LJB MANAGEMENT: 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.
LJB MANAGEMENT
Largest movements
- Cash +€1.5m
up €1.5m (+292%), from €519,841 to €2.0m
mainly Current investments (+€1.5m) and Net result for the year (+€278,406)
- Current investments -€1.5m
down €1.5m (-75.0%), from €2.0m to €500,000
- Tax, wage and social debts -€278,449
down €278,449 (-89.9%), from €309,646 to €31,197
- Reserves +€278,406
up €278,406 (+12.4%), from €2.2m to €2.5m
- Gross operating margin -€330,126
down €330,126 (-50.3%), from €656,012 to €325,886
- Financial charges -€199,998
down €199,998 (-100.0%), from €200,053 to €55
- Taxes -€32,558
down €32,558 (-26.0%), from €125,360 to €92,802
- Financial income -€20,070
down €20,070 (-29.8%), from €67,282 to €47,212
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 | €2,562,013 | €2,562,180 | +€167 | 0.0% |
| Fixed assets | 21/28 | €931 | €373 | -€559 | -60.0% |
| Tangible fixed assets | 22/27 | €931 | €373 | -€559 | -60.0% |
| Furniture and vehicles | 24 | €931 | €373 | -€559 | -60.0% |
| Current assets | 29/58 | €2,561,082 | €2,561,807 | +€726 | 0.0% |
| Amounts receivable within one year | 40/41 | €26,026 | €23,338 | -€2,688 | -10.3% |
| Trade receivables | 40 | €7,050 | - | -€7,050 | |
| Other amounts receivable | 41 | €18,976 | €23,338 | +€4,362 | +23.0% |
| Current investments | 50/53 | €2,000,000 | €500,000 | -€1.5m | -75.0% |
| Cash at bank and in hand | 54/58 | €519,841 | €2,037,793 | +€1.5m | +292% |
| Deferred charges and accrued income | 490/1 | €15,215 | €676 | -€14,539 | -95.6% |
| Total equity and liabilities | 10/49 | €2,562,013 | €2,562,180 | +€167 | 0.0% |
| Equity | 10/15 | €2,252,241 | €2,530,647 | +€278,406 | +12.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,247,241 | €2,525,647 | +€278,406 | +12.4% |
| Distributable reserves | 133 | €2,247,241 | €2,525,647 | +€278,406 | +12.4% |
| Amounts payable | 17/49 | €309,772 | €31,533 | -€278,239 | -89.8% |
| Amounts payable within one year | 42/48 | €309,772 | €31,533 | -€278,239 | -89.8% |
| Trade debts | 44 | €126 | €336 | +€210 | +167% |
| Suppliers | 440/4 | €126 | €336 | +€210 | +167% |
| Taxes, remuneration and social security | 45 | €309,646 | €31,197 | -€278,449 | -89.9% |
| Taxes | 450/3 | €309,646 | €31,197 | -€278,449 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €559 | €559 | = | 0.0% |
| Other operating charges | 640/8 | €1,244 | €1,276 | +€33 | +2.6% |
| Gross operating margin | 9900 | €656,012 | €325,886 | -€330,126 | -50.3% |
| Operating profit (loss) | 9901 | €654,210 | €324,051 | -€330,159 | -50.5% |
| Financial income | 75/76B | €67,282 | €47,212 | -€20,070 | -29.8% |
| Recurring financial income | 75 | €67,282 | €47,212 | -€20,070 | -29.8% |
| Financial charges | 65/66B | €200,053 | €55 | -€199,998 | -100.0% |
| Recurring financial charges | 65 | €200,053 | €55 | -€199,998 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €521,440 | €371,208 | -€150,231 | -28.8% |
| Income taxes | 67/77 | €125,360 | €92,802 | -€32,558 | -26.0% |
| Profit (loss) for the period | 9904 | €396,080 | €278,406 | -€117,674 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €396,080 | €278,406 | -€117,674 | -29.7% |
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 26 October 2026 via checked.be.