LBS CENTER: 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 CENTER
Largest movements
- Tangible fixed assets -€98,661
down €98,661 (-7.2%), from €1.4m to €1.3m
of which Land and buildings: -€91,854
- Receivables within one year -€19,601
down €19,601 (-65.7%), from €29,833 to €10,232
of which Trade receivables: -€17,893
- Debts after one year -€118,551
down €118,551 (-35.6%), from €333,279 to €214,728
of which Financial debts: -€118,551
- Profit (loss) carried forward +€30,733
up €30,733 (+27.4%), from €111,963 to €142,696
- Trade debts -€28,692
down €28,692 (-82.9%), from €34,599 to €5,907
- Taxes +€12,020
up €12,020 (+4,990%), from €241 to €12,261
- Gross operating margin -€6,968
down €6,968 (-3.3%), from €209,356 to €202,388
- Other operating charges +€5,902
up €5,902 (+13.0%), from €45,372 to €51,274
- Write-downs -€5,000
no longer reported in 2025 (was €5,000)
- Depreciation +€4,531
up €4,531 (+4.6%), from €97,972 to €102,502
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 | €1,500,340 | €1,396,484 | -€103,856 | -6.9% |
| Fixed assets | 21/28 | €1,378,527 | €1,279,866 | -€98,661 | -7.2% |
| Tangible fixed assets | 22/27 | €1,378,527 | €1,279,866 | -€98,661 | -7.2% |
| Land and buildings | 22 | €1,337,057 | €1,245,203 | -€91,854 | -6.9% |
| Plant, machinery and equipment | 23 | €41,470 | €34,663 | -€6,807 | -16.4% |
| Current assets | 29/58 | €121,813 | €116,618 | -€5,195 | -4.3% |
| Amounts receivable within one year | 40/41 | €29,833 | €10,232 | -€19,601 | -65.7% |
| Trade receivables | 40 | €22,269 | €4,376 | -€17,893 | -80.3% |
| Other amounts receivable | 41 | €7,564 | €5,856 | -€1,708 | -22.6% |
| Cash at bank and in hand | 54/58 | €89,654 | €103,983 | +€14,329 | +16.0% |
| Deferred charges and accrued income | 490/1 | €2,326 | €2,403 | +€77 | +3.3% |
| Total equity and liabilities | 10/49 | €1,500,340 | €1,396,484 | -€103,856 | -6.9% |
| Equity | 10/15 | €1,012,063 | €1,044,796 | +€32,733 | +3.2% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €100 | €2,100 | +€2,000 | +2,000% |
| Non-distributable reserves | 130/1 | €100 | €2,100 | +€2,000 | +2,000% |
| Legal reserve | 130 | €100 | €2,100 | +€2,000 | +2,000% |
| Profit (loss) carried forward | 14 | €111,963 | €142,696 | +€30,733 | +27.4% |
| Amounts payable | 17/49 | €488,277 | €351,688 | -€136,589 | -28.0% |
| Amounts payable after more than one year | 17 | €333,279 | €214,728 | -€118,551 | -35.6% |
| Financial debts | 170/4 | €328,314 | €209,763 | -€118,551 | -36.1% |
| Other amounts payable | 178/9 | €4,965 | €4,965 | = | 0.0% |
| Amounts payable within one year | 42/48 | €154,963 | €136,960 | -€18,003 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €117,606 | €118,551 | +€945 | +0.8% |
| Trade debts | 44 | €34,599 | €5,907 | -€28,692 | -82.9% |
| Suppliers | 440/4 | €34,599 | €5,907 | -€28,692 | -82.9% |
| Taxes, remuneration and social security | 45 | €2,758 | €12,502 | +€9,744 | +353% |
| Taxes | 450/3 | €2,758 | €12,502 | +€9,744 | +353% |
| Accrued charges and deferred income | 492/3 | €35 | - | -€35 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,972 | €102,502 | +€4,531 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,000 | - | -€5,000 | |
| Other operating charges | 640/8 | €45,372 | €51,274 | +€5,902 | +13.0% |
| Gross operating margin | 9900 | €209,356 | €202,388 | -€6,968 | -3.3% |
| Operating profit (loss) | 9901 | €61,012 | €48,611 | -€12,401 | -20.3% |
| Financial charges | 65/66B | €4,165 | €3,617 | -€549 | -13.2% |
| Recurring financial charges | 65 | €4,165 | €3,617 | -€549 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €56,847 | €44,994 | -€11,852 | -20.8% |
| Income taxes | 67/77 | €241 | €12,261 | +€12,020 | +4,990% |
| Profit (loss) for the period | 9904 | €56,606 | €32,733 | -€23,873 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,606 | €32,733 | -€23,873 | -42.2% |
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 1 November 2026 via checked.be.