LBH GROUP: 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.
LBH GROUP
Largest movements
- Stocks and contracts -€5,447
down €5,447 (-73.1%), from €7,447 to €2,000
- Tangible fixed assets -€4,501
down €4,501 (-25.0%), from €18,001 to €13,500
- Intangible fixed assets -€2,500
down €2,500 (-25.0%), from €10,000 to €7,500
- Cash -€2,251
down €2,251 (-11.5%), from €19,506 to €17,256
mainly Net result for the year (-€20,772) and Tax, wage and social debts (-€5,154)
- Profit (loss) carried forward -€20,772
down €20,772, from €7,241 to -€13,530
- Other debts +€13,882
up €13,882 (+78.4%), from €17,705 to €31,587
- Tax, wage and social debts -€5,154
down €5,154 (-66.7%), from €7,723 to €2,570
of which Remuneration and social security: -€3,461
- Trade debts -€2,654
down €2,654 (-55.0%), from €4,829 to €2,174
- Gross operating margin -€30,317
down €30,317 (-52.3%), from €57,936 to €27,619
- Other operating charges -€3,822
down €3,822 (-47.4%), from €8,071 to €4,249
- Staff costs -€2,161
down €2,161 (-5.6%), from €38,852 to €36,691
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 | €56,098 | €41,400 | -€14,698 | -26.2% |
| Fixed assets | 21/28 | €29,145 | €22,145 | -€7,001 | -24.0% |
| Intangible fixed assets | 21 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Tangible fixed assets | 22/27 | €18,001 | €13,500 | -€4,501 | -25.0% |
| Plant, machinery and equipment | 23 | €18,001 | €13,500 | -€4,501 | -25.0% |
| Financial fixed assets | 28 | €1,145 | €1,145 | = | 0.0% |
| Current assets | 29/58 | €26,953 | €19,256 | -€7,697 | -28.6% |
| Stocks and contracts in progress | 3 | €7,447 | €2,000 | -€5,447 | -73.1% |
| Stocks | 30/36 | €7,447 | €2,000 | -€5,447 | -73.1% |
| Cash at bank and in hand | 54/58 | €19,506 | €17,256 | -€2,251 | -11.5% |
| Total equity and liabilities | 10/49 | €56,098 | €41,400 | -€14,698 | -26.2% |
| Equity | 10/15 | €25,841 | €5,070 | -€20,772 | -80.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,241 | -€13,530 | -€20,772 | |
| Amounts payable | 17/49 | €30,257 | €36,331 | +€6,074 | +20.1% |
| Amounts payable within one year | 42/48 | €30,257 | €36,331 | +€6,074 | +20.1% |
| Trade debts | 44 | €4,829 | €2,174 | -€2,654 | -55.0% |
| Suppliers | 440/4 | €4,829 | €2,174 | -€2,654 | -55.0% |
| Taxes, remuneration and social security | 45 | €7,723 | €2,570 | -€5,154 | -66.7% |
| Taxes | 450/3 | €4,262 | €2,570 | -€1,692 | -39.7% |
| Remuneration and social security | 454/9 | €3,461 | - | -€3,461 | |
| Other amounts payable | 47/48 | €17,705 | €31,587 | +€13,882 | +78.4% |
| Remuneration, social security and pensions | 62 | €38,852 | €36,691 | -€2,161 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,220 | €7,001 | -€219 | -3.0% |
| Other operating charges | 640/8 | €8,071 | €4,249 | -€3,822 | -47.4% |
| Gross operating margin | 9900 | €57,936 | €27,619 | -€30,317 | -52.3% |
| Operating profit (loss) | 9901 | €3,793 | -€20,322 | -€24,115 | |
| Financial charges | 65/66B | €437 | €450 | +€13 | +3.0% |
| Recurring financial charges | 65 | €437 | €450 | +€13 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €3,356 | -€20,772 | -€24,128 | |
| Profit (loss) for the period | 9904 | €3,356 | -€20,772 | -€24,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,356 | -€20,772 | -€24,128 |
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.