LIB AIR: 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.
LIB AIR
Largest movements
- Deferred charges and accrued income +€50,175
up €50,175 (+1296.2%), from €3,871 to €54,046
- Tangible fixed assets -€27,073
no longer reported in 2025 (was €27,073)
- Formation expenses -€1,724
no longer reported in 2025 (was €1,724)
- Cash +€1,224
up €1,224 (+22.9%), from €5,351 to €6,576
mainly Investment in fixed assets (net) (+€28,797) and Net result for the year (+€16,392)
- Reserves +€16,025
new in 2025: €16,025
- Tax, wage and social debts +€6,538
up €6,538 (+1752.2%), from €373 to €6,911
- Gross operating margin +€18,838
up €18,838 (+469.2%), from €4,015 to €22,853
- Taxes +€6,010
new in 2025: €6,010
- Depreciation -€3,439
no longer reported in 2025 (was €3,439)
- Other operating charges -€484
down €484 (-54.7%), from €883 to €400
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 | €39,551 | €62,309 | +€22,758 | +57.5% |
| Formation expenses | 20 | €1,724 | - | -€1,724 | |
| Fixed assets | 21/28 | €27,073 | - | -€27,073 | |
| Tangible fixed assets | 22/27 | €27,073 | - | -€27,073 | |
| Plant, machinery and equipment | 23 | €27,073 | - | -€27,073 | |
| Current assets | 29/58 | €10,754 | €62,309 | +€51,555 | +479.4% |
| Amounts receivable within one year | 40/41 | €1,532 | €1,687 | +€155 | +10.2% |
| Trade receivables | 40 | €1,344 | €1,687 | +€343 | +25.5% |
| Other amounts receivable | 41 | €188 | - | -€188 | |
| Cash at bank and in hand | 54/58 | €5,351 | €6,576 | +€1,224 | +22.9% |
| Deferred charges and accrued income | 490/1 | €3,871 | €54,046 | +€50,175 | +1296.2% |
| Total equity and liabilities | 10/49 | €39,551 | €62,309 | +€22,758 | +57.5% |
| Equity | 10/15 | €29,632 | €46,025 | +€16,392 | +55.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €16,025 | +€16,025 | |
| Distributable reserves | 133 | - | €16,025 | +€16,025 | |
| Profit (loss) carried forward | 14 | -€368 | - | +€368 | |
| Amounts payable | 17/49 | €9,919 | €16,284 | +€6,365 | +64.2% |
| Amounts payable within one year | 42/48 | €9,919 | €16,284 | +€6,365 | +64.2% |
| Trade debts | 44 | - | €5 | +€5 | |
| Suppliers | 440/4 | - | €5 | +€5 | |
| Taxes, remuneration and social security | 45 | €373 | €6,911 | +€6,538 | +1752.2% |
| Taxes | 450/3 | €373 | €6,911 | +€6,538 | +1752.2% |
| Other amounts payable | 47/48 | €9,546 | €9,368 | -€178 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,439 | - | -€3,439 | |
| Other operating charges | 640/8 | €883 | €400 | -€484 | -54.7% |
| Gross operating margin | 9900 | €4,015 | €22,853 | +€18,838 | +469.2% |
| Operating profit (loss) | 9901 | -€307 | €22,453 | +€22,760 | |
| Financial charges | 65/66B | €60 | €51 | -€10 | -16.1% |
| Recurring financial charges | 65 | €60 | €51 | -€10 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€368 | €22,402 | +€22,770 | |
| Income taxes | 67/77 | - | €6,010 | +€6,010 | |
| Profit (loss) for the period | 9904 | -€368 | €16,392 | +€16,760 | |
| Profit (loss) for the period to be appropriated | 9905 | -€368 | €16,392 | +€16,760 |
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 3 October 2026 via checked.be.