LB SERV: what changed
LB SERV
Largest movements
- Cash -€474,786
down €474,786 (-94.7%), from €501,222 to €26,436
- Tangible fixed assets +€128,845
up €128,845 (+233%), from €55,278 to €184,124
of which Land and buildings: +€86,981
- Receivables within one year +€79,808
up €79,808 (+25.5%), from €312,634 to €392,442
of which Other amounts receivable: +€94,493
- Profit (loss) carried forward -€193,606
down €193,606 (-91.7%), from €211,231 to €17,625
- Tax, wage and social debts -€43,639
down €43,639 (-95.9%), from €45,489 to €1,851
of which Taxes: -€41,968
- Debts after one year -€29,571
down €29,571 (-7.8%), from €379,913 to €350,342
- Gross operating margin -€182,567
down €182,567, from €103,045 to -€79,522
- Taxes -€51,968
no longer reported in 2025 (was €51,968)
- Depreciation +€24,628
up €24,628 (+323%), from €7,629 to €32,257
- Financial charges +€17,036
up €17,036 (+119%), from €14,337 to €31,373
- Staff costs +€11,450
up €11,450 (+48.6%), from €23,551 to €35,001
Change in the result, 2023 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
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €869,959 | €604,803 | -€265,155 | -30.5% |
| Fixed assets | 21/28 | €55,278 | €184,124 | +€128,845 | +233% |
| Tangible fixed assets | 22/27 | €55,278 | €184,124 | +€128,845 | +233% |
| Land and buildings | 22 | €3,189 | €90,170 | +€86,981 | +2,727% |
| Furniture and vehicles | 24 | €52,089 | €93,953 | +€41,864 | +80.4% |
| Current assets | 29/58 | €814,680 | €420,680 | -€394,001 | -48.4% |
| Amounts receivable within one year | 40/41 | €312,634 | €392,442 | +€79,808 | +25.5% |
| Trade receivables | 40 | €19,500 | €4,815 | -€14,685 | -75.3% |
| Other amounts receivable | 41 | €293,134 | €387,627 | +€94,493 | +32.2% |
| Cash at bank and in hand | 54/58 | €501,222 | €26,436 | -€474,786 | -94.7% |
| Deferred charges and accrued income | 490/1 | €824 | €1,801 | +€978 | +119% |
| Total equity and liabilities | 10/49 | €869,959 | €604,803 | -€265,155 | -30.5% |
| Equity | 10/15 | €417,691 | €224,085 | -€193,606 | -46.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €187,860 | €187,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €186,000 | €186,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,231 | €17,625 | -€193,606 | -91.7% |
| Amounts payable | 17/49 | €452,268 | €380,718 | -€71,549 | -15.8% |
| Amounts payable after more than one year | 17 | €379,913 | €350,342 | -€29,571 | -7.8% |
| Financial debts | 170/4 | €379,913 | €350,342 | -€29,571 | -7.8% |
| Amounts payable within one year | 42/48 | €72,354 | €30,376 | -€41,978 | -58.0% |
| Current portion of amounts payable after more than one year | 42 | €23,480 | €21,567 | -€1,914 | -8.1% |
| Trade debts | 44 | €3,385 | €6,959 | +€3,574 | +106% |
| Suppliers | 440/4 | €3,385 | €6,959 | +€3,574 | +106% |
| Taxes, remuneration and social security | 45 | €45,489 | €1,851 | -€43,639 | -95.9% |
| Taxes | 450/3 | €41,968 | - | -€41,968 | |
| Remuneration and social security | 454/9 | €3,521 | €1,851 | -€1,670 | -47.4% |
| Non-recurring operating income | 76A | €328,391 | - | -€328,391 | |
| Remuneration, social security and pensions | 62 | €23,551 | €35,001 | +€11,450 | +48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,629 | €32,257 | +€24,628 | +323% |
| Other operating charges | 640/8 | €6,409 | €15,939 | +€9,530 | +149% |
| Gross operating margin | 9900 | €103,045 | -€79,522 | -€182,567 | |
| Operating profit (loss) | 9901 | €65,456 | -€162,720 | -€228,176 | |
| Financial income | 75/76B | €4,065 | €487 | -€3,578 | -88.0% |
| Recurring financial income | 75 | €4,065 | €487 | -€3,578 | -88.0% |
| Financial charges | 65/66B | €14,337 | €31,373 | +€17,036 | +119% |
| Recurring financial charges | 65 | €14,337 | €31,373 | +€17,036 | +119% |
| Profit (loss) for the period before taxes | 9903 | €55,184 | -€193,606 | -€248,790 | |
| Transfer from deferred taxes | 780 | €108,112 | - | -€108,112 | |
| Income taxes | 67/77 | €51,968 | - | -€51,968 | |
| Profit (loss) for the period | 9904 | €111,328 | -€193,606 | -€304,934 | |
| Profit (loss) for the period to be appropriated | 9905 | €111,328 | -€193,606 | -€304,934 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.