Libeer Christophe BV: 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.
Libeer Christophe BV
Largest movements
- Receivables after one year -€220,948
down €220,948 (-58.6%), from €377,343 to €156,395
- Tangible fixed assets +€44,553
up €44,553 (+8.0%), from €559,368 to €603,921
of which Furniture and vehicles: +€44,333
- Cash -€40,987
down €40,987 (-59.3%), from €69,071 to €28,083
mainly Contributions, distributions and other (-€340,879) and Investment in fixed assets (net) (-€109,578)
- Current investments +€36,000
up €36,000 (+36.4%), from €99,000 to €134,999
- Receivables within one year -€20,598
down €20,598 (-18.1%), from €113,501 to €92,902
of which Trade receivables: -€20,580
- Reserves -€191,808
down €191,808 (-20.9%), from €919,187 to €727,379
of which Distributable reserves: -€183,165
- Debts after one year -€21,346
down €21,346 (-10.1%), from €210,814 to €189,467
- Gross operating margin +€23,875
up €23,875 (+9.0%), from €264,825 to €288,699
- Depreciation +€20,456
up €20,456 (+45.5%), from €44,991 to €65,447
- Taxes +€3,746
up €3,746 (+5.8%), from €65,116 to €68,861
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 | €1,229,576 | €1,020,444 | -€209,132 | -17.0% |
| Fixed assets | 21/28 | €561,054 | €605,185 | +€44,131 | +7.9% |
| Intangible fixed assets | 21 | €1,686 | €1,264 | -€421 | -25.0% |
| Tangible fixed assets | 22/27 | €559,368 | €603,921 | +€44,553 | +8.0% |
| Land and buildings | 22 | €546,973 | €548,188 | +€1,214 | +0.2% |
| Plant, machinery and equipment | 23 | €3,054 | €2,059 | -€995 | -32.6% |
| Furniture and vehicles | 24 | €6,891 | €51,225 | +€44,333 | +643% |
| Other tangible fixed assets | 26 | €2,450 | €2,450 | = | 0.0% |
| Current assets | 29/58 | €668,523 | €415,259 | -€253,264 | -37.9% |
| Amounts receivable after more than one year | 29 | €377,343 | €156,395 | -€220,948 | -58.6% |
| Other amounts receivable | 291 | €377,343 | €156,395 | -€220,948 | -58.6% |
| Amounts receivable within one year | 40/41 | €113,501 | €92,902 | -€20,598 | -18.1% |
| Trade receivables | 40 | €113,482 | €92,902 | -€20,580 | -18.1% |
| Other amounts receivable | 41 | €18 | - | -€18 | |
| Current investments | 50/53 | €99,000 | €134,999 | +€36,000 | +36.4% |
| Cash at bank and in hand | 54/58 | €69,071 | €28,083 | -€40,987 | -59.3% |
| Deferred charges and accrued income | 490/1 | €9,609 | €2,879 | -€6,730 | -70.0% |
| Total equity and liabilities | 10/49 | €1,229,576 | €1,020,444 | -€209,132 | -17.0% |
| Equity | 10/15 | €931,587 | €739,779 | -€191,808 | -20.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €919,187 | €727,379 | -€191,808 | -20.9% |
| Tax-exempt reserves | 132 | €8,643 | - | -€8,643 | |
| Distributable reserves | 133 | €910,544 | €727,379 | -€183,165 | -20.1% |
| Amounts payable | 17/49 | €297,990 | €280,665 | -€17,324 | -5.8% |
| Amounts payable after more than one year | 17 | €210,814 | €189,467 | -€21,346 | -10.1% |
| Financial debts | 170/4 | €210,814 | €189,467 | -€21,346 | -10.1% |
| Amounts payable within one year | 42/48 | €87,176 | €91,198 | +€4,022 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €52,274 | €60,729 | +€8,454 | +16.2% |
| Trade debts | 44 | €8,797 | €2,153 | -€6,644 | -75.5% |
| Suppliers | 440/4 | €8,797 | €2,153 | -€6,644 | -75.5% |
| Taxes, remuneration and social security | 45 | €26,105 | €28,316 | +€2,211 | +8.5% |
| Taxes | 450/3 | €26,105 | €28,316 | +€2,211 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,991 | €65,447 | +€20,456 | +45.5% |
| Other operating charges | 640/8 | €3,401 | €3,502 | +€101 | +3.0% |
| Non-recurring operating charges | 66A | €188 | - | -€188 | |
| Gross operating margin | 9900 | €264,825 | €288,699 | +€23,875 | +9.0% |
| Operating profit (loss) | 9901 | €216,245 | €219,750 | +€3,505 | +1.6% |
| Financial income | 75/76B | €9,420 | €7,802 | -€1,618 | -17.2% |
| Recurring financial income | 75 | €9,420 | €7,802 | -€1,618 | -17.2% |
| Financial charges | 65/66B | €10,398 | €9,619 | -€779 | -7.5% |
| Recurring financial charges | 65 | €10,398 | €9,619 | -€779 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €215,266 | €217,933 | +€2,667 | +1.2% |
| Income taxes | 67/77 | €65,116 | €68,861 | +€3,746 | +5.8% |
| Profit (loss) for the period | 9904 | €150,150 | €149,071 | -€1,079 | -0.7% |
| Transfer from tax-exempt reserves | 789 | - | €8,643 | +€8,643 | |
| Profit (loss) for the period to be appropriated | 9905 | €150,150 | €157,714 | +€7,564 | +5.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.