LFB-BELGIUM: 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
LFB-BELGIUM
NACE 43.110, Demolition
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€495
2024 · €836-€342
Equity
-€55,282
2024 · -€55,776+€495
Cash
€11,351
2024 · €7,902+€3,448
Balance sheet total
€742,864
2024 · €753,757-€10,893
Largest movements
Assets
- Tangible fixed assets -€14,950
down €14,950 (-2.3%), from €640,826 to €625,876
of which Furniture and vehicles: -€11,731
Equity and liabilities
- Other debts -€14,987
down €14,987 (-3.0%), from €501,732 to €486,744
Income statement
- Depreciation +€1,443
up €1,443 (+4.8%), from €30,184 to €31,628
- Gross operating margin +€1,203
up €1,203 (+3.2%), from €37,381 to €38,583
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
€836
Gross operating margin
+€1,203
Depreciation
-€1,443
Other operating charges
-€123
Financial income
-€4
Financial charges
+€26
Result 2025
€495
raises the resultlowers the result
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.
From operations
+€20,126
Investment
-€16,678
Financing
€0
Cash 2024
€7,902
From operations (derived)
+€20,126
Net result for the year
+€495
Depreciation
+€31,628
Stocks and contracts
-€1,182
Receivables within one year
+€2,886
Deferred charges and accrued income
-€2,313
Trade debts
+€3,786
Tax, wage and social debts
-€323
Other debts
-€14,987
Accrued charges and deferred income
+€137
Investment (derived)
-€16,678
Investment in fixed assets (net)
-€16,678
Cash 2025
€11,351
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €753,757 | €742,864 | -€10,893 | -1.4% |
| Fixed assets | 21/28 | €642,220 | €627,270 | -€14,950 | -2.3% |
| Tangible fixed assets | 22/27 | €640,826 | €625,876 | -€14,950 | -2.3% |
| Land and buildings | 22 | €585,682 | €582,772 | -€2,910 | -0.5% |
| Plant, machinery and equipment | 23 | €12,415 | €12,107 | -€309 | -2.5% |
| Furniture and vehicles | 24 | €42,728 | €30,997 | -€11,731 | -27.5% |
| Financial fixed assets | 28 | €1,395 | €1,395 | = | 0.0% |
| Current assets | 29/58 | €111,536 | €115,594 | +€4,057 | +3.6% |
| Stocks and contracts in progress | 3 | €96,820 | €98,002 | +€1,182 | +1.2% |
| Stocks | 30/36 | €96,820 | €98,002 | +€1,182 | +1.2% |
| Amounts receivable within one year | 40/41 | €5,784 | €2,899 | -€2,886 | -49.9% |
| Trade receivables | 40 | €5,742 | €2,856 | -€2,886 | -50.3% |
| Other amounts receivable | 41 | €42 | €42 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,902 | €11,351 | +€3,448 | +43.6% |
| Deferred charges and accrued income | 490/1 | €1,029 | €3,342 | +€2,313 | +225% |
| Total equity and liabilities | 10/49 | €753,757 | €742,864 | -€10,893 | -1.4% |
| Equity | 10/15 | -€55,776 | -€55,282 | +€495 | +0.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €101,221 | €101,221 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,610 | €3,610 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,610 | €3,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,983 | €4,983 | = | 0.0% |
| Distributable reserves | 133 | €92,628 | €92,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,497 | -€169,003 | +€495 | +0.3% |
| Amounts payable | 17/49 | €809,533 | €798,146 | -€11,387 | -1.4% |
| Amounts payable after more than one year | 17 | €300,000 | €300,000 | = | 0.0% |
| Financial debts | 170/4 | €300,000 | €300,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €509,533 | €498,009 | -€11,524 | -2.3% |
| Trade debts | 44 | €4,397 | €8,183 | +€3,786 | +86.1% |
| Suppliers | 440/4 | €4,397 | €8,183 | +€3,786 | +86.1% |
| Taxes, remuneration and social security | 45 | €3,404 | €3,082 | -€323 | -9.5% |
| Taxes | 450/3 | €3,404 | €3,082 | -€323 | -9.5% |
| Other amounts payable | 47/48 | €501,732 | €486,744 | -€14,987 | -3.0% |
| Accrued charges and deferred income | 492/3 | - | €137 | +€137 | |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,184 | €31,628 | +€1,443 | +4.8% |
| Other operating charges | 640/8 | €6,327 | €6,450 | +€123 | +1.9% |
| Gross operating margin | 9900 | €37,381 | €38,583 | +€1,203 | +3.2% |
| Operating profit (loss) | 9901 | €869 | €506 | -€363 | -41.8% |
| Financial income | 75/76B | €58 | €54 | -€4 | -7.3% |
| Recurring financial income | 75 | €58 | €54 | -€4 | -7.3% |
| Financial charges | 65/66B | €91 | €65 | -€26 | -28.6% |
| Recurring financial charges | 65 | €91 | €65 | -€26 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €836 | €495 | -€342 | -40.8% |
| Profit (loss) for the period | 9904 | €836 | €495 | -€342 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €836 | €495 | -€342 | -40.8% |
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 23 October 2026 via checked.be.