LSB 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.
LSB MANAGEMENT
Largest movements
- Cash +€15,046
up €15,046 (+47.1%), from €31,962 to €47,008
mainly Net result for the year (+€16,590) and Tax, wage and social debts (+€7,902)
- Tangible fixed assets -€5,820
down €5,820 (-45.4%), from €12,819 to €6,999
- Reserves +€16,500
up €16,500 (+67.9%), from €24,300 to €40,800
- Debts after one year -€14,568
down €14,568 (-92.6%), from €15,739 to €1,171
of which Other amounts payable: -€10,000
- Tax, wage and social debts +€7,902
up €7,902 (+104.7%), from €7,547 to €15,449
- Accrued charges and deferred income -€850
down €850 (-29.3%), from €2,900 to €2,050
- Gross operating margin +€18,011
up €18,011 (+120.9%), from €14,903 to €32,915
- Taxes +€4,762
up €4,762 (+149.4%), from €3,187 to €7,949
- Other operating charges +€516
up €516 (+56.4%), from €915 to €1,432
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 | €70,286 | €79,512 | +€9,226 | +13.1% |
| Fixed assets | 21/28 | €37,819 | €31,999 | -€5,820 | -15.4% |
| Tangible fixed assets | 22/27 | €12,819 | €6,999 | -€5,820 | -45.4% |
| Furniture and vehicles | 24 | €12,819 | €6,999 | -€5,820 | -45.4% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €32,467 | €47,513 | +€15,045 | +46.3% |
| Cash at bank and in hand | 54/58 | €31,962 | €47,008 | +€15,046 | +47.1% |
| Deferred charges and accrued income | 490/1 | €505 | €505 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €70,286 | €79,512 | +€9,226 | +13.1% |
| Equity | 10/15 | €29,382 | €45,971 | +€16,590 | +56.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,300 | €40,800 | +€16,500 | +67.9% |
| Distributable reserves | 133 | €24,300 | €40,800 | +€16,500 | +67.9% |
| Profit (loss) carried forward | 14 | €82 | €171 | +€90 | +109.5% |
| Amounts payable | 17/49 | €40,905 | €33,541 | -€7,364 | -18.0% |
| Amounts payable after more than one year | 17 | €15,739 | €1,171 | -€14,568 | -92.6% |
| Financial debts | 170/4 | €5,739 | €1,171 | -€4,568 | -79.6% |
| Other amounts payable | 178/9 | €10,000 | - | -€10,000 | |
| Amounts payable within one year | 42/48 | €22,266 | €30,320 | +€8,055 | +36.2% |
| Current portion of amounts payable after more than one year | 42 | €4,389 | €4,568 | +€179 | +4.1% |
| Trade debts | 44 | €267 | €303 | +€36 | +13.5% |
| Suppliers | 440/4 | €267 | €303 | +€36 | +13.5% |
| Taxes, remuneration and social security | 45 | €7,547 | €15,449 | +€7,902 | +104.7% |
| Taxes | 450/3 | €7,547 | €15,449 | +€7,902 | +104.7% |
| Other amounts payable | 47/48 | €10,062 | €10,000 | -€62 | -0.6% |
| Accrued charges and deferred income | 492/3 | €2,900 | €2,050 | -€850 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,820 | €5,820 | = | 0.0% |
| Other operating charges | 640/8 | €915 | €1,432 | +€516 | +56.4% |
| Gross operating margin | 9900 | €14,903 | €32,915 | +€18,011 | +120.9% |
| Operating profit (loss) | 9901 | €8,169 | €25,664 | +€17,495 | +214.2% |
| Financial income | 75/76B | €0 | €10 | +€10 | +24925.0% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +24925.0% |
| Financial charges | 65/66B | €968 | €1,135 | +€166 | +17.2% |
| Recurring financial charges | 65 | €968 | €1,135 | +€166 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €7,200 | €24,539 | +€17,338 | +240.8% |
| Income taxes | 67/77 | €3,187 | €7,949 | +€4,762 | +149.4% |
| Profit (loss) for the period | 9904 | €4,014 | €16,590 | +€12,576 | +313.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,014 | €16,590 | +€12,576 | +313.3% |
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 5 October 2026 via checked.be.