B. LIEBHABERG: what changed
What changed
B. LIEBHABERG
NACE 73.200, Market research and public opinion polling
filed annual accounts (NBB)
Net result for the year
€578,848
2024 · €446,993+€131,854
Equity
€5.0m
2024 · €4.4m+€578,848
Cash
€831,786
2024 · €500,947+€330,839
Balance sheet total
€7.8m
2024 · €7.4m+€339,159
Largest movements
Assets
- Cash +€330,839
up €330,839 (+66.0%), from €500,947 to €831,786
mainly Net result for the year (+€578,848) and Depreciation (+€108,299)
- Tangible fixed assets -€108,299
down €108,299 (-4.8%), from €2.3m to €2.2m
of which Land and buildings: -€107,572
Equity and liabilities
- Reserves +€578,848
up €578,848 (+23.1%), from €2.5m to €3.1m
of which Distributable reserves: +€619,730
- Debts after one year -€175,403
down €175,403 (-9.4%), from €1.9m to €1.7m
Income statement
- Financial income +€121,314
up €121,314 (+166%), from €73,234 to €194,547
- Gross operating margin +€103,151
up €103,151 (+12.3%), from €838,510 to €941,661
- Taxes +€53,062
up €53,062 (+24.2%), from €219,050 to €272,112
- Financial charges +€40,388
up €40,388 (+24.1%), from €167,479 to €207,866
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.
Result 2024
€446,993
Gross operating margin
+€103,151
Depreciation
+€600
Provisions
-€53
Other operating charges
+€375
Financial income
+€121,314
Financial charges
-€40,388
Taxes
-€53,062
Deferred taxes and other
-€84
Result 2025
€578,848
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€553,342
Investment
-€49,287
Financing
-€173,216
Cash 2024
€500,947
From operations (derived)
+€553,342
Net result for the year
+€578,848
Depreciation
+€108,299
Receivables within one year
-€66,986
Smaller working-capital items
-€1,291
Provisions
-€31,343
Tax, wage and social debts
+€17,165
Other debts
-€17,487
Accrued charges and deferred income
-€33,862
Investment (derived)
-€49,287
Investment in fixed assets (net)
+€462
Current investments
-€49,748
Financing
-€173,216
Debts after one year
-€175,403
Current portion of long-term debt
+€2,187
Cash 2025
€831,786
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,434,984 | €7,774,142 | +€339,159 | +4.6% |
| Fixed assets | 21/28 | €3,776,618 | €3,667,857 | -€108,760 | -2.9% |
| Tangible fixed assets | 22/27 | €2,261,707 | €2,153,408 | -€108,299 | -4.8% |
| Land and buildings | 22 | €2,260,007 | €2,152,436 | -€107,572 | -4.8% |
| Furniture and vehicles | 24 | €1,700 | €973 | -€727 | -42.8% |
| Financial fixed assets | 28 | €1,514,911 | €1,514,449 | -€462 | 0.0% |
| Current assets | 29/58 | €3,658,366 | €4,106,285 | +€447,919 | +12.2% |
| Amounts receivable within one year | 40/41 | - | €66,986 | +€66,986 | |
| Other amounts receivable | 41 | - | €66,986 | +€66,986 | |
| Current investments | 50/53 | €2,981,597 | €3,031,345 | +€49,748 | +1.7% |
| Cash at bank and in hand | 54/58 | €500,947 | €831,786 | +€330,839 | +66.0% |
| Deferred charges and accrued income | 490/1 | €175,822 | €176,167 | +€345 | +0.2% |
| Total equity and liabilities | 10/49 | €7,434,984 | €7,774,142 | +€339,159 | +4.6% |
| Equity | 10/15 | €4,402,327 | €4,981,174 | +€578,848 | +13.1% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €2,510,864 | €3,089,712 | +€578,848 | +23.1% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Tax-exempt reserves | 132 | €792,859 | €751,976 | -€40,883 | -5.2% |
| Distributable reserves | 133 | €1,709,329 | €2,329,059 | +€619,730 | +36.3% |
| Profit (loss) carried forward | 14 | €1,828,962 | €1,828,962 | = | 0.0% |
| Provisions and deferred taxes | 16 | €754,920 | €723,576 | -€31,343 | -4.2% |
| Provisions for liabilities and charges | 160/5 | €490,633 | €472,918 | -€17,716 | -3.6% |
| Other liabilities and charges | 164/5 | €490,633 | €472,918 | -€17,716 | -3.6% |
| Deferred taxes | 168 | €264,286 | €250,659 | -€13,628 | -5.2% |
| Amounts payable | 17/49 | €2,277,738 | €2,069,392 | -€208,346 | -9.1% |
| Amounts payable after more than one year | 17 | €1,861,296 | €1,685,894 | -€175,403 | -9.4% |
| Financial debts | 170/4 | €1,861,296 | €1,685,894 | -€175,403 | -9.4% |
| Amounts payable within one year | 42/48 | €328,570 | €329,489 | +€919 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €181,248 | €183,435 | +€2,187 | +1.2% |
| Trade debts | 44 | €1,807 | €862 | -€946 | -52.3% |
| Suppliers | 440/4 | €1,807 | €862 | -€946 | -52.3% |
| Taxes, remuneration and social security | 45 | €116,813 | €133,978 | +€17,165 | +14.7% |
| Taxes | 450/3 | €116,813 | €133,978 | +€17,165 | +14.7% |
| Other amounts payable | 47/48 | €28,702 | €11,214 | -€17,487 | -60.9% |
| Accrued charges and deferred income | 492/3 | €87,872 | €54,010 | -€33,862 | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,899 | €108,299 | -€600 | -0.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,769 | -€17,716 | +€53 | +0.3% |
| Other operating charges | 640/8 | €802 | €427 | -€375 | -46.8% |
| Gross operating margin | 9900 | €838,510 | €941,661 | +€103,151 | +12.3% |
| Operating profit (loss) | 9901 | €746,578 | €850,651 | +€104,073 | +13.9% |
| Financial income | 75/76B | €73,234 | €194,547 | +€121,314 | +166% |
| Recurring financial income | 75 | €73,234 | €194,547 | +€121,314 | +166% |
| Financial charges | 65/66B | €167,479 | €207,866 | +€40,388 | +24.1% |
| Recurring financial charges | 65 | €167,479 | €207,866 | +€40,388 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €652,332 | €837,332 | +€185,000 | +28.4% |
| Transfer from deferred taxes | 780 | €13,711 | €13,628 | -€84 | -0.6% |
| Income taxes | 67/77 | €219,050 | €272,112 | +€53,062 | +24.2% |
| Profit (loss) for the period | 9904 | €446,993 | €578,848 | +€131,854 | +29.5% |
| Transfer from tax-exempt reserves | 789 | €41,134 | €40,883 | -€252 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €488,128 | €619,730 | +€131,603 | +27.0% |
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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 4 November 2026 via checked.be.