LBORMANS MANAGEMENT: 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.
LBORMANS MANAGEMENT
Largest movements
- Cash +€71,690
up €71,690 (+21.1%), from €339,084 to €410,774
mainly Net result for the year (+€118,290) and Receivables within one year (+€2,603)
- Reserves +€118,290
up €118,290 (+38.6%), from €306,744 to €425,035
of which Distributable reserves: +€118,290
- Tax, wage and social debts -€49,334
down €49,334 (-85.1%), from €57,979 to €8,645
- Gross operating margin -€2,928
down €2,928 (-1.7%), from €171,435 to €168,507
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.
Derived cash bridge
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 | €369,724 | €438,680 | +€68,956 | +18.7% |
| Fixed assets | 21/28 | €1,922 | €2,325 | +€403 | +21.0% |
| Tangible fixed assets | 22/27 | €1,922 | €2,325 | +€403 | +21.0% |
| Plant, machinery and equipment | 23 | €1,922 | €2,325 | +€403 | +21.0% |
| Current assets | 29/58 | €367,801 | €436,355 | +€68,553 | +18.6% |
| Amounts receivable within one year | 40/41 | €27,572 | €24,969 | -€2,603 | -9.4% |
| Trade receivables | 40 | €27,572 | €23,602 | -€3,969 | -14.4% |
| Other amounts receivable | 41 | - | €1,367 | +€1,367 | |
| Cash at bank and in hand | 54/58 | €339,084 | €410,774 | +€71,690 | +21.1% |
| Deferred charges and accrued income | 490/1 | €1,146 | €612 | -€534 | -46.6% |
| Total equity and liabilities | 10/49 | €369,724 | €438,680 | +€68,956 | +18.7% |
| Equity | 10/15 | €311,744 | €430,035 | +€118,290 | +37.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €306,744 | €425,035 | +€118,290 | +38.6% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €306,244 | €424,535 | +€118,290 | +38.6% |
| Amounts payable | 17/49 | €57,979 | €8,645 | -€49,334 | -85.1% |
| Amounts payable within one year | 42/48 | €57,979 | €8,645 | -€49,334 | -85.1% |
| Taxes, remuneration and social security | 45 | €57,979 | €8,645 | -€49,334 | -85.1% |
| Taxes | 450/3 | €57,979 | €8,645 | -€49,334 | -85.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405 | €1,313 | +€909 | +225% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €171,435 | €168,507 | -€2,928 | -1.7% |
| Operating profit (loss) | 9901 | €170,912 | €167,074 | -€3,839 | -2.2% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €170,777 | €166,924 | -€3,854 | -2.3% |
| Income taxes | 67/77 | €49,843 | €48,633 | -€1,209 | -2.4% |
| Profit (loss) for the period | 9904 | €120,935 | €118,290 | -€2,644 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €120,935 | €118,290 | -€2,644 | -2.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.