LBS: 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.
LBS
Largest movements
- Tangible fixed assets -€26,447
down €26,447 (-9.7%), from €272,864 to €246,416
of which Furniture and vehicles: -€21,228
- Receivables within one year -€8,599
down €8,599 (-77.0%), from €11,164 to €2,565
of which Trade receivables: -€5,850
- Cash +€8,054
up €8,054 (+26.0%), from €30,963 to €39,017
mainly Net result for the year (+€42,051) and Other debts (+€31,800)
- Reserves -€36,174
down €36,174 (-46.2%), from €78,225 to €42,051
- Other debts +€31,800
up €31,800 (+58.7%), from €54,216 to €86,016
- Debts after one year -€22,014
down €22,014 (-16.2%), from €135,607 to €113,593
- Taxes +€5,126
up €5,126 (+27.3%), from €18,796 to €23,922
- Gross operating margin -€3,104
down €3,104 (-3.0%), from €102,733 to €99,629
- Financial charges -€3,034
down €3,034 (-47.8%), from €6,353 to €3,319
- Other operating charges +€1,099
up €1,099 (+39.4%), from €2,791 to €3,890
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 | €318,676 | €291,800 | -€26,876 | -8.4% |
| Fixed assets | 21/28 | €273,954 | €247,506 | -€26,447 | -9.7% |
| Tangible fixed assets | 22/27 | €272,864 | €246,416 | -€26,447 | -9.7% |
| Land and buildings | 22 | €207,734 | €202,900 | -€4,834 | -2.3% |
| Plant, machinery and equipment | 23 | €761 | €376 | -€385 | -50.6% |
| Furniture and vehicles | 24 | €59,923 | €38,695 | -€21,228 | -35.4% |
| Other tangible fixed assets | 26 | €4,445 | €4,445 | = | 0.0% |
| Financial fixed assets | 28 | €1,090 | €1,090 | = | 0.0% |
| Current assets | 29/58 | €44,722 | €44,294 | -€428 | -1.0% |
| Amounts receivable within one year | 40/41 | €11,164 | €2,565 | -€8,599 | -77.0% |
| Trade receivables | 40 | €5,910 | €60 | -€5,850 | -99.0% |
| Other amounts receivable | 41 | €5,253 | €2,505 | -€2,748 | -52.3% |
| Cash at bank and in hand | 54/58 | €30,963 | €39,017 | +€8,054 | +26.0% |
| Deferred charges and accrued income | 490/1 | €2,596 | €2,712 | +€116 | +4.5% |
| Total equity and liabilities | 10/49 | €318,676 | €291,800 | -€26,876 | -8.4% |
| Equity | 10/15 | €96,825 | €60,651 | -€36,174 | -37.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,225 | €42,051 | -€36,174 | -46.2% |
| Distributable reserves | 133 | €78,225 | €42,051 | -€36,174 | -46.2% |
| Amounts payable | 17/49 | €221,851 | €231,149 | +€9,298 | +4.2% |
| Amounts payable after more than one year | 17 | €135,607 | €113,593 | -€22,014 | -16.2% |
| Financial debts | 170/4 | €135,607 | €113,593 | -€22,014 | -16.2% |
| Amounts payable within one year | 42/48 | €86,244 | €117,556 | +€31,312 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €21,402 | €22,014 | +€612 | +2.9% |
| Trade debts | 44 | €1,588 | €1,416 | -€172 | -10.8% |
| Suppliers | 440/4 | €1,588 | €1,416 | -€172 | -10.8% |
| Taxes, remuneration and social security | 45 | €9,037 | €8,110 | -€927 | -10.3% |
| Taxes | 450/3 | €9,037 | €8,110 | -€927 | -10.3% |
| Other amounts payable | 47/48 | €54,216 | €86,016 | +€31,800 | +58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,465 | €26,447 | -€18 | -0.1% |
| Other operating charges | 640/8 | €2,791 | €3,890 | +€1,099 | +39.4% |
| Gross operating margin | 9900 | €102,733 | €99,629 | -€3,104 | -3.0% |
| Operating profit (loss) | 9901 | €73,477 | €69,292 | -€4,185 | -5.7% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €6,353 | €3,319 | -€3,034 | -47.8% |
| Recurring financial charges | 65 | €6,353 | €3,319 | -€3,034 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | €67,126 | €65,972 | -€1,154 | -1.7% |
| Income taxes | 67/77 | €18,796 | €23,922 | +€5,126 | +27.3% |
| Profit (loss) for the period | 9904 | €48,331 | €42,051 | -€6,280 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,331 | €42,051 | -€6,280 | -13.0% |
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.