LBSP: 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.
LBSP
Largest movements
- Current investments -€59,034
down €59,034 (-99.3%), from €59,477 to €443
- Cash +€27,769
up €27,769 (+22.3%), from €124,790 to €152,559
mainly Net result for the year (+€74,934) and Current investments (+€59,034)
- Receivables within one year -€12,230
down €12,230 (-35.1%), from €34,857 to €22,627
of which Trade receivables: -€11,314
- Other debts -€100,405
down €100,405 (-96.7%), from €103,871 to €3,466
- Reserves +€74,934
up €74,934 (+97.2%), from €77,125 to €152,059
- Tax, wage and social debts -€18,173
down €18,173 (-47.8%), from €38,004 to €19,832
- Gross operating margin -€30,639
down €30,639 (-24.0%), from €127,921 to €97,282
- Taxes -€9,047
down €9,047 (-31.4%), from €28,842 to €19,795
- Financial income -€7,371
down €7,371 (-99.5%), from €7,410 to €40
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 | €220,891 | €177,163 | -€43,728 | -19.8% |
| Fixed assets | 21/28 | €1,534 | €1,415 | -€119 | -7.8% |
| Tangible fixed assets | 22/27 | €1,534 | €1,415 | -€119 | -7.8% |
| Plant, machinery and equipment | 23 | €1,534 | €1,415 | -€119 | -7.8% |
| Current assets | 29/58 | €219,356 | €175,748 | -€43,609 | -19.9% |
| Amounts receivable within one year | 40/41 | €34,857 | €22,627 | -€12,230 | -35.1% |
| Trade receivables | 40 | €33,941 | €22,627 | -€11,314 | -33.3% |
| Other amounts receivable | 41 | €916 | €0 | -€916 | -100% |
| Current investments | 50/53 | €59,477 | €443 | -€59,034 | -99.3% |
| Cash at bank and in hand | 54/58 | €124,790 | €152,559 | +€27,769 | +22.3% |
| Deferred charges and accrued income | 490/1 | €233 | €119 | -€114 | -48.9% |
| Total equity and liabilities | 10/49 | €220,891 | €177,163 | -€43,728 | -19.8% |
| Equity | 10/15 | €78,125 | €153,059 | +€74,934 | +95.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €77,125 | €152,059 | +€74,934 | +97.2% |
| Distributable reserves | 133 | €77,125 | €152,059 | +€74,934 | +97.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €142,766 | €24,104 | -€118,662 | -83.1% |
| Amounts payable within one year | 42/48 | €142,766 | €24,104 | -€118,662 | -83.1% |
| Trade debts | 44 | €891 | €807 | -€84 | -9.4% |
| Suppliers | 440/4 | €891 | €807 | -€84 | -9.4% |
| Taxes, remuneration and social security | 45 | €38,004 | €19,832 | -€18,173 | -47.8% |
| Taxes | 450/3 | €38,004 | €19,832 | -€18,173 | -47.8% |
| Other amounts payable | 47/48 | €103,871 | €3,466 | -€100,405 | -96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €933 | €929 | -€4 | -0.5% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €127,921 | €97,282 | -€30,639 | -24.0% |
| Operating profit (loss) | 9901 | €126,537 | €95,888 | -€30,649 | -24.2% |
| Financial income | 75/76B | €7,410 | €40 | -€7,371 | -99.5% |
| Recurring financial income | 75 | €7,410 | €40 | -€7,371 | -99.5% |
| Financial charges | 65/66B | €1,793 | €1,199 | -€595 | -33.2% |
| Recurring financial charges | 65 | €1,793 | €1,199 | -€595 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €132,153 | €94,729 | -€37,425 | -28.3% |
| Income taxes | 67/77 | €28,842 | €19,795 | -€9,047 | -31.4% |
| Profit (loss) for the period | 9904 | €103,312 | €74,934 | -€28,378 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €103,312 | €74,934 | -€28,378 | -27.5% |
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 20 October 2026 via checked.be.