LBtechnics: 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.
LBtechnics
Largest movements
- Tangible fixed assets +€47,904
up €47,904 (+133.1%), from €35,992 to €83,896
of which Furniture and vehicles: +€39,766
- Cash +€36,221
up €36,221 (+76.8%), from €47,186 to €83,408
mainly Debts after one year (+€85,141) and Trade debts (+€57,203)
- Receivables within one year +€25,036
up €25,036 (+66.1%), from €37,859 to €62,895
of which Trade receivables: +€27,625
- Debts after one year +€85,141
up €85,141 (+466.7%), from €18,243 to €103,383
- Trade debts +€57,203
up €57,203 (+448.0%), from €12,767 to €69,970
- Reserves -€51,926
down €51,926 (-64.8%), from €80,176 to €28,250
- Current portion of long-term debt +€11,023
up €11,023 (+166.2%), from €6,631 to €17,654
- Tax, wage and social debts +€8,902
up €8,902 (+111.6%), from €7,980 to €16,881
of which Remuneration and social security: +€8,706
- Gross operating margin +€52,459
up €52,459 (+63.7%), from €82,385 to €134,844
- Staff costs +€42,137
up €42,137 (+154.3%), from €27,307 to €69,443
- Depreciation +€14,162
up €14,162 (+128.5%), from €11,023 to €25,184
- Taxes -€1,893
down €1,893 (-21.5%), from €8,827 to €6,934
- Financial charges +€1,488
up €1,488 (+81.0%), from €1,836 to €3,324
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 | €137,361 | €246,121 | +€108,760 | +79.2% |
| Fixed assets | 21/28 | €38,692 | €86,596 | +€47,904 | +123.8% |
| Tangible fixed assets | 22/27 | €35,992 | €83,896 | +€47,904 | +133.1% |
| Plant, machinery and equipment | 23 | €12,192 | €20,330 | +€8,138 | +66.7% |
| Furniture and vehicles | 24 | €23,800 | €63,566 | +€39,766 | +167.1% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €98,669 | €159,526 | +€60,857 | +61.7% |
| Stocks and contracts in progress | 3 | €9,915 | €11,127 | +€1,213 | +12.2% |
| Stocks | 30/36 | €9,915 | €11,127 | +€1,213 | +12.2% |
| Amounts receivable within one year | 40/41 | €37,859 | €62,895 | +€25,036 | +66.1% |
| Trade receivables | 40 | €29,231 | €56,855 | +€27,625 | +94.5% |
| Other amounts receivable | 41 | €8,628 | €6,039 | -€2,589 | -30.0% |
| Cash at bank and in hand | 54/58 | €47,186 | €83,408 | +€36,221 | +76.8% |
| Deferred charges and accrued income | 490/1 | €3,709 | €2,095 | -€1,614 | -43.5% |
| Total equity and liabilities | 10/49 | €137,361 | €246,121 | +€108,760 | +79.2% |
| Equity | 10/15 | €82,676 | €30,750 | -€51,926 | -62.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €80,176 | €28,250 | -€51,926 | -64.8% |
| Distributable reserves | 133 | €80,176 | €28,250 | -€51,926 | -64.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €54,685 | €215,371 | +€160,686 | +293.8% |
| Amounts payable after more than one year | 17 | €18,243 | €103,383 | +€85,141 | +466.7% |
| Financial debts | 170/4 | €18,243 | €103,383 | +€85,141 | +466.7% |
| Amounts payable within one year | 42/48 | €35,787 | €110,300 | +€74,512 | +208.2% |
| Current portion of amounts payable after more than one year | 42 | €6,631 | €17,654 | +€11,023 | +166.2% |
| Trade debts | 44 | €12,767 | €69,970 | +€57,203 | +448.0% |
| Suppliers | 440/4 | €12,767 | €69,970 | +€57,203 | +448.0% |
| Taxes, remuneration and social security | 45 | €7,980 | €16,881 | +€8,902 | +111.6% |
| Taxes | 450/3 | €5,819 | €6,015 | +€196 | +3.4% |
| Remuneration and social security | 454/9 | €2,160 | €10,866 | +€8,706 | +403.0% |
| Other amounts payable | 47/48 | €8,409 | €5,794 | -€2,615 | -31.1% |
| Accrued charges and deferred income | 492/3 | €655 | €1,688 | +€1,033 | +157.8% |
| Remuneration, social security and pensions | 62 | €27,307 | €69,443 | +€42,137 | +154.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,023 | €25,184 | +€14,162 | +128.5% |
| Other operating charges | 640/8 | €1,452 | €2,415 | +€962 | +66.3% |
| Gross operating margin | 9900 | €82,385 | €134,844 | +€52,459 | +63.7% |
| Operating profit (loss) | 9901 | €42,604 | €37,802 | -€4,802 | -11.3% |
| Financial income | 75/76B | €227 | €706 | +€480 | +211.7% |
| Recurring financial income | 75 | €227 | €706 | +€480 | +211.7% |
| Financial charges | 65/66B | €1,836 | €3,324 | +€1,488 | +81.0% |
| Recurring financial charges | 65 | €1,836 | €3,324 | +€1,488 | +81.0% |
| Profit (loss) for the period before taxes | 9903 | €40,994 | €35,184 | -€5,810 | -14.2% |
| Income taxes | 67/77 | €8,827 | €6,934 | -€1,893 | -21.5% |
| Profit (loss) for the period | 9904 | €32,167 | €28,250 | -€3,916 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,167 | €28,250 | -€3,916 | -12.2% |
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 12 October 2026 via checked.be.