LIBA: 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.
LIBA
Largest movements
- Cash +€198,974
up €198,974 (+17.4%), from €1.1m to €1.3m
mainly Net result for the year (+€311,178) and Investment in fixed assets (net) (+€34,380)
- Receivables within one year +€87,169
up €87,169 (+2199.0%), from €3,964 to €91,134
of which Other amounts receivable: +€86,271
- Tangible fixed assets -€58,292
down €58,292 (-57.1%), from €102,029 to €43,737
of which Plant, machinery and equipment: -€33,929
- Reserves +€310,000
up €310,000 (+30.0%), from €1.0m to €1.3m
of which Distributable reserves: +€310,000
- Tax, wage and social debts -€55,410
down €55,410 (-53.4%), from €103,843 to €48,433
of which Remuneration and social security: -€53,478
- Debts after one year -€27,296
down €27,296 (-53.9%), from €50,624 to €23,328
- Staff costs -€488,308
down €488,308 (-60.0%), from €814,194 to €325,886
- Gross operating margin -€279,443
down €279,443 (-25.5%), from €1.1m to €818,037
- Taxes +€56,659
up €56,659 (+61.6%), from €92,023 to €148,682
- Depreciation -€18,518
down €18,518 (-42.7%), from €43,331 to €24,812
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 | €1,259,864 | €1,477,019 | +€217,156 | +17.2% |
| Fixed assets | 21/28 | €102,929 | €43,737 | -€59,192 | -57.5% |
| Tangible fixed assets | 22/27 | €102,029 | €43,737 | -€58,292 | -57.1% |
| Plant, machinery and equipment | 23 | €36,697 | €2,768 | -€33,929 | -92.5% |
| Furniture and vehicles | 24 | €43,267 | €40,969 | -€2,298 | -5.3% |
| Other tangible fixed assets | 26 | €22,065 | - | -€22,065 | |
| Financial fixed assets | 28 | €900 | - | -€900 | |
| Current assets | 29/58 | €1,156,935 | €1,433,283 | +€276,348 | +23.9% |
| Amounts receivable within one year | 40/41 | €3,964 | €91,134 | +€87,169 | +2199.0% |
| Trade receivables | 40 | €9 | €908 | +€899 | +9983.3% |
| Other amounts receivable | 41 | €3,955 | €90,226 | +€86,271 | +2181.3% |
| Cash at bank and in hand | 54/58 | €1,142,919 | €1,341,892 | +€198,974 | +17.4% |
| Deferred charges and accrued income | 490/1 | €10,052 | €257 | -€9,795 | -97.4% |
| Total equity and liabilities | 10/49 | €1,259,864 | €1,477,019 | +€217,156 | +17.2% |
| Equity | 10/15 | €1,055,793 | €1,366,971 | +€311,178 | +29.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,035,054 | €1,345,054 | +€310,000 | +30.0% |
| Tax-exempt reserves | 132 | €54 | €54 | = | 0.0% |
| Distributable reserves | 133 | €1,035,000 | €1,345,000 | +€310,000 | +30.0% |
| Profit (loss) carried forward | 14 | €279 | €1,457 | +€1,178 | +422.3% |
| Provisions and deferred taxes | 16 | - | €5,000 | +€5,000 | |
| Provisions for liabilities and charges | 160/5 | - | €5,000 | +€5,000 | |
| Other liabilities and charges | 164/5 | - | €5,000 | +€5,000 | |
| Amounts payable | 17/49 | €204,070 | €105,048 | -€99,022 | -48.5% |
| Amounts payable after more than one year | 17 | €50,624 | €23,328 | -€27,296 | -53.9% |
| Financial debts | 170/4 | €50,624 | €23,328 | -€27,296 | -53.9% |
| Amounts payable within one year | 42/48 | €143,542 | €78,954 | -€64,588 | -45.0% |
| Current portion of amounts payable after more than one year | 42 | €23,328 | €27,296 | +€3,968 | +17.0% |
| Trade debts | 44 | €16,371 | €3,225 | -€13,146 | -80.3% |
| Suppliers | 440/4 | €16,371 | €3,225 | -€13,146 | -80.3% |
| Taxes, remuneration and social security | 45 | €103,843 | €48,433 | -€55,410 | -53.4% |
| Taxes | 450/3 | €50,365 | €48,433 | -€1,932 | -3.8% |
| Remuneration and social security | 454/9 | €53,478 | - | -€53,478 | |
| Accrued charges and deferred income | 492/3 | €9,904 | €2,766 | -€7,138 | -72.1% |
| Non-recurring operating income | 76A | - | €588,135 | +€588,135 | |
| Remuneration, social security and pensions | 62 | €814,194 | €325,886 | -€488,308 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,331 | €24,812 | -€18,518 | -42.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €5,000 | +€5,000 | |
| Other operating charges | 640/8 | €8,647 | €7,383 | -€1,264 | -14.6% |
| Non-recurring operating charges | 66A | €30,249 | €1,046 | -€29,203 | -96.5% |
| Gross operating margin | 9900 | €1,097,480 | €818,037 | -€279,443 | -25.5% |
| Operating profit (loss) | 9901 | €201,059 | €453,908 | +€252,850 | +125.8% |
| Financial income | 75/76B | €4,138 | €7,948 | +€3,810 | +92.1% |
| Recurring financial income | 75 | €4,138 | €7,948 | +€3,810 | +92.1% |
| Financial charges | 65/66B | €2,902 | €1,997 | -€905 | -31.2% |
| Recurring financial charges | 65 | €2,902 | €1,997 | -€905 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €202,294 | €459,859 | +€257,565 | +127.3% |
| Income taxes | 67/77 | €92,023 | €148,682 | +€56,659 | +61.6% |
| Profit (loss) for the period | 9904 | €110,271 | €311,178 | +€200,907 | +182.2% |
| Profit (loss) for the period to be appropriated | 9905 | €110,271 | €311,178 | +€200,907 | +182.2% |
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 4 October 2026 via checked.be.