LIBEL - CAR: 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.
LIBEL - CAR
Largest movements
- Receivables within one year -€110,474
down €110,474 (-85.1%), from €129,878 to €19,403
of which Trade receivables: -€115,137
- Tangible fixed assets +€49,220
up €49,220 (+8.8%), from €561,197 to €610,418
of which Other tangible fixed assets: +€72,165
- Stocks and contracts +€12,650
up €12,650 (+5.1%), from €247,550 to €260,200
- Trade debts -€105,422
down €105,422 (-98.5%), from €107,030 to €1,608
- Other debts -€62,696
no longer reported in 2024 (was €62,696)
- Short-term financial debts +€55,453
up €55,453 (+29.2%), from €189,842 to €245,296
- Profit (loss) carried forward +€48,793
up €48,793 (+490.2%), from €9,953 to €58,746
- Current portion of long-term debt +€37,253
up €37,253 (+36.4%), from €102,311 to €139,563
- Gross operating margin +€81,682
up €81,682 (+93.4%), from €87,420 to €169,102
- Staff costs +€29,562
up €29,562 (+152.4%), from €19,392 to €48,955
- Financial charges +€19,776
up €19,776 (+132.0%), from €14,979 to €34,755
- Depreciation +€2,491
up €2,491 (+7.6%), from €32,881 to €35,371
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €953,356 | €904,419 | -€48,937 | -5.1% |
| Fixed assets | 21/28 | €561,835 | €611,056 | +€49,220 | +8.8% |
| Tangible fixed assets | 22/27 | €561,197 | €610,418 | +€49,220 | +8.8% |
| Land and buildings | 22 | €505,058 | €482,605 | -€22,453 | -4.4% |
| Plant, machinery and equipment | 23 | - | €1,592 | +€1,592 | |
| Furniture and vehicles | 24 | €8,161 | €6,077 | -€2,083 | -25.5% |
| Other tangible fixed assets | 26 | €47,979 | €120,144 | +€72,165 | +150.4% |
| Financial fixed assets | 28 | €638 | €638 | = | 0.0% |
| Current assets | 29/58 | €391,521 | €293,363 | -€98,157 | -25.1% |
| Stocks and contracts in progress | 3 | €247,550 | €260,200 | +€12,650 | +5.1% |
| Stocks | 30/36 | €247,550 | €260,200 | +€12,650 | +5.1% |
| Amounts receivable within one year | 40/41 | €129,878 | €19,403 | -€110,474 | -85.1% |
| Trade receivables | 40 | €115,137 | - | -€115,137 | |
| Other amounts receivable | 41 | €14,741 | €19,403 | +€4,663 | +31.6% |
| Cash at bank and in hand | 54/58 | €14,093 | €13,760 | -€333 | -2.4% |
| Total equity and liabilities | 10/49 | €953,356 | €904,419 | -€48,937 | -5.1% |
| Equity | 10/15 | €304,306 | €353,099 | +€48,793 | +16.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €232,353 | €232,353 | = | 0.0% |
| Non-distributable reserves | 130/1 | €214 | €214 | = | 0.0% |
| Reserves not available under the articles | 1311 | €214 | €214 | = | 0.0% |
| Tax-exempt reserves | 132 | €232,138 | €232,138 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,953 | €58,746 | +€48,793 | +490.2% |
| Provisions and deferred taxes | 16 | €119,824 | €119,824 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €119,824 | €119,824 | = | 0.0% |
| Other liabilities and charges | 164/5 | €119,824 | €119,824 | = | 0.0% |
| Amounts payable | 17/49 | €529,225 | €431,496 | -€97,730 | -18.5% |
| Amounts payable after more than one year | 17 | €60,378 | €38,902 | -€21,476 | -35.6% |
| Financial debts | 170/4 | €60,378 | €38,902 | -€21,476 | -35.6% |
| Amounts payable within one year | 42/48 | €468,847 | €392,594 | -€76,254 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €102,311 | €139,563 | +€37,253 | +36.4% |
| Financial debts | 43 | €189,842 | €245,296 | +€55,453 | +29.2% |
| Credit institutions | 430/8 | €189,842 | €245,296 | +€55,453 | +29.2% |
| Trade debts | 44 | €107,030 | €1,608 | -€105,422 | -98.5% |
| Suppliers | 440/4 | €107,030 | €1,608 | -€105,422 | -98.5% |
| Taxes, remuneration and social security | 45 | €6,968 | €6,127 | -€841 | -12.1% |
| Taxes | 450/3 | €1,952 | €2,053 | +€101 | +5.2% |
| Remuneration and social security | 454/9 | €5,016 | €4,074 | -€942 | -18.8% |
| Other amounts payable | 47/48 | €62,696 | - | -€62,696 | |
| Remuneration, social security and pensions | 62 | €19,392 | €48,955 | +€29,562 | +152.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,881 | €35,371 | +€2,491 | +7.6% |
| Other operating charges | 640/8 | €1,460 | €1,228 | -€232 | -15.9% |
| Gross operating margin | 9900 | €87,420 | €169,102 | +€81,682 | +93.4% |
| Operating profit (loss) | 9901 | €33,687 | €83,548 | +€49,861 | +148.0% |
| Financial charges | 65/66B | €14,979 | €34,755 | +€19,776 | +132.0% |
| Recurring financial charges | 65 | €14,979 | €34,755 | +€19,776 | +132.0% |
| Profit (loss) for the period before taxes | 9903 | €18,707 | €48,793 | +€30,086 | +160.8% |
| Income taxes | 67/77 | €1,346 | - | -€1,346 | |
| Profit (loss) for the period | 9904 | €17,361 | €48,793 | +€31,432 | +181.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,361 | €48,793 | +€31,432 | +181.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.