LBGex: 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.
LBGex
Largest movements
- Tangible fixed assets -€22,210
down €22,210 (-32.6%), from €68,122 to €45,912
of which Furniture and vehicles: -€12,143
- Receivables within one year +€20,289
up €20,289 (+366.6%), from €5,535 to €25,824
of which Trade receivables: +€11,089
- Cash -€13,464
down €13,464 (-26.6%), from €50,572 to €37,109
mainly Receivables within one year (-€20,289) and Other debts (-€19,906)
- Profit (loss) carried forward +€25,935
up €25,935 (+171.7%), from €15,103 to €41,038
- Other debts -€19,906
no longer reported in 2025 (was €19,906)
- Debts after one year -€12,351
down €12,351 (-52.0%), from €23,739 to €11,388
- Tax, wage and social debts -€5,882
down €5,882 (-27.5%), from €21,427 to €15,545
of which Taxes: -€8,048
- Current portion of long-term debt -€3,137
down €3,137 (-20.3%), from €15,488 to €12,351
- Gross operating margin +€17,787
up €17,787 (+26.3%), from €67,568 to €85,355
- Staff costs +€14,909
up €14,909 (+79.4%), from €18,771 to €33,680
- Taxes -€7,276
no longer reported in 2025 (was €7,276)
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 | €124,229 | €108,845 | -€15,384 | -12.4% |
| Fixed assets | 21/28 | €68,122 | €45,912 | -€22,210 | -32.6% |
| Tangible fixed assets | 22/27 | €68,122 | €45,912 | -€22,210 | -32.6% |
| Land and buildings | 22 | €22,324 | €19,794 | -€2,530 | -11.3% |
| Plant, machinery and equipment | 23 | €15,859 | €8,322 | -€7,537 | -47.5% |
| Furniture and vehicles | 24 | €29,939 | €17,796 | -€12,143 | -40.6% |
| Current assets | 29/58 | €56,107 | €62,933 | +€6,826 | +12.2% |
| Amounts receivable within one year | 40/41 | €5,535 | €25,824 | +€20,289 | +366.6% |
| Trade receivables | 40 | €4,710 | €15,799 | +€11,089 | +235.4% |
| Other amounts receivable | 41 | €825 | €10,025 | +€9,201 | +1115.8% |
| Cash at bank and in hand | 54/58 | €50,572 | €37,109 | -€13,464 | -26.6% |
| Total equity and liabilities | 10/49 | €124,229 | €108,845 | -€15,384 | -12.4% |
| Equity | 10/15 | €41,278 | €67,213 | +€25,935 | +62.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €16,175 | €16,175 | = | 0.0% |
| Distributable reserves | 133 | €16,175 | €16,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,103 | €41,038 | +€25,935 | +171.7% |
| Amounts payable | 17/49 | €82,951 | €41,632 | -€41,319 | -49.8% |
| Amounts payable after more than one year | 17 | €23,739 | €11,388 | -€12,351 | -52.0% |
| Financial debts | 170/4 | €23,739 | €11,388 | -€12,351 | -52.0% |
| Amounts payable within one year | 42/48 | €59,212 | €30,244 | -€28,968 | -48.9% |
| Current portion of amounts payable after more than one year | 42 | €15,488 | €12,351 | -€3,137 | -20.3% |
| Trade debts | 44 | €2,391 | €2,348 | -€43 | -1.8% |
| Suppliers | 440/4 | €2,391 | €2,348 | -€43 | -1.8% |
| Taxes, remuneration and social security | 45 | €21,427 | €15,545 | -€5,882 | -27.5% |
| Taxes | 450/3 | €17,147 | €9,099 | -€8,048 | -46.9% |
| Remuneration and social security | 454/9 | €4,280 | €6,445 | +€2,165 | +50.6% |
| Other amounts payable | 47/48 | €19,906 | - | -€19,906 | |
| Remuneration, social security and pensions | 62 | €18,771 | €33,680 | +€14,909 | +79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,215 | €24,310 | +€95 | +0.4% |
| Other operating charges | 640/8 | €360 | €909 | +€549 | +152.3% |
| Non-recurring operating charges | 66A | €107 | - | -€107 | |
| Gross operating margin | 9900 | €67,568 | €85,355 | +€17,787 | +26.3% |
| Operating profit (loss) | 9901 | €24,115 | €26,456 | +€2,341 | +9.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.0% |
| Financial charges | 65/66B | €664 | €521 | -€143 | -21.5% |
| Recurring financial charges | 65 | €664 | €521 | -€143 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €23,452 | €25,935 | +€2,484 | +10.6% |
| Income taxes | 67/77 | €7,276 | - | -€7,276 | |
| Profit (loss) for the period | 9904 | €16,175 | €25,935 | +€9,760 | +60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,175 | €25,935 | +€9,760 | +60.3% |
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 4 October 2026 via checked.be.