DIRK LIBOTTE: 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.
DIRK LIBOTTE
Largest movements
- Cash +€148,308
up €148,308 (+570.2%), from €26,011 to €174,319
mainly Net result for the year (+€361,802) and Other debts (+€294,680)
- Tangible fixed assets +€44,962
up €44,962 (+92.5%), from €48,619 to €93,582
of which Furniture and vehicles: +€46,023
- Receivables within one year -€26,224
down €26,224 (-49.4%), from €53,072 to €26,848
of which Other amounts receivable: -€27,413
- Other debts +€294,680
up €294,680 (+11131.2%), from €2,647 to €297,327
- Reserves -€128,198
down €128,198 (-89.8%), from €142,766 to €14,568
- Gross operating margin +€309,599
up €309,599 (+156.7%), from €197,550 to €507,149
- Taxes +€75,410
up €75,410 (+178.4%), from €42,276 to €117,685
- Other operating charges +€12,351
up €12,351 (+916.6%), from €1,347 to €13,698
- Depreciation -€5,415
down €5,415 (-30.2%), from €17,959 to €12,543
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 | €171,454 | €339,214 | +€167,760 | +97.8% |
| Fixed assets | 21/28 | €48,619 | €93,582 | +€44,962 | +92.5% |
| Tangible fixed assets | 22/27 | €48,619 | €93,582 | +€44,962 | +92.5% |
| Land and buildings | 22 | €1,258 | €198 | -€1,060 | -84.3% |
| Furniture and vehicles | 24 | €47,361 | €93,384 | +€46,023 | +97.2% |
| Current assets | 29/58 | €122,835 | €245,632 | +€122,797 | +100.0% |
| Amounts receivable within one year | 40/41 | €53,072 | €26,848 | -€26,224 | -49.4% |
| Trade receivables | 40 | €17,774 | €18,963 | +€1,189 | +6.7% |
| Other amounts receivable | 41 | €35,298 | €7,885 | -€27,413 | -77.7% |
| Current investments | 50/53 | €42,260 | €42,260 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,011 | €174,319 | +€148,308 | +570.2% |
| Deferred charges and accrued income | 490/1 | €1,491 | €2,205 | +€714 | +47.8% |
| Total equity and liabilities | 10/49 | €171,454 | €339,214 | +€167,760 | +97.8% |
| Equity | 10/15 | €161,366 | €33,168 | -€128,198 | -79.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €142,766 | €14,568 | -€128,198 | -89.8% |
| Distributable reserves | 133 | €142,766 | €14,568 | -€128,198 | -89.8% |
| Amounts payable | 17/49 | €10,088 | €306,046 | +€295,958 | +2933.6% |
| Amounts payable within one year | 42/48 | €7,927 | €304,344 | +€296,417 | +3739.3% |
| Trade debts | 44 | €2,014 | €5,003 | +€2,989 | +148.4% |
| Suppliers | 440/4 | €2,014 | €5,003 | +€2,989 | +148.4% |
| Taxes, remuneration and social security | 45 | €3,265 | €2,013 | -€1,252 | -38.3% |
| Taxes | 450/3 | €3,265 | €2,013 | -€1,252 | -38.3% |
| Other amounts payable | 47/48 | €2,647 | €297,327 | +€294,680 | +11131.2% |
| Accrued charges and deferred income | 492/3 | €2,161 | €1,702 | -€459 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,959 | €12,543 | -€5,415 | -30.2% |
| Other operating charges | 640/8 | €1,347 | €13,698 | +€12,351 | +916.6% |
| Gross operating margin | 9900 | €197,550 | €507,149 | +€309,599 | +156.7% |
| Operating profit (loss) | 9901 | €178,244 | €480,908 | +€302,664 | +169.8% |
| Financial income | 75/76B | €0 | €6 | +€6 | +59900.0% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +59900.0% |
| Financial charges | 65/66B | €1,764 | €1,427 | -€337 | -19.1% |
| Recurring financial charges | 65 | €1,764 | €1,427 | -€337 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €176,480 | €479,487 | +€303,007 | +171.7% |
| Income taxes | 67/77 | €42,276 | €117,685 | +€75,410 | +178.4% |
| Profit (loss) for the period | 9904 | €134,205 | €361,802 | +€227,597 | +169.6% |
| Profit (loss) for the period to be appropriated | 9905 | €134,205 | €361,802 | +€227,597 | +169.6% |
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 8 October 2026 via checked.be.