JC LIBBRECHT: 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.
JC LIBBRECHT
Largest movements
- Tangible fixed assets -€10,072
down €10,072 (-32.1%), from €31,344 to €21,272
- Cash +€7,006
up €7,006 (+13.0%), from €53,813 to €60,819
mainly Net result for the year (+€61,931) and Other debts (+€18,399)
- Receivables within one year +€6,621
up €6,621 (+17.7%), from €37,441 to €44,062
of which Other amounts receivable: +€5,714
- Current investments -€3,793
down €3,793 (-13.5%), from €28,018 to €24,225
- Other debts +€18,399
up €18,399 (+32.5%), from €56,601 to €75,000
- Profit (loss) carried forward -€13,069
down €13,069 (-47.8%), from €27,367 to €14,298
- Debts after one year -€6,831
down €6,831 (-92.0%), from €7,421 to €590
- Gross operating margin +€11,732
up €11,732 (+14.0%), from €83,892 to €95,624
- Taxes +€4,227
up €4,227 (+31.3%), from €13,486 to €17,713
- Financial charges +€2,864
up €2,864 (+177.1%), from €1,617 to €4,481
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 | €151,344 | €150,724 | -€620 | -0.4% |
| Fixed assets | 21/28 | €31,344 | €21,272 | -€10,072 | -32.1% |
| Tangible fixed assets | 22/27 | €31,344 | €21,272 | -€10,072 | -32.1% |
| Furniture and vehicles | 24 | €31,344 | €21,272 | -€10,072 | -32.1% |
| Current assets | 29/58 | €120,000 | €129,452 | +€9,452 | +7.9% |
| Amounts receivable within one year | 40/41 | €37,441 | €44,062 | +€6,621 | +17.7% |
| Trade receivables | 40 | €13,613 | €14,520 | +€907 | +6.7% |
| Other amounts receivable | 41 | €23,828 | €29,542 | +€5,714 | +24.0% |
| Current investments | 50/53 | €28,018 | €24,225 | -€3,793 | -13.5% |
| Cash at bank and in hand | 54/58 | €53,813 | €60,819 | +€7,006 | +13.0% |
| Deferred charges and accrued income | 490/1 | €728 | €346 | -€382 | -52.5% |
| Total equity and liabilities | 10/49 | €151,344 | €150,724 | -€620 | -0.4% |
| Equity | 10/15 | €47,827 | €34,758 | -€13,069 | -27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,367 | €14,298 | -€13,069 | -47.8% |
| Amounts payable | 17/49 | €103,517 | €115,966 | +€12,449 | +12.0% |
| Amounts payable after more than one year | 17 | €7,421 | €590 | -€6,831 | -92.0% |
| Financial debts | 170/4 | €7,421 | €590 | -€6,831 | -92.0% |
| Amounts payable within one year | 42/48 | €96,096 | €115,376 | +€19,280 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €6,385 | €6,831 | +€446 | +7.0% |
| Trade debts | 44 | €2,490 | €1,752 | -€738 | -29.6% |
| Suppliers | 440/4 | €2,490 | €1,752 | -€738 | -29.6% |
| Taxes, remuneration and social security | 45 | €30,620 | €31,793 | +€1,173 | +3.8% |
| Taxes | 450/3 | €30,620 | €31,793 | +€1,173 | +3.8% |
| Other amounts payable | 47/48 | €56,601 | €75,000 | +€18,399 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,240 | €11,279 | +€39 | +0.3% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €83,892 | €95,624 | +€11,732 | +14.0% |
| Operating profit (loss) | 9901 | €72,265 | €83,945 | +€11,680 | +16.2% |
| Financial income | 75/76B | €31 | €180 | +€149 | +480.6% |
| Recurring financial income | 75 | €31 | €180 | +€149 | +480.6% |
| Financial charges | 65/66B | €1,617 | €4,481 | +€2,864 | +177.1% |
| Recurring financial charges | 65 | €1,617 | €4,481 | +€2,864 | +177.1% |
| Profit (loss) for the period before taxes | 9903 | €70,679 | €79,644 | +€8,965 | +12.7% |
| Income taxes | 67/77 | €13,486 | €17,713 | +€4,227 | +31.3% |
| Profit (loss) for the period | 9904 | €57,193 | €61,931 | +€4,738 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,193 | €61,931 | +€4,738 | +8.3% |
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 5 October 2026 via checked.be.