LIBBRECHT STIJN: 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 STIJN
Largest movements
- Receivables within one year +€68,128
up €68,128 (+159.9%), from €42,616 to €110,745
of which Trade receivables: +€73,324
- Cash +€51,315
up €51,315 (+1135.8%), from €4,518 to €55,833
mainly Trade debts (+€74,325) and Depreciation (+€42,380)
- Tangible fixed assets -€33,387
down €33,387 (-6.5%), from €516,705 to €483,318
of which Land and buildings: -€17,892
- Trade debts +€74,325
up €74,325 (+123.6%), from €60,146 to €134,471
- Debts after one year -€44,016
down €44,016 (-18.2%), from €242,243 to €198,226
- Profit (loss) carried forward +€38,144
up €38,144 (+18.3%), from €208,359 to €246,502
- Other debts +€9,315
up €9,315 (+407.8%), from €2,284 to €11,599
- Turnover +€700,611
new in 2025: €700,611
- Purchases and services +€474,413
new in 2025: €474,413
- Gross operating margin -€11,759
down €11,759 (-4.7%), from €249,582 to €237,823
- Staff costs +€10,558
up €10,558 (+9.0%), from €117,722 to €128,280
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 | €593,878 | €677,109 | +€83,231 | +14.0% |
| Fixed assets | 21/28 | €516,705 | €483,318 | -€33,387 | -6.5% |
| Tangible fixed assets | 22/27 | €516,705 | €483,318 | -€33,387 | -6.5% |
| Land and buildings | 22 | €401,478 | €383,586 | -€17,892 | -4.5% |
| Plant, machinery and equipment | 23 | €40,878 | €42,465 | +€1,587 | +3.9% |
| Furniture and vehicles | 24 | €74,349 | €57,267 | -€17,082 | -23.0% |
| Current assets | 29/58 | €77,173 | €193,791 | +€116,618 | +151.1% |
| Stocks and contracts in progress | 3 | €23,975 | €17,937 | -€6,039 | -25.2% |
| Stocks | 30/36 | €23,975 | €17,937 | -€6,039 | -25.2% |
| Amounts receivable within one year | 40/41 | €42,616 | €110,745 | +€68,128 | +159.9% |
| Trade receivables | 40 | €745 | €74,069 | +€73,324 | +9839.9% |
| Other amounts receivable | 41 | €41,871 | €36,676 | -€5,196 | -12.4% |
| Cash at bank and in hand | 54/58 | €4,518 | €55,833 | +€51,315 | +1135.8% |
| Deferred charges and accrued income | 490/1 | €6,063 | €9,276 | +€3,213 | +53.0% |
| Total equity and liabilities | 10/49 | €593,878 | €677,109 | +€83,231 | +14.0% |
| Equity | 10/15 | €243,804 | €281,948 | +€38,144 | +15.6% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €445 | €445 | = | 0.0% |
| Tax-exempt reserves | 132 | €445 | €445 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,359 | €246,502 | +€38,144 | +18.3% |
| Amounts payable | 17/49 | €350,074 | €395,162 | +€45,088 | +12.9% |
| Amounts payable after more than one year | 17 | €242,243 | €198,226 | -€44,016 | -18.2% |
| Financial debts | 170/4 | €242,243 | €198,226 | -€44,016 | -18.2% |
| Amounts payable within one year | 42/48 | €107,832 | €196,936 | +€89,104 | +82.6% |
| Current portion of amounts payable after more than one year | 42 | €43,151 | €44,016 | +€865 | +2.0% |
| Trade debts | 44 | €60,146 | €134,471 | +€74,325 | +123.6% |
| Suppliers | 440/4 | €60,146 | €134,471 | +€74,325 | +123.6% |
| Taxes, remuneration and social security | 45 | €2,250 | €6,849 | +€4,599 | +204.4% |
| Taxes | 450/3 | €2,250 | €2,250 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €4,599 | +€4,599 | |
| Other amounts payable | 47/48 | €2,284 | €11,599 | +€9,315 | +407.8% |
| Turnover | 70 | - | €700,611 | +€700,611 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €474,413 | +€474,413 | |
| Remuneration, social security and pensions | 62 | €117,722 | €128,280 | +€10,558 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,556 | €42,380 | +€5,824 | +15.9% |
| Other operating charges | 640/8 | €3,079 | €3,387 | +€308 | +10.0% |
| Non-recurring operating charges | 66A | - | €102 | +€102 | |
| Gross operating margin | 9900 | €249,582 | €237,823 | -€11,759 | -4.7% |
| Operating profit (loss) | 9901 | €92,225 | €63,674 | -€28,551 | -31.0% |
| Financial income | 75/76B | €1,529 | €982 | -€546 | -35.7% |
| Recurring financial income | 75 | €1,529 | €982 | -€546 | -35.7% |
| Financial charges | 65/66B | €13,851 | €11,106 | -€2,745 | -19.8% |
| Recurring financial charges | 65 | €13,851 | €11,106 | -€2,745 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €79,903 | €53,550 | -€26,353 | -33.0% |
| Income taxes | 67/77 | €20,559 | €13,740 | -€6,819 | -33.2% |
| Profit (loss) for the period | 9904 | €59,344 | €39,810 | -€19,535 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,344 | €39,810 | -€19,535 | -32.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.