LBK: 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.
LBK
Largest movements
- Tangible fixed assets -€33,109
down €33,109 (-4.2%), from €783,646 to €750,537
- Cash -€19,321
down €19,321 (-40.3%), from €47,905 to €28,584
mainly Debts after one year (-€43,437) and Net result for the year (-€8,655)
- Debts after one year -€43,437
down €43,437 (-9.9%), from €439,944 to €396,507
of which Financial debts: -€43,437
- Profit (loss) carried forward -€8,655
down €8,655 (-5.1%), from €171,052 to €162,397
- Gross operating margin -€17,336
down €17,336 (-26.7%), from €64,826 to €47,490
- Financial charges -€8,337
down €8,337 (-52.2%), from €15,958 to €7,621
of which Non-recurring financial charges: -€6,138
- Taxes +€2,125
up €2,125 (+351.8%), from €604 to €2,729
- Other operating charges -€1,740
down €1,740 (-12.1%), from €14,427 to €12,687
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 | €858,657 | €806,877 | -€51,780 | -6.0% |
| Fixed assets | 21/28 | €783,919 | €750,810 | -€33,109 | -4.2% |
| Tangible fixed assets | 22/27 | €783,646 | €750,537 | -€33,109 | -4.2% |
| Land and buildings | 22 | €783,646 | €750,537 | -€33,109 | -4.2% |
| Financial fixed assets | 28 | €273 | €273 | = | 0.0% |
| Current assets | 29/58 | €74,738 | €56,067 | -€18,671 | -25.0% |
| Amounts receivable within one year | 40/41 | €6,833 | €7,483 | +€650 | +9.5% |
| Trade receivables | 40 | €4,742 | €5,528 | +€786 | +16.6% |
| Other amounts receivable | 41 | €2,091 | €1,955 | -€136 | -6.5% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,905 | €28,584 | -€19,321 | -40.3% |
| Total equity and liabilities | 10/49 | €858,657 | €806,877 | -€51,780 | -6.0% |
| Equity | 10/15 | €222,574 | €213,919 | -€8,655 | -3.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €32,930 | €32,930 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,079 | €30,079 | = | 0.0% |
| Distributable reserves | 133 | €992 | €992 | = | 0.0% |
| Profit (loss) carried forward | 14 | €171,052 | €162,397 | -€8,655 | -5.1% |
| Amounts payable | 17/49 | €636,083 | €592,958 | -€43,125 | -6.8% |
| Amounts payable after more than one year | 17 | €439,944 | €396,507 | -€43,437 | -9.9% |
| Financial debts | 170/4 | €427,440 | €384,003 | -€43,437 | -10.2% |
| Other amounts payable | 178/9 | €12,504 | €12,504 | = | 0.0% |
| Amounts payable within one year | 42/48 | €196,139 | €196,451 | +€312 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €40,380 | €42,535 | +€2,155 | +5.3% |
| Trade debts | 44 | €116,880 | €113,715 | -€3,165 | -2.7% |
| Suppliers | 440/4 | €116,880 | €113,715 | -€3,165 | -2.7% |
| Other amounts payable | 47/48 | €38,879 | €40,201 | +€1,322 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,109 | €33,109 | = | 0.0% |
| Other operating charges | 640/8 | €14,427 | €12,687 | -€1,740 | -12.1% |
| Gross operating margin | 9900 | €64,826 | €47,490 | -€17,336 | -26.7% |
| Operating profit (loss) | 9901 | €17,290 | €1,694 | -€15,596 | -90.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €15,958 | €7,621 | -€8,337 | -52.2% |
| Recurring financial charges | 65 | €9,820 | €7,621 | -€2,199 | -22.4% |
| Non-recurring financial charges | 66B | €6,138 | - | -€6,138 | |
| Profit (loss) for the period before taxes | 9903 | €1,332 | -€5,926 | -€7,258 | |
| Income taxes | 67/77 | €604 | €2,729 | +€2,125 | +351.8% |
| Profit (loss) for the period | 9904 | €728 | -€8,655 | -€9,383 | |
| Profit (loss) for the period to be appropriated | 9905 | €728 | -€8,655 | -€9,383 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.