LSLB: 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.
LSLB
Largest movements
- Current investments +€300,000
up €300,000 (+150%), from €200,000 to €500,000
- Tangible fixed assets +€172,956
up €172,956 (+15,192%), from €1,138 to €174,094
of which Land and buildings: +€125,000
- Cash +€30,082
up €30,082 (+18.2%), from €164,943 to €195,025
mainly Net result for the year (+€369,944) and Tax, wage and social debts (+€135,711)
- Reserves +€369,944
up €369,944 (+104%), from €355,841 to €725,785
- Tax, wage and social debts +€135,711
up €135,711 (+309%), from €43,862 to €179,573
- Gross operating margin +€18,856
up €18,856 (+3.6%), from €517,940 to €536,796
- Taxes +€5,571
up €5,571 (+3.5%), from €159,744 to €165,315
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 | €401,676 | €907,470 | +€505,794 | +126% |
| Fixed assets | 21/28 | €1,138 | €174,094 | +€172,956 | +15,192% |
| Tangible fixed assets | 22/27 | €1,138 | €174,094 | +€172,956 | +15,192% |
| Land and buildings | 22 | - | €125,000 | +€125,000 | |
| Plant, machinery and equipment | 23 | €1,138 | €866 | -€273 | -24.0% |
| Furniture and vehicles | 24 | - | €48,228 | +€48,228 | |
| Current assets | 29/58 | €400,538 | €733,376 | +€332,838 | +83.1% |
| Amounts receivable within one year | 40/41 | €35,595 | €38,351 | +€2,757 | +7.7% |
| Trade receivables | 40 | €32,267 | €33,177 | +€910 | +2.8% |
| Other amounts receivable | 41 | €3,328 | €5,174 | +€1,847 | +55.5% |
| Current investments | 50/53 | €200,000 | €500,000 | +€300,000 | +150% |
| Cash at bank and in hand | 54/58 | €164,943 | €195,025 | +€30,082 | +18.2% |
| Total equity and liabilities | 10/49 | €401,676 | €907,470 | +€505,794 | +126% |
| Equity | 10/15 | €356,841 | €726,785 | +€369,944 | +104% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €355,841 | €725,785 | +€369,944 | +104% |
| Distributable reserves | 133 | €355,841 | €725,785 | +€369,944 | +104% |
| Amounts payable | 17/49 | €44,835 | €180,685 | +€135,850 | +303% |
| Amounts payable within one year | 42/48 | €44,835 | €180,685 | +€135,850 | +303% |
| Trade debts | 44 | €973 | €1,113 | +€139 | +14.3% |
| Suppliers | 440/4 | €973 | €1,113 | +€139 | +14.3% |
| Taxes, remuneration and social security | 45 | €43,862 | €179,573 | +€135,711 | +309% |
| Taxes | 450/3 | €43,862 | €179,573 | +€135,711 | +309% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €225 | €5,424 | +€5,199 | +2,311% |
| Other operating charges | 640/8 | - | €198 | +€198 | |
| Gross operating margin | 9900 | €517,940 | €536,796 | +€18,856 | +3.6% |
| Operating profit (loss) | 9901 | €517,715 | €531,174 | +€13,459 | +2.6% |
| Financial income | 75/76B | €105 | €5,306 | +€5,201 | +4,966% |
| Recurring financial income | 75 | €105 | €5,306 | +€5,201 | +4,966% |
| Financial charges | 65/66B | €2,235 | €1,221 | -€1,014 | -45.4% |
| Recurring financial charges | 65 | €2,235 | €1,221 | -€1,014 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €515,585 | €535,259 | +€19,674 | +3.8% |
| Income taxes | 67/77 | €159,744 | €165,315 | +€5,571 | +3.5% |
| Profit (loss) for the period | 9904 | €355,841 | €369,944 | +€14,103 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €355,841 | €369,944 | +€14,103 | +4.0% |
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 18 October 2026 via checked.be.