LBW Dedoncker: 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.
LBW Dedoncker
Largest movements
- Tangible fixed assets +€79,711
up €79,711 (+8.7%), from €912,383 to €992,094
of which Furniture and vehicles: +€76,197
- Cash +€35,330
up €35,330 (+47.6%), from €74,173 to €109,502
mainly Depreciation (+€227,789) and Debts after one year (+€189,953)
- Receivables within one year -€28,813
down €28,813 (-13.6%), from €211,932 to €183,119
of which Trade receivables: -€25,976
- Debts after one year +€189,953
up €189,953 (+71.2%), from €266,632 to €456,584
- Current portion of long-term debt -€118,171
down €118,171 (-53.2%), from €222,201 to €104,030
- Trade debts -€23,236
down €23,236 (-11.9%), from €195,865 to €172,629
- Reserves +€22,680
up €22,680 (+15.9%), from €142,314 to €164,994
of which Distributable reserves: +€22,680
- Gross operating margin +€43,386
up €43,386 (+18.2%), from €237,985 to €281,371
- Depreciation +€25,799
up €25,799 (+12.8%), from €201,990 to €227,789
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 | €1,208,033 | €1,293,634 | +€85,601 | +7.1% |
| Fixed assets | 21/28 | €912,383 | €992,094 | +€79,711 | +8.7% |
| Tangible fixed assets | 22/27 | €912,383 | €992,094 | +€79,711 | +8.7% |
| Land and buildings | 22 | €172,984 | €162,972 | -€10,012 | -5.8% |
| Plant, machinery and equipment | 23 | €316,928 | €347,286 | +€30,358 | +9.6% |
| Furniture and vehicles | 24 | €341,186 | €417,382 | +€76,197 | +22.3% |
| Leasing and similar rights | 25 | €81,284 | €64,453 | -€16,831 | -20.7% |
| Current assets | 29/58 | €295,650 | €301,540 | +€5,890 | +2.0% |
| Amounts receivable within one year | 40/41 | €211,932 | €183,119 | -€28,813 | -13.6% |
| Trade receivables | 40 | €195,764 | €169,788 | -€25,976 | -13.3% |
| Other amounts receivable | 41 | €16,168 | €13,331 | -€2,837 | -17.5% |
| Cash at bank and in hand | 54/58 | €74,173 | €109,502 | +€35,330 | +47.6% |
| Deferred charges and accrued income | 490/1 | €9,545 | €8,918 | -€627 | -6.6% |
| Total equity and liabilities | 10/49 | €1,208,033 | €1,293,634 | +€85,601 | +7.1% |
| Equity | 10/15 | €268,260 | €290,944 | +€22,684 | +8.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €142,314 | €164,994 | +€22,680 | +15.9% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €139,314 | €161,994 | +€22,680 | +16.3% |
| Profit (loss) carried forward | 14 | €946 | €950 | +€4 | +0.4% |
| Amounts payable | 17/49 | €939,773 | €1,002,690 | +€62,917 | +6.7% |
| Amounts payable after more than one year | 17 | €266,632 | €456,584 | +€189,953 | +71.2% |
| Financial debts | 170/4 | €266,632 | €456,584 | +€189,953 | +71.2% |
| Amounts payable within one year | 42/48 | €673,141 | €546,106 | -€127,035 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €222,201 | €104,030 | -€118,171 | -53.2% |
| Trade debts | 44 | €195,865 | €172,629 | -€23,236 | -11.9% |
| Suppliers | 440/4 | €195,865 | €172,629 | -€23,236 | -11.9% |
| Taxes, remuneration and social security | 45 | €148 | €6,618 | +€6,471 | +4386.8% |
| Taxes | 450/3 | €0 | €3,116 | +€3,116 | |
| Remuneration and social security | 454/9 | €148 | €3,502 | +€3,354 | +2274.0% |
| Other amounts payable | 47/48 | €254,927 | €262,828 | +€7,901 | +3.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €32,000 | +€32,000 | |
| Remuneration, social security and pensions | 62 | €3,544 | €4,895 | +€1,352 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,990 | €227,789 | +€25,799 | +12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €360 | +€360 | |
| Other operating charges | 640/8 | €692 | €2,022 | +€1,330 | +192.4% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Gross operating margin | 9900 | €237,985 | €281,371 | +€43,386 | +18.2% |
| Operating profit (loss) | 9901 | €31,760 | €45,304 | +€13,544 | +42.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | +50.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +50.0% |
| Financial charges | 65/66B | €18,769 | €20,353 | +€1,584 | +8.4% |
| Recurring financial charges | 65 | €18,769 | €20,353 | +€1,584 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €12,991 | €24,952 | +€11,960 | +92.1% |
| Income taxes | 67/77 | €3,322 | €2,268 | -€1,054 | -31.7% |
| Profit (loss) for the period | 9904 | €9,670 | €22,684 | +€13,014 | +134.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,670 | €22,684 | +€13,014 | +134.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.