LIBEKO: 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.
LIBEKO
Largest movements
- Cash -€27,170
down €27,170 (-25.2%), from €107,982 to €80,812
mainly Tax, wage and social debts (-€47,251) and Net result for the year (-€1,538)
- Tangible fixed assets -€11,040
down €11,040 (-23.5%), from €46,934 to €35,894
of which Furniture and vehicles: -€7,005
- Receivables within one year -€9,243
down €9,243 (-15.0%), from €61,758 to €52,515
of which Trade receivables: -€8,900
- Deferred charges and accrued income -€2,489
no longer reported in 2025 (was €2,489)
- Tax, wage and social debts -€47,251
down €47,251 (-63.7%), from €74,206 to €26,955
of which Taxes: -€56,228
- Taxes -€38,489
down €38,489 (-99.9%), from €38,537 to €48
- Staff costs -€14,222
down €14,222 (-5.9%), from €239,685 to €225,463
- Gross operating margin -€13,445
down €13,445 (-5.4%), from €249,719 to €236,274
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 | €238,746 | €189,844 | -€48,902 | -20.5% |
| Fixed assets | 21/28 | €46,934 | €35,894 | -€11,040 | -23.5% |
| Tangible fixed assets | 22/27 | €46,934 | €35,894 | -€11,040 | -23.5% |
| Plant, machinery and equipment | 23 | €4,035 | - | -€4,035 | |
| Furniture and vehicles | 24 | €42,899 | €35,894 | -€7,005 | -16.3% |
| Current assets | 29/58 | €191,812 | €153,950 | -€37,862 | -19.7% |
| Amounts receivable after more than one year | 29 | €4,973 | €4,973 | = | 0.0% |
| Trade receivables | 290 | €4,973 | €4,973 | = | 0.0% |
| Stocks and contracts in progress | 3 | €14,610 | €15,650 | +€1,040 | +7.1% |
| Stocks | 30/36 | €14,610 | €15,650 | +€1,040 | +7.1% |
| Amounts receivable within one year | 40/41 | €61,758 | €52,515 | -€9,243 | -15.0% |
| Trade receivables | 40 | €61,415 | €52,515 | -€8,900 | -14.5% |
| Other amounts receivable | 41 | €343 | - | -€343 | |
| Cash at bank and in hand | 54/58 | €107,982 | €80,812 | -€27,170 | -25.2% |
| Deferred charges and accrued income | 490/1 | €2,489 | - | -€2,489 | |
| Total equity and liabilities | 10/49 | €238,746 | €189,844 | -€48,902 | -20.5% |
| Equity | 10/15 | €160,844 | €159,306 | -€1,538 | -1.0% |
| Reserves | 13 | €40,638 | €39,560 | -€1,078 | -2.7% |
| Tax-exempt reserves | 132 | €1,078 | - | -€1,078 | |
| Distributable reserves | 133 | €39,560 | €39,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,206 | €119,746 | -€460 | -0.4% |
| Provisions and deferred taxes | 16 | €359 | - | -€359 | |
| Deferred taxes | 168 | €359 | - | -€359 | |
| Amounts payable | 17/49 | €77,543 | €30,538 | -€47,005 | -60.6% |
| Amounts payable within one year | 42/48 | €77,543 | €30,538 | -€47,005 | -60.6% |
| Trade debts | 44 | €3,337 | €3,583 | +€246 | +7.4% |
| Suppliers | 440/4 | €3,337 | €3,583 | +€246 | +7.4% |
| Taxes, remuneration and social security | 45 | €74,206 | €26,955 | -€47,251 | -63.7% |
| Taxes | 450/3 | €56,228 | - | -€56,228 | |
| Remuneration and social security | 454/9 | €17,978 | €26,955 | +€8,977 | +49.9% |
| Remuneration, social security and pensions | 62 | €239,685 | €225,463 | -€14,222 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,108 | €12,486 | +€2,378 | +23.5% |
| Other operating charges | 640/8 | €185 | €335 | +€150 | +81.1% |
| Gross operating margin | 9900 | €249,719 | €236,274 | -€13,445 | -5.4% |
| Operating profit (loss) | 9901 | -€259 | -€2,010 | -€1,751 | -676% |
| Financial income | 75/76B | €248 | €407 | +€159 | +64.1% |
| Recurring financial income | 75 | €248 | €407 | +€159 | +64.1% |
| Financial charges | 65/66B | €290 | €247 | -€43 | -14.8% |
| Recurring financial charges | 65 | €290 | €247 | -€43 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€301 | -€1,850 | -€1,549 | -515% |
| Transfer from deferred taxes | 780 | €32,045 | €360 | -€31,685 | -98.9% |
| Income taxes | 67/77 | €38,537 | €48 | -€38,489 | -99.9% |
| Profit (loss) for the period | 9904 | -€6,793 | -€1,538 | +€5,255 | +77.4% |
| Transfer from tax-exempt reserves | 789 | €96,133 | €1,078 | -€95,055 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €89,340 | -€460 | -€89,800 |
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 15 October 2026 via checked.be.