LiBaWi: 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.
LiBaWi
Largest movements
- Cash +€114,266
up €114,266 (+185.6%), from €61,574 to €175,840
mainly Net result for the year (+€274,506) and Tax, wage and social debts (+€16,647)
- Reserves +€274,000
up €274,000 (+376.1%), from €72,860 to €346,860
- Debts after one year -€178,284
down €178,284 (-23.9%), from €744,498 to €566,214
- Financial income +€29,142
up €29,142 (+10.9%), from €267,859 to €297,001
- Gross operating margin +€25,446
up €25,446 (+176.5%), from €14,414 to €39,860
- Taxes +€23,401
up €23,401 (+931.3%), from €2,513 to €25,914
- Financial charges -€5,347
down €5,347 (-17.9%), from €29,940 to €24,594
- Depreciation +€411
up €411 (+4.7%), from €8,829 to €9,239
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 | €4,528,592 | €4,624,351 | +€95,759 | +2.1% |
| Fixed assets | 21/28 | €4,406,488 | €4,404,342 | -€2,145 | 0.0% |
| Tangible fixed assets | 22/27 | €159,773 | €157,627 | -€2,145 | -1.3% |
| Land and buildings | 22 | €151,663 | €144,271 | -€7,393 | -4.9% |
| Plant, machinery and equipment | 23 | €6,157 | €12,030 | +€5,873 | +95.4% |
| Furniture and vehicles | 24 | €1,952 | €1,326 | -€626 | -32.1% |
| Financial fixed assets | 28 | €4,246,715 | €4,246,715 | = | 0.0% |
| Current assets | 29/58 | €122,104 | €220,008 | +€97,904 | +80.2% |
| Amounts receivable within one year | 40/41 | €60,530 | €44,168 | -€16,362 | -27.0% |
| Trade receivables | 40 | €42,650 | €41,982 | -€668 | -1.6% |
| Other amounts receivable | 41 | €17,880 | €2,186 | -€15,694 | -87.8% |
| Cash at bank and in hand | 54/58 | €61,574 | €175,840 | +€114,266 | +185.6% |
| Total equity and liabilities | 10/49 | €4,528,592 | €4,624,351 | +€95,759 | +2.1% |
| Equity | 10/15 | €3,247,935 | €3,522,440 | +€274,506 | +8.5% |
| Contributions | 10/11 | €2,643,015 | €2,643,015 | = | 0.0% |
| Reserves | 13 | €72,860 | €346,860 | +€274,000 | +376.1% |
| Distributable reserves | 133 | €72,860 | €346,860 | +€274,000 | +376.1% |
| Profit (loss) carried forward | 14 | €532,060 | €532,565 | +€506 | +0.1% |
| Amounts payable | 17/49 | €1,280,657 | €1,101,910 | -€178,747 | -14.0% |
| Amounts payable after more than one year | 17 | €744,498 | €566,214 | -€178,284 | -23.9% |
| Financial debts | 170/4 | €744,498 | €566,214 | -€178,284 | -23.9% |
| Amounts payable within one year | 42/48 | €536,159 | €535,696 | -€463 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €194,457 | €178,284 | -€16,173 | -8.3% |
| Trade debts | 44 | €3,441 | €2,969 | -€472 | -13.7% |
| Suppliers | 440/4 | €3,441 | €2,969 | -€472 | -13.7% |
| Taxes, remuneration and social security | 45 | €15,568 | €32,216 | +€16,647 | +106.9% |
| Taxes | 450/3 | €9,192 | €26,020 | +€16,828 | +183.1% |
| Remuneration and social security | 454/9 | €6,376 | €6,196 | -€181 | -2.8% |
| Other amounts payable | 47/48 | €322,693 | €322,228 | -€466 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,829 | €9,239 | +€411 | +4.7% |
| Other operating charges | 640/8 | €2,336 | €2,608 | +€272 | +11.7% |
| Gross operating margin | 9900 | €14,414 | €39,860 | +€25,446 | +176.5% |
| Operating profit (loss) | 9901 | €3,250 | €28,013 | +€24,763 | +762.0% |
| Financial income | 75/76B | €267,859 | €297,001 | +€29,142 | +10.9% |
| Recurring financial income | 75 | €267,859 | €297,001 | +€29,142 | +10.9% |
| Financial charges | 65/66B | €29,940 | €24,594 | -€5,347 | -17.9% |
| Recurring financial charges | 65 | €29,940 | €24,594 | -€5,347 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €241,169 | €300,420 | +€59,251 | +24.6% |
| Income taxes | 67/77 | €2,513 | €25,914 | +€23,401 | +931.3% |
| Profit (loss) for the period | 9904 | €238,656 | €274,506 | +€35,850 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €238,656 | €274,506 | +€35,850 | +15.0% |
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.