LIBEER MICHAEL: 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.
LIBEER MICHAEL
Largest movements
- Receivables within one year -€15,618
down €15,618 (-32.2%), from €48,457 to €32,839
of which Other amounts receivable: -€20,217
- Cash +€13,734
up €13,734 (+39.4%), from €34,886 to €48,621
mainly Net result for the year (+€24,243) and Receivables within one year (+€15,618)
- Current investments +€4,000
new in 2025: €4,000
- Tangible fixed assets +€1,324
up €1,324 (+96.0%), from €1,380 to €2,703
of which Furniture and vehicles: +€1,589
- Trade debts +€2,081
up €2,081 (+31.3%), from €6,651 to €8,732
- Reserves +€1,701
up €1,701 (+2.9%), from €58,000 to €59,701
- Profit (loss) carried forward -€987
no longer reported in 2025 (was €987)
- Taxes +€4,128
up €4,128 (+98.2%), from €4,204 to €8,332
- Gross operating margin +€1,108
up €1,108 (+3.3%), from €34,093 to €35,201
- Financial income -€865
down €865 (-96.4%), from €897 to €32
- Other operating charges +€530
up €530 (+52.9%), from €1,001 to €1,531
- Staff costs +€379
new in 2025: €379
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 | €85,619 | €89,281 | +€3,662 | +4.3% |
| Fixed assets | 21/28 | €1,380 | €2,703 | +€1,324 | +96.0% |
| Tangible fixed assets | 22/27 | €1,380 | €2,703 | +€1,324 | +96.0% |
| Plant, machinery and equipment | 23 | €1,380 | €1,115 | -€265 | -19.2% |
| Furniture and vehicles | 24 | €0 | €1,589 | +€1,589 | |
| Current assets | 29/58 | €84,240 | €86,578 | +€2,338 | +2.8% |
| Amounts receivable within one year | 40/41 | €48,457 | €32,839 | -€15,618 | -32.2% |
| Trade receivables | 40 | €22,773 | €27,372 | +€4,599 | +20.2% |
| Other amounts receivable | 41 | €25,684 | €5,467 | -€20,217 | -78.7% |
| Current investments | 50/53 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €34,886 | €48,621 | +€13,734 | +39.4% |
| Deferred charges and accrued income | 490/1 | €896 | €1,118 | +€222 | +24.8% |
| Total equity and liabilities | 10/49 | €85,619 | €89,281 | +€3,662 | +4.3% |
| Equity | 10/15 | €71,387 | €72,101 | +€713 | +1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €58,000 | €59,701 | +€1,701 | +2.9% |
| Distributable reserves | 133 | €58,000 | €59,701 | +€1,701 | +2.9% |
| Profit (loss) carried forward | 14 | €987 | - | -€987 | |
| Amounts payable | 17/49 | €14,232 | €17,181 | +€2,949 | +20.7% |
| Amounts payable within one year | 42/48 | €14,232 | €17,181 | +€2,949 | +20.7% |
| Trade debts | 44 | €6,651 | €8,732 | +€2,081 | +31.3% |
| Suppliers | 440/4 | €6,651 | €8,732 | +€2,081 | +31.3% |
| Taxes, remuneration and social security | 45 | €7,581 | €8,449 | +€868 | +11.4% |
| Taxes | 450/3 | €7,581 | €8,449 | +€868 | +11.4% |
| Remuneration, social security and pensions | 62 | - | €379 | +€379 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433 | €576 | +€143 | +32.9% |
| Other operating charges | 640/8 | €1,001 | €1,531 | +€530 | +52.9% |
| Gross operating margin | 9900 | €34,093 | €35,201 | +€1,108 | +3.3% |
| Operating profit (loss) | 9901 | €32,658 | €32,715 | +€56 | +0.2% |
| Financial income | 75/76B | €897 | €32 | -€865 | -96.4% |
| Recurring financial income | 75 | €897 | €32 | -€865 | -96.4% |
| Financial charges | 65/66B | €304 | €173 | -€131 | -43.1% |
| Recurring financial charges | 65 | €304 | €173 | -€131 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €33,252 | €32,574 | -€677 | -2.0% |
| Income taxes | 67/77 | €4,204 | €8,332 | +€4,128 | +98.2% |
| Profit (loss) for the period | 9904 | €29,048 | €24,243 | -€4,805 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,048 | €24,243 | -€4,805 | -16.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.