LBM 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.
LBM GROUP
Largest movements
- Receivables within one year +€373,616
up €373,616 (+98.3%), from €380,000 to €753,616
of which Other amounts receivable: +€373,616
- Cash -€236,721
down €236,721 (-82.5%), from €286,835 to €50,114
mainly Debts after one year (-€429,455) and Receivables within one year (-€373,616)
- Other debts +€474,013
up €474,013 (+166.6%), from €284,601 to €758,614
- Debts after one year -€429,455
down €429,455 (-9.9%), from €4.3m to €3.9m
- Reserves +€71,134
up €71,134 (+164.0%), from €43,369 to €114,504
of which Distributable reserves: +€71,134
- Financial charges -€14,407
down €14,407 (-7.3%), from €197,922 to €183,515
- Taxes +€8,253
up €8,253 (+50.8%), from €16,245 to €24,498
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 | €5,291,835 | €5,428,730 | +€136,895 | +2.6% |
| Fixed assets | 21/28 | €4,625,000 | €4,625,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,625,000 | €4,625,000 | = | 0.0% |
| Current assets | 29/58 | €666,835 | €803,730 | +€136,895 | +20.5% |
| Amounts receivable within one year | 40/41 | €380,000 | €753,616 | +€373,616 | +98.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €380,000 | €753,616 | +€373,616 | +98.3% |
| Cash at bank and in hand | 54/58 | €286,835 | €50,114 | -€236,721 | -82.5% |
| Total equity and liabilities | 10/49 | €5,291,835 | €5,428,730 | +€136,895 | +2.6% |
| Equity | 10/15 | €223,369 | €294,504 | +€71,134 | +31.8% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Capital | 10 | €180,000 | €180,000 | = | 0.0% |
| Issued capital | 100 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €43,369 | €114,504 | +€71,134 | +164.0% |
| Non-distributable reserves | 130/1 | €18,000 | €18,000 | = | 0.0% |
| Legal reserve | 130 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €25,369 | €96,504 | +€71,134 | +280.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €5,068,466 | €5,134,226 | +€65,761 | +1.3% |
| Amounts payable after more than one year | 17 | €4,343,393 | €3,913,938 | -€429,455 | -9.9% |
| Financial debts | 170/4 | €4,343,393 | €3,913,938 | -€429,455 | -9.9% |
| Amounts payable within one year | 42/48 | €714,240 | €1,211,061 | +€496,820 | +69.6% |
| Current portion of amounts payable after more than one year | 42 | €410,196 | €429,455 | +€19,259 | +4.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,198 | €2,249 | -€950 | -29.7% |
| Suppliers | 440/4 | €3,198 | €2,249 | -€950 | -29.7% |
| Taxes, remuneration and social security | 45 | €16,245 | €20,743 | +€4,498 | +27.7% |
| Taxes | 450/3 | €16,245 | €20,743 | +€4,498 | +27.7% |
| Other amounts payable | 47/48 | €284,601 | €758,614 | +€474,013 | +166.6% |
| Accrued charges and deferred income | 492/3 | €10,832 | €9,228 | -€1,605 | -14.8% |
| Other operating charges | 640/8 | €513 | €219 | -€294 | -57.3% |
| Gross operating margin | 9900 | €277,382 | €279,366 | +€1,984 | +0.7% |
| Operating profit (loss) | 9901 | €276,868 | €279,147 | +€2,278 | +0.8% |
| Financial charges | 65/66B | €197,922 | €183,515 | -€14,407 | -7.3% |
| Recurring financial charges | 65 | €197,922 | €183,515 | -€14,407 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €78,947 | €95,632 | +€16,686 | +21.1% |
| Income taxes | 67/77 | €16,245 | €24,498 | +€8,253 | +50.8% |
| Profit (loss) for the period | 9904 | €62,702 | €71,134 | +€8,432 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,702 | €71,134 | +€8,432 | +13.4% |
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.