LEBUR: what changed
LEBUR
Largest movements
- Cash -€9,537
down €9,537 (-4.5%), from €213,381 to €203,844
mainly Net result for the year (-€14,496) and Accrued charges and deferred income (-€3,608)
- Tangible fixed assets -€7,667
down €7,667 (-5.4%), from €142,471 to €134,804
of which Land and buildings: -€7,321
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Reserves +€16,077
up €16,077 (+14.9%), from €107,681 to €123,758
of which Non-distributable reserves: +€18,600
- Profit (loss) carried forward -€13,573
down €13,573 (-7.0%), from €194,827 to €181,254
- Accrued charges and deferred income -€3,608
no longer reported in 2025 (was €3,608)
- Financial income -€3,492
down €3,492 (-58.7%), from €5,951 to €2,460
- Gross operating margin -€1,687
down €1,687 (-74.1%), from -€2,276 to -€3,964
- Other operating charges +€561
up €561 (+9.6%), from €5,843 to €6,404
- Depreciation -€155
down €155 (-2.0%), from €7,822 to €7,667
- Financial charges +€61
up €61 (+37.9%), from €160 to €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 | €360,220 | €341,227 | -€18,993 | -5.3% |
| Fixed assets | 21/28 | €144,267 | €136,600 | -€7,667 | -5.3% |
| Tangible fixed assets | 22/27 | €142,471 | €134,804 | -€7,667 | -5.4% |
| Land and buildings | 22 | €141,815 | €134,494 | -€7,321 | -5.2% |
| Furniture and vehicles | 24 | €656 | €310 | -€346 | -52.7% |
| Financial fixed assets | 28 | €1,796 | €1,796 | = | 0.0% |
| Current assets | 29/58 | €215,953 | €204,627 | -€11,326 | -5.2% |
| Amounts receivable within one year | 40/41 | €2,572 | €783 | -€1,789 | -69.6% |
| Trade receivables | 40 | €45 | €45 | = | 0.0% |
| Other amounts receivable | 41 | €2,527 | €738 | -€1,789 | -70.8% |
| Cash at bank and in hand | 54/58 | €213,381 | €203,844 | -€9,537 | -4.5% |
| Total equity and liabilities | 10/49 | €360,220 | €341,227 | -€18,993 | -5.3% |
| Equity | 10/15 | €321,108 | €305,012 | -€16,096 | -5.0% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €107,681 | €123,758 | +€16,077 | +14.9% |
| Non-distributable reserves | 130/1 | €6,200 | €24,800 | +€18,600 | +300% |
| Reserves not available under the articles | 1311 | €6,200 | €24,800 | +€18,600 | +300% |
| Tax-exempt reserves | 132 | €64,278 | €61,755 | -€2,523 | -3.9% |
| Distributable reserves | 133 | €37,203 | €37,203 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,827 | €181,254 | -€13,573 | -7.0% |
| Provisions and deferred taxes | 16 | €33,098 | €31,799 | -€1,299 | -3.9% |
| Deferred taxes | 168 | €33,098 | €31,799 | -€1,299 | -3.9% |
| Amounts payable | 17/49 | €6,014 | €4,416 | -€1,598 | -26.6% |
| Amounts payable within one year | 42/48 | €2,405 | €4,416 | +€2,011 | +83.6% |
| Trade debts | 44 | - | €1,804 | +€1,804 | |
| Suppliers | 440/4 | - | €1,804 | +€1,804 | |
| Other amounts payable | 47/48 | €2,405 | €2,612 | +€207 | +8.6% |
| Accrued charges and deferred income | 492/3 | €3,608 | - | -€3,608 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,822 | €7,667 | -€155 | -2.0% |
| Other operating charges | 640/8 | €5,843 | €6,404 | +€561 | +9.6% |
| Gross operating margin | 9900 | -€2,276 | -€3,964 | -€1,687 | -74.1% |
| Operating profit (loss) | 9901 | -€15,941 | -€18,034 | -€2,093 | -13.1% |
| Financial income | 75/76B | €5,951 | €2,460 | -€3,492 | -58.7% |
| Recurring financial income | 75 | €5,951 | €2,460 | -€3,492 | -58.7% |
| Financial charges | 65/66B | €160 | €221 | +€61 | +37.9% |
| Recurring financial charges | 65 | €160 | €221 | +€61 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,150 | -€15,795 | -€5,645 | -55.6% |
| Transfer from deferred taxes | 780 | €1,299 | €1,299 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€8,851 | -€14,496 | -€5,645 | -63.8% |
| Transfer from tax-exempt reserves | 789 | €2,523 | €2,523 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,328 | -€11,973 | -€5,645 | -89.2% |
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 3 November 2026 via checked.be.