LIBBRECHT: 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.
LIBBRECHT
Largest movements
- Tangible fixed assets -€17,377
down €17,377 (-33.0%), from €52,606 to €35,229
- Cash -€16,836
down €16,836 (-7.6%), from €220,733 to €203,897
mainly Net result for the year (-€23,572) and Debts after one year (-€10,848)
- Profit (loss) carried forward -€23,572
down €23,572 (-24.6%), from -€95,822 to -€119,394
- Debts after one year -€10,848
down €10,848 (-4.9%), from €222,368 to €211,520
- Other operating charges -€16,745
no longer reported in 2025 (was €16,745)
- Gross operating margin -€14,694
down €14,694, from €2,799 to -€11,895
- Financial income -€8,358
down €8,358 (-50.3%), from €16,606 to €8,248
of which Non-recurring financial income: -€13,074
- Taxes +€1,987
up €1,987 (+408.8%), from €486 to €2,473
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 | €273,546 | €239,126 | -€34,420 | -12.6% |
| Fixed assets | 21/28 | €52,606 | €35,229 | -€17,377 | -33.0% |
| Tangible fixed assets | 22/27 | €52,606 | €35,229 | -€17,377 | -33.0% |
| Furniture and vehicles | 24 | €52,606 | €35,229 | -€17,377 | -33.0% |
| Current assets | 29/58 | €220,940 | €203,897 | -€17,043 | -7.7% |
| Amounts receivable within one year | 40/41 | €207 | - | -€207 | |
| Trade receivables | 40 | €207 | - | -€207 | |
| Cash at bank and in hand | 54/58 | €220,733 | €203,897 | -€16,836 | -7.6% |
| Total equity and liabilities | 10/49 | €273,546 | €239,126 | -€34,420 | -12.6% |
| Equity | 10/15 | €51,178 | €27,606 | -€23,572 | -46.1% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €125,000 | €125,000 | = | 0.0% |
| Distributable reserves | 133 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,822 | -€119,394 | -€23,572 | -24.6% |
| Amounts payable | 17/49 | €222,368 | €211,520 | -€10,848 | -4.9% |
| Amounts payable after more than one year | 17 | €222,368 | €211,520 | -€10,848 | -4.9% |
| Other amounts payable | 178/9 | €222,368 | €211,520 | -€10,848 | -4.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,376 | €17,377 | +€1 | 0.0% |
| Other operating charges | 640/8 | €16,745 | - | -€16,745 | |
| Gross operating margin | 9900 | €2,799 | -€11,895 | -€14,694 | |
| Operating profit (loss) | 9901 | -€31,322 | -€29,272 | +€2,050 | +6.5% |
| Financial income | 75/76B | €16,606 | €8,248 | -€8,358 | -50.3% |
| Recurring financial income | 75 | €3,532 | €8,248 | +€4,716 | +133.5% |
| Non-recurring financial income | 76B | €13,074 | - | -€13,074 | |
| Financial charges | 65/66B | €74 | €75 | +€1 | +1.4% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,790 | -€21,099 | -€6,309 | -42.7% |
| Income taxes | 67/77 | €486 | €2,473 | +€1,987 | +408.8% |
| Profit (loss) for the period | 9904 | -€15,276 | -€23,572 | -€8,296 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,276 | -€23,572 | -€8,296 | -54.3% |
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 11 October 2026 via checked.be.