LBS CONSULTANCY: what changed
Two fiscal 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 CONSULTANCY
Largest movements
- Tangible fixed assets +€195,957
up €195,957 (+13.6%), from €1.4m to €1.6m
of which Assets under construction and advance payments: +€265,909
- Receivables within one year +€147,925
up €147,925 (+164.6%), from €89,843 to €237,768
of which Other amounts receivable: +€108,386
- Deferred charges and accrued income -€57,082
down €57,082 (-94.7%), from €60,296 to €3,215
- Cash +€49,819
up €49,819 (+431.2%), from €11,553 to €61,373
mainly Net result for the year (+€219,269) and Other debts (+€190,204)
- Reserves +€219,269
up €219,269 (+23.0%), from €953,934 to €1.2m
- Other debts +€190,204
up €190,204 (+47.7%), from €399,047 to €589,251
- Trade debts -€96,943
down €96,943 (-77.0%), from €125,851 to €28,909
- Tax, wage and social debts +€23,312
up €23,312 (+22.9%), from €101,856 to €125,168
of which Taxes: +€23,312
- Gross operating margin +€92,954
up €92,954 (+25.4%), from €365,899 to €458,853
- Taxes -€12,306
down €12,306 (-12.6%), from €97,921 to €85,615
- Depreciation +€8,594
up €8,594 (+10.9%), from €79,147 to €87,741
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.
Cash bridge derived
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 | €1,599,893 | €1,935,363 | +€335,470 | +21.0% |
| Fixed assets | 21/28 | €1,437,050 | €1,633,007 | +€195,957 | +13.6% |
| Tangible fixed assets | 22/27 | €1,437,050 | €1,633,007 | +€195,957 | +13.6% |
| Land and buildings | 22 | €899,715 | €858,663 | -€41,052 | -4.6% |
| Plant, machinery and equipment | 23 | €19,655 | €14,665 | -€4,990 | -25.4% |
| Furniture and vehicles | 24 | €96,907 | €72,998 | -€23,910 | -24.7% |
| Assets under construction and advance payments | 27 | €420,772 | €686,681 | +€265,909 | +63.2% |
| Current assets | 29/58 | €162,843 | €302,356 | +€139,513 | +85.7% |
| Stocks and contracts in progress | 3 | €1,150 | €0 | -€1,150 | -100.0% |
| Stocks | 30/36 | €1,150 | €0 | -€1,150 | -100.0% |
| Amounts receivable within one year | 40/41 | €89,843 | €237,768 | +€147,925 | +164.6% |
| Trade receivables | 40 | €82,766 | €122,305 | +€39,540 | +47.8% |
| Other amounts receivable | 41 | €7,078 | €115,463 | +€108,386 | +1531.4% |
| Cash at bank and in hand | 54/58 | €11,553 | €61,373 | +€49,819 | +431.2% |
| Deferred charges and accrued income | 490/1 | €60,296 | €3,215 | -€57,082 | -94.7% |
| Total equity and liabilities | 10/49 | €1,599,893 | €1,935,363 | +€335,470 | +21.0% |
| Equity | 10/15 | €972,534 | €1,191,803 | +€219,269 | +22.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €953,934 | €1,173,203 | +€219,269 | +23.0% |
| Distributable reserves | 133 | €953,934 | €1,173,203 | +€219,269 | +23.0% |
| Amounts payable | 17/49 | €627,359 | €743,559 | +€116,201 | +18.5% |
| Amounts payable within one year | 42/48 | €626,755 | €743,328 | +€116,573 | +18.6% |
| Trade debts | 44 | €125,851 | €28,909 | -€96,943 | -77.0% |
| Suppliers | 440/4 | €125,851 | €28,909 | -€96,943 | -77.0% |
| Taxes, remuneration and social security | 45 | €101,856 | €125,168 | +€23,312 | +22.9% |
| Taxes | 450/3 | €101,696 | €125,008 | +€23,312 | +22.9% |
| Remuneration and social security | 454/9 | €160 | €160 | = | 0.0% |
| Other amounts payable | 47/48 | €399,047 | €589,251 | +€190,204 | +47.7% |
| Accrued charges and deferred income | 492/3 | €604 | €232 | -€372 | -61.7% |
| Non-recurring operating income | 76A | €23,876 | €0 | -€23,876 | -100.0% |
| Remuneration, social security and pensions | 62 | €541 | -€541 | -€1,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,147 | €87,741 | +€8,594 | +10.9% |
| Other operating charges | 640/8 | €23,083 | €26,148 | +€3,065 | +13.3% |
| Non-recurring operating charges | 66A | €14,304 | €0 | -€14,304 | -100.0% |
| Gross operating margin | 9900 | €365,899 | €458,853 | +€92,954 | +25.4% |
| Operating profit (loss) | 9901 | €248,823 | €345,506 | +€96,682 | +38.9% |
| Financial income | 75/76B | €190 | €926 | +€736 | +386.8% |
| Recurring financial income | 75 | €190 | €926 | +€736 | +386.8% |
| Financial charges | 65/66B | €41,243 | €41,548 | +€304 | +0.7% |
| Recurring financial charges | 65 | €41,243 | €41,548 | +€304 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €207,770 | €304,884 | +€97,114 | +46.7% |
| Income taxes | 67/77 | €97,921 | €85,615 | -€12,306 | -12.6% |
| Profit (loss) for the period | 9904 | €109,849 | €219,269 | +€109,420 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €109,849 | €219,269 | +€109,420 | +99.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.