LIBELCO: 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.
What changed
LIBELCO
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€25,034
2023 · €24,337+€697
Equity
€407,720
2023 · €402,531+€5,188
Cash
€11,233
2023 · €30,507-€19,275
Balance sheet total
€1.7m
2023 · €3.0m-€1.3m
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-53.2%), from €2.4m to €1.1m
of which Trade receivables: -€1.4m
Equity and liabilities
- Trade debts -€1.2m
down €1.2m (-51.4%), from €2.4m to €1.2m
- Tax, wage and social debts -€37,456
down €37,456 (-43.7%), from €85,634 to €48,178
of which Taxes: -€22,836
Income statement
- Gross operating margin -€47,402
down €47,402 (-8.6%), from €549,295 to €501,893
- Depreciation -€28,933
down €28,933 (-48.7%), from €59,444 to €30,511
- Staff costs -€9,138
down €9,138 (-2.3%), from €394,284 to €385,146
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.
Result 2023
€24,337
Gross operating margin
-€47,402
Staff costs
+€9,138
Depreciation
+€28,933
Other operating charges
+€5,371
Other operating items
+€1,178
Financial income
-€297
Financial charges
+€303
Taxes
+€3,473
Result 2024
€25,034
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.
From operations
+€23,629
Investment
-€2,000
Financing
-€40,904
Cash 2023
€30,507
From operations (derived)
+€23,629
Net result for the year
+€25,034
Depreciation
+€30,511
Stocks and contracts
+€5,327
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€25,578
Trade debts
-€1.2m
Tax, wage and social debts
-€37,456
Investment (derived)
-€2,000
Investment in fixed assets (net)
-€2,000
Financing
-€40,904
Debts after one year
-€12,486
Current portion of long-term debt
-€8,572
Contributions, distributions and other
-€19,846
Cash 2024
€11,233
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,968,586 | €1,666,358 | -€1.3m | -43.9% |
| Fixed assets | 21/28 | €471,149 | €442,637 | -€28,511 | -6.1% |
| Tangible fixed assets | 22/27 | €442,704 | €414,192 | -€28,511 | -6.4% |
| Furniture and vehicles | 24 | €442,704 | €414,192 | -€28,511 | -6.4% |
| Financial fixed assets | 28 | €28,445 | €28,445 | = | 0.0% |
| Current assets | 29/58 | €2,497,437 | €1,223,721 | -€1.3m | -51.0% |
| Stocks and contracts in progress | 3 | €63,929 | €58,603 | -€5,327 | -8.3% |
| Stocks | 30/36 | €63,929 | €58,603 | -€5,327 | -8.3% |
| Amounts receivable within one year | 40/41 | €2,394,000 | €1,119,307 | -€1.3m | -53.2% |
| Trade receivables | 40 | €2,139,515 | €765,289 | -€1.4m | -64.2% |
| Other amounts receivable | 41 | €254,485 | €354,019 | +€99,534 | +39.1% |
| Cash at bank and in hand | 54/58 | €30,507 | €11,233 | -€19,275 | -63.2% |
| Deferred charges and accrued income | 490/1 | €9,000 | €34,578 | +€25,578 | +284.2% |
| Total equity and liabilities | 10/49 | €2,968,586 | €1,666,358 | -€1.3m | -43.9% |
| Equity | 10/15 | €402,531 | €407,720 | +€5,188 | +1.3% |
| Contributions | 10/11 | €155,553 | €155,553 | = | 0.0% |
| Capital | 10 | €155,553 | €155,553 | = | 0.0% |
| Issued capital | 100 | €155,553 | €155,553 | = | 0.0% |
| Reserves | 13 | €45,892 | €45,892 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45,892 | €45,892 | = | 0.0% |
| Legal reserve | 130 | €15,555 | €15,555 | = | 0.0% |
| Other | 1319 | €30,336 | €30,336 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,086 | €206,275 | +€5,188 | +2.6% |
| Amounts payable | 17/49 | €2,566,055 | €1,258,639 | -€1.3m | -51.0% |
| Amounts payable after more than one year | 17 | €41,470 | €28,984 | -€12,486 | -30.1% |
| Other amounts payable | 178/9 | €41,470 | €28,984 | -€12,486 | -30.1% |
| Amounts payable within one year | 42/48 | €2,524,585 | €1,229,655 | -€1.3m | -51.3% |
| Current portion of amounts payable after more than one year | 42 | €9,622 | €1,050 | -€8,572 | -89.1% |
| Trade debts | 44 | €2,429,329 | €1,180,427 | -€1.2m | -51.4% |
| Suppliers | 440/4 | €2,429,329 | €1,180,427 | -€1.2m | -51.4% |
| Taxes, remuneration and social security | 45 | €85,634 | €48,178 | -€37,456 | -43.7% |
| Taxes | 450/3 | €22,836 | - | -€22,836 | |
| Remuneration and social security | 454/9 | €62,798 | €48,178 | -€14,620 | -23.3% |
| Remuneration, social security and pensions | 62 | €394,284 | €385,146 | -€9,138 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,444 | €30,511 | -€28,933 | -48.7% |
| Other operating charges | 640/8 | €64,520 | €59,149 | -€5,371 | -8.3% |
| Non-recurring operating charges | 66A | €1,178 | - | -€1,178 | |
| Gross operating margin | 9900 | €549,295 | €501,893 | -€47,402 | -8.6% |
| Operating profit (loss) | 9901 | €29,869 | €27,086 | -€2,783 | -9.3% |
| Financial income | 75/76B | €297 | - | -€297 | |
| Recurring financial income | 75 | €297 | - | -€297 | |
| Financial charges | 65/66B | €2,355 | €2,052 | -€303 | -12.9% |
| Recurring financial charges | 65 | €2,355 | €2,052 | -€303 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €27,811 | €25,034 | -€2,776 | -10.0% |
| Income taxes | 67/77 | €3,473 | - | -€3,473 | |
| Profit (loss) for the period | 9904 | €24,337 | €25,034 | +€697 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,337 | €25,034 | +€697 | +2.9% |
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 28 September 2026 via checked.be.