LIBECO: 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.
What changed
LIBECO
NACE 13.200, Manufacture of textiles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €1.5m+€371,280
Equity
€30.0m
2024 · €29.2m+€842,976
Cash
€1.9m
2024 · €1.2m+€782,827
Balance sheet total
€38.1m
2024 · €35.3m+€2.8m
Largest movements
Assets
- Current investments -€3.8m
down €3.8m (-100.0%), from €3.8m to €0
- Stocks and contracts +€3.4m
up €3.4m (+17.8%), from €19.3m to €22.8m
- Tangible fixed assets +€1.3m
up €1.3m (+24.6%), from €5.3m to €6.6m
of which Assets under construction and advance payments: +€752,226
- Receivables within one year +€1.1m
up €1.1m (+22.2%), from €5.0m to €6.1m
of which Trade receivables: +€933,909
- Cash +€782,827
up €782,827 (+67.5%), from €1.2m to €1.9m
mainly Current investments (+€3.8m) and Net result for the year (+€1.8m)
Equity and liabilities
- Trade debts +€1.4m
up €1.4m (+47.3%), from €3.0m to €4.5m
- Reserves +€842,976
up €842,976 (+3.2%), from €26.5m to €27.3m
of which Distributable reserves: +€732,322
- Tax, wage and social debts +€452,517
up €452,517 (+23.1%), from €2.0m to €2.4m
of which Remuneration and social security: +€431,281
Income statement
- Goods and materials +€5.9m
up €5.9m (+25.5%), from €23.0m to €28.9m
of which Purchases: +€10.4m
- Services and other goods +€2.3m
up €2.3m (+22.9%), from €10.0m to €12.3m
- Other operating income +€1.8m
up €1.8m (+161.9%), from €1.1m to €2.9m
- Staff costs +€1.5m
up €1.5m (+14.9%), from €10.3m to €11.8m
- Turnover +€1.4m
up €1.4m (+2.8%), from €50.5m to €52.0m
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.
Result 2024
€1.5m
Turnover
+€1.4m
Other operating income
+€1.8m
Goods and materials
-€5.9m
Services and other goods
-€2.3m
Staff costs
-€1.5m
Depreciation
+€135,050
Write-downs
+€258
Other operating charges
-€1,403
Other operating items
+€7.1m
Financial income
+€31,740
Financial charges
-€225,366
Taxes
-€186,454
Deferred taxes and other
-€37,202
Result 2025
€1.8m
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.
From operations
+€303,046
Investment
+€1.5m
Financing
-€983,599
Cash 2024
€1.2m
From operations (derived)
+€303,046
Net result for the year
+€1.8m
Depreciation
+€1.0m
Stocks and contracts
-€3.4m
Receivables within one year
-€1.1m
Deferred charges and accrued income
+€93,539
Provisions
+€36,885
Trade debts
+€1.4m
Tax, wage and social debts
+€452,517
Other debts
+€120,020
Accrued charges and deferred income
-€120,417
Investment (derived)
+€1.5m
Investment in fixed assets (net)
-€2.3m
Current investments
+€3.8m
Financing
-€983,599
Contributions, distributions and other
-€983,599
Cash 2025
€1.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,289,475 | €38,050,826 | +€2.8m | +7.8% |
| Fixed assets | 21/28 | €5,425,661 | €6,701,799 | +€1.3m | +23.5% |
| Intangible fixed assets | 21 | €85,791 | €51,737 | -€34,054 | -39.7% |
| Tangible fixed assets | 22/27 | €5,328,098 | €6,641,001 | +€1.3m | +24.6% |
| Land and buildings | 22 | €469,029 | €410,574 | -€58,455 | -12.5% |
| Plant, machinery and equipment | 23 | €3,636,831 | €4,294,563 | +€657,732 | +18.1% |
| Furniture and vehicles | 24 | €240,838 | €202,239 | -€38,599 | -16.0% |
| Assets under construction and advance payments | 27 | €981,400 | €1,733,626 | +€752,226 | +76.6% |
| Financial fixed assets | 28 | €11,772 | €9,061 | -€2,711 | -23.0% |
| Affiliated companies | 280/1 | €9,061 | €9,061 | = | 0.0% |
| Participating interests | 280 | €9,061 | €9,061 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,711 | €0 | -€2,711 | -100.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,711 | €0 | -€2,711 | -100.0% |
| Current assets | 29/58 | €29,863,815 | €31,349,027 | +€1.5m | +5.0% |
| Stocks and contracts in progress | 3 | €19,346,483 | €22,781,256 | +€3.4m | +17.8% |
| Stocks | 30/36 | €19,346,483 | €22,781,256 | +€3.4m | +17.8% |
| Raw materials and consumables | 30/31 | €4,127,596 | €5,991,875 | +€1.9m | +45.2% |
| Work in progress | 32 | €7,144,454 | €8,386,986 | +€1.2m | +17.4% |
| Finished goods | 33 | €8,074,433 | €8,402,395 | +€327,962 | +4.1% |
| Amounts receivable within one year | 40/41 | €5,006,502 | €6,117,653 | +€1.1m | +22.2% |
| Trade receivables | 40 | €4,734,077 | €5,667,985 | +€933,909 | +19.7% |
| Other amounts receivable | 41 | €272,425 | €449,668 | +€177,243 | +65.1% |
| Current investments | 50/53 | €3,750,000 | €0 | -€3.8m | -100.0% |
| Other investments | 51/53 | €3,750,000 | €0 | -€3.8m | -100.0% |
| Cash at bank and in hand | 54/58 | €1,158,979 | €1,941,806 | +€782,827 | +67.5% |
| Deferred charges and accrued income | 490/1 | €601,851 | €508,312 | -€93,539 | -15.5% |
| Total equity and liabilities | 10/49 | €35,289,475 | €38,050,826 | +€2.8m | +7.8% |
| Equity | 10/15 | €29,200,038 | €30,043,014 | +€842,976 | +2.9% |
| Contributions | 10/11 | €2,729,638 | €2,729,638 | = | 0.0% |
| Capital | 10 | €2,729,638 | €2,729,638 | = | 0.0% |
| Issued capital | 100 | €2,729,638 | €2,729,638 | = | 0.0% |
| Reserves | 13 | €26,470,401 | €27,313,377 | +€842,976 | +3.2% |
| Non-distributable reserves | 130/1 | €289,550 | €289,550 | = | 0.0% |
| Legal reserve | 130 | €272,964 | €272,964 | = | 0.0% |
| Other | 1319 | €16,587 | €16,587 | = | 0.0% |
| Tax-exempt reserves | 132 | €741,608 | €852,262 | +€110,654 | +14.9% |
| Distributable reserves | 133 | €25,439,242 | €26,171,564 | +€732,322 | +2.9% |
| Provisions and deferred taxes | 16 | €9,081 | €45,965 | +€36,885 | +406.2% |
| Deferred taxes | 168 | €9,081 | €45,965 | +€36,885 | +406.2% |
| Amounts payable | 17/49 | €6,080,356 | €7,961,846 | +€1.9m | +30.9% |
| Amounts payable within one year | 42/48 | €5,843,682 | €7,845,589 | +€2.0m | +34.3% |
| Trade debts | 44 | €3,020,839 | €4,450,210 | +€1.4m | +47.3% |
| Suppliers | 440/4 | €3,020,839 | €4,450,210 | +€1.4m | +47.3% |
| Taxes, remuneration and social security | 45 | €1,959,264 | €2,411,780 | +€452,517 | +23.1% |
| Taxes | 450/3 | €187,446 | €208,682 | +€21,236 | +11.3% |
| Remuneration and social security | 454/9 | €1,771,818 | €2,203,098 | +€431,281 | +24.3% |
| Other amounts payable | 47/48 | €863,579 | €983,599 | +€120,020 | +13.9% |
| Accrued charges and deferred income | 492/3 | €236,674 | €116,257 | -€120,417 | -50.9% |
| Operating income | 70/76A | €46,098,941 | €56,435,545 | +€10.3m | +22.4% |
| Turnover | 70 | €50,538,439 | €51,961,269 | +€1.4m | +2.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€5,548,139 | €1,570,494 | +€7.1m | |
| Other operating income | 74 | €1,108,640 | €2,903,783 | +€1.8m | +161.9% |
| Operating charges | 60/66A | €44,445,361 | €53,993,403 | +€9.5m | +21.5% |
| Goods for resale, raw materials and consumables | 60 | €23,001,283 | €28,857,749 | +€5.9m | +25.5% |
| Purchases | 600/8 | €20,363,834 | €30,722,029 | +€10.4m | +50.9% |
| Change in stocks: decrease (increase) | 609 | €2,637,449 | -€1,864,279 | -€4.5m | |
| Services and other goods | 61 | €10,003,373 | €12,293,615 | +€2.3m | +22.9% |
| Remuneration, social security and pensions | 62 | €10,270,101 | €11,805,340 | +€1.5m | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,145,533 | €1,010,482 | -€135,050 | -11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,922 | €15,664 | -€258 | -1.6% |
| Other operating charges | 640/8 | €9,149 | €10,552 | +€1,403 | +15.3% |
| Operating profit (loss) | 9901 | €1,653,580 | €2,442,143 | +€788,563 | +47.7% |
| Financial income | 75/76B | €947,590 | €979,331 | +€31,740 | +3.3% |
| Recurring financial income | 75 | €947,590 | €979,331 | +€31,740 | +3.3% |
| Income from financial fixed assets | 750 | €266,231 | €0 | -€266,231 | -100.0% |
| Income from current assets | 751 | €31,764 | €65,238 | +€33,473 | +105.4% |
| Other financial income | 752/9 | €649,595 | €914,093 | +€264,498 | +40.7% |
| Financial charges | 65/66B | €662,187 | €887,553 | +€225,366 | +34.0% |
| Recurring financial charges | 65 | €662,187 | €887,553 | +€225,366 | +34.0% |
| Debt charges | 650 | €54,925 | €3,756 | -€51,169 | -93.2% |
| Other financial charges | 652/9 | €607,262 | €883,797 | +€276,535 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €1,938,983 | €2,533,920 | +€594,937 | +30.7% |
| Transfer from deferred taxes | 780 | €3,443 | €1,865 | -€1,577 | -45.8% |
| Transfer to deferred taxes | 680 | €3,125 | €38,750 | +€35,625 | +1140.0% |
| Income taxes | 67/77 | €484,006 | €670,461 | +€186,454 | +38.5% |
| Taxes | 670/3 | €488,875 | €671,476 | +€182,601 | +37.4% |
| Tax adjustments and reversals of tax provisions | 77 | €4,869 | €1,016 | -€3,853 | -79.1% |
| Profit (loss) for the period | 9904 | €1,455,294 | €1,826,575 | +€371,280 | +25.5% |
| Transfer from tax-exempt reserves | 789 | €10,328 | €5,596 | -€4,732 | -45.8% |
| Transfer to tax-exempt reserves | 689 | €9,375 | €116,250 | +€106,875 | +1140.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,456,247 | €1,715,921 | +€259,673 | +17.8% |
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 29 September 2026 via checked.be.