LIBATION: 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.
LIBATION
Largest movements
- Cash +€56,297
up €56,297 (+38.7%), from €145,589 to €201,887
mainly Net result for the year (+€55,838) and Other debts (+€44,994)
- Stocks and contracts -€13,255
down €13,255 (-81.3%), from €16,305 to €3,049
- Deferred charges and accrued income +€5,129
up €5,129 (+1148.9%), from €446 to €5,576
- Other debts +€44,994
up €44,994 (+898.8%), from €5,006 to €50,000
- Profit (loss) carried forward +€5,838
up €5,838 (+12.7%), from €45,881 to €51,719
- Trade debts -€5,775
down €5,775 (-17.6%), from €32,833 to €27,059
- Turnover -€1.0m
no longer reported in 2024 (was €1.0m)
- Purchases and services -€585,906
no longer reported in 2024 (was €585,906)
- Staff costs -€20,430
down €20,430 (-4.6%), from €439,892 to €419,462
- Gross operating margin +€15,960
up €15,960 (+3.3%), from €477,329 to €493,289
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,099 | €251,634 | +€45,535 | +22.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €27,464 | €25,887 | -€1,577 | -5.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €26,414 | €24,837 | -€1,577 | -6.0% |
| Plant, machinery and equipment | 23 | €3,264 | €6,266 | +€3,002 | +92.0% |
| Furniture and vehicles | 24 | €7,724 | €5,482 | -€2,242 | -29.0% |
| Leasing and similar rights | 25 | - | €1,109 | +€1,109 | |
| Other tangible fixed assets | 26 | €15,426 | €11,981 | -€3,446 | -22.3% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €178,634 | €225,746 | +€47,112 | +26.4% |
| Stocks and contracts in progress | 3 | €16,305 | €3,049 | -€13,255 | -81.3% |
| Stocks | 30/36 | €16,305 | €3,049 | -€13,255 | -81.3% |
| Amounts receivable within one year | 40/41 | €16,294 | €15,234 | -€1,059 | -6.5% |
| Trade receivables | 40 | €16,294 | €15,234 | -€1,059 | -6.5% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €145,589 | €201,887 | +€56,297 | +38.7% |
| Deferred charges and accrued income | 490/1 | €446 | €5,576 | +€5,129 | +1148.9% |
| Total equity and liabilities | 10/49 | €206,099 | €251,634 | +€45,535 | +22.1% |
| Equity | 10/15 | €100,633 | €106,471 | +€5,838 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,152 | €36,152 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,152 | €3,152 | = | 0.0% |
| Legal reserve | 130 | €3,152 | €3,152 | = | 0.0% |
| Distributable reserves | 133 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,881 | €51,719 | +€5,838 | +12.7% |
| Amounts payable | 17/49 | €105,466 | €145,163 | +€39,697 | +37.6% |
| Amounts payable within one year | 42/48 | €105,466 | €145,163 | +€39,697 | +37.6% |
| Trade debts | 44 | €32,833 | €27,059 | -€5,775 | -17.6% |
| Suppliers | 440/4 | €32,833 | €27,059 | -€5,775 | -17.6% |
| Taxes, remuneration and social security | 45 | €67,626 | €68,104 | +€478 | +0.7% |
| Taxes | 450/3 | €22,849 | €20,300 | -€2,549 | -11.2% |
| Remuneration and social security | 454/9 | €44,777 | €47,805 | +€3,028 | +6.8% |
| Other amounts payable | 47/48 | €5,006 | €50,000 | +€44,994 | +898.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €1,034,265 | - | -€1.0m | |
| Goods, raw materials, services and sundry goods | 60/61 | €585,906 | - | -€585,906 | |
| Remuneration, social security and pensions | 62 | €439,892 | €419,462 | -€20,430 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,005 | €8,037 | +€2,031 | +33.8% |
| Other operating charges | 640/8 | €9,085 | €3,133 | -€5,953 | -65.5% |
| Gross operating margin | 9900 | €477,329 | €493,289 | +€15,960 | +3.3% |
| Operating profit (loss) | 9901 | €22,346 | €62,658 | +€40,311 | +180.4% |
| Financial income | 75/76B | €3,528 | €1,910 | -€1,618 | -45.8% |
| Recurring financial income | 75 | €3,528 | €1,910 | -€1,618 | -45.8% |
| Financial charges | 65/66B | €7,582 | €8,313 | +€731 | +9.6% |
| Recurring financial charges | 65 | €7,582 | €8,313 | +€731 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €18,292 | €56,255 | +€37,963 | +207.5% |
| Income taxes | 67/77 | €4,007 | €417 | -€3,590 | -89.6% |
| Profit (loss) for the period | 9904 | €14,285 | €55,838 | +€41,553 | +290.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,285 | €55,838 | +€41,553 | +290.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.