LNB-Management: 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.
LNB-Management
Largest movements
- Cash -€48,403
down €48,403 (-95.7%), from €50,598 to €2,196
mainly Other debts (-€49,248) and Receivables within one year (-€32,244)
- Tangible fixed assets -€39,299
down €39,299 (-47.1%), from €83,408 to €44,109
- Receivables within one year +€32,244
up €32,244 (+1169.7%), from €2,756 to €35,000
of which Trade receivables: +€35,000
- Deferred charges and accrued income +€24,725
up €24,725 (+1773.9%), from €1,394 to €26,119
- Other debts -€49,248
down €49,248 (-76.1%), from €64,710 to €15,461
- Reserves +€39,169
up €39,169 (+42.9%), from €91,359 to €130,528
- Tax, wage and social debts -€20,725
down €20,725 (-80.9%), from €25,621 to €4,896
of which Taxes: -€15,225
- Gross operating margin -€8,225
down €8,225 (-9.8%), from €84,061 to €75,836
- Financial charges -€5,898
no longer reported in 2025 (was €5,898)
- Depreciation -€5,466
down €5,466 (-28.0%), from €19,500 to €14,034
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 | €204,557 | €173,823 | -€30,734 | -15.0% |
| Fixed assets | 21/28 | €149,808 | €110,509 | -€39,299 | -26.2% |
| Tangible fixed assets | 22/27 | €83,408 | €44,109 | -€39,299 | -47.1% |
| Furniture and vehicles | 24 | €83,408 | €44,109 | -€39,299 | -47.1% |
| Financial fixed assets | 28 | €66,400 | €66,400 | = | 0.0% |
| Current assets | 29/58 | €54,749 | €63,314 | +€8,566 | +15.6% |
| Amounts receivable within one year | 40/41 | €2,756 | €35,000 | +€32,244 | +1169.7% |
| Trade receivables | 40 | - | €35,000 | +€35,000 | |
| Other amounts receivable | 41 | €2,756 | - | -€2,756 | |
| Cash at bank and in hand | 54/58 | €50,598 | €2,196 | -€48,403 | -95.7% |
| Deferred charges and accrued income | 490/1 | €1,394 | €26,119 | +€24,725 | +1773.9% |
| Total equity and liabilities | 10/49 | €204,557 | €173,823 | -€30,734 | -15.0% |
| Equity | 10/15 | €111,359 | €150,528 | +€39,169 | +35.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €91,359 | €130,528 | +€39,169 | +42.9% |
| Distributable reserves | 133 | €91,359 | €130,528 | +€39,169 | +42.9% |
| Amounts payable | 17/49 | €93,198 | €23,295 | -€69,903 | -75.0% |
| Amounts payable within one year | 42/48 | €93,198 | €23,295 | -€69,903 | -75.0% |
| Trade debts | 44 | €2,867 | €2,938 | +€71 | +2.5% |
| Suppliers | 440/4 | €2,867 | €2,938 | +€71 | +2.5% |
| Taxes, remuneration and social security | 45 | €25,621 | €4,896 | -€20,725 | -80.9% |
| Taxes | 450/3 | €20,121 | €4,896 | -€15,225 | -75.7% |
| Remuneration and social security | 454/9 | €5,500 | - | -€5,500 | |
| Other amounts payable | 47/48 | €64,710 | €15,461 | -€49,248 | -76.1% |
| Non-recurring operating income | 76A | €65,880 | €234 | -€65,646 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,500 | €14,034 | -€5,466 | -28.0% |
| Other operating charges | 640/8 | €738 | €1,038 | +€300 | +40.7% |
| Gross operating margin | 9900 | €84,061 | €75,836 | -€8,225 | -9.8% |
| Operating profit (loss) | 9901 | €63,824 | €60,764 | -€3,059 | -4.8% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €5,898 | - | -€5,898 | |
| Recurring financial charges | 65 | €5,898 | - | -€5,898 | |
| Profit (loss) for the period before taxes | 9903 | €57,926 | €60,764 | +€2,839 | +4.9% |
| Income taxes | 67/77 | €21,943 | €21,596 | -€347 | -1.6% |
| Profit (loss) for the period | 9904 | €35,983 | €39,169 | +€3,186 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,983 | €39,169 | +€3,186 | +8.9% |
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 3 October 2026 via checked.be.