LBLH Protect: 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.
LBLH Protect
Largest movements
- Intangible fixed assets -€323,068
down €323,068 (-12.2%), from €2.7m to €2.3m
- Receivables within one year +€63,092
up €63,092 (+39.2%), from €161,128 to €224,221
of which Trade receivables: +€33,050
- Tangible fixed assets +€54,638
up €54,638 (+201.9%), from €27,068 to €81,706
of which Furniture and vehicles: +€48,606
- Cash -€42,226
down €42,226 (-52.1%), from €81,070 to €38,844
mainly Debts after one year (-€299,259) and Net result for the year (-€149,142)
- Debts after one year -€299,259
down €299,259 (-12.7%), from €2.3m to €2.1m
- Profit (loss) carried forward -€149,142
down €149,142 (-2628.9%), from -€5,673 to -€154,815
- Short-term financial debts +€111,010
up €111,010 (+444.0%), from €25,000 to €136,010
- Other debts +€78,395
up €78,395 (+45.4%), from €172,744 to €251,139
- Current portion of long-term debt +€60,527
up €60,527 (+15.8%), from €382,005 to €442,532
- Gross operating margin -€184,602
down €184,602 (-15.0%), from €1.2m to €1.0m
- Staff costs +€116,835
up €116,835 (+19.8%), from €590,945 to €707,780
- Taxes +€20,583
up €20,583 (+83.0%), from €24,791 to €45,374
- Depreciation +€16,426
up €16,426 (+4.9%), from €336,970 to €353,396
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 | €3,170,023 | €2,917,597 | -€252,426 | -8.0% |
| Fixed assets | 21/28 | €2,690,721 | €2,426,821 | -€263,900 | -9.8% |
| Intangible fixed assets | 21 | €2,657,503 | €2,334,435 | -€323,068 | -12.2% |
| Tangible fixed assets | 22/27 | €27,068 | €81,706 | +€54,638 | +201.9% |
| Furniture and vehicles | 24 | €15,142 | €63,749 | +€48,606 | +321.0% |
| Other tangible fixed assets | 26 | €11,926 | €17,958 | +€6,032 | +50.6% |
| Financial fixed assets | 28 | €6,150 | €10,680 | +€4,530 | +73.7% |
| Current assets | 29/58 | €479,303 | €490,776 | +€11,473 | +2.4% |
| Amounts receivable within one year | 40/41 | €161,128 | €224,221 | +€63,092 | +39.2% |
| Trade receivables | 40 | €113,920 | €146,970 | +€33,050 | +29.0% |
| Other amounts receivable | 41 | €47,209 | €77,251 | +€30,042 | +63.6% |
| Cash at bank and in hand | 54/58 | €81,070 | €38,844 | -€42,226 | -52.1% |
| Deferred charges and accrued income | 490/1 | €237,104 | €227,711 | -€9,393 | -4.0% |
| Total equity and liabilities | 10/49 | €3,170,023 | €2,917,597 | -€252,426 | -8.0% |
| Equity | 10/15 | €34,327 | -€114,815 | -€149,142 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,673 | -€154,815 | -€149,142 | -2628.9% |
| Amounts payable | 17/49 | €3,135,697 | €3,032,412 | -€103,284 | -3.3% |
| Amounts payable after more than one year | 17 | €2,349,426 | €2,050,167 | -€299,259 | -12.7% |
| Financial debts | 170/4 | €2,349,426 | €2,050,167 | -€299,259 | -12.7% |
| Amounts payable within one year | 42/48 | €786,271 | €982,245 | +€195,974 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €382,005 | €442,532 | +€60,527 | +15.8% |
| Financial debts | 43 | €25,000 | €136,010 | +€111,010 | +444.0% |
| Credit institutions | 430/8 | €25,000 | €136,010 | +€111,010 | +444.0% |
| Trade debts | 44 | €107,840 | €60,365 | -€47,475 | -44.0% |
| Suppliers | 440/4 | €107,840 | €60,365 | -€47,475 | -44.0% |
| Taxes, remuneration and social security | 45 | €98,682 | €92,200 | -€6,482 | -6.6% |
| Taxes | 450/3 | €24,763 | - | -€24,763 | |
| Remuneration and social security | 454/9 | €73,918 | €92,200 | +€18,282 | +24.7% |
| Other amounts payable | 47/48 | €172,744 | €251,139 | +€78,395 | +45.4% |
| Remuneration, social security and pensions | 62 | €590,945 | €707,780 | +€116,835 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336,970 | €353,396 | +€16,426 | +4.9% |
| Other operating charges | 640/8 | €8,905 | €6,143 | -€2,762 | -31.0% |
| Gross operating margin | 9900 | €1,231,830 | €1,047,228 | -€184,602 | -15.0% |
| Operating profit (loss) | 9901 | €295,011 | -€20,091 | -€315,102 | |
| Financial income | 75/76B | €56 | €2,100 | +€2,044 | +3674.4% |
| Recurring financial income | 75 | €56 | €2,100 | +€2,044 | +3674.4% |
| Financial charges | 65/66B | €81,508 | €85,777 | +€4,269 | +5.2% |
| Recurring financial charges | 65 | €81,508 | €85,777 | +€4,269 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €213,558 | -€103,768 | -€317,326 | |
| Income taxes | 67/77 | €24,791 | €45,374 | +€20,583 | +83.0% |
| Profit (loss) for the period | 9904 | €188,767 | -€149,142 | -€337,909 | |
| Profit (loss) for the period to be appropriated | 9905 | €188,767 | -€149,142 | -€337,909 |
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 3 October 2026 via checked.be.