Libbrecht Louis: 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 Louis
Largest movements
- Cash -€87,419
down €87,419 (-56.8%), from €154,014 to €66,595
mainly Contributions, distributions and other (-€572,706) and Receivables within one year (-€67,444)
- Receivables within one year +€67,444
up €67,444 (+29.7%), from €227,433 to €294,876
- Tangible fixed assets +€6,971
new in 2025: €6,971
- Other debts +€248,453
up €248,453 (+6917.8%), from €3,592 to €252,045
- Reserves -€238,000
down €238,000 (-68.0%), from €350,000 to €112,000
- Tax, wage and social debts -€22,426
down €22,426 (-86.5%), from €25,926 to €3,500
of which Taxes: -€25,926
- Gross operating margin -€17,819
down €17,819 (-3.9%), from €459,406 to €441,586
- Taxes -€5,619
down €5,619 (-5.1%), from €110,926 to €105,307
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 | €384,531 | €375,059 | -€9,473 | -2.5% |
| Fixed assets | 21/28 | - | €6,971 | +€6,971 | |
| Tangible fixed assets | 22/27 | - | €6,971 | +€6,971 | |
| Furniture and vehicles | 24 | - | €6,971 | +€6,971 | |
| Current assets | 29/58 | €384,531 | €368,087 | -€16,444 | -4.3% |
| Amounts receivable within one year | 40/41 | €227,433 | €294,876 | +€67,444 | +29.7% |
| Other amounts receivable | 41 | €227,433 | €294,876 | +€67,444 | +29.7% |
| Cash at bank and in hand | 54/58 | €154,014 | €66,595 | -€87,419 | -56.8% |
| Deferred charges and accrued income | 490/1 | €3,084 | €6,615 | +€3,531 | +114.5% |
| Total equity and liabilities | 10/49 | €384,531 | €375,059 | -€9,473 | -2.5% |
| Equity | 10/15 | €354,547 | €116,600 | -€237,947 | -67.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €350,000 | €112,000 | -€238,000 | -68.0% |
| Distributable reserves | 133 | €350,000 | €112,000 | -€238,000 | -68.0% |
| Profit (loss) carried forward | 14 | €1,047 | €1,100 | +€53 | +5.1% |
| Amounts payable | 17/49 | €29,984 | €258,459 | +€228,474 | +762.0% |
| Amounts payable within one year | 42/48 | €29,984 | €258,445 | +€228,460 | +761.9% |
| Trade debts | 44 | €467 | €2,900 | +€2,433 | +520.7% |
| Suppliers | 440/4 | €467 | €2,900 | +€2,433 | +520.7% |
| Taxes, remuneration and social security | 45 | €25,926 | €3,500 | -€22,426 | -86.5% |
| Taxes | 450/3 | €25,926 | €0 | -€25,926 | -100.0% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €3,592 | €252,045 | +€248,453 | +6917.8% |
| Accrued charges and deferred income | 492/3 | - | €14 | +€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €100 | +€100 | |
| Other operating charges | 640/8 | €654 | €849 | +€194 | +29.7% |
| Gross operating margin | 9900 | €459,406 | €441,586 | -€17,819 | -3.9% |
| Operating profit (loss) | 9901 | €458,751 | €440,638 | -€18,113 | -3.9% |
| Financial income | 75/76B | €169 | €25 | -€144 | -85.2% |
| Recurring financial income | 75 | €169 | €25 | -€144 | -85.2% |
| Financial charges | 65/66B | €1,053 | €597 | -€456 | -43.3% |
| Recurring financial charges | 65 | €1,053 | €597 | -€456 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €457,868 | €440,066 | -€17,802 | -3.9% |
| Income taxes | 67/77 | €110,926 | €105,307 | -€5,619 | -5.1% |
| Profit (loss) for the period | 9904 | €346,942 | €334,759 | -€12,183 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €346,942 | €334,759 | -€12,183 | -3.5% |
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 4 October 2026 via checked.be.