L I B R E: what changed
L I B R E
Largest movements
- Tangible fixed assets -€12,608
down €12,608 (-32.5%), from €38,812 to €26,204
of which Furniture and vehicles: -€13,023
- Cash +€9,562
up €9,562 (+54.6%), from €17,511 to €27,073
mainly Depreciation (+€13,800) and Receivables within one year (+€3,884)
- Receivables within one year -€3,884
down €3,884 (-50.9%), from €7,638 to €3,754
of which Trade receivables: -€4,163
- Deferred charges and accrued income -€674
down €674 (-44.3%), from €1,521 to €848
- Debts after one year -€5,228
down €5,228 (-48.8%), from €10,705 to €5,477
- Tax, wage and social debts -€2,410
down €2,410 (-31.4%), from €7,683 to €5,273
- Trade debts -€1,087
down €1,087 (-67.1%), from €1,620 to €533
- Other debts +€705
up €705 (+8.1%), from €8,716 to €9,421
- Gross operating margin -€19,056
down €19,056 (-54.7%), from €34,858 to €15,802
- Depreciation +€4,957
up €4,957 (+56.1%), from €8,842 to €13,800
- Taxes -€4,815
down €4,815 (-95.5%), from €5,044 to €229
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,482 | €57,878 | -€7,604 | -11.6% |
| Fixed assets | 21/28 | €38,812 | €26,204 | -€12,608 | -32.5% |
| Tangible fixed assets | 22/27 | €38,812 | €26,204 | -€12,608 | -32.5% |
| Plant, machinery and equipment | 23 | €1,961 | €2,376 | +€415 | +21.2% |
| Furniture and vehicles | 24 | €36,850 | €23,828 | -€13,023 | -35.3% |
| Current assets | 29/58 | €26,670 | €31,674 | +€5,004 | +18.8% |
| Amounts receivable within one year | 40/41 | €7,638 | €3,754 | -€3,884 | -50.9% |
| Trade receivables | 40 | €7,518 | €3,355 | -€4,163 | -55.4% |
| Other amounts receivable | 41 | €120 | €399 | +€280 | +234% |
| Cash at bank and in hand | 54/58 | €17,511 | €27,073 | +€9,562 | +54.6% |
| Deferred charges and accrued income | 490/1 | €1,521 | €848 | -€674 | -44.3% |
| Total equity and liabilities | 10/49 | €65,482 | €57,878 | -€7,604 | -11.6% |
| Equity | 10/15 | €31,768 | €31,947 | +€178 | +0.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €21,768 | €21,947 | +€178 | +0.8% |
| Distributable reserves | 133 | €21,768 | €21,947 | +€178 | +0.8% |
| Amounts payable | 17/49 | €33,714 | €25,932 | -€7,782 | -23.1% |
| Amounts payable after more than one year | 17 | €10,705 | €5,477 | -€5,228 | -48.8% |
| Financial debts | 170/4 | €10,705 | €5,477 | -€5,228 | -48.8% |
| Amounts payable within one year | 42/48 | €23,009 | €20,455 | -€2,555 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €4,990 | €5,228 | +€238 | +4.8% |
| Trade debts | 44 | €1,620 | €533 | -€1,087 | -67.1% |
| Suppliers | 440/4 | €1,620 | €533 | -€1,087 | -67.1% |
| Taxes, remuneration and social security | 45 | €7,683 | €5,273 | -€2,410 | -31.4% |
| Taxes | 450/3 | €7,683 | €5,273 | -€2,410 | -31.4% |
| Other amounts payable | 47/48 | €8,716 | €9,421 | +€705 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,842 | €13,800 | +€4,957 | +56.1% |
| Other operating charges | 640/8 | €1,118 | €825 | -€292 | -26.2% |
| Gross operating margin | 9900 | €34,858 | €15,802 | -€19,056 | -54.7% |
| Operating profit (loss) | 9901 | €24,898 | €1,177 | -€23,721 | -95.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €990 | €770 | -€220 | -22.2% |
| Recurring financial charges | 65 | €990 | €770 | -€220 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €23,908 | €407 | -€23,501 | -98.3% |
| Income taxes | 67/77 | €5,044 | €229 | -€4,815 | -95.5% |
| Profit (loss) for the period | 9904 | €18,864 | €178 | -€18,686 | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,864 | €178 | -€18,686 | -99.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.