LIBBRECHT CONSULTANCY: 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.
LIBBRECHT CONSULTANCY
Largest movements
- Tangible fixed assets +€44,807
up €44,807 (+67.4%), from €66,511 to €111,318
of which Furniture and vehicles: +€45,670
- Receivables within one year -€33,894
down €33,894 (-82.0%), from €41,356 to €7,462
of which Trade receivables: -€38,008
- Cash +€6,196
up €6,196 (+29.4%), from €21,049 to €27,245
mainly Receivables within one year (+€33,894) and Debts after one year (+€28,313)
- Debts after one year +€28,313
up €28,313 (+66.9%), from €42,295 to €70,608
- Other debts -€24,420
down €24,420 (-58.5%), from €41,716 to €17,297
- Current portion of long-term debt +€15,294
up €15,294 (+91.6%), from €16,691 to €31,984
- Tax, wage and social debts -€4,036
down €4,036 (-37.3%), from €10,806 to €6,770
- Trade debts +€1,965
up €1,965 (+72.8%), from €2,700 to €4,665
- Gross operating margin -€16,922
down €16,922 (-27.9%), from €60,625 to €43,702
- Taxes +€1,085
up €1,085 (+24.1%), from €4,507 to €5,592
- Financial charges -€644
down €644 (-22.4%), from €2,869 to €2,225
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 | €133,520 | €150,157 | +€16,637 | +12.5% |
| Formation expenses | 20 | €840 | €419 | -€420 | -50.1% |
| Fixed assets | 21/28 | €66,604 | €111,411 | +€44,807 | +67.3% |
| Tangible fixed assets | 22/27 | €66,511 | €111,318 | +€44,807 | +67.4% |
| Plant, machinery and equipment | 23 | €1,440 | €577 | -€863 | -59.9% |
| Furniture and vehicles | 24 | €65,071 | €110,741 | +€45,670 | +70.2% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €66,077 | €38,328 | -€27,749 | -42.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €1,403 | €1,403 | = | 0.0% |
| Stocks | 30/36 | €1,403 | €1,403 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,356 | €7,462 | -€33,894 | -82.0% |
| Trade receivables | 40 | €39,862 | €1,855 | -€38,008 | -95.3% |
| Other amounts receivable | 41 | €1,494 | €5,608 | +€4,114 | +275.4% |
| Cash at bank and in hand | 54/58 | €21,049 | €27,245 | +€6,196 | +29.4% |
| Deferred charges and accrued income | 490/1 | €2,269 | €2,217 | -€52 | -2.3% |
| Total equity and liabilities | 10/49 | €133,520 | €150,157 | +€16,637 | +12.5% |
| Equity | 10/15 | €19,195 | €18,675 | -€520 | -2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €595 | €75 | -€520 | -87.4% |
| Amounts payable | 17/49 | €114,325 | €131,482 | +€17,157 | +15.0% |
| Amounts payable after more than one year | 17 | €42,295 | €70,608 | +€28,313 | +66.9% |
| Financial debts | 170/4 | €42,295 | €70,608 | +€28,313 | +66.9% |
| Amounts payable within one year | 42/48 | €71,915 | €60,716 | -€11,199 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €16,691 | €31,984 | +€15,294 | +91.6% |
| Financial debts | 43 | €2 | €0 | -€2 | -100.0% |
| Credit institutions | 430/8 | €2 | €0 | -€2 | -100.0% |
| Trade debts | 44 | €2,700 | €4,665 | +€1,965 | +72.8% |
| Suppliers | 440/4 | €2,700 | €4,665 | +€1,965 | +72.8% |
| Taxes, remuneration and social security | 45 | €10,806 | €6,770 | -€4,036 | -37.3% |
| Taxes | 450/3 | €10,806 | €6,770 | -€4,036 | -37.3% |
| Other amounts payable | 47/48 | €41,716 | €17,297 | -€24,420 | -58.5% |
| Accrued charges and deferred income | 492/3 | €115 | €158 | +€43 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,170 | €22,227 | +€57 | +0.3% |
| Other operating charges | 640/8 | €1,765 | €1,218 | -€548 | -31.0% |
| Gross operating margin | 9900 | €60,625 | €43,702 | -€16,922 | -27.9% |
| Operating profit (loss) | 9901 | €36,689 | €20,257 | -€16,432 | -44.8% |
| Financial income | 75/76B | €282 | €41 | -€241 | -85.4% |
| Recurring financial income | 75 | €282 | €41 | -€241 | -85.4% |
| Financial charges | 65/66B | €2,869 | €2,225 | -€644 | -22.4% |
| Recurring financial charges | 65 | €2,869 | €2,225 | -€644 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €34,102 | €18,073 | -€16,029 | -47.0% |
| Income taxes | 67/77 | €4,507 | €5,592 | +€1,085 | +24.1% |
| Profit (loss) for the period | 9904 | €29,595 | €12,480 | -€17,114 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,595 | €12,480 | -€17,114 | -57.8% |
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 30 September 2026 via checked.be.