EX LIBRIS: 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.
What changed
EX LIBRIS
NACE 47.621, Retail sale of newspapers and periodicals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · -€2,495+€1.1m
Equity
€75.5m
2024 · €74.4m+€1.0m
Cash
€952,279
2024 · €154,495+€797,784
Balance sheet total
€75.7m
2024 · €74.8m+€866,230
Largest movements
Assets
- Cash +€797,784
up €797,784 (+516.4%), from €154,495 to €952,279
mainly Net result for the year (+€1.1m) and Tax, wage and social debts (+€110,390)
Equity and liabilities
- Reserves +€1.0m
up €1.0m (+419.2%), from €248,786 to €1.3m
of which Distributable reserves: +€984,006
Income statement
- Financial income +€1.2m
new in 2025: €1.2m
- Taxes +€116,091
up €116,091 (+24300.6%), from €478 to €116,569
- Gross operating margin +€17,360
up €17,360 (+20.4%), from €85,024 to €102,383
- Depreciation -€10,169
down €10,169 (-14.7%), from €69,037 to €58,869
- Financial charges +€1,527
up €1,527 (+132.0%), from €1,156 to €2,683
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.
Result 2024
-€2,495
Gross operating margin
+€17,360
Staff costs
-€706
Depreciation
+€10,169
Other operating charges
-€239
Other operating items
+€8,209
Financial income
+€1.2m
Financial charges
-€1,527
Taxes
-€116,091
Result 2025
€1.1m
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.
From operations
+€979,546
Investment
-€134,069
Financing
-€47,694
Cash 2024
€154,495
From operations (derived)
+€979,546
Net result for the year
+€1.1m
Depreciation
+€58,869
Receivables within one year
+€21,762
Deferred charges and accrued income
-€15,008
Trade debts
-€8,984
Tax, wage and social debts
+€110,390
Other debts
-€264,707
Accrued charges and deferred income
+€417
Investment (derived)
-€134,069
Investment in fixed assets (net)
-€134,069
Financing
-€47,694
Current portion of long-term debt
-€13,821
Contributions, distributions and other
-€33,873
Cash 2025
€952,279
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,842,777 | €75,709,007 | +€866,230 | +1.2% |
| Fixed assets | 21/28 | €74,659,638 | €74,734,839 | +€75,200 | +0.1% |
| Tangible fixed assets | 22/27 | €774,237 | €721,542 | -€52,695 | -6.8% |
| Land and buildings | 22 | €757,385 | €721,265 | -€36,120 | -4.8% |
| Furniture and vehicles | 24 | €16,853 | €278 | -€16,575 | -98.4% |
| Financial fixed assets | 28 | €73,885,401 | €74,013,297 | +€127,896 | +0.2% |
| Current assets | 29/58 | €183,139 | €974,169 | +€791,030 | +431.9% |
| Amounts receivable within one year | 40/41 | €26,301 | €4,539 | -€21,762 | -82.7% |
| Trade receivables | 40 | €15,125 | - | -€15,125 | |
| Other amounts receivable | 41 | €11,176 | €4,539 | -€6,637 | -59.4% |
| Cash at bank and in hand | 54/58 | €154,495 | €952,279 | +€797,784 | +516.4% |
| Deferred charges and accrued income | 490/1 | €2,342 | €17,351 | +€15,008 | +640.7% |
| Total equity and liabilities | 10/49 | €74,842,777 | €75,709,007 | +€866,230 | +1.2% |
| Equity | 10/15 | €74,407,740 | €75,450,675 | +€1.0m | +1.4% |
| Contributions | 10/11 | €74,147,401 | €74,147,401 | = | 0.0% |
| Capital | 10 | €74,147,401 | €74,147,401 | = | 0.0% |
| Issued capital | 100 | €74,147,401 | €74,147,401 | = | 0.0% |
| Reserves | 13 | €248,786 | €1,291,722 | +€1.0m | +419.2% |
| Non-distributable reserves | 130/1 | €26,200 | €85,130 | +€58,930 | +224.9% |
| Legal reserve | 130 | €26,200 | €85,130 | +€58,930 | +224.9% |
| Distributable reserves | 133 | €222,586 | €1,206,592 | +€984,006 | +442.1% |
| Profit (loss) carried forward | 14 | €11,552 | €11,552 | = | 0.0% |
| Amounts payable | 17/49 | €435,037 | €258,332 | -€176,705 | -40.6% |
| Amounts payable after more than one year | 17 | €300 | €300 | = | 0.0% |
| Other amounts payable | 178/9 | €300 | €300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €433,506 | €256,384 | -€177,122 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €13,821 | - | -€13,821 | |
| Trade debts | 44 | €17,095 | €8,111 | -€8,984 | -52.6% |
| Suppliers | 440/4 | €17,095 | €8,111 | -€8,984 | -52.6% |
| Taxes, remuneration and social security | 45 | €3,848 | €114,238 | +€110,390 | +2868.7% |
| Taxes | 450/3 | €3,848 | €114,238 | +€110,390 | +2868.7% |
| Other amounts payable | 47/48 | €398,742 | €134,036 | -€264,707 | -66.4% |
| Accrued charges and deferred income | 492/3 | €1,231 | €1,648 | +€417 | +33.8% |
| Non-recurring operating income | 76A | €3,009 | - | -€3,009 | |
| Remuneration, social security and pensions | 62 | - | €706 | +€706 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,037 | €58,869 | -€10,169 | -14.7% |
| Other operating charges | 640/8 | €8,638 | €8,877 | +€239 | +2.8% |
| Non-recurring operating charges | 66A | €8,209 | - | -€8,209 | |
| Gross operating margin | 9900 | €85,024 | €102,383 | +€17,360 | +20.4% |
| Operating profit (loss) | 9901 | -€861 | €33,932 | +€34,793 | |
| Financial income | 75/76B | - | €1,162,129 | +€1.2m | |
| Recurring financial income | 75 | - | €1,162,129 | +€1.2m | |
| Financial charges | 65/66B | €1,156 | €2,683 | +€1,527 | +132.0% |
| Recurring financial charges | 65 | €1,156 | €2,683 | +€1,527 | +132.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,017 | €1,193,378 | +€1.2m | |
| Income taxes | 67/77 | €478 | €116,569 | +€116,091 | +24300.6% |
| Profit (loss) for the period | 9904 | -€2,495 | €1,076,808 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,495 | €1,076,808 | +€1.1m |
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 29 September 2026 via checked.be.