LSB CONSTRUCT: 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.
LSB CONSTRUCT
Largest movements
- Receivables within one year +€42,425
up €42,425 (+193%), from €21,931 to €64,356
- Cash -€10,874
down €10,874 (-41.8%), from €26,013 to €15,139
mainly Receivables within one year (-€42,425) and Investment in fixed assets (net) (-€4,160)
- Tangible fixed assets -€4,098
down €4,098 (-22.4%), from €18,303 to €14,205
- Equity +€28,316
up €28,316 (+92.9%), from €30,491 to €58,807
of which Profit (loss) carried forward: +€28,316
- Debts within one year -€1,346
down €1,346 (-3.7%), from €36,240 to €34,893
- Gross operating margin +€103,110
up €103,110 (+432%), from €23,874 to €126,984
- Taxes +€3,867
up €3,867 (+56.9%), from €6,794 to €10,661
- Depreciation +€1,439
up €1,439 (+19.7%), from €7,302 to €8,742
From the 2019 result to the 2020 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 2019 and 2020 balance sheets and the 2020 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,730 | €93,700 | +€26,970 | +40.4% |
| Formation expenses | 20 | €121 | - | -€121 | |
| Fixed assets | 21/28 | €18,666 | €14,205 | -€4,461 | -23.9% |
| Tangible fixed assets | 22/27 | €18,303 | €14,205 | -€4,098 | -22.4% |
| Financial fixed assets | 28 | €363 | - | -€363 | |
| Current assets | 29/58 | €47,944 | €79,495 | +€31,551 | +65.8% |
| Amounts receivable within one year | 40/41 | €21,931 | €64,356 | +€42,425 | +193% |
| Cash at bank and in hand | 54/58 | €26,013 | €15,139 | -€10,874 | -41.8% |
| Total equity and liabilities | 10/49 | €66,730 | €93,700 | +€26,970 | +40.4% |
| Equity | 10/15 | €30,491 | €58,807 | +€28,316 | +92.9% |
| Contributions | 10/11 | €23,200 | - | -€23,200 | |
| Reserves | 13 | €1,273 | €1,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,018 | €34,334 | +€28,316 | +471% |
| Amounts payable | 17/49 | €36,240 | €34,893 | -€1,346 | -3.7% |
| Amounts payable within one year | 42/48 | €36,240 | €34,893 | -€1,346 | -3.7% |
| Trade debts | 44 | - | €12,555 | +€12,555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,302 | €8,742 | +€1,439 | +19.7% |
| Gross operating margin | 9900 | €23,874 | €126,984 | +€103,110 | +432% |
| Operating profit (loss) | 9901 | -€7,455 | €39,112 | +€46,567 | |
| Recurring financial charges | 65 | €377 | €135 | -€242 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,832 | €38,977 | +€46,809 | |
| Income taxes | 67/77 | €6,794 | €10,661 | +€3,867 | +56.9% |
| Profit (loss) for the period | 9904 | -€14,626 | €28,316 | +€42,942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,626 | €28,316 | +€42,942 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.