LBX: 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.
What changed
LBX
NACE 30.200, Manufacture of other transport equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€318,434
2024 · €261,708+€56,727
Equity
€3.3m
2024 · €3.0m+€318,434
Cash
€693,988
2024 · €464,886+€229,102
Balance sheet total
€21.0m
2024 · €20.2m+€794,067
Largest movements
Assets
- Receivables within one year +€2.5m
up €2.5m (+47.9%), from €5.2m to €7.7m
of which Trade receivables: +€2.5m
- Stocks and contracts -€1.9m
down €1.9m (-17.5%), from €10.7m to €8.9m
of which Stocks: -€2.0m
- Cash +€229,102
up €229,102 (+49.3%), from €464,886 to €693,988
mainly Stocks and contracts (+€1.9m) and Debts after one year (+€1.0m)
Equity and liabilities
- Debts after one year +€1.0m
up €1.0m (+12.5%), from €8.0m to €9.0m
- Trade debts -€723,575
down €723,575 (-9.3%), from €7.8m to €7.1m
- Profit (loss) carried forward +€318,434
up €318,434 (+31.0%), from -€1.0m to -€708,761
Income statement
- Turnover +€8.0m
up €8.0m (+30.4%), from €26.2m to €34.2m
- Goods and materials +€7.5m
up €7.5m (+41.3%), from €18.2m to €25.7m
of which Change in stocks: decrease (increase): +€5.1m
- Services and other goods +€456,527
up €456,527 (+15.6%), from €2.9m to €3.4m
- Staff costs +€374,391
up €374,391 (+10.4%), from €3.6m to €4.0m
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.
Result 2024
€261,708
Turnover
+€8.0m
Other operating income
-€131,836
Goods and materials
-€7.5m
Services and other goods
-€456,527
Staff costs
-€374,391
Depreciation
+€82,361
Write-downs
-€222,712
Provisions
+€32,973
Other operating charges
+€5,765
Other operating items
+€591,595
Financial income
-€12,203
Financial charges
+€82,811
Taxes
-€94
Result 2025
€318,434
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.
From operations
-€364,056
Investment
-€406,842
Financing
+€1,000,000
Cash 2024
€464,886
From operations (derived)
-€364,056
Net result for the year
+€318,434
Depreciation
+€454,701
Stocks and contracts
+€1.9m
Receivables within one year
-€2.5m
Deferred charges and accrued income
+€2,639
Provisions
+€109,747
Trade debts
-€723,575
Tax, wage and social debts
+€93,792
Advances received
+€47,478
Accrued charges and deferred income
-€51,810
Investment (derived)
-€406,842
Investment in fixed assets (net)
-€406,842
Financing
+€1,000,000
Debts after one year
+€1.0m
Contributions, distributions and other
-€0
Cash 2025
€693,988
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,219,870 | €21,013,937 | +€794,067 | +3.9% |
| Fixed assets | 21/28 | €3,796,137 | €3,748,278 | -€47,859 | -1.3% |
| Tangible fixed assets | 22/27 | €3,277,014 | €3,098,807 | -€178,207 | -5.4% |
| Land and buildings | 22 | €1,351,380 | €1,307,398 | -€43,982 | -3.3% |
| Plant, machinery and equipment | 23 | €1,660,891 | €1,456,105 | -€204,786 | -12.3% |
| Furniture and vehicles | 24 | €31,265 | €67,432 | +€36,167 | +115.7% |
| Assets under construction and advance payments | 27 | €233,478 | €267,873 | +€34,395 | +14.7% |
| Financial fixed assets | 28 | €519,123 | €649,471 | +€130,348 | +25.1% |
| Other financial fixed assets | 284/8 | €519,123 | €649,471 | +€130,348 | +25.1% |
| Amounts receivable and cash guarantees | 285/8 | €519,123 | €649,471 | +€130,348 | +25.1% |
| Current assets | 29/58 | €16,423,733 | €17,265,659 | +€841,926 | +5.1% |
| Stocks and contracts in progress | 3 | €10,745,537 | €8,870,337 | -€1.9m | -17.5% |
| Stocks | 30/36 | €10,062,669 | €8,075,602 | -€2.0m | -19.7% |
| Raw materials and consumables | 30/31 | €6,319,444 | €4,873,402 | -€1.4m | -22.9% |
| Finished goods | 33 | €3,743,225 | €3,202,201 | -€541,024 | -14.5% |
| Contracts in progress | 37 | €682,868 | €794,735 | +€111,867 | +16.4% |
| Amounts receivable within one year | 40/41 | €5,204,881 | €7,695,544 | +€2.5m | +47.9% |
| Trade receivables | 40 | €5,115,926 | €7,627,421 | +€2.5m | +49.1% |
| Other amounts receivable | 41 | €88,955 | €68,123 | -€20,832 | -23.4% |
| Cash at bank and in hand | 54/58 | €464,886 | €693,988 | +€229,102 | +49.3% |
| Deferred charges and accrued income | 490/1 | €8,428 | €5,790 | -€2,639 | -31.3% |
| Total equity and liabilities | 10/49 | €20,219,870 | €21,013,937 | +€794,067 | +3.9% |
| Equity | 10/15 | €2,972,804 | €3,291,239 | +€318,434 | +10.7% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,027,196 | -€708,761 | +€318,434 | +31.0% |
| Provisions and deferred taxes | 16 | €642,040 | €751,787 | +€109,747 | +17.1% |
| Provisions for liabilities and charges | 160/5 | €642,040 | €751,787 | +€109,747 | +17.1% |
| Other liabilities and charges | 164/5 | €642,040 | €751,787 | +€109,747 | +17.1% |
| Amounts payable | 17/49 | €16,605,026 | €16,970,910 | +€365,885 | +2.2% |
| Amounts payable after more than one year | 17 | €8,000,000 | €9,000,000 | +€1.0m | +12.5% |
| Financial debts | 170/4 | €8,000,000 | €9,000,000 | +€1.0m | +12.5% |
| Subordinated loans | 170 | €8,000,000 | €9,000,000 | +€1.0m | +12.5% |
| Amounts payable within one year | 42/48 | €8,553,066 | €7,970,761 | -€582,305 | -6.8% |
| Trade debts | 44 | €7,776,943 | €7,053,369 | -€723,575 | -9.3% |
| Suppliers | 440/4 | €7,776,943 | €7,053,369 | -€723,575 | -9.3% |
| Advances received on contracts in progress | 46 | - | €47,478 | +€47,478 | |
| Taxes, remuneration and social security | 45 | €776,123 | €869,914 | +€93,792 | +12.1% |
| Taxes | 450/3 | €101,516 | €172,434 | +€70,919 | +69.9% |
| Remuneration and social security | 454/9 | €674,607 | €697,480 | +€22,873 | +3.4% |
| Accrued charges and deferred income | 492/3 | €51,960 | €150 | -€51,810 | -99.7% |
| Operating income | 70/76A | €25,879,284 | €34,317,873 | +€8.4m | +32.6% |
| Turnover | 70 | €26,206,176 | €34,185,006 | +€8.0m | +30.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€743,674 | -€152,079 | +€591,595 | +79.6% |
| Other operating income | 74 | €416,782 | €284,947 | -€131,836 | -31.6% |
| Operating charges | 60/66A | €25,267,287 | €33,719,664 | +€8.5m | +33.5% |
| Goods for resale, raw materials and consumables | 60 | €18,188,409 | €25,708,254 | +€7.5m | +41.3% |
| Purchases | 600/8 | €21,637,452 | €24,021,852 | +€2.4m | +11.0% |
| Change in stocks: decrease (increase) | 609 | -€3,449,043 | €1,686,402 | +€5.1m | |
| Services and other goods | 61 | €2,926,941 | €3,383,468 | +€456,527 | +15.6% |
| Remuneration, social security and pensions | 62 | €3,594,530 | €3,968,921 | +€374,391 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537,062 | €454,701 | -€82,361 | -15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€185,993 | €36,719 | +€222,712 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €142,720 | €109,747 | -€32,973 | -23.1% |
| Other operating charges | 640/8 | €63,618 | €57,853 | -€5,765 | -9.1% |
| Operating profit (loss) | 9901 | €611,997 | €598,210 | -€13,787 | -2.3% |
| Financial income | 75/76B | €16,622 | €4,419 | -€12,203 | -73.4% |
| Recurring financial income | 75 | €16,622 | €4,419 | -€12,203 | -73.4% |
| Other financial income | 752/9 | €16,622 | €4,419 | -€12,203 | -73.4% |
| Financial charges | 65/66B | €364,558 | €281,747 | -€82,811 | -22.7% |
| Recurring financial charges | 65 | €364,558 | €281,747 | -€82,811 | -22.7% |
| Debt charges | 650 | €359,325 | €273,295 | -€86,030 | -23.9% |
| Other financial charges | 652/9 | €5,233 | €8,453 | +€3,220 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | €264,061 | €320,882 | +€56,820 | +21.5% |
| Income taxes | 67/77 | €2,353 | €2,447 | +€94 | +4.0% |
| Taxes | 670/3 | €2,353 | €2,447 | +€94 | +4.0% |
| Profit (loss) for the period | 9904 | €261,708 | €318,434 | +€56,727 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €261,708 | €318,434 | +€56,727 | +21.7% |
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 9 October 2026 via checked.be.