Dokter Frédéric Libeer: 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.
Dokter Frédéric Libeer
Largest movements
- Cash +€125,965
up €125,965 (+22.6%), from €558,508 to €684,473
mainly Net result for the year (+€151,605) and Depreciation (+€27,075)
- Tangible fixed assets -€23,153
down €23,153 (-16.2%), from €143,008 to €119,855
of which Land and buildings: -€18,518
- Receivables within one year +€12,898
up €12,898 (+132%), from €9,807 to €22,705
- Reserves +€151,605
up €151,605 (+22.6%), from €670,174 to €821,778
- Debts after one year -€25,175
down €25,175 (-18.2%), from €138,309 to €113,135
- Gross operating margin -€6,933
down €6,933 (-2.7%), from €257,748 to €250,815
- Depreciation +€6,898
up €6,898 (+34.2%), from €20,177 to €27,075
- Taxes -€4,085
down €4,085 (-5.9%), from €68,939 to €64,854
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 | €860,200 | €983,113 | +€122,914 | +14.3% |
| Fixed assets | 21/28 | €143,008 | €119,855 | -€23,153 | -16.2% |
| Tangible fixed assets | 22/27 | €143,008 | €119,855 | -€23,153 | -16.2% |
| Land and buildings | 22 | €104,502 | €85,984 | -€18,518 | -17.7% |
| Plant, machinery and equipment | 23 | - | €1,898 | +€1,898 | |
| Furniture and vehicles | 24 | €38,506 | €31,973 | -€6,533 | -17.0% |
| Current assets | 29/58 | €717,192 | €863,258 | +€146,067 | +20.4% |
| Amounts receivable within one year | 40/41 | €9,807 | €22,705 | +€12,898 | +132% |
| Other amounts receivable | 41 | €9,807 | €22,705 | +€12,898 | +132% |
| Cash at bank and in hand | 54/58 | €558,508 | €684,473 | +€125,965 | +22.6% |
| Deferred charges and accrued income | 490/1 | €148,876 | €156,080 | +€7,204 | +4.8% |
| Total equity and liabilities | 10/49 | €860,200 | €983,113 | +€122,914 | +14.3% |
| Equity | 10/15 | €682,574 | €834,178 | +€151,605 | +22.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €670,174 | €821,778 | +€151,605 | +22.6% |
| Distributable reserves | 133 | €670,174 | €821,778 | +€151,605 | +22.6% |
| Amounts payable | 17/49 | €177,626 | €148,935 | -€28,691 | -16.2% |
| Amounts payable after more than one year | 17 | €138,309 | €113,135 | -€25,175 | -18.2% |
| Financial debts | 170/4 | €138,309 | €113,135 | -€25,175 | -18.2% |
| Amounts payable within one year | 42/48 | €39,317 | €35,800 | -€3,516 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €24,042 | €25,175 | +€1,133 | +4.7% |
| Trade debts | 44 | €6,834 | €5,625 | -€1,209 | -17.7% |
| Suppliers | 440/4 | €6,834 | €5,625 | -€1,209 | -17.7% |
| Taxes, remuneration and social security | 45 | €8,440 | €5,000 | -€3,440 | -40.8% |
| Taxes | 450/3 | €3,440 | - | -€3,440 | |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,177 | €27,075 | +€6,898 | +34.2% |
| Other operating charges | 640/8 | €2,793 | €2,479 | -€314 | -11.3% |
| Gross operating margin | 9900 | €257,748 | €250,815 | -€6,933 | -2.7% |
| Operating profit (loss) | 9901 | €234,778 | €221,261 | -€13,517 | -5.8% |
| Financial income | 75/76B | €1,532 | €2,461 | +€929 | +60.7% |
| Recurring financial income | 75 | €1,532 | €2,461 | +€929 | +60.7% |
| Financial charges | 65/66B | €8,281 | €7,264 | -€1,017 | -12.3% |
| Recurring financial charges | 65 | €8,281 | €7,264 | -€1,017 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €228,028 | €216,458 | -€11,570 | -5.1% |
| Income taxes | 67/77 | €68,939 | €64,854 | -€4,085 | -5.9% |
| Profit (loss) for the period | 9904 | €159,090 | €151,605 | -€7,485 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €159,090 | €151,605 | -€7,485 | -4.7% |
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 13 October 2026 via checked.be.