LIBARO: 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.
LIBARO
Largest movements
- Tangible fixed assets -€41,093
down €41,093 (-33.1%), from €124,023 to €82,929
of which Leasing and similar rights: -€27,029
- Cash -€24,754
down €24,754 (-40.6%), from €60,918 to €36,163
mainly Trade debts (-€74,378) and Tax, wage and social debts (-€46,274)
- Other debts +€92,638
up €92,638 (+45.0%), from €206,029 to €298,667
- Trade debts -€74,378
down €74,378 (-43.3%), from €171,668 to €97,290
- Tax, wage and social debts -€46,274
down €46,274 (-19.2%), from €240,837 to €194,562
of which Taxes: -€25,675
- Current portion of long-term debt -€26,397
down €26,397 (-31.1%), from €84,844 to €58,447
- Gross operating margin -€457,902
down €457,902 (-44.1%), from €1.0m to €580,629
- Other operating charges -€85,141
down €85,141 (-87.1%), from €97,716 to €12,575
- Staff costs -€51,987
down €51,987 (-9.1%), from €568,297 to €516,310
- Depreciation -€37,946
down €37,946 (-39.7%), from €95,497 to €57,551
- Taxes -€23,298
down €23,298 (-98.8%), from €23,586 to €287
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 | €1,441,479 | €1,375,486 | -€65,994 | -4.6% |
| Fixed assets | 21/28 | €463,004 | €415,208 | -€47,796 | -10.3% |
| Intangible fixed assets | 21 | €184,601 | €177,898 | -€6,703 | -3.6% |
| Tangible fixed assets | 22/27 | €124,023 | €82,929 | -€41,093 | -33.1% |
| Land and buildings | 22 | €7,564 | €6,537 | -€1,027 | -13.6% |
| Plant, machinery and equipment | 23 | €13,224 | €16,968 | +€3,744 | +28.3% |
| Furniture and vehicles | 24 | €21,091 | €4,309 | -€16,782 | -79.6% |
| Leasing and similar rights | 25 | €82,144 | €55,115 | -€27,029 | -32.9% |
| Financial fixed assets | 28 | €154,380 | €154,380 | = | 0.0% |
| Current assets | 29/58 | €978,476 | €960,278 | -€18,197 | -1.9% |
| Amounts receivable within one year | 40/41 | €917,345 | €924,115 | +€6,770 | +0.7% |
| Trade receivables | 40 | €913,159 | €919,929 | +€6,770 | +0.7% |
| Other amounts receivable | 41 | €4,186 | €4,186 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,918 | €36,163 | -€24,754 | -40.6% |
| Deferred charges and accrued income | 490/1 | €213 | €0 | -€213 | -100.0% |
| Total equity and liabilities | 10/49 | €1,441,479 | €1,375,486 | -€65,994 | -4.6% |
| Equity | 10/15 | €737,184 | €725,601 | -€11,582 | -1.6% |
| Contributions | 10/11 | €17,012 | €17,012 | = | 0.0% |
| Reserves | 13 | €720,172 | €719,020 | -€1,151 | -0.2% |
| Distributable reserves | 133 | €720,172 | €719,020 | -€1,151 | -0.2% |
| Profit (loss) carried forward | 14 | - | -€10,431 | -€10,431 | |
| Amounts payable | 17/49 | €704,296 | €649,884 | -€54,411 | -7.7% |
| Amounts payable within one year | 42/48 | €704,296 | €649,884 | -€54,411 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €84,844 | €58,447 | -€26,397 | -31.1% |
| Trade debts | 44 | €171,668 | €97,290 | -€74,378 | -43.3% |
| Suppliers | 440/4 | €171,668 | €97,290 | -€74,378 | -43.3% |
| Advances received on contracts in progress | 46 | €918 | €918 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €240,837 | €194,562 | -€46,274 | -19.2% |
| Taxes | 450/3 | €123,761 | €98,086 | -€25,675 | -20.7% |
| Remuneration and social security | 454/9 | €117,076 | €96,477 | -€20,599 | -17.6% |
| Other amounts payable | 47/48 | €206,029 | €298,667 | +€92,638 | +45.0% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Remuneration, social security and pensions | 62 | €568,297 | €516,310 | -€51,987 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,497 | €57,551 | -€37,946 | -39.7% |
| Other operating charges | 640/8 | €97,716 | €12,575 | -€85,141 | -87.1% |
| Gross operating margin | 9900 | €1,038,531 | €580,629 | -€457,902 | -44.1% |
| Operating profit (loss) | 9901 | €277,020 | -€5,807 | -€282,828 | |
| Financial income | 75/76B | €5 | €85 | +€80 | +1742.5% |
| Recurring financial income | 75 | €5 | €85 | +€80 | +1742.5% |
| Financial charges | 65/66B | €20,872 | €5,572 | -€15,299 | -73.3% |
| Recurring financial charges | 65 | €20,872 | €5,572 | -€15,299 | -73.3% |
| Profit (loss) for the period before taxes | 9903 | €256,153 | -€11,295 | -€267,448 | |
| Income taxes | 67/77 | €23,586 | €287 | -€23,298 | -98.8% |
| Profit (loss) for the period | 9904 | €232,568 | -€11,582 | -€244,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €232,568 | -€11,582 | -€244,150 |
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 6 October 2026 via checked.be.