LiBa Invest: what changed
Two financial 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 Invest
Largest movements
- Tangible fixed assets +€50,836
up €50,836 (+10.6%), from €481,628 to €532,465
of which Plant, machinery and equipment: +€157,038
- Receivables within one year +€17,506
up €17,506 (+12.3%), from €141,791 to €159,296
of which Trade receivables: +€17,577
- Other debts +€34,217
up €34,217 (+46.0%), from €74,405 to €108,622
- Current portion of long-term debt +€19,074
up €19,074 (+34.5%), from €55,269 to €74,343
- Reserves +€16,398
up €16,398 (+20.8%), from €78,821 to €95,219
- Tax, wage and social debts -€12,494
down €12,494 (-61.7%), from €20,261 to €7,767
- Debts after one year +€10,972
up €10,972 (+2.8%), from €385,458 to €396,430
- Depreciation +€23,902
up €23,902 (+73.2%), from €32,657 to €56,559
- Gross operating margin +€17,832
up €17,832 (+26.7%), from €66,908 to €84,740
- Taxes -€1,446
down €1,446 (-41.1%), from €3,519 to €2,073
- Financial charges +€1,356
up €1,356 (+16.5%), from €8,226 to €9,582
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.
Derived cash bridge
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 | €626,968 | €698,905 | +€71,938 | +11.5% |
| Fixed assets | 21/28 | €481,628 | €532,465 | +€50,836 | +10.6% |
| Tangible fixed assets | 22/27 | €481,628 | €532,465 | +€50,836 | +10.6% |
| Land and buildings | 22 | €386,503 | €370,399 | -€16,104 | -4.2% |
| Plant, machinery and equipment | 23 | €285 | €157,324 | +€157,038 | +55,043% |
| Furniture and vehicles | 24 | €94,840 | €4,743 | -€90,098 | -95.0% |
| Current assets | 29/58 | €145,339 | €166,441 | +€21,101 | +14.5% |
| Amounts receivable within one year | 40/41 | €141,791 | €159,296 | +€17,506 | +12.3% |
| Trade receivables | 40 | €141,720 | €159,296 | +€17,577 | +12.4% |
| Other amounts receivable | 41 | €71 | €0 | -€71 | -100% |
| Cash at bank and in hand | 54/58 | €3,297 | €6,860 | +€3,563 | +108% |
| Deferred charges and accrued income | 490/1 | €252 | €284 | +€32 | +12.8% |
| Total equity and liabilities | 10/49 | €626,968 | €698,905 | +€71,938 | +11.5% |
| Equity | 10/15 | €91,221 | €107,619 | +€16,398 | +18.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €78,821 | €95,219 | +€16,398 | +20.8% |
| Distributable reserves | 133 | €78,821 | €95,219 | +€16,398 | +20.8% |
| Amounts payable | 17/49 | €535,747 | €591,287 | +€55,539 | +10.4% |
| Amounts payable after more than one year | 17 | €385,458 | €396,430 | +€10,972 | +2.8% |
| Financial debts | 170/4 | €385,458 | €396,430 | +€10,972 | +2.8% |
| Amounts payable within one year | 42/48 | €149,935 | €194,857 | +€44,922 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €55,269 | €74,343 | +€19,074 | +34.5% |
| Trade debts | 44 | €0 | €1,725 | +€1,725 | |
| Suppliers | 440/4 | €0 | €1,725 | +€1,725 | |
| Advances received on contracts in progress | 46 | - | €2,400 | +€2,400 | |
| Taxes, remuneration and social security | 45 | €20,261 | €7,767 | -€12,494 | -61.7% |
| Taxes | 450/3 | €20,261 | €7,767 | -€12,494 | -61.7% |
| Other amounts payable | 47/48 | €74,405 | €108,622 | +€34,217 | +46.0% |
| Accrued charges and deferred income | 492/3 | €354 | €0 | -€354 | -100% |
| Remuneration, social security and pensions | 62 | €503 | €0 | -€503 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,657 | €56,559 | +€23,902 | +73.2% |
| Other operating charges | 640/8 | €628 | €128 | -€500 | -79.6% |
| Gross operating margin | 9900 | €66,908 | €84,740 | +€17,832 | +26.7% |
| Operating profit (loss) | 9901 | €33,119 | €28,053 | -€5,066 | -15.3% |
| Financial income | 75/76B | €7 | €0 | -€7 | -100% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -100% |
| Financial charges | 65/66B | €8,226 | €9,582 | +€1,356 | +16.5% |
| Recurring financial charges | 65 | €8,226 | €9,582 | +€1,356 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €24,900 | €18,471 | -€6,429 | -25.8% |
| Income taxes | 67/77 | €3,519 | €2,073 | -€1,446 | -41.1% |
| Profit (loss) for the period | 9904 | €21,381 | €16,398 | -€4,983 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,381 | €16,398 | -€4,983 | -23.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.