LIBARTA: 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.
LIBARTA
Largest movements
- Cash -€76,542
down €76,542 (-65.4%), from €116,969 to €40,427
mainly Debts after one year (-€163,239) and Accrued charges and deferred income (-€3,539)
- Tangible fixed assets -€48,451
down €48,451 (-5.0%), from €963,125 to €914,674
of which Land and buildings: -€27,203
- Debts after one year -€163,239
down €163,239 (-18.5%), from €882,222 to €718,984
- Reserves +€23,583
up €23,583 (+22.8%), from €103,570 to €127,153
- Gross operating margin -€16,467
down €16,467 (-12.9%), from €127,563 to €111,096
- Depreciation -€12,299
down €12,299 (-20.2%), from €60,750 to €48,451
- Taxes +€6,033
up €6,033 (+169.9%), from €3,551 to €9,584
- Financial charges -€5,134
down €5,134 (-18.4%), from €27,825 to €22,691
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 | €1,081,325 | €957,562 | -€123,762 | -11.4% |
| Fixed assets | 21/28 | €963,125 | €914,674 | -€48,451 | -5.0% |
| Tangible fixed assets | 22/27 | €963,125 | €914,674 | -€48,451 | -5.0% |
| Land and buildings | 22 | €807,551 | €780,348 | -€27,203 | -3.4% |
| Furniture and vehicles | 24 | €153,534 | €133,534 | -€20,000 | -13.0% |
| Other tangible fixed assets | 26 | €2,040 | €792 | -€1,248 | -61.2% |
| Current assets | 29/58 | €118,200 | €42,888 | -€75,312 | -63.7% |
| Amounts receivable within one year | 40/41 | €1,230 | €2,461 | +€1,230 | +100.0% |
| Trade receivables | 40 | €1,230 | €2,461 | +€1,230 | +100.0% |
| Cash at bank and in hand | 54/58 | €116,969 | €40,427 | -€76,542 | -65.4% |
| Total equity and liabilities | 10/49 | €1,081,325 | €957,562 | -€123,762 | -11.4% |
| Equity | 10/15 | €107,499 | €131,082 | +€23,583 | +21.9% |
| Contributions | 10/11 | €3,929 | €3,929 | = | 0.0% |
| Reserves | 13 | €103,570 | €127,153 | +€23,583 | +22.8% |
| Distributable reserves | 133 | €103,570 | €127,153 | +€23,583 | +22.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €973,826 | €826,480 | -€147,346 | -15.1% |
| Amounts payable after more than one year | 17 | €882,222 | €718,984 | -€163,239 | -18.5% |
| Financial debts | 170/4 | €882,222 | €718,984 | -€163,239 | -18.5% |
| Amounts payable within one year | 42/48 | €85,103 | €104,535 | +€19,432 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €71,101 | €72,739 | +€1,638 | +2.3% |
| Trade debts | 44 | €779 | €229 | -€550 | -70.6% |
| Suppliers | 440/4 | €779 | €229 | -€550 | -70.6% |
| Taxes, remuneration and social security | 45 | €3,893 | €13,438 | +€9,544 | +245.2% |
| Taxes | 450/3 | €3,893 | €13,438 | +€9,544 | +245.2% |
| Other amounts payable | 47/48 | €9,331 | €18,130 | +€8,799 | +94.3% |
| Accrued charges and deferred income | 492/3 | €6,500 | €2,961 | -€3,539 | -54.4% |
| Non-recurring operating income | 76A | €16,283 | €0 | -€16,283 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,750 | €48,451 | -€12,299 | -20.2% |
| Other operating charges | 640/8 | €6,329 | €7,124 | +€795 | +12.6% |
| Gross operating margin | 9900 | €127,563 | €111,096 | -€16,467 | -12.9% |
| Operating profit (loss) | 9901 | €60,484 | €55,521 | -€4,963 | -8.2% |
| Financial income | 75/76B | €275 | €338 | +€63 | +22.8% |
| Recurring financial income | 75 | €275 | €338 | +€63 | +22.8% |
| Financial charges | 65/66B | €27,825 | €22,691 | -€5,134 | -18.4% |
| Recurring financial charges | 65 | €27,825 | €22,691 | -€5,134 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €32,934 | €33,167 | +€233 | +0.7% |
| Income taxes | 67/77 | €3,551 | €9,584 | +€6,033 | +169.9% |
| Profit (loss) for the period | 9904 | €29,383 | €23,583 | -€5,800 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,383 | €23,583 | -€5,800 | -19.7% |
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 5 October 2026 via checked.be.