Libaers & Berquin: 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.
Libaers & Berquin
Largest movements
- Tangible fixed assets -€33,686
down €33,686 (-3.2%), from €1.0m to €1.0m
- Cash -€21,884
down €21,884 (-71.3%), from €30,683 to €8,799
mainly Other debts (-€104,362)
- Deferred charges and accrued income -€20,000
down €20,000 (-40.0%), from €50,000 to €30,000
- Other debts -€104,362
down €104,362 (-12.5%), from €837,889 to €733,527
- Reserves +€17,469
up €17,469 (+6.6%), from €263,993 to €281,462
- Gross operating margin +€5,594
up €5,594 (+5.7%), from €97,994 to €103,588
- Taxes +€2,466
up €2,466 (+60.5%), from €4,077 to €6,543
- Financial charges -€2,204
down €2,204 (-6.7%), from €32,816 to €30,612
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 | €1,121,755 | €1,042,263 | -€79,492 | -7.1% |
| Fixed assets | 21/28 | €1,037,149 | €1,003,464 | -€33,686 | -3.2% |
| Tangible fixed assets | 22/27 | €1,037,149 | €1,003,464 | -€33,686 | -3.2% |
| Land and buildings | 22 | €1,037,149 | €1,003,464 | -€33,686 | -3.2% |
| Current assets | 29/58 | €84,606 | €38,799 | -€45,807 | -54.1% |
| Amounts receivable within one year | 40/41 | €3,923 | - | -€3,923 | |
| Other amounts receivable | 41 | €3,923 | - | -€3,923 | |
| Cash at bank and in hand | 54/58 | €30,683 | €8,799 | -€21,884 | -71.3% |
| Deferred charges and accrued income | 490/1 | €50,000 | €30,000 | -€20,000 | -40.0% |
| Total equity and liabilities | 10/49 | €1,121,755 | €1,042,263 | -€79,492 | -7.1% |
| Equity | 10/15 | €270,193 | €287,662 | +€17,469 | +6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €263,993 | €281,462 | +€17,469 | +6.6% |
| Distributable reserves | 133 | €263,993 | €281,462 | +€17,469 | +6.6% |
| Amounts payable | 17/49 | €851,562 | €754,601 | -€96,961 | -11.4% |
| Amounts payable within one year | 42/48 | €851,562 | €754,601 | -€96,961 | -11.4% |
| Trade debts | 44 | €13,673 | €14,531 | +€857 | +6.3% |
| Suppliers | 440/4 | €13,673 | €14,531 | +€857 | +6.3% |
| Taxes, remuneration and social security | 45 | - | €6,543 | +€6,543 | |
| Taxes | 450/3 | - | €6,543 | +€6,543 | |
| Other amounts payable | 47/48 | €837,889 | €733,527 | -€104,362 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,686 | €33,686 | = | 0.0% |
| Other operating charges | 640/8 | €15,183 | €15,278 | +€94 | +0.6% |
| Gross operating margin | 9900 | €97,994 | €103,588 | +€5,594 | +5.7% |
| Operating profit (loss) | 9901 | €49,125 | €54,624 | +€5,499 | +11.2% |
| Financial charges | 65/66B | €32,816 | €30,612 | -€2,204 | -6.7% |
| Recurring financial charges | 65 | €32,816 | €30,612 | -€2,204 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €16,309 | €24,012 | +€7,703 | +47.2% |
| Income taxes | 67/77 | €4,077 | €6,543 | +€2,466 | +60.5% |
| Profit (loss) for the period | 9904 | €12,232 | €17,469 | +€5,237 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,232 | €17,469 | +€5,237 | +42.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.