LBO Consult: 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.
LBO Consult
Largest movements
- Cash -€98,671
down €98,671 (-67.6%), from €146,036 to €47,365
mainly Contributions, distributions and other (-€302,000) and Tax, wage and social debts (-€20,967)
- Current investments -€60,000
down €60,000 (-60.0%), from €100,000 to €40,000
- Reserves -€222,000
down €222,000 (-100%), from €222,000 to €0
- Other debts +€82,551
up €82,551 (+5,527%), from €1,494 to €84,045
- Tax, wage and social debts -€20,967
down €20,967 (-58.6%), from €35,757 to €14,790
of which Taxes: -€18,745
- Gross operating margin -€8,077
down €8,077 (-7.4%), from €109,163 to €101,086
- Financial income +€2,060
up €2,060 (+129%), from €1,601 to €3,661
- Taxes -€1,759
down €1,759 (-7.8%), from €22,588 to €20,829
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €267,019 | €107,547 | -€159,472 | -59.7% |
| Fixed assets | 21/28 | €2,627 | €1,434 | -€1,194 | -45.4% |
| Tangible fixed assets | 22/27 | €2,627 | €1,434 | -€1,194 | -45.4% |
| Furniture and vehicles | 24 | €2,627 | €1,434 | -€1,194 | -45.4% |
| Current assets | 29/58 | €264,392 | €106,114 | -€158,278 | -59.9% |
| Amounts receivable within one year | 40/41 | €16,359 | €16,269 | -€90 | -0.5% |
| Trade receivables | 40 | €16,359 | €16,269 | -€90 | -0.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €100,000 | €40,000 | -€60,000 | -60.0% |
| Cash at bank and in hand | 54/58 | €146,036 | €47,365 | -€98,671 | -67.6% |
| Deferred charges and accrued income | 490/1 | €1,997 | €2,480 | +€483 | +24.2% |
| Total equity and liabilities | 10/49 | €267,019 | €107,547 | -€159,472 | -59.7% |
| Equity | 10/15 | €227,165 | €5,665 | -€221,500 | -97.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €222,000 | €0 | -€222,000 | -100% |
| Distributable reserves | 133 | €222,000 | €0 | -€222,000 | -100% |
| Profit (loss) carried forward | 14 | €165 | €665 | +€500 | +303% |
| Amounts payable | 17/49 | €39,854 | €101,883 | +€62,029 | +156% |
| Amounts payable within one year | 42/48 | €39,854 | €101,883 | +€62,029 | +156% |
| Financial debts | 43 | €14 | €34 | +€20 | +139% |
| Other loans | 439 | €14 | €34 | +€20 | +139% |
| Trade debts | 44 | €2,589 | €3,014 | +€425 | +16.4% |
| Suppliers | 440/4 | €2,589 | €3,014 | +€425 | +16.4% |
| Taxes, remuneration and social security | 45 | €35,757 | €14,790 | -€20,967 | -58.6% |
| Taxes | 450/3 | €33,338 | €14,593 | -€18,745 | -56.2% |
| Remuneration and social security | 454/9 | €2,419 | €197 | -€2,221 | -91.8% |
| Other amounts payable | 47/48 | €1,494 | €84,045 | +€82,551 | +5,527% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651 | €1,194 | +€543 | +83.3% |
| Other operating charges | 640/8 | €111 | €439 | +€328 | +297% |
| Gross operating margin | 9900 | €109,163 | €101,086 | -€8,077 | -7.4% |
| Operating profit (loss) | 9901 | €108,401 | €99,454 | -€8,948 | -8.3% |
| Financial income | 75/76B | €1,601 | €3,661 | +€2,060 | +129% |
| Recurring financial income | 75 | €1,601 | €3,661 | +€2,060 | +129% |
| Financial charges | 65/66B | €2,127 | €1,786 | -€342 | -16.1% |
| Recurring financial charges | 65 | €2,127 | €1,786 | -€342 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €107,875 | €101,329 | -€6,546 | -6.1% |
| Income taxes | 67/77 | €22,588 | €20,829 | -€1,759 | -7.8% |
| Profit (loss) for the period | 9904 | €85,286 | €80,500 | -€4,787 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,286 | €80,500 | -€4,787 | -5.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.