LBV DEVELOPPEMENT: 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.
LBV DEVELOPPEMENT
Largest movements
- Receivables within one year +€52,895
up €52,895 (+168%), from €31,493 to €84,388
of which Trade receivables: +€52,898
- Tangible fixed assets -€24,536
down €24,536 (-46.9%), from €52,284 to €27,747
- Cash -€6,201
down €6,201 (-99.1%), from €6,258 to €57
mainly Receivables within one year (-€52,895) and Current portion of long-term debt (-€17,969)
- Profit (loss) carried forward +€41,334
up €41,334 (+35.2%), from -€117,445 to -€76,111
- Current portion of long-term debt -€17,969
down €17,969 (-100%), from €17,969 to €0
- Other debts -€1,516
down €1,516 (-3.1%), from €49,093 to €47,577
- Gross operating margin +€32,403
up €32,403 (+88.6%), from €36,590 to €68,993
- Other operating charges +€1,967
up €1,967 (+351%), from €561 to €2,528
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 | €92,302 | €115,090 | +€22,788 | +24.7% |
| Fixed assets | 21/28 | €52,284 | €28,247 | -€24,036 | -46.0% |
| Tangible fixed assets | 22/27 | €52,284 | €27,747 | -€24,536 | -46.9% |
| Furniture and vehicles | 24 | €52,284 | €27,747 | -€24,536 | -46.9% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €40,018 | €86,842 | +€46,824 | +117% |
| Amounts receivable within one year | 40/41 | €31,493 | €84,388 | +€52,895 | +168% |
| Trade receivables | 40 | €25,231 | €78,129 | +€52,898 | +210% |
| Other amounts receivable | 41 | €6,262 | €6,258 | -€3 | -0.1% |
| Cash at bank and in hand | 54/58 | €6,258 | €57 | -€6,201 | -99.1% |
| Deferred charges and accrued income | 490/1 | €2,267 | €2,398 | +€131 | +5.8% |
| Total equity and liabilities | 10/49 | €92,302 | €115,090 | +€22,788 | +24.7% |
| Equity | 10/15 | €21,155 | €62,489 | +€41,334 | +195% |
| Contributions | 10/11 | €138,600 | €138,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,445 | -€76,111 | +€41,334 | +35.2% |
| Amounts payable | 17/49 | €71,147 | €52,600 | -€18,546 | -26.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €70,954 | €52,402 | -€18,552 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €17,969 | €0 | -€17,969 | -100% |
| Trade debts | 44 | €3,483 | €4,193 | +€709 | +20.4% |
| Suppliers | 440/4 | €3,483 | €4,193 | +€709 | +20.4% |
| Taxes, remuneration and social security | 45 | €410 | €633 | +€223 | +54.3% |
| Taxes | 450/3 | €410 | €633 | +€223 | +54.3% |
| Other amounts payable | 47/48 | €49,093 | €47,577 | -€1,516 | -3.1% |
| Accrued charges and deferred income | 492/3 | €192 | €198 | +€6 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,168 | €24,536 | -€632 | -2.5% |
| Other operating charges | 640/8 | €561 | €2,528 | +€1,967 | +351% |
| Gross operating margin | 9900 | €36,590 | €68,993 | +€32,403 | +88.6% |
| Operating profit (loss) | 9901 | €10,861 | €41,929 | +€31,068 | +286% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €506 | €199 | -€307 | -60.7% |
| Recurring financial charges | 65 | €506 | €199 | -€307 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €10,355 | €41,730 | +€31,375 | +303% |
| Income taxes | 67/77 | €410 | €396 | -€14 | -3.5% |
| Profit (loss) for the period | 9904 | €9,945 | €41,334 | +€31,389 | +316% |
| Profit (loss) for the period to be appropriated | 9905 | €9,945 | €41,334 | +€31,389 | +316% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.