LIBECCIO: 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.
LIBECCIO
Largest movements
- Cash +€162,048
up €162,048 (+356%), from €45,531 to €207,579
mainly Investment in fixed assets (net) (+€91,429) and Net result for the year (+€39,096)
- Tangible fixed assets -€98,511
down €98,511 (-6.2%), from €1.6m to €1.5m
of which Land and buildings: -€92,889
- Receivables within one year -€26,137
down €26,137 (-94.7%), from €27,591 to €1,454
of which Trade receivables: -€23,888
- Profit (loss) carried forward +€39,096
up €39,096 (+47.0%), from -€83,147 to -€44,051
- Gross operating margin +€27,834
up €27,834 (+134%), from €20,757 to €48,591
- Financial charges -€1,390
down €1,390 (-53.4%), from €2,602 to €1,212
- Depreciation +€782
up €782 (+12.4%), from €6,300 to €7,082
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.
Derived cash bridge
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 | €1,674,337 | €1,712,767 | +€38,430 | +2.3% |
| Fixed assets | 21/28 | €1,599,281 | €1,500,770 | -€98,511 | -6.2% |
| Tangible fixed assets | 22/27 | €1,599,281 | €1,500,770 | -€98,511 | -6.2% |
| Land and buildings | 22 | €1,582,486 | €1,489,597 | -€92,889 | -5.9% |
| Furniture and vehicles | 24 | €12,523 | €9,037 | -€3,486 | -27.8% |
| Other tangible fixed assets | 26 | €4,272 | €2,136 | -€2,136 | -50.0% |
| Current assets | 29/58 | €75,056 | €211,996 | +€136,940 | +182% |
| Amounts receivable within one year | 40/41 | €27,591 | €1,454 | -€26,137 | -94.7% |
| Trade receivables | 40 | €24,438 | €550 | -€23,888 | -97.7% |
| Other amounts receivable | 41 | €3,153 | €904 | -€2,249 | -71.3% |
| Cash at bank and in hand | 54/58 | €45,531 | €207,579 | +€162,048 | +356% |
| Deferred charges and accrued income | 490/1 | €1,935 | €2,963 | +€1,029 | +53.2% |
| Total equity and liabilities | 10/49 | €1,674,337 | €1,712,767 | +€38,430 | +2.3% |
| Equity | 10/15 | €1,669,802 | €1,708,898 | +€39,096 | +2.3% |
| Contributions | 10/11 | €1,700,000 | €1,700,000 | = | 0.0% |
| Reserves | 13 | €52,949 | €52,949 | = | 0.0% |
| Distributable reserves | 133 | €52,949 | €52,949 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,147 | -€44,051 | +€39,096 | +47.0% |
| Amounts payable | 17/49 | €4,535 | €3,869 | -€666 | -14.7% |
| Amounts payable within one year | 42/48 | €2,623 | €3,120 | +€497 | +19.0% |
| Trade debts | 44 | €346 | €892 | +€546 | +158% |
| Suppliers | 440/4 | €346 | €892 | +€546 | +158% |
| Taxes, remuneration and social security | 45 | €197 | €205 | +€8 | +4.2% |
| Taxes | 450/3 | €197 | €205 | +€8 | +4.2% |
| Other amounts payable | 47/48 | €2,081 | €2,023 | -€57 | -2.8% |
| Accrued charges and deferred income | 492/3 | €1,912 | €749 | -€1,163 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,300 | €7,082 | +€782 | +12.4% |
| Other operating charges | 640/8 | €960 | €997 | +€37 | +3.8% |
| Gross operating margin | 9900 | €20,757 | €48,591 | +€27,834 | +134% |
| Operating profit (loss) | 9901 | €13,497 | €40,512 | +€27,015 | +200% |
| Financial income | 75/76B | €0 | €1 | +€1 | +383% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +383% |
| Financial charges | 65/66B | €2,602 | €1,212 | -€1,390 | -53.4% |
| Recurring financial charges | 65 | €2,602 | €1,212 | -€1,390 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €10,895 | €39,301 | +€28,406 | +261% |
| Income taxes | 67/77 | €165 | €205 | +€40 | +24.0% |
| Profit (loss) for the period | 9904 | €10,730 | €39,096 | +€28,366 | +264% |
| Profit (loss) for the period to be appropriated | 9905 | €10,730 | €39,096 | +€28,366 | +264% |
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 17 October 2026 via checked.be.