LBI Project: 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.
LBI Project
Largest movements
- Receivables within one year +€10,618
up €10,618 (+179.1%), from €5,928 to €16,547
of which Trade receivables: +€10,604
- Tangible fixed assets -€1,333
down €1,333 (-25.1%), from €5,310 to €3,977
of which Furniture and vehicles: -€783
- Cash -€528
no longer reported in 2025 (was €528)
mainly Trade debts (-€13,151) and Receivables within one year (-€10,618)
- Profit (loss) carried forward +€23,939
up €23,939 (+44.5%), from -€53,807 to -€29,867
- Trade debts -€13,151
down €13,151 (-23.9%), from €55,008 to €41,856
- Tax, wage and social debts -€1,431
down €1,431 (-37.8%), from €3,785 to €2,355
- Other debts -€639
down €639 (-13.9%), from €4,579 to €3,941
- Gross operating margin +€16,476
up €16,476 (+137.2%), from €12,005 to €28,481
- Other operating charges +€2,607
up €2,607 (+2607.0%), from €100 to €2,707
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 | €12,566 | €21,323 | +€8,758 | +69.7% |
| Fixed assets | 21/28 | €6,110 | €4,777 | -€1,333 | -21.8% |
| Tangible fixed assets | 22/27 | €5,310 | €3,977 | -€1,333 | -25.1% |
| Plant, machinery and equipment | 23 | €4,527 | €3,977 | -€550 | -12.2% |
| Furniture and vehicles | 24 | €783 | - | -€783 | |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €6,456 | €16,547 | +€10,091 | +156.3% |
| Amounts receivable within one year | 40/41 | €5,928 | €16,547 | +€10,618 | +179.1% |
| Trade receivables | 40 | €5,928 | €16,532 | +€10,604 | +178.9% |
| Other amounts receivable | 41 | - | €14 | +€14 | |
| Cash at bank and in hand | 54/58 | €528 | - | -€528 | |
| Total equity and liabilities | 10/49 | €12,566 | €21,323 | +€8,758 | +69.7% |
| Equity | 10/15 | -€50,807 | -€26,867 | +€23,939 | +47.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,807 | -€29,867 | +€23,939 | +44.5% |
| Amounts payable | 17/49 | €63,372 | €48,190 | -€15,182 | -24.0% |
| Amounts payable within one year | 42/48 | €63,372 | €48,190 | -€15,182 | -24.0% |
| Financial debts | 43 | - | €39 | +€39 | |
| Credit institutions | 430/8 | - | €39 | +€39 | |
| Trade debts | 44 | €55,008 | €41,856 | -€13,151 | -23.9% |
| Suppliers | 440/4 | €55,008 | €41,856 | -€13,151 | -23.9% |
| Taxes, remuneration and social security | 45 | €3,785 | €2,355 | -€1,431 | -37.8% |
| Taxes | 450/3 | €3,785 | €2,355 | -€1,431 | -37.8% |
| Other amounts payable | 47/48 | €4,579 | €3,941 | -€639 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,539 | €1,333 | -€206 | -13.4% |
| Other operating charges | 640/8 | €100 | €2,707 | +€2,607 | +2607.0% |
| Gross operating margin | 9900 | €12,005 | €28,481 | +€16,476 | +137.2% |
| Operating profit (loss) | 9901 | €10,366 | €24,441 | +€14,076 | +135.8% |
| Financial charges | 65/66B | €398 | €502 | +€104 | +26.1% |
| Recurring financial charges | 65 | €398 | €502 | +€104 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €9,967 | €23,939 | +€13,972 | +140.2% |
| Profit (loss) for the period | 9904 | €9,967 | €23,939 | +€13,972 | +140.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,967 | €23,939 | +€13,972 | +140.2% |
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 8 October 2026 via checked.be.