LBMT: 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.
LBMT
Largest movements
- Tangible fixed assets +€22,163
new in 2025: €22,163
- Cash +€9,795
up €9,795 (+12.4%), from €78,924 to €88,720
mainly Net result for the year (+€68,527) and Receivables within one year (+€3,022)
- Receivables after one year +€5,512
new in 2025: €5,512
- Current investments +€3,936
new in 2025: €3,936
- Receivables within one year -€3,022
down €3,022 (-11.7%), from €25,771 to €22,750
of which Trade receivables: -€15,789
- Reserves +€51,384
up €51,384 (+124.1%), from €41,399 to €92,783
- Trade debts -€13,542
down €13,542 (-96.9%), from €13,973 to €431
- Gross operating margin +€15,580
up €15,580 (+19.2%), from €81,246 to €96,825
- Financial charges +€2,529
up €2,529 (+1867.0%), from €135 to €2,665
- Taxes +€1,916
up €1,916 (+8.5%), from €22,569 to €24,485
- Depreciation +€1,215
new in 2025: €1,215
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 | €104,696 | €143,169 | +€38,473 | +36.7% |
| Fixed assets | 21/28 | - | €22,163 | +€22,163 | |
| Tangible fixed assets | 22/27 | - | €22,163 | +€22,163 | |
| Other tangible fixed assets | 26 | - | €22,163 | +€22,163 | |
| Current assets | 29/58 | €104,696 | €121,006 | +€16,310 | +15.6% |
| Amounts receivable after more than one year | 29 | - | €5,512 | +€5,512 | |
| Other amounts receivable | 291 | - | €5,512 | +€5,512 | |
| Amounts receivable within one year | 40/41 | €25,771 | €22,750 | -€3,022 | -11.7% |
| Trade receivables | 40 | €25,771 | €9,983 | -€15,789 | -61.3% |
| Other amounts receivable | 41 | - | €12,767 | +€12,767 | |
| Current investments | 50/53 | - | €3,936 | +€3,936 | |
| Cash at bank and in hand | 54/58 | €78,924 | €88,720 | +€9,795 | +12.4% |
| Deferred charges and accrued income | 490/1 | - | €89 | +€89 | |
| Total equity and liabilities | 10/49 | €104,696 | €143,169 | +€38,473 | +36.7% |
| Equity | 10/15 | €43,399 | €94,783 | +€51,384 | +118.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €41,399 | €92,783 | +€51,384 | +124.1% |
| Distributable reserves | 133 | €41,399 | €92,783 | +€51,384 | +124.1% |
| Amounts payable | 17/49 | €61,297 | €48,386 | -€12,911 | -21.1% |
| Amounts payable within one year | 42/48 | €61,297 | €48,386 | -€12,911 | -21.1% |
| Trade debts | 44 | €13,973 | €431 | -€13,542 | -96.9% |
| Suppliers | 440/4 | €13,973 | €431 | -€13,542 | -96.9% |
| Taxes, remuneration and social security | 45 | €35,324 | €35,955 | +€631 | +1.8% |
| Taxes | 450/3 | €35,324 | €35,955 | +€631 | +1.8% |
| Other amounts payable | 47/48 | €12,000 | €12,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,215 | +€1,215 | |
| Gross operating margin | 9900 | €81,246 | €96,825 | +€15,580 | +19.2% |
| Operating profit (loss) | 9901 | €81,246 | €95,610 | +€14,364 | +17.7% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €135 | €2,665 | +€2,529 | +1867.0% |
| Recurring financial charges | 65 | €135 | €2,665 | +€2,529 | +1867.0% |
| Profit (loss) for the period before taxes | 9903 | €81,110 | €93,012 | +€11,902 | +14.7% |
| Income taxes | 67/77 | €22,569 | €24,485 | +€1,916 | +8.5% |
| Profit (loss) for the period | 9904 | €58,542 | €68,527 | +€9,986 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,542 | €68,527 | +€9,986 | +17.1% |
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 7 October 2026 via checked.be.