LBR 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.
LBR MANAGEMENT
Largest movements
- Receivables within one year -€66,603
down €66,603 (-52.3%), from €127,277 to €60,673
of which Other amounts receivable: -€44,371
- Cash +€16,466
up €16,466 (+24.7%), from €66,754 to €83,220
mainly Other debts (+€79,749) and Depreciation (+€69,131)
- Deferred charges and accrued income +€9,646
up €9,646 (+504%), from €1,913 to €11,559
- Other debts +€79,749
up €79,749 (+36.8%), from €216,597 to €296,346
- Trade debts -€39,924
down €39,924 (-76.4%), from €52,274 to €12,350
- Profit (loss) carried forward -€35,350
down €35,350, from €28,759 to -€6,590
- Provisions -€33,976
down €33,976 (-31.3%), from €108,724 to €74,748
- Advances received -€5,966
down €5,966 (-19.0%), from €31,466 to €25,500
- Gross operating margin -€59,693
down €59,693 (-57.6%), from €103,617 to €43,924
- Depreciation -€13,282
down €13,282 (-16.1%), from €82,413 to €69,131
- Provisions -€2,398
down €2,398 (-7.6%), from -€31,578 to -€33,976
- Financial charges +€1,753
up €1,753 (+4.3%), from €40,318 to €42,071
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 | €495,248 | €458,392 | -€36,857 | -7.4% |
| Fixed assets | 21/28 | €299,305 | €302,939 | +€3,634 | +1.2% |
| Tangible fixed assets | 22/27 | €299,305 | €302,939 | +€3,634 | +1.2% |
| Plant, machinery and equipment | 23 | €9,835 | €8,566 | -€1,268 | -12.9% |
| Furniture and vehicles | 24 | €9,559 | €7,334 | -€2,225 | -23.3% |
| Other tangible fixed assets | 26 | €279,912 | €287,039 | +€7,127 | +2.5% |
| Current assets | 29/58 | €195,943 | €155,453 | -€40,491 | -20.7% |
| Amounts receivable within one year | 40/41 | €127,277 | €60,673 | -€66,603 | -52.3% |
| Trade receivables | 40 | €82,411 | €60,179 | -€22,232 | -27.0% |
| Other amounts receivable | 41 | €44,865 | €495 | -€44,371 | -98.9% |
| Cash at bank and in hand | 54/58 | €66,754 | €83,220 | +€16,466 | +24.7% |
| Deferred charges and accrued income | 490/1 | €1,913 | €11,559 | +€9,646 | +504% |
| Total equity and liabilities | 10/49 | €495,248 | €458,392 | -€36,857 | -7.4% |
| Equity | 10/15 | €67,719 | €32,370 | -€35,350 | -52.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €18,500 | €18,500 | = | 0.0% |
| Distributable reserves | 133 | €18,500 | €18,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,759 | -€6,590 | -€35,350 | |
| Provisions and deferred taxes | 16 | €108,724 | €74,748 | -€33,976 | -31.3% |
| Provisions for liabilities and charges | 160/5 | €108,724 | €74,748 | -€33,976 | -31.3% |
| Environmental obligations | 163 | €108,724 | €74,748 | -€33,976 | -31.3% |
| Amounts payable | 17/49 | €318,805 | €351,275 | +€32,469 | +10.2% |
| Amounts payable within one year | 42/48 | €318,613 | €351,075 | +€32,462 | +10.2% |
| Trade debts | 44 | €52,274 | €12,350 | -€39,924 | -76.4% |
| Suppliers | 440/4 | €52,274 | €12,350 | -€39,924 | -76.4% |
| Advances received on contracts in progress | 46 | €31,466 | €25,500 | -€5,966 | -19.0% |
| Taxes, remuneration and social security | 45 | €18,276 | €16,878 | -€1,398 | -7.6% |
| Taxes | 450/3 | €18,276 | €16,878 | -€1,398 | -7.6% |
| Other amounts payable | 47/48 | €216,597 | €296,346 | +€79,749 | +36.8% |
| Accrued charges and deferred income | 492/3 | €192 | €200 | +€8 | +4.0% |
| Non-recurring operating income | 76A | €1,244 | - | -€1,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,413 | €69,131 | -€13,282 | -16.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€31,578 | -€33,976 | -€2,398 | -7.6% |
| Other operating charges | 640/8 | €687 | €1,645 | +€958 | +139% |
| Gross operating margin | 9900 | €103,617 | €43,924 | -€59,693 | -57.6% |
| Operating profit (loss) | 9901 | €52,095 | €7,125 | -€44,970 | -86.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €40,318 | €42,071 | +€1,753 | +4.3% |
| Recurring financial charges | 65 | €40,318 | €42,071 | +€1,753 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €11,777 | -€34,946 | -€46,723 | |
| Income taxes | 67/77 | €135 | €404 | +€270 | +200% |
| Profit (loss) for the period | 9904 | €11,643 | -€35,350 | -€46,992 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,643 | -€35,350 | -€46,992 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.