LBS GROUP: what changed
What changed
LBS GROUP
filed annual accounts (NBB)
Net result for the year
€30,146
2024 · €10,120+€20,026
Equity
€345,266
2024 · €315,120+€30,146
Cash
€2,629
2024 · €4,153-€1,524
Balance sheet total
€951,126
2024 · €683,391+€267,735
Largest movements
Assets
- Receivables within one year +€175,805
up €175,805 (+153%), from €115,129 to €290,934
of which Trade receivables: +€135,995
- Tangible fixed assets +€93,454
up €93,454 (+662%), from €14,110 to €107,564
of which Furniture and vehicles: +€95,935
Equity and liabilities
- Other debts +€294,652
new in 2025: €294,652
- Debts after one year -€32,464
down €32,464 (-11.8%), from €275,507 to €243,043
- Profit (loss) carried forward +€30,146
up €30,146 (+298%), from €10,120 to €40,266
- Tax, wage and social debts +€17,310
up €17,310 (+200%), from €8,671 to €25,981
- Short-term financial debts -€14,915
down €14,915 (-91.5%), from €16,294 to €1,379
Income statement
- Gross operating margin +€55,690
up €55,690 (+159%), from €34,953 to €90,643
- Depreciation +€32,879
up €32,879 (+1,862%), from €1,766 to €34,645
- Financial charges +€11,859
up €11,859 (+539%), from €2,200 to €14,059
- Staff costs -€8,782
no longer reported in 2025 (was €8,782)
- Other operating charges -€2,808
down €2,808 (-78.5%), from €3,579 to €771
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,120
Gross operating margin
+€55,690
Staff costs
+€8,782
Depreciation
-€32,879
Other operating charges
+€2,808
Financial income
-€164
Financial charges
-€11,859
Taxes
-€2,353
Result 2025
€30,146
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€182,367
Investment
-€128,099
Financing
-€55,792
Cash 2024
€4,153
From operations (derived)
+€182,367
Net result for the year
+€30,146
Depreciation
+€34,645
Receivables within one year
-€175,805
Trade debts
-€13,770
Tax, wage and social debts
+€17,310
Advances received
-€4,811
Other debts
+€294,652
Investment (derived)
-€128,099
Investment in fixed assets (net)
-€128,099
Financing
-€55,792
Debts after one year
-€32,464
Current portion of long-term debt
-€8,413
Short-term financial debts
-€14,915
Cash 2025
€2,629
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €683,391 | €951,126 | +€267,735 | +39.2% |
| Fixed assets | 21/28 | €564,110 | €657,564 | +€93,454 | +16.6% |
| Tangible fixed assets | 22/27 | €14,110 | €107,564 | +€93,454 | +662% |
| Plant, machinery and equipment | 23 | €5,997 | €3,516 | -€2,481 | -41.4% |
| Furniture and vehicles | 24 | €2,412 | €98,347 | +€95,935 | +3,978% |
| Leasing and similar rights | 25 | €5,701 | €5,701 | = | 0.0% |
| Financial fixed assets | 28 | €550,000 | €550,000 | = | 0.0% |
| Current assets | 29/58 | €119,281 | €293,562 | +€174,281 | +146% |
| Amounts receivable within one year | 40/41 | €115,129 | €290,934 | +€175,805 | +153% |
| Trade receivables | 40 | €75,233 | €211,228 | +€135,995 | +181% |
| Other amounts receivable | 41 | €39,896 | €79,706 | +€39,810 | +99.8% |
| Cash at bank and in hand | 54/58 | €4,153 | €2,629 | -€1,524 | -36.7% |
| Total equity and liabilities | 10/49 | €683,391 | €951,126 | +€267,735 | +39.2% |
| Equity | 10/15 | €315,120 | €345,266 | +€30,146 | +9.6% |
| Contributions | 10/11 | €305,000 | €305,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,120 | €40,266 | +€30,146 | +298% |
| Amounts payable | 17/49 | €368,271 | €605,861 | +€237,590 | +64.5% |
| Amounts payable after more than one year | 17 | €275,507 | €243,043 | -€32,464 | -11.8% |
| Financial debts | 170/4 | €275,507 | €243,043 | -€32,464 | -11.8% |
| Amounts payable within one year | 42/48 | €92,764 | €362,818 | +€270,054 | +291% |
| Current portion of amounts payable after more than one year | 42 | €40,877 | €32,464 | -€8,413 | -20.6% |
| Financial debts | 43 | €16,294 | €1,379 | -€14,915 | -91.5% |
| Credit institutions | 430/8 | €16,294 | €1,379 | -€14,915 | -91.5% |
| Trade debts | 44 | €20,869 | €7,099 | -€13,770 | -66.0% |
| Suppliers | 440/4 | €20,869 | €7,099 | -€13,770 | -66.0% |
| Advances received on contracts in progress | 46 | €6,053 | €1,243 | -€4,811 | -79.5% |
| Taxes, remuneration and social security | 45 | €8,671 | €25,981 | +€17,310 | +200% |
| Taxes | 450/3 | €8,671 | €25,981 | +€17,310 | +200% |
| Other amounts payable | 47/48 | - | €294,652 | +€294,652 | |
| Remuneration, social security and pensions | 62 | €8,782 | - | -€8,782 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,766 | €34,645 | +€32,879 | +1,862% |
| Other operating charges | 640/8 | €3,579 | €771 | -€2,808 | -78.5% |
| Gross operating margin | 9900 | €34,953 | €90,643 | +€55,690 | +159% |
| Operating profit (loss) | 9901 | €20,827 | €55,228 | +€34,401 | +165% |
| Financial income | 75/76B | €164 | - | -€164 | |
| Recurring financial income | 75 | €164 | - | -€164 | |
| Financial charges | 65/66B | €2,200 | €14,059 | +€11,859 | +539% |
| Recurring financial charges | 65 | €2,200 | €14,059 | +€11,859 | +539% |
| Profit (loss) for the period before taxes | 9903 | €18,791 | €41,169 | +€22,378 | +119% |
| Income taxes | 67/77 | €8,671 | €11,023 | +€2,353 | +27.1% |
| Profit (loss) for the period | 9904 | €10,120 | €30,146 | +€20,026 | +198% |
| Profit (loss) for the period to be appropriated | 9905 | €10,120 | €30,146 | +€20,026 | +198% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.