LIBAGYN: 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.
LIBAGYN
Largest movements
- Cash +€161,935
up €161,935 (+86.8%), from €186,583 to €348,518
mainly Net result for the year (+€297,283) and Receivables within one year (+€159,607)
- Receivables within one year -€159,607
down €159,607 (-20.1%), from €794,971 to €635,364
of which Other amounts receivable: -€173,618
- Tangible fixed assets -€30,749
down €30,749 (-21.8%), from €141,270 to €110,521
of which Furniture and vehicles: -€18,307
- Reserves +€137,283
up €137,283 (+21.3%), from €645,803 to €783,086
of which Distributable reserves: +€137,283
- Other debts -€90,000
down €90,000 (-36.0%), from €250,000 to €160,000
- Trade debts -€37,151
down €37,151 (-83.3%), from €44,623 to €7,473
- Tax, wage and social debts -€18,956
down €18,956 (-30.3%), from €62,464 to €43,508
of which Taxes: -€20,268
- Debts after one year -€17,470
down €17,470 (-31.3%), from €55,749 to €38,279
- Gross operating margin +€28,820
up €28,820 (+6.2%), from €466,022 to €494,842
- Financial income +€19,569
up €19,569 (+151.8%), from €12,895 to €32,464
- Taxes +€13,587
up €13,587 (+11.2%), from €121,561 to €135,149
- Staff costs +€6,630
up €6,630 (+18.6%), from €35,688 to €42,318
- Other operating charges -€6,265
down €6,265 (-57.3%), from €10,923 to €4,659
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 | €1,125,074 | €1,096,339 | -€28,735 | -2.6% |
| Fixed assets | 21/28 | €141,660 | €110,911 | -€30,749 | -21.7% |
| Tangible fixed assets | 22/27 | €141,270 | €110,521 | -€30,749 | -21.8% |
| Land and buildings | 22 | €6,831 | €2,277 | -€4,554 | -66.7% |
| Plant, machinery and equipment | 23 | €48,586 | €41,387 | -€7,200 | -14.8% |
| Furniture and vehicles | 24 | €84,496 | €66,190 | -€18,307 | -21.7% |
| Other tangible fixed assets | 26 | €1,357 | €668 | -€689 | -50.8% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €983,414 | €985,428 | +€2,014 | +0.2% |
| Amounts receivable within one year | 40/41 | €794,971 | €635,364 | -€159,607 | -20.1% |
| Trade receivables | 40 | €164,096 | €178,107 | +€14,011 | +8.5% |
| Other amounts receivable | 41 | €630,875 | €457,257 | -€173,618 | -27.5% |
| Cash at bank and in hand | 54/58 | €186,583 | €348,518 | +€161,935 | +86.8% |
| Deferred charges and accrued income | 490/1 | €1,860 | €1,546 | -€313 | -16.8% |
| Total equity and liabilities | 10/49 | €1,125,074 | €1,096,339 | -€28,735 | -2.6% |
| Equity | 10/15 | €658,353 | €795,636 | +€137,283 | +20.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €645,803 | €783,086 | +€137,283 | +21.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €643,943 | €781,226 | +€137,283 | +21.3% |
| Profit (loss) carried forward | 14 | €150 | €150 | = | 0.0% |
| Amounts payable | 17/49 | €466,721 | €300,703 | -€166,018 | -35.6% |
| Amounts payable after more than one year | 17 | €55,749 | €38,279 | -€17,470 | -31.3% |
| Financial debts | 170/4 | €55,749 | €38,279 | -€17,470 | -31.3% |
| Amounts payable within one year | 42/48 | €407,957 | €262,424 | -€145,533 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €50,742 | €51,146 | +€405 | +0.8% |
| Financial debts | 43 | €128 | €297 | +€169 | +132.1% |
| Credit institutions | 430/8 | €128 | €297 | +€169 | +132.1% |
| Trade debts | 44 | €44,623 | €7,473 | -€37,151 | -83.3% |
| Suppliers | 440/4 | €44,623 | €7,473 | -€37,151 | -83.3% |
| Taxes, remuneration and social security | 45 | €62,464 | €43,508 | -€18,956 | -30.3% |
| Taxes | 450/3 | €56,052 | €35,783 | -€20,268 | -36.2% |
| Remuneration and social security | 454/9 | €6,412 | €7,724 | +€1,312 | +20.5% |
| Other amounts payable | 47/48 | €250,000 | €160,000 | -€90,000 | -36.0% |
| Accrued charges and deferred income | 492/3 | €3,015 | €0 | -€3,015 | -100.0% |
| Non-recurring operating income | 76A | €585 | €104 | -€481 | -82.3% |
| Remuneration, social security and pensions | 62 | €35,688 | €42,318 | +€6,630 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,532 | €43,265 | +€4,733 | +12.3% |
| Other operating charges | 640/8 | €10,923 | €4,659 | -€6,265 | -57.3% |
| Gross operating margin | 9900 | €466,022 | €494,842 | +€28,820 | +6.2% |
| Operating profit (loss) | 9901 | €380,879 | €404,600 | +€23,720 | +6.2% |
| Financial income | 75/76B | €12,895 | €32,464 | +€19,569 | +151.8% |
| Recurring financial income | 75 | €12,895 | €32,464 | +€19,569 | +151.8% |
| Financial charges | 65/66B | €6,150 | €4,632 | -€1,518 | -24.7% |
| Recurring financial charges | 65 | €6,150 | €4,632 | -€1,518 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €387,624 | €432,432 | +€44,808 | +11.6% |
| Income taxes | 67/77 | €121,561 | €135,149 | +€13,587 | +11.2% |
| Profit (loss) for the period | 9904 | €266,063 | €297,283 | +€31,220 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €266,063 | €297,283 | +€31,220 | +11.7% |
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 12 October 2026 via checked.be.