LBTech: 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.
LBTech
Largest movements
- Receivables within one year -€11,057
down €11,057 (-72.1%), from €15,331 to €4,274
of which Trade receivables: -€9,154
- Cash +€6,996
up €6,996 (+70.0%), from €9,996 to €16,993
mainly Net result for the year (+€12,704) and Depreciation (+€11,702)
- Tangible fixed assets +€1,281
up €1,281 (+1.4%), from €92,432 to €93,713
of which Furniture and vehicles: +€6,525
- Debts after one year -€13,652
down €13,652 (-43.9%), from €31,116 to €17,464
- Profit (loss) carried forward +€12,704
up €12,704 (+27.5%), from €46,123 to €58,827
- Tax, wage and social debts -€2,426
down €2,426 (-52.7%), from €4,605 to €2,178
- Trade debts +€1,225
up €1,225 (+10.7%), from €11,480 to €12,705
- Gross operating margin +€3,430
up €3,430 (+10.7%), from €31,952 to €35,382
- Depreciation +€2,579
up €2,579 (+28.3%), from €9,122 to €11,702
- Taxes +€2,383
up €2,383 (+44.4%), from €5,365 to €7,747
- Other operating charges -€937
down €937 (-46.2%), from €2,026 to €1,090
- Financial income -€773
down €773 (-91.1%), from €849 to €76
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 | €118,944 | €116,023 | -€2,921 | -2.5% |
| Fixed assets | 21/28 | €92,432 | €93,713 | +€1,281 | +1.4% |
| Tangible fixed assets | 22/27 | €92,432 | €93,713 | +€1,281 | +1.4% |
| Land and buildings | 22 | €73,775 | €68,944 | -€4,831 | -6.5% |
| Plant, machinery and equipment | 23 | €1,810 | €1,396 | -€413 | -22.8% |
| Furniture and vehicles | 24 | €16,847 | €23,372 | +€6,525 | +38.7% |
| Current assets | 29/58 | €26,512 | €22,310 | -€4,202 | -15.8% |
| Amounts receivable within one year | 40/41 | €15,331 | €4,274 | -€11,057 | -72.1% |
| Trade receivables | 40 | €11,087 | €1,933 | -€9,154 | -82.6% |
| Other amounts receivable | 41 | €4,244 | €2,341 | -€1,903 | -44.8% |
| Cash at bank and in hand | 54/58 | €9,996 | €16,993 | +€6,996 | +70.0% |
| Deferred charges and accrued income | 490/1 | €1,185 | €1,044 | -€141 | -11.9% |
| Total equity and liabilities | 10/49 | €118,944 | €116,023 | -€2,921 | -2.5% |
| Equity | 10/15 | €52,323 | €65,027 | +€12,704 | +24.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,123 | €58,827 | +€12,704 | +27.5% |
| Amounts payable | 17/49 | €66,621 | €50,996 | -€15,625 | -23.5% |
| Amounts payable after more than one year | 17 | €31,116 | €17,464 | -€13,652 | -43.9% |
| Financial debts | 170/4 | €31,116 | €17,464 | -€13,652 | -43.9% |
| Amounts payable within one year | 42/48 | €35,505 | €33,532 | -€1,973 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €13,572 | €13,652 | +€80 | +0.6% |
| Trade debts | 44 | €11,480 | €12,705 | +€1,225 | +10.7% |
| Suppliers | 440/4 | €11,480 | €12,705 | +€1,225 | +10.7% |
| Taxes, remuneration and social security | 45 | €4,605 | €2,178 | -€2,426 | -52.7% |
| Taxes | 450/3 | €4,605 | €2,178 | -€2,426 | -52.7% |
| Other amounts payable | 47/48 | €5,848 | €4,997 | -€851 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,122 | €11,702 | +€2,579 | +28.3% |
| Other operating charges | 640/8 | €2,026 | €1,090 | -€937 | -46.2% |
| Gross operating margin | 9900 | €31,952 | €35,382 | +€3,430 | +10.7% |
| Operating profit (loss) | 9901 | €20,804 | €22,591 | +€1,787 | +8.6% |
| Financial income | 75/76B | €849 | €76 | -€773 | -91.1% |
| Recurring financial income | 75 | €849 | €76 | -€773 | -91.1% |
| Financial charges | 65/66B | €2,760 | €2,216 | -€544 | -19.7% |
| Recurring financial charges | 65 | €2,760 | €2,216 | -€544 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €18,893 | €20,451 | +€1,558 | +8.2% |
| Income taxes | 67/77 | €5,365 | €7,747 | +€2,383 | +44.4% |
| Profit (loss) for the period | 9904 | €13,528 | €12,704 | -€825 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,528 | €12,704 | -€825 | -6.1% |
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.