LIBBRECHT-DE LAET: 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-DE LAET
Largest movements
- Cash +€690,255
up €690,255 (+91.7%), from €752,889 to €1.4m
mainly Other debts (+€382,427) and Net result for the year (+€315,375)
- Receivables within one year +€48,543
up €48,543 (+649.9%), from €7,469 to €56,012
of which Trade receivables: +€50,399
- Other debts +€382,427
up €382,427 (+6764.4%), from €5,654 to €388,080
- Reserves +€315,375
up €315,375 (+33.2%), from €951,265 to €1.3m
- Tax, wage and social debts +€36,906
up €36,906 (+140.8%), from €26,208 to €63,114
of which Taxes: +€36,856
- Gross operating margin +€201,163
up €201,163 (+72.1%), from €279,112 to €480,275
- Taxes +€65,014
up €65,014 (+87.7%), from €74,158 to €139,172
- Financial income +€7,548
new in 2025: €7,548
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 | €1,004,565 | €1,739,757 | +€735,192 | +73.2% |
| Fixed assets | 21/28 | €244,206 | €231,237 | -€12,969 | -5.3% |
| Tangible fixed assets | 22/27 | €244,206 | €231,237 | -€12,969 | -5.3% |
| Land and buildings | 22 | €244,206 | €230,106 | -€14,100 | -5.8% |
| Furniture and vehicles | 24 | - | €1,131 | +€1,131 | |
| Current assets | 29/58 | €760,359 | €1,508,520 | +€748,161 | +98.4% |
| Amounts receivable within one year | 40/41 | €7,469 | €56,012 | +€48,543 | +649.9% |
| Trade receivables | 40 | €5,613 | €56,012 | +€50,399 | +897.9% |
| Other amounts receivable | 41 | €1,856 | €0 | -€1,856 | -100.0% |
| Cash at bank and in hand | 54/58 | €752,889 | €1,443,144 | +€690,255 | +91.7% |
| Deferred charges and accrued income | 490/1 | - | €9,364 | +€9,364 | |
| Total equity and liabilities | 10/49 | €1,004,565 | €1,739,757 | +€735,192 | +73.2% |
| Equity | 10/15 | €969,857 | €1,285,232 | +€315,375 | +32.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €951,265 | €1,266,640 | +€315,375 | +33.2% |
| Distributable reserves | 133 | €951,265 | €1,266,640 | +€315,375 | +33.2% |
| Amounts payable | 17/49 | €34,708 | €454,524 | +€419,817 | +1209.6% |
| Amounts payable within one year | 42/48 | €34,708 | €454,524 | +€419,817 | +1209.6% |
| Trade debts | 44 | €2,846 | €3,330 | +€484 | +17.0% |
| Suppliers | 440/4 | €2,846 | €3,330 | +€484 | +17.0% |
| Taxes, remuneration and social security | 45 | €26,208 | €63,114 | +€36,906 | +140.8% |
| Taxes | 450/3 | €20,610 | €57,466 | +€36,856 | +178.8% |
| Remuneration and social security | 454/9 | €5,598 | €5,648 | +€50 | +0.9% |
| Other amounts payable | 47/48 | €5,654 | €388,080 | +€382,427 | +6764.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,099 | €27,423 | +€1,325 | +5.1% |
| Other operating charges | 640/8 | €5,857 | €5,441 | -€416 | -7.1% |
| Gross operating margin | 9900 | €279,112 | €480,275 | +€201,163 | +72.1% |
| Operating profit (loss) | 9901 | €247,156 | €447,410 | +€200,255 | +81.0% |
| Financial income | 75/76B | - | €7,548 | +€7,548 | |
| Recurring financial income | 75 | - | €7,548 | +€7,548 | |
| Financial charges | 65/66B | €379 | €411 | +€33 | +8.6% |
| Recurring financial charges | 65 | €379 | €411 | +€33 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €246,777 | €454,547 | +€207,770 | +84.2% |
| Income taxes | 67/77 | €74,158 | €139,172 | +€65,014 | +87.7% |
| Profit (loss) for the period | 9904 | €172,619 | €315,375 | +€142,756 | +82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €172,619 | €315,375 | +€142,756 | +82.7% |
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 12 October 2026 via checked.be.