Lerbat: 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.
Lerbat
Largest movements
- Current investments +€160,000
new in 2025: €160,000
- Cash -€68,590
down €68,590 (-25.2%), from €272,556 to €203,966
mainly Current investments (-€160,000) and Other debts (-€19,708)
- Receivables within one year -€14,178
down €14,178 (-24.4%), from €58,017 to €43,838
- Profit (loss) carried forward +€94,283
up €94,283 (+31.9%), from €295,743 to €390,026
- Other debts -€19,708
down €19,708 (-60.3%), from €32,670 to €12,962
- Advances received +€5,200
new in 2025: €5,200
- Gross operating margin -€9,983
down €9,983 (-7.0%), from €143,442 to €133,459
- Taxes -€2,178
down €2,178 (-7.5%), from €29,049 to €26,870
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 | €368,252 | €444,600 | +€76,348 | +20.7% |
| Fixed assets | 21/28 | €37,679 | €36,642 | -€1,038 | -2.8% |
| Tangible fixed assets | 22/27 | €37,679 | €36,642 | -€1,038 | -2.8% |
| Plant, machinery and equipment | 23 | - | €1,448 | +€1,448 | |
| Furniture and vehicles | 24 | €37,679 | €26,843 | -€10,837 | -28.8% |
| Other tangible fixed assets | 26 | - | €8,352 | +€8,352 | |
| Current assets | 29/58 | €330,572 | €407,958 | +€77,386 | +23.4% |
| Amounts receivable within one year | 40/41 | €58,017 | €43,838 | -€14,178 | -24.4% |
| Trade receivables | 40 | €58,017 | €43,838 | -€14,178 | -24.4% |
| Current investments | 50/53 | - | €160,000 | +€160,000 | |
| Cash at bank and in hand | 54/58 | €272,556 | €203,966 | -€68,590 | -25.2% |
| Deferred charges and accrued income | 490/1 | - | €154 | +€154 | |
| Total equity and liabilities | 10/49 | €368,252 | €444,600 | +€76,348 | +20.7% |
| Equity | 10/15 | €297,743 | €392,026 | +€94,283 | +31.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €295,743 | €390,026 | +€94,283 | +31.9% |
| Amounts payable | 17/49 | €70,509 | €52,574 | -€17,936 | -25.4% |
| Amounts payable within one year | 42/48 | €70,509 | €52,574 | -€17,936 | -25.4% |
| Trade debts | 44 | - | €186 | +€186 | |
| Suppliers | 440/4 | - | €186 | +€186 | |
| Advances received on contracts in progress | 46 | - | €5,200 | +€5,200 | |
| Taxes, remuneration and social security | 45 | €37,839 | €34,226 | -€3,613 | -9.5% |
| Taxes | 450/3 | €37,839 | €34,226 | -€3,613 | -9.5% |
| Other amounts payable | 47/48 | €32,670 | €12,962 | -€19,708 | -60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,732 | €11,926 | +€1,194 | +11.1% |
| Other operating charges | 640/8 | €127 | €319 | +€192 | +151.7% |
| Gross operating margin | 9900 | €143,442 | €133,459 | -€9,983 | -7.0% |
| Operating profit (loss) | 9901 | €132,583 | €121,214 | -€11,369 | -8.6% |
| Financial income | 75/76B | €4 | €3 | -€1 | -32.4% |
| Recurring financial income | 75 | €4 | €3 | -€1 | -32.4% |
| Financial charges | 65/66B | €267 | €62 | -€204 | -76.6% |
| Recurring financial charges | 65 | €267 | €62 | -€204 | -76.6% |
| Profit (loss) for the period before taxes | 9903 | €132,320 | €121,154 | -€11,166 | -8.4% |
| Income taxes | 67/77 | €29,049 | €26,870 | -€2,178 | -7.5% |
| Profit (loss) for the period | 9904 | €103,271 | €94,283 | -€8,988 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,271 | €94,283 | -€8,988 | -8.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.