852 | - | -€4,852 | |
| Other amounts receivable | 41 | €4,852 | - | -€4,852 | |
| Cash at bank and in hand | 54/58 | €48,613 | €103,465 | +€54,852 | +112.8% |
| Deferred charges and accrued income | 490/1 | - | €760 | +€760 | |
| Total equity and liabilities | 10/49 | €1,253,465 | €1,260,876 | +€7,411 | +0.6% |
| Equity | 10/15 | €530,964 | €622,162 | +€91,198 | +17.2% |
| Contributions | 10/11 | €96,421 | €96,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | €434,543 | €525,741 | +€91,198 | +21.0% |
| Amounts payable | 17/49 | €722,502 | €638,714 | -€83,787 | -11.6% |
| Amounts payable after more than one year | 17 | €568,512 | €458,579 | -€109,933 | -19.3% |
| Other amounts payable | 178/9 | €568,512 | €458,579 | -€109,933 | -19.3% |
| Amounts payable within one year | 42/48 | €151,992 | €178,075 | +€26,083 | +17.2% |
| Current portion of amounts payable after more than one year | 42 | €108,571 | €126,638 | +€18,067 | +16.6% |
| Trade debts | 44 | - | €148 | +€148 | |
| Suppliers | 440/4 | - | €148 | +€148 | |
| Taxes, remuneration and social security | 45 | - | €1,868 | +€1,868 | |
| Taxes | 450/3 | - | €1,868 | +€1,868 | |
| Other amounts payable | 47/48 | €43,421 | €49,421 | +€6,000 | +13.8% |
| Accrued charges and deferred income | 492/3 | €1,998 | €2,060 | +€63 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,000 | €45,098 | +€98 | +0.2% |
| Other operating charges | 640/8 | €4,878 | €5,025 | +€148 | +3.0% |
| Gross operating margin | 9900 | €139,857 | €180,091 | +€40,234 | +28.8% |
| Operating profit (loss) | 9901 | €89,979 | €129,968 | +€39,988 | +44.4% |
| Financial income | 75/76B | €72 | €124 | +€52 | +71.7% |
| Recurring financial income | 75 | €72 | €124 | +€52 | +71.7% |
| Financial charges | 65/66B | €9,415 | €8,007 | -€1,409 | -15.0% |
| Recurring financial charges | 65 | €9,415 | €8,007 | -€1,409 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €80,636 | €122,085 | +€41,449 | +51.4% |
| Income taxes | 67/77 | €20,159 | €30,886 | +€10,727 | +53.2% |
| Profit (loss) for the period | 9904 | €60,477 | €91,198 | +€30,721 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,477 | €91,198 | +€30,721 | +50.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.