LEBUR: 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.
LEBUR
Largest movements
- Cash -€9,537
down €9,537 (-4.5%), from €213,381 to €203,844
mainly Net result for the year (-€14,496) and Accrued charges and deferred income (-€3,608)
- Tangible fixed assets -€7,667
down €7,667 (-5.4%), from €142,471 to €134,804
of which Land and buildings: -€7,321
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Reserves +€16,077
up €16,077 (+14.9%), from €107,681 to €123,758
of which Non-distributable reserves: +€18,600
- Profit (loss) carried forward -€13,573
down €13,573 (-7.0%), from €194,827 to €181,254
- Accrued charges and deferred income -€3,608
no longer reported in 2025 (was €3,608)
- Financial income -€3,492
down €3,492 (-58.7%), from €5,951 to €2,460
- Gross operating margin -€1,687
down €1,687 (-74.1%), from -€2,276 to -€3,964
- Other operating charges +€561
up €561 (+9.6%), from €5,843 to €6,404
- Depreciation -€155
down €155 (-2.0%), from €7,822 to €7,667
- Financial charges +€61
up €61 (+37.9%), from €160 to €221
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 | €360,220 | €341,227 | -€18,993 | -5.3% |
| Fixed assets | 21/28 | €144,267 | €136,600 | -€7,667 | -5.3% |
| Tangible fixed assets | 22/27 | €142,471 | €134,804 | -€7,667 | -5.4% |
| Land and buildings | 22 | €141,815 | €134,494 | -€7,321 | -5.2% |
| Furniture and vehicles | 24 | €656 | €310 | -€346 | -52.7% |
| Financial fixed assets | 28 | €1,796 | €1,796 | = | 0.0% |
| Current assets | 29/58 | €215,953 | €204,627 | -€11,326 | -5.2% |
| Amounts receivable within one year | 40/41 | €2,572 | €783 | -€1,789 | -69.6% |
| Trade receivables | 40 | €45 | €45 | = | 0.0% |
| Other amounts receivable | 41 | €2,527 | €738 | -€1,789 | -70.8% |
| Cash at bank and in hand | 54/58 | €213,381 | €203,844 | -€9,537 | -4.5% |
| Total equity and liabilities | 10/49 | €360,220 | €341,227 | -€18,993 | -5.3% |
| Equity | 10/15 | €321,108 | €305,012 | -€16,096 | -5.0% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €107,681 | €123,758 | +€16,077 | +14.9% |
| Non-distributable reserves | 130/1 | €6,200 | €24,800 | +€18,600 | +300% |
| Reserves not available under the articles | 1311 | €6,200 | €24,800 | +€18,600 | +300% |
| Tax-exempt reserves | 132 | €64,278 | €61,755 | -€2,523 | -3.9% |
| Distributable reserves | 133 | €37,203 | €37,203 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,827 | €181,254 | -€13,573 | -7.0% |
| Provisions and deferred taxes | 16 | €33,098 | €31,799 | -€1,299 | -3.9% |
| Deferred taxes | 168 | €33,098 | €31,799 | -€1,299 | -3.9% |
| Amounts payable | 17/49 | €6,014 | €4,416 | -€1,598 | -26.6% |
| Amounts payable within one year | 42/48 | €2,405 | €4,416 | +€2,011 | +83.6% |
| Trade debts | 44 | - | €1,804 | +€1,804 | |
| Suppliers | 440/4 | - | €1,804 | +€1,804 | |
| Other amounts payable | 47/48 | €2,405 | €2,612 | +€207 | +8.6% |
| Accrued charges and deferred income | 492/3 | €3,608 | - | -€3,608 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,822 | €7,667 | -€155 | -2.0% |
| Other operating charges | 640/8 | €5,843 | €6,404 | +€561 | +9.6% |
| Gross operating margin | 9900 | -€2,276 | -€3,964 | -€1,687 | -74.1% |
| Operating profit (loss) | 9901 | -€15,941 | -€18,034 | -€2,093 | -13.1% |
| Financial income | 75/76B | €5,951 | €2,460 | -€3,492 | -58.7% |
| Recurring financial income | 75 | €5,951 | €2,460 | -€3,492 | -58.7% |
| Financial charges | 65/66B | €160 | €221 | +€61 | +37.9% |
| Recurring financial charges | 65 | €160 | €221 | +€61 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,150 | -€15,795 | -€5,645 | -55.6% |
| Transfer from deferred taxes | 780 | €1,299 | €1,299 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€8,851 | -€14,496 | -€5,645 | -63.8% |
| Transfer from tax-exempt reserves | 789 | €2,523 | €2,523 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,328 | -€11,973 | -€5,645 | -89.2% |
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 15 October 2026 via checked.be.