LIBB-RECHT: 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.
LIBB-RECHT
Largest movements
- Cash +€47,222
up €47,222 (+1185.8%), from €3,982 to €51,204
mainly Depreciation (+€48,299) and Tax, wage and social debts (+€30,930)
- Receivables within one year +€26,865
up €26,865 (+71.7%), from €37,488 to €64,353
of which Trade receivables: +€27,404
- Tangible fixed assets -€21,836
down €21,836 (-14.8%), from €147,321 to €125,484
of which Leasing and similar rights: -€29,236
- Deferred charges and accrued income +€5,821
up €5,821 (+227.0%), from €2,565 to €8,385
- Tax, wage and social debts +€30,930
up €30,930 (+2398.9%), from €1,289 to €32,220
of which Taxes: +€28,126
- Debts after one year -€27,057
down €27,057 (-35.7%), from €75,784 to €48,726
- Other debts +€26,335
up €26,335 (+5138.8%), from €512 to €26,847
- Trade debts +€19,293
up €19,293 (+2661.6%), from €725 to €20,018
- Current portion of long-term debt +€8,571
up €8,571 (+24.1%), from €35,584 to €44,155
- Gross operating margin +€83,078
up €83,078 (+200.9%), from €41,355 to €124,434
- Staff costs +€28,559
new in 2025: €28,559
- Taxes +€9,361
up €9,361, from €0 to €9,361
- Depreciation +€5,726
up €5,726 (+13.4%), from €42,574 to €48,299
- Other operating charges +€4,821
up €4,821 (+417.0%), from €1,156 to €5,977
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 | €191,491 | €249,562 | +€58,071 | +30.3% |
| Fixed assets | 21/28 | €147,456 | €125,619 | -€21,836 | -14.8% |
| Tangible fixed assets | 22/27 | €147,321 | €125,484 | -€21,836 | -14.8% |
| Plant, machinery and equipment | 23 | €2,857 | €1,016 | -€1,841 | -64.4% |
| Furniture and vehicles | 24 | €53,377 | €61,673 | +€8,296 | +15.5% |
| Leasing and similar rights | 25 | €87,306 | €58,071 | -€29,236 | -33.5% |
| Other tangible fixed assets | 26 | €3,780 | €4,725 | +€944 | +25.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €44,035 | €123,943 | +€79,908 | +181.5% |
| Amounts receivable within one year | 40/41 | €37,488 | €64,353 | +€26,865 | +71.7% |
| Trade receivables | 40 | €36,859 | €64,262 | +€27,404 | +74.3% |
| Other amounts receivable | 41 | €629 | €91 | -€538 | -85.5% |
| Cash at bank and in hand | 54/58 | €3,982 | €51,204 | +€47,222 | +1185.8% |
| Deferred charges and accrued income | 490/1 | €2,565 | €8,385 | +€5,821 | +227.0% |
| Total equity and liabilities | 10/49 | €191,491 | €249,562 | +€58,071 | +30.3% |
| Equity | 10/15 | €77,597 | €77,597 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €72,597 | €72,597 | = | 0.0% |
| Distributable reserves | 133 | €72,597 | €72,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €113,894 | €171,966 | +€58,071 | +51.0% |
| Amounts payable after more than one year | 17 | €75,784 | €48,726 | -€27,057 | -35.7% |
| Financial debts | 170/4 | €75,784 | €48,726 | -€27,057 | -35.7% |
| Amounts payable within one year | 42/48 | €38,111 | €123,239 | +€85,128 | +223.4% |
| Current portion of amounts payable after more than one year | 42 | €35,584 | €44,155 | +€8,571 | +24.1% |
| Trade debts | 44 | €725 | €20,018 | +€19,293 | +2661.6% |
| Suppliers | 440/4 | €725 | €20,018 | +€19,293 | +2661.6% |
| Taxes, remuneration and social security | 45 | €1,289 | €32,220 | +€30,930 | +2398.9% |
| Taxes | 450/3 | €289 | €28,415 | +€28,126 | +9720.2% |
| Remuneration and social security | 454/9 | €1,000 | €3,805 | +€2,805 | +280.5% |
| Other amounts payable | 47/48 | €512 | €26,847 | +€26,335 | +5138.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €28,559 | +€28,559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,574 | €48,299 | +€5,726 | +13.4% |
| Other operating charges | 640/8 | €1,156 | €5,977 | +€4,821 | +417.0% |
| Gross operating margin | 9900 | €41,355 | €124,434 | +€83,078 | +200.9% |
| Operating profit (loss) | 9901 | -€2,374 | €41,599 | +€43,973 | |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €5,757 | €5,524 | -€233 | -4.0% |
| Recurring financial charges | 65 | €5,757 | €5,524 | -€233 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,132 | €36,102 | +€44,233 | |
| Income taxes | 67/77 | €0 | €9,361 | +€9,361 | |
| Profit (loss) for the period | 9904 | -€8,132 | €26,740 | +€34,872 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,132 | €26,740 | +€34,872 |
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 10 October 2026 via checked.be.