LBS Immo: 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 Immo
Largest movements
- Tangible fixed assets -€889,054
down €889,054 (-41.8%), from €2.1m to €1.2m
of which Land and buildings: -€886,549
- Receivables within one year +€292,819
up €292,819 (+721.4%), from €40,588 to €333,407
of which Other amounts receivable: +€323,619
- Debts after one year -€342,015
down €342,015 (-33.6%), from €1.0m to €675,405
- Revaluation surpluses -€185,425
down €185,425 (-25.2%), from €734,841 to €549,416
- Other debts -€112,974
down €112,974 (-64.9%), from €174,040 to €61,066
- Other operating charges -€73,500
down €73,500 (-96.7%), from €75,974 to €2,474
- Gross operating margin -€67,534
down €67,534 (-37.9%), from €178,232 to €110,698
- Depreciation +€4,858
up €4,858 (+10.3%), from €47,376 to €52,234
- Financial charges -€2,971
down €2,971 (-8.6%), from €34,446 to €31,475
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 | €2,188,935 | €1,576,771 | -€612,165 | -28.0% |
| Fixed assets | 21/28 | €2,127,177 | €1,236,623 | -€890,554 | -41.9% |
| Tangible fixed assets | 22/27 | €2,125,452 | €1,236,398 | -€889,054 | -41.8% |
| Land and buildings | 22 | €2,120,189 | €1,233,640 | -€886,549 | -41.8% |
| Furniture and vehicles | 24 | €5,263 | €2,758 | -€2,505 | -47.6% |
| Financial fixed assets | 28 | €1,725 | €225 | -€1,500 | -87.0% |
| Current assets | 29/58 | €61,758 | €340,148 | +€278,389 | +450.8% |
| Amounts receivable within one year | 40/41 | €40,588 | €333,407 | +€292,819 | +721.4% |
| Trade receivables | 40 | €40,588 | €9,788 | -€30,800 | -75.9% |
| Other amounts receivable | 41 | - | €323,619 | +€323,619 | |
| Cash at bank and in hand | 54/58 | €3,845 | €6,741 | +€2,896 | +75.3% |
| Deferred charges and accrued income | 490/1 | €17,325 | - | -€17,325 | |
| Total equity and liabilities | 10/49 | €2,188,935 | €1,576,771 | -€612,165 | -28.0% |
| Equity | 10/15 | €932,122 | €764,642 | -€167,480 | -18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €734,841 | €549,416 | -€185,425 | -25.2% |
| Reserves | 13 | €176,519 | €176,519 | = | 0.0% |
| Distributable reserves | 133 | €176,519 | €176,519 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,562 | €32,507 | +€17,945 | +123.2% |
| Amounts payable | 17/49 | €1,256,813 | €812,128 | -€444,685 | -35.4% |
| Amounts payable after more than one year | 17 | €1,017,420 | €675,405 | -€342,015 | -33.6% |
| Financial debts | 170/4 | €1,017,420 | €675,405 | -€342,015 | -33.6% |
| Amounts payable within one year | 42/48 | €239,394 | €136,723 | -€102,670 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €57,044 | €62,768 | +€5,723 | +10.0% |
| Trade debts | 44 | €115 | €396 | +€281 | +245.3% |
| Suppliers | 440/4 | €115 | €396 | +€281 | +245.3% |
| Taxes, remuneration and social security | 45 | €8,194 | €12,494 | +€4,299 | +52.5% |
| Taxes | 450/3 | €8,194 | €12,494 | +€4,299 | +52.5% |
| Other amounts payable | 47/48 | €174,040 | €61,066 | -€112,974 | -64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,376 | €52,234 | +€4,858 | +10.3% |
| Other operating charges | 640/8 | €75,974 | €2,474 | -€73,500 | -96.7% |
| Gross operating margin | 9900 | €178,232 | €110,698 | -€67,534 | -37.9% |
| Operating profit (loss) | 9901 | €54,881 | €55,990 | +€1,109 | +2.0% |
| Financial income | 75/76B | €71 | - | -€71 | |
| Recurring financial income | 75 | €71 | - | -€71 | |
| Financial charges | 65/66B | €34,446 | €31,475 | -€2,971 | -8.6% |
| Recurring financial charges | 65 | €34,446 | €31,475 | -€2,971 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €20,507 | €24,515 | +€4,009 | +19.5% |
| Income taxes | 67/77 | €5,945 | €6,570 | +€625 | +10.5% |
| Profit (loss) for the period | 9904 | €14,562 | €17,945 | +€3,384 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,562 | €17,945 | +€3,384 | +23.2% |
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 6 October 2026 via checked.be.