LNB: what changed
LNB
Largest movements
- Receivables within one year -€38,890
down €38,890 (-22.1%), from €175,844 to €136,953
- Cash +€23,930
up €23,930 (+199%), from €12,004 to €35,935
mainly Receivables within one year (+€38,890) and Depreciation (+€23,966)
- Tangible fixed assets -€12,588
down €12,588 (-14.6%), from €86,264 to €73,676
of which Plant, machinery and equipment: -€8,651
- Stocks and contracts -€4,850
down €4,850 (-9.2%), from €52,861 to €48,011
of which Contracts in progress: -€5,000
- Debts after one year -€23,330
down €23,330 (-49.0%), from €47,572 to €24,242
- Profit (loss) carried forward -€14,812
down €14,812, from €0 to -€14,812
- Tax, wage and social debts +€11,385
up €11,385 (+9.1%), from €124,648 to €136,033
of which Remuneration and social security: +€7,219
- Reserves -€11,302
down €11,302 (-40.6%), from €27,854 to €16,552
- Other debts +€9,280
up €9,280 (+14.8%), from €62,612 to €71,892
- Gross operating margin -€31,585
down €31,585 (-25.2%), from €125,551 to €93,966
- Depreciation -€11,264
down €11,264 (-32.0%), from €35,230 to €23,966
- Staff costs +€2,680
up €2,680 (+3.7%), from €72,541 to €75,221
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,227 | €294,854 | -€32,373 | -9.9% |
| Fixed assets | 21/28 | €86,518 | €73,955 | -€12,563 | -14.5% |
| Tangible fixed assets | 22/27 | €86,264 | €73,676 | -€12,588 | -14.6% |
| Land and buildings | 22 | €28,876 | €28,835 | -€41 | -0.1% |
| Plant, machinery and equipment | 23 | €45,231 | €36,580 | -€8,651 | -19.1% |
| Furniture and vehicles | 24 | €12,157 | €8,262 | -€3,895 | -32.0% |
| Financial fixed assets | 28 | €254 | €279 | +€25 | +9.6% |
| Current assets | 29/58 | €240,709 | €220,899 | -€19,810 | -8.2% |
| Stocks and contracts in progress | 3 | €52,861 | €48,011 | -€4,850 | -9.2% |
| Stocks | 30/36 | €32,861 | €33,011 | +€150 | +0.5% |
| Contracts in progress | 37 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €175,844 | €136,953 | -€38,890 | -22.1% |
| Trade receivables | 40 | €175,844 | €136,953 | -€38,890 | -22.1% |
| Cash at bank and in hand | 54/58 | €12,004 | €35,935 | +€23,930 | +199% |
| Total equity and liabilities | 10/49 | €327,227 | €294,854 | -€32,373 | -9.9% |
| Equity | 10/15 | €46,446 | €20,332 | -€26,114 | -56.2% |
| Contributions | 10/11 | €18,593 | €18,593 | = | 0.0% |
| Reserves | 13 | €27,854 | €16,552 | -€11,302 | -40.6% |
| Distributable reserves | 133 | €27,854 | €16,552 | -€11,302 | -40.6% |
| Profit (loss) carried forward | 14 | €0 | -€14,812 | -€14,812 | |
| Amounts payable | 17/49 | €280,780 | €274,522 | -€6,259 | -2.2% |
| Amounts payable after more than one year | 17 | €47,572 | €24,242 | -€23,330 | -49.0% |
| Financial debts | 170/4 | €47,572 | €24,242 | -€23,330 | -49.0% |
| Amounts payable within one year | 42/48 | €233,077 | €250,189 | +€17,113 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €24,480 | €23,288 | -€1,192 | -4.9% |
| Trade debts | 44 | €21,336 | €18,976 | -€2,360 | -11.1% |
| Suppliers | 440/4 | €21,336 | €18,976 | -€2,360 | -11.1% |
| Taxes, remuneration and social security | 45 | €124,648 | €136,033 | +€11,385 | +9.1% |
| Taxes | 450/3 | €4,963 | €9,129 | +€4,166 | +83.9% |
| Remuneration and social security | 454/9 | €119,685 | €126,904 | +€7,219 | +6.0% |
| Other amounts payable | 47/48 | €62,612 | €71,892 | +€9,280 | +14.8% |
| Accrued charges and deferred income | 492/3 | €132 | €91 | -€41 | -31.4% |
| Non-recurring operating income | 76A | - | €2,700 | +€2,700 | |
| Remuneration, social security and pensions | 62 | €72,541 | €75,221 | +€2,680 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,230 | €23,966 | -€11,264 | -32.0% |
| Other operating charges | 640/8 | €7,401 | €7,445 | +€44 | +0.6% |
| Gross operating margin | 9900 | €125,551 | €93,966 | -€31,585 | -25.2% |
| Operating profit (loss) | 9901 | €10,378 | -€12,667 | -€23,046 | |
| Financial income | 75/76B | €106 | €504 | +€398 | +377% |
| Recurring financial income | 75 | €106 | €504 | +€398 | +377% |
| Financial charges | 65/66B | €3,477 | €2,452 | -€1,024 | -29.5% |
| Recurring financial charges | 65 | €3,477 | €2,452 | -€1,024 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €7,008 | -€14,616 | -€21,623 | |
| Income taxes | 67/77 | €774 | €196 | -€578 | -74.7% |
| Profit (loss) for the period | 9904 | €6,233 | -€14,812 | -€21,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,233 | -€14,812 | -€21,045 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.