LBMC: 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.
LBMC
Largest movements
- Cash -€36,010
down €36,010 (-29.0%), from €124,202 to €88,191
mainly Contributions, distributions and other (-€85,000) and Receivables within one year (-€17,184)
- Receivables within one year +€17,184
up €17,184 (+603.3%), from €2,848 to €20,032
of which Trade receivables: +€15,855
- Tangible fixed assets -€1,289
no longer reported in 2025 (was €1,289)
- Other debts -€15,184
down €15,184 (-15.2%), from €100,044 to €84,860
- Tax, wage and social debts -€2,706
down €2,706 (-28.2%), from €9,585 to €6,879
- Profit (loss) carried forward -€2,382
down €2,382 (-19.6%), from €12,150 to €9,768
- Depreciation -€5,053
down €5,053 (-79.7%), from €6,342 to €1,289
- Gross operating margin -€1,352
down €1,352 (-1.2%), from €110,483 to €109,131
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 | €128,363 | €108,249 | -€20,114 | -15.7% |
| Fixed assets | 21/28 | €1,289 | - | -€1,289 | |
| Tangible fixed assets | 22/27 | €1,289 | - | -€1,289 | |
| Furniture and vehicles | 24 | €1,289 | - | -€1,289 | |
| Current assets | 29/58 | €127,074 | €108,249 | -€18,826 | -14.8% |
| Amounts receivable within one year | 40/41 | €2,848 | €20,032 | +€17,184 | +603.3% |
| Trade receivables | 40 | €220 | €16,075 | +€15,855 | +7206.6% |
| Other amounts receivable | 41 | €2,628 | €3,958 | +€1,329 | +50.6% |
| Cash at bank and in hand | 54/58 | €124,202 | €88,191 | -€36,010 | -29.0% |
| Deferred charges and accrued income | 490/1 | €24 | €25 | +€1 | +3.4% |
| Total equity and liabilities | 10/49 | €128,363 | €108,249 | -€20,114 | -15.7% |
| Equity | 10/15 | €18,650 | €16,268 | -€2,382 | -12.8% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,150 | €9,768 | -€2,382 | -19.6% |
| Amounts payable | 17/49 | €109,713 | €91,981 | -€17,732 | -16.2% |
| Amounts payable within one year | 42/48 | €109,713 | €91,981 | -€17,732 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €84 | €241 | +€157 | +186.5% |
| Suppliers | 440/4 | €84 | €241 | +€157 | +186.5% |
| Taxes, remuneration and social security | 45 | €9,585 | €6,879 | -€2,706 | -28.2% |
| Taxes | 450/3 | €9,585 | €6,879 | -€2,706 | -28.2% |
| Other amounts payable | 47/48 | €100,044 | €84,860 | -€15,184 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,342 | €1,289 | -€5,053 | -79.7% |
| Other operating charges | 640/8 | €1,239 | €1,236 | -€3 | -0.3% |
| Gross operating margin | 9900 | €110,483 | €109,131 | -€1,352 | -1.2% |
| Operating profit (loss) | 9901 | €102,902 | €106,606 | +€3,704 | +3.6% |
| Financial charges | 65/66B | €151 | €318 | +€166 | +110.0% |
| Recurring financial charges | 65 | €151 | €318 | +€166 | +110.0% |
| Profit (loss) for the period before taxes | 9903 | €102,751 | €106,289 | +€3,538 | +3.4% |
| Income taxes | 67/77 | €22,822 | €23,671 | +€849 | +3.7% |
| Profit (loss) for the period | 9904 | €79,929 | €82,618 | +€2,689 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €79,929 | €82,618 | +€2,689 | +3.4% |
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 1 October 2026 via checked.be.