LiBel: 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.
LiBel
Largest movements
- Cash +€26,863
up €26,863 (+35.4%), from €75,919 to €102,782
mainly Net result for the year (+€77,377) and Other debts (+€13,382)
- Tangible fixed assets -€8,340
down €8,340 (-87.9%), from €9,486 to €1,146
- Other debts +€13,382
up €13,382 (+14.9%), from €89,816 to €103,198
- Tax, wage and social debts +€5,161
up €5,161 (+144.9%), from €3,561 to €8,722
of which Remuneration and social security: +€3,093
- Depreciation -€10,787
down €10,787 (-56.4%), from €19,127 to €8,340
- Gross operating margin +€6,277
up €6,277 (+6.2%), from €100,907 to €107,184
- Taxes +€3,568
up €3,568 (+22.0%), from €16,253 to €19,822
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 | €97,080 | €116,054 | +€18,974 | +19.5% |
| Fixed assets | 21/28 | €9,486 | €1,146 | -€8,340 | -87.9% |
| Tangible fixed assets | 22/27 | €9,486 | €1,146 | -€8,340 | -87.9% |
| Furniture and vehicles | 24 | €9,486 | €1,146 | -€8,340 | -87.9% |
| Current assets | 29/58 | €87,594 | €114,908 | +€27,314 | +31.2% |
| Cash at bank and in hand | 54/58 | €75,919 | €102,782 | +€26,863 | +35.4% |
| Deferred charges and accrued income | 490/1 | €11,675 | €12,126 | +€451 | +3.9% |
| Total equity and liabilities | 10/49 | €97,080 | €116,054 | +€18,974 | +19.5% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,080 | €113,054 | +€18,974 | +20.2% |
| Amounts payable within one year | 42/48 | €94,080 | €113,054 | +€18,974 | +20.2% |
| Trade debts | 44 | €703 | €1,134 | +€432 | +61.4% |
| Suppliers | 440/4 | €703 | €1,134 | +€432 | +61.4% |
| Taxes, remuneration and social security | 45 | €3,561 | €8,722 | +€5,161 | +144.9% |
| Taxes | 450/3 | €3,561 | €5,629 | +€2,068 | +58.1% |
| Remuneration and social security | 454/9 | - | €3,093 | +€3,093 | |
| Other amounts payable | 47/48 | €89,816 | €103,198 | +€13,382 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,127 | €8,340 | -€10,787 | -56.4% |
| Other operating charges | 640/8 | €1,290 | €1,366 | +€76 | +5.9% |
| Gross operating margin | 9900 | €100,907 | €107,184 | +€6,277 | +6.2% |
| Operating profit (loss) | 9901 | €80,490 | €97,479 | +€16,989 | +21.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €241 | €281 | +€40 | +16.8% |
| Recurring financial charges | 65 | €241 | €281 | +€40 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €80,250 | €97,198 | +€16,949 | +21.1% |
| Income taxes | 67/77 | €16,253 | €19,822 | +€3,568 | +22.0% |
| Profit (loss) for the period | 9904 | €63,996 | €77,377 | +€13,380 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,996 | €77,377 | +€13,380 | +20.9% |
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 10 October 2026 via checked.be.