LBP & ASSOCIES: 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.
LBP & ASSOCIES
Largest movements
- Cash +€332,364
up €332,364 (+308%), from €107,793 to €440,157
mainly Other debts (+€247,167) and Net result for the year (+€86,875)
- Receivables within one year -€84,017
down €84,017 (-50.3%), from €166,990 to €82,973
of which Trade receivables: -€83,117
- Deferred charges and accrued income +€52,833
up €52,833 (+54.4%), from €97,207 to €150,040
- Other debts +€247,167
up €247,167 (+526%), from €46,978 to €294,145
- Reserves +€50,000
up €50,000 (+227%), from €22,000 to €72,000
- Debts after one year -€42,000
down €42,000 (-14.2%), from €294,847 to €252,847
- Tax, wage and social debts +€29,918
up €29,918 (+491%), from €6,088 to €36,006
- Gross operating margin +€87,638
up €87,638 (+43.5%), from €201,421 to €289,059
- Taxes +€21,714
up €21,714 (+192%), from €11,299 to €33,013
- Staff costs +€13,765
up €13,765 (+9.5%), from €145,196 to €158,962
- Other operating charges -€5,327
down €5,327 (-76.3%), from €6,978 to €1,651
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 | €414,203 | €705,192 | +€290,989 | +70.3% |
| Formation expenses | 20 | €1,120 | €205 | -€915 | -81.7% |
| Fixed assets | 21/28 | €41,092 | €31,817 | -€9,275 | -22.6% |
| Intangible fixed assets | 21 | €34,594 | €29,001 | -€5,592 | -16.2% |
| Tangible fixed assets | 22/27 | €4,183 | €1,701 | -€2,482 | -59.3% |
| Furniture and vehicles | 24 | €4,183 | €1,701 | -€2,482 | -59.3% |
| Financial fixed assets | 28 | €2,316 | €1,116 | -€1,200 | -51.8% |
| Current assets | 29/58 | €371,990 | €673,169 | +€301,179 | +81.0% |
| Amounts receivable within one year | 40/41 | €166,990 | €82,973 | -€84,017 | -50.3% |
| Trade receivables | 40 | €166,089 | €82,973 | -€83,117 | -50.0% |
| Other amounts receivable | 41 | €901 | - | -€901 | |
| Cash at bank and in hand | 54/58 | €107,793 | €440,157 | +€332,364 | +308% |
| Deferred charges and accrued income | 490/1 | €97,207 | €150,040 | +€52,833 | +54.4% |
| Total equity and liabilities | 10/49 | €414,203 | €705,192 | +€290,989 | +70.3% |
| Equity | 10/15 | €48,676 | €105,551 | +€56,875 | +117% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €22,000 | €72,000 | +€50,000 | +227% |
| Distributable reserves | 133 | €22,000 | €72,000 | +€50,000 | +227% |
| Profit (loss) carried forward | 14 | €16,676 | €23,551 | +€6,875 | +41.2% |
| Amounts payable | 17/49 | €365,527 | €599,641 | +€234,114 | +64.0% |
| Amounts payable after more than one year | 17 | €294,847 | €252,847 | -€42,000 | -14.2% |
| Other amounts payable | 178/9 | €294,847 | €252,847 | -€42,000 | -14.2% |
| Amounts payable within one year | 42/48 | €68,844 | €345,212 | +€276,369 | +401% |
| Trade debts | 44 | €15,778 | €15,061 | -€717 | -4.5% |
| Suppliers | 440/4 | €15,778 | €15,061 | -€717 | -4.5% |
| Taxes, remuneration and social security | 45 | €6,088 | €36,006 | +€29,918 | +491% |
| Taxes | 450/3 | €6,088 | €36,006 | +€29,918 | +491% |
| Other amounts payable | 47/48 | €46,978 | €294,145 | +€247,167 | +526% |
| Accrued charges and deferred income | 492/3 | €1,836 | €1,581 | -€255 | -13.9% |
| Remuneration, social security and pensions | 62 | €145,196 | €158,962 | +€13,765 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,616 | €8,990 | +€374 | +4.3% |
| Other operating charges | 640/8 | €6,978 | €1,651 | -€5,327 | -76.3% |
| Gross operating margin | 9900 | €201,421 | €289,059 | +€87,638 | +43.5% |
| Operating profit (loss) | 9901 | €40,631 | €119,456 | +€78,825 | +194% |
| Financial income | 75/76B | €376 | €784 | +€408 | +108% |
| Recurring financial income | 75 | €376 | €784 | +€408 | +108% |
| Financial charges | 65/66B | €849 | €352 | -€498 | -58.6% |
| Recurring financial charges | 65 | €849 | €352 | -€498 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €40,158 | €119,888 | +€79,730 | +199% |
| Income taxes | 67/77 | €11,299 | €33,013 | +€21,714 | +192% |
| Profit (loss) for the period | 9904 | €28,859 | €86,875 | +€58,017 | +201% |
| Profit (loss) for the period to be appropriated | 9905 | €28,859 | €86,875 | +€58,017 | +201% |
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 16 October 2026 via checked.be.