FLORENCE LIBBRECHT: 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.
FLORENCE LIBBRECHT
Largest movements
- Current investments -€213,885
no longer reported in 2025 (was €213,885)
- Cash +€58,947
up €58,947 (+202%), from €29,122 to €88,070
mainly Current investments (+€213,885) and Net result for the year (+€48,860)
- Tangible fixed assets -€6,977
down €6,977 (-17.0%), from €41,126 to €34,149
of which Other tangible fixed assets: -€4,255
- Other debts -€67,555
down €67,555 (-39.8%), from €169,847 to €102,293
- Profit (loss) carried forward -€51,140
down €51,140 (-78.1%), from €65,514 to €14,375
- Trade debts -€26,334
down €26,334 (-91.8%), from €28,687 to €2,353
- Tax, wage and social debts -€17,884
down €17,884 (-35.1%), from €50,927 to €33,043
of which Taxes: -€20,284
- Turnover -€141,838
no longer reported in 2025 (was €141,838)
- Purchases and services -€53,055
no longer reported in 2025 (was €53,055)
- Financial charges +€20,248
up €20,248 (+4,297%), from €471 to €20,719
- Taxes -€5,353
down €5,353 (-31.0%), from €17,248 to €11,895
- Financial income -€3,722
down €3,722 (-69.2%), from €5,375 to €1,653
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 | €317,871 | €157,206 | -€160,664 | -50.5% |
| Fixed assets | 21/28 | €41,126 | €34,149 | -€6,977 | -17.0% |
| Tangible fixed assets | 22/27 | €41,126 | €34,149 | -€6,977 | -17.0% |
| Furniture and vehicles | 24 | €6,370 | €3,648 | -€2,723 | -42.7% |
| Other tangible fixed assets | 26 | €34,755 | €30,501 | -€4,255 | -12.2% |
| Current assets | 29/58 | €276,745 | €123,058 | -€153,687 | -55.5% |
| Amounts receivable within one year | 40/41 | €31,075 | €33,437 | +€2,362 | +7.6% |
| Trade receivables | 40 | €28,505 | €32,653 | +€4,148 | +14.6% |
| Other amounts receivable | 41 | €2,570 | €784 | -€1,786 | -69.5% |
| Current investments | 50/53 | €213,885 | - | -€213,885 | |
| Cash at bank and in hand | 54/58 | €29,122 | €88,070 | +€58,947 | +202% |
| Deferred charges and accrued income | 490/1 | €2,662 | €1,551 | -€1,112 | -41.7% |
| Total equity and liabilities | 10/49 | €317,871 | €157,206 | -€160,664 | -50.5% |
| Equity | 10/15 | €68,014 | €16,875 | -€51,140 | -75.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,514 | €14,375 | -€51,140 | -78.1% |
| Amounts payable | 17/49 | €249,856 | €140,332 | -€109,525 | -43.8% |
| Amounts payable within one year | 42/48 | €249,461 | €140,304 | -€109,157 | -43.8% |
| Trade debts | 44 | €28,687 | €2,353 | -€26,334 | -91.8% |
| Suppliers | 440/4 | €28,687 | €2,353 | -€26,334 | -91.8% |
| Advances received on contracts in progress | 46 | - | €2,616 | +€2,616 | |
| Taxes, remuneration and social security | 45 | €50,927 | €33,043 | -€17,884 | -35.1% |
| Taxes | 450/3 | €49,127 | €28,843 | -€20,284 | -41.3% |
| Remuneration and social security | 454/9 | €1,800 | €4,200 | +€2,400 | +133% |
| Other amounts payable | 47/48 | €169,847 | €102,293 | -€67,555 | -39.8% |
| Accrued charges and deferred income | 492/3 | €395 | €28 | -€368 | -93.0% |
| Turnover | 70 | €141,838 | - | -€141,838 | |
| Goods, raw materials, services and sundry goods | 60/61 | €53,055 | - | -€53,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,600 | €6,977 | -€623 | -8.2% |
| Other operating charges | 640/8 | €810 | €473 | -€337 | -41.6% |
| Gross operating margin | 9900 | €90,539 | €87,271 | -€3,268 | -3.6% |
| Operating profit (loss) | 9901 | €82,129 | €79,821 | -€2,309 | -2.8% |
| Financial income | 75/76B | €5,375 | €1,653 | -€3,722 | -69.2% |
| Recurring financial income | 75 | €5,375 | €1,653 | -€3,722 | -69.2% |
| Financial charges | 65/66B | €471 | €20,719 | +€20,248 | +4,297% |
| Recurring financial charges | 65 | €471 | €20,719 | +€20,248 | +4,297% |
| Profit (loss) for the period before taxes | 9903 | €87,033 | €60,755 | -€26,278 | -30.2% |
| Income taxes | 67/77 | €17,248 | €11,895 | -€5,353 | -31.0% |
| Profit (loss) for the period | 9904 | €69,786 | €48,860 | -€20,925 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,786 | €48,860 | -€20,925 | -30.0% |
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 26 October 2026 via checked.be.