Le Bébé libéré: 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.
Le Bébé libéré
Largest movements
- Cash +€191,894
up €191,894 (+400.1%), from €47,956 to €239,850
mainly Contributions, distributions and other (+€194,780) and Net result for the year (+€15,502)
- Receivables within one year +€24,806
up €24,806 (+47.7%), from €51,964 to €76,770
of which Other amounts receivable: +€26,841
- Tangible fixed assets +€9,608
up €9,608 (+12.8%), from €75,127 to €84,735
of which Land and buildings: +€10,860
- Investment grants +€194,780
up €194,780 (+730.5%), from €26,663 to €221,443
- Profit (loss) carried forward +€15,502
new in 2025: €15,502
- Debts within one year +€13,414
up €13,414 (+13.5%), from €99,290 to €112,704
of which Tax, wage and social debts: +€19,666
- Gross operating margin +€46,281
up €46,281 (+7.9%), from €587,258 to €633,538
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 | €186,208 | €408,864 | +€222,656 | +119.6% |
| Fixed assets | 21/28 | €75,127 | €84,735 | +€9,608 | +12.8% |
| Tangible fixed assets | 22/27 | €75,127 | €84,735 | +€9,608 | +12.8% |
| Land and buildings | 22 | €71,283 | €82,143 | +€10,860 | +15.2% |
| Plant, machinery and equipment | 23 | €11 | - | -€11 | |
| Furniture and vehicles | 24 | €3,833 | €2,592 | -€1,242 | -32.4% |
| Current assets | 29/58 | €111,081 | €324,129 | +€213,048 | +191.8% |
| Amounts receivable within one year | 40/41 | €51,964 | €76,770 | +€24,806 | +47.7% |
| Trade receivables | 40 | €13,269 | €11,234 | -€2,035 | -15.3% |
| Other amounts receivable | 41 | €38,695 | €65,536 | +€26,841 | +69.4% |
| Cash at bank and in hand | 54/58 | €47,956 | €239,850 | +€191,894 | +400.1% |
| Deferred charges and accrued income | 490/1 | €11,161 | €7,509 | -€3,652 | -32.7% |
| Total equity and liabilities | 10/49 | €186,208 | €408,864 | +€222,656 | +119.6% |
| Equity | 10/15 | €85,878 | €296,160 | +€210,282 | +244.9% |
| Contributions | 10/11 | €59,215 | €59,215 | = | 0.0% |
| Capital | 10 | €59,215 | €59,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €15,502 | +€15,502 | |
| Investment grants | 15 | €26,663 | €221,443 | +€194,780 | +730.5% |
| Amounts payable | 17/49 | €100,330 | €112,704 | +€12,374 | +12.3% |
| Amounts payable after more than one year | 17 | €1,041 | - | -€1,041 | |
| Financial debts | 170/4 | €1,041 | - | -€1,041 | |
| Amounts payable within one year | 42/48 | €99,290 | €112,704 | +€13,414 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €2,223 | €1,213 | -€1,010 | -45.4% |
| Trade debts | 44 | €6,304 | €1,808 | -€4,497 | -71.3% |
| Suppliers | 440/4 | €6,304 | €1,808 | -€4,497 | -71.3% |
| Taxes, remuneration and social security | 45 | €73,861 | €93,527 | +€19,666 | +26.6% |
| Taxes | 450/3 | €450 | €8,666 | +€8,216 | +1824.8% |
| Remuneration and social security | 454/9 | €73,411 | €84,861 | +€11,450 | +15.6% |
| Remuneration, social security and pensions | 62 | €607,901 | €609,814 | +€1,913 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,672 | €11,037 | -€5,635 | -33.8% |
| Other operating charges | 640/8 | €7 | - | -€7 | |
| Non-recurring operating charges | 66A | €17 | - | -€17 | |
| Gross operating margin | 9900 | €587,258 | €633,538 | +€46,281 | +7.9% |
| Operating profit (loss) | 9901 | -€37,340 | €12,686 | +€50,027 | |
| Financial income | 75/76B | €4,243 | €4,252 | +€9 | +0.2% |
| Recurring financial income | 75 | €4,243 | €4,252 | +€9 | +0.2% |
| Financial charges | 65/66B | €326 | €1,384 | +€1,058 | +324.5% |
| Recurring financial charges | 65 | €326 | €1,384 | +€1,058 | +324.5% |
| Profit (loss) for the period before taxes | 9903 | -€33,423 | €15,554 | +€48,978 | |
| Income taxes | 67/77 | €28 | €53 | +€25 | +86.8% |
| Profit (loss) for the period | 9904 | -€33,452 | €15,502 | +€48,953 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,452 | €15,502 | +€48,953 |
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.