LIBECCIO I: 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.
What changed
LIBECCIO I
NACE 35.110, Production of electricity from non-renewable sources
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€1.6m
2025 · €1.7m-€185,015
Equity
€12.0m
2025 · €12.0m-€47,199
Cash
€4.1m
2025 · €4.5m-€395,518
Balance sheet total
€29.7m
2025 · €32.0m-€2.3m
Largest movements
Assets
- Tangible fixed assets -€2.7m
down €2.7m (-10.6%), from €25.6m to €22.9m
- Receivables within one year +€996,364
up €996,364 (+89.7%), from €1.1m to €2.1m
of which Trade receivables: +€1.0m
- Cash -€395,518
down €395,518 (-8.7%), from €4.5m to €4.1m
mainly Debts after one year (-€2.2m) and Contributions, distributions and other (-€1.6m)
Equity and liabilities
- Debts after one year -€2.2m
down €2.2m (-15.4%), from €14.4m to €12.1m
- Tax, wage and social debts +€572,502
new in 2026: €572,502
- Current portion of long-term debt -€486,838
down €486,838 (-17.7%), from €2.7m to €2.3m
Income statement
- Other operating income -€335,428
no longer reported in 2026 (was €335,428)
- Depreciation -€228,505
down €228,505 (-7.3%), from €3.1m to €2.9m
- Services and other goods +€134,631
up €134,631 (+5.1%), from €2.6m to €2.8m
- Turnover +€101,948
up €101,948 (+1.2%), from €8.5m to €8.6m
- Financial income -€100,649
down €100,649 (-100.0%), from €100,649 to €0
From the 2025 result to the 2026 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.
Result 2025
€1.7m
Turnover
+€101,948
Other operating income
-€335,428
Services and other goods
-€134,631
Depreciation
+€228,505
Provisions
+€1,226
Other operating charges
-€31,487
Financial income
-€100,649
Financial charges
+€94,541
Taxes
-€9,040
Result 2026
€1.6m
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.9m
Investment
€0
Financing
-€4.3m
Cash 2025
€4.5m
From operations (derived)
+€3.9m
Net result for the year
+€1.6m
Depreciation
+€2.9m
Receivables within one year
-€996,364
Deferred charges and accrued income
-€21,324
Provisions
+€159,869
Trade debts
-€115,042
Tax, wage and social debts
+€572,502
Other debts
-€140,000
Accrued charges and deferred income
-€14,011
Financing
-€4.3m
Debts after one year
-€2.2m
Current portion of long-term debt
-€486,838
Contributions, distributions and other
-€1.6m
Cash 2026
€4.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,990,403 | €29,714,601 | -€2.3m | -7.1% |
| Fixed assets | 21/28 | €26,039,696 | €23,141,725 | -€2.9m | -11.1% |
| Intangible fixed assets | 21 | €412,961 | €226,250 | -€186,711 | -45.2% |
| Tangible fixed assets | 22/27 | €25,616,735 | €22,905,475 | -€2.7m | -10.6% |
| Plant, machinery and equipment | 23 | €25,616,735 | €22,905,475 | -€2.7m | -10.6% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €5,950,706 | €6,572,876 | +€622,169 | +10.5% |
| Amounts receivable within one year | 40/41 | €1,111,382 | €2,107,746 | +€996,364 | +89.7% |
| Trade receivables | 40 | €1,078,046 | €2,107,746 | +€1.0m | +95.5% |
| Other amounts receivable | 41 | €33,336 | - | -€33,336 | |
| Cash at bank and in hand | 54/58 | €4,526,804 | €4,131,286 | -€395,518 | -8.7% |
| Deferred charges and accrued income | 490/1 | €312,520 | €333,844 | +€21,324 | +6.8% |
| Total equity and liabilities | 10/49 | €31,990,403 | €29,714,601 | -€2.3m | -7.1% |
| Equity | 10/15 | €12,040,166 | €11,992,967 | -€47,199 | -0.4% |
| Contributions | 10/11 | €10,582,141 | €10,582,141 | = | 0.0% |
| Capital | 10 | €10,582,141 | €10,582,141 | = | 0.0% |
| Issued capital | 100 | €10,582,141 | €10,582,141 | = | 0.0% |
| Reserves | 13 | €1,058,214 | €1,058,214 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,058,214 | €1,058,214 | = | 0.0% |
| Legal reserve | 130 | €1,058,214 | €1,058,214 | = | 0.0% |
| Profit (loss) carried forward | 14 | €399,810 | €352,612 | -€47,199 | -11.8% |
| Provisions and deferred taxes | 16 | €733,194 | €893,063 | +€159,869 | +21.8% |
| Provisions for liabilities and charges | 160/5 | €733,194 | €893,063 | +€159,869 | +21.8% |
| Environmental obligations | 163 | €733,194 | €893,063 | +€159,869 | +21.8% |
| Amounts payable | 17/49 | €19,217,044 | €16,828,571 | -€2.4m | -12.4% |
| Amounts payable after more than one year | 17 | €14,353,953 | €12,148,869 | -€2.2m | -15.4% |
| Financial debts | 170/4 | €14,353,953 | €12,148,869 | -€2.2m | -15.4% |
| Other loans | 174 | €14,353,953 | €12,148,869 | -€2.2m | -15.4% |
| Amounts payable within one year | 42/48 | €4,833,914 | €4,664,536 | -€169,378 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €2,745,511 | €2,258,673 | -€486,838 | -17.7% |
| Trade debts | 44 | €348,403 | €233,360 | -€115,042 | -33.0% |
| Suppliers | 440/4 | €348,403 | €233,360 | -€115,042 | -33.0% |
| Taxes, remuneration and social security | 45 | - | €572,502 | +€572,502 | |
| Taxes | 450/3 | - | €572,502 | +€572,502 | |
| Other amounts payable | 47/48 | €1,740,000 | €1,600,000 | -€140,000 | -8.0% |
| Accrued charges and deferred income | 492/3 | €29,177 | €15,167 | -€14,011 | -48.0% |
| Operating income | 70/76A | €8,839,212 | €8,605,732 | -€233,480 | -2.6% |
| Turnover | 70 | €8,503,784 | €8,605,732 | +€101,948 | +1.2% |
| Other operating income | 74 | €335,428 | - | -€335,428 | |
| Operating charges | 60/66A | €5,918,934 | €5,855,320 | -€63,613 | -1.1% |
| Services and other goods | 61 | €2,628,977 | €2,763,608 | +€134,631 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,126,477 | €2,897,971 | -€228,505 | -7.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €161,095 | €159,869 | -€1,226 | -0.8% |
| Other operating charges | 640/8 | €2,385 | €33,872 | +€31,487 | +1,320% |
| Operating profit (loss) | 9901 | €2,920,278 | €2,750,412 | -€169,867 | -5.8% |
| Financial income | 75/76B | €100,649 | €0 | -€100,649 | -100.0% |
| Recurring financial income | 75 | €100,649 | €0 | -€100,649 | -100.0% |
| Income from current assets | 751 | €100,649 | - | -€100,649 | |
| Other financial income | 752/9 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €726,440 | €631,899 | -€94,541 | -13.0% |
| Recurring financial charges | 65 | €726,440 | €631,899 | -€94,541 | -13.0% |
| Debt charges | 650 | €726,217 | €631,511 | -€94,706 | -13.0% |
| Other financial charges | 652/9 | €223 | €388 | +€165 | +74.1% |
| Profit (loss) for the period before taxes | 9903 | €2,294,488 | €2,118,513 | -€175,975 | -7.7% |
| Income taxes | 67/77 | €556,672 | €565,712 | +€9,040 | +1.6% |
| Taxes | 670/3 | €573,622 | €565,712 | -€7,910 | -1.4% |
| Tax adjustments and reversals of tax provisions | 77 | €16,950 | - | -€16,950 | |
| Profit (loss) for the period | 9904 | €1,737,816 | €1,552,801 | -€185,015 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,737,816 | €1,552,801 | -€185,015 | -10.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.