LIBELLIA: 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.
What changed
LIBELLIA
NACE 43.341, Painting of buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€58,842
2024 · €69,990-€11,148
Equity
€240,249
2024 · €181,407+€58,842
Cash
€110,776
2024 · €72,334+€38,442
Balance sheet total
€1.2m
2024 · €1.2m-€7,643
Largest movements
Assets
- Tangible fixed assets -€50,083
down €50,083 (-4.7%), from €1.1m to €1.0m
of which Leasing and similar rights: -€28,283
- Cash +€38,442
up €38,442 (+53.1%), from €72,334 to €110,776
mainly Net result for the year (+€58,842) and Depreciation (+€57,125)
Equity and liabilities
- Debts after one year -€66,398
down €66,398 (-8.8%), from €757,576 to €691,178
- Reserves +€58,842
up €58,842 (+37.4%), from €157,411 to €216,253
of which Distributable reserves: +€60,214
Income statement
- Gross operating margin -€46,232
down €46,232 (-20.7%), from €223,844 to €177,612
- Financial charges -€22,585
down €22,585 (-46.9%), from €48,144 to €25,560
- Depreciation -€14,023
down €14,023 (-19.7%), from €71,148 to €57,125
- Taxes +€13,834
up €13,834 (+115%), from €12,061 to €25,894
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.
Result 2024
€69,990
Gross operating margin
-€46,232
Staff costs
-€820
Depreciation
+€14,023
Other operating charges
+€1,486
Financial income
+€328
Financial charges
+€22,585
Taxes
-€13,834
Deferred taxes and other
+€11,315
Result 2025
€58,842
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€110,516
Investment
-€7,042
Financing
-€65,031
Cash 2024
€72,334
From operations (derived)
+€110,516
Net result for the year
+€58,842
Depreciation
+€57,125
Receivables within one year
-€3,940
Deferred charges and accrued income
-€58
Provisions
-€343
Trade debts
-€4,567
Tax, wage and social debts
+€11,178
Other debts
-€7,722
Investment (derived)
-€7,042
Investment in fixed assets (net)
-€7,042
Financing
-€65,031
Debts after one year
-€66,398
Current portion of long-term debt
+€1,367
Cash 2025
€110,776
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,186,790 | €1,179,147 | -€7,643 | -0.6% |
| Fixed assets | 21/28 | €1,102,756 | €1,052,672 | -€50,083 | -4.5% |
| Tangible fixed assets | 22/27 | €1,072,756 | €1,022,672 | -€50,083 | -4.7% |
| Land and buildings | 22 | €950,627 | €929,181 | -€21,446 | -2.3% |
| Plant, machinery and equipment | 23 | €3,345 | €3,354 | +€10 | +0.3% |
| Furniture and vehicles | 24 | €397 | €34 | -€364 | -91.5% |
| Leasing and similar rights | 25 | €118,386 | €90,103 | -€28,283 | -23.9% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €84,035 | €126,475 | +€42,440 | +50.5% |
| Amounts receivable within one year | 40/41 | €9,409 | €13,349 | +€3,940 | +41.9% |
| Trade receivables | 40 | €1,470 | €8,349 | +€6,879 | +468% |
| Other amounts receivable | 41 | €7,939 | €5,000 | -€2,939 | -37.0% |
| Cash at bank and in hand | 54/58 | €72,334 | €110,776 | +€38,442 | +53.1% |
| Deferred charges and accrued income | 490/1 | €2,292 | €2,350 | +€58 | +2.5% |
| Total equity and liabilities | 10/49 | €1,186,790 | €1,179,147 | -€7,643 | -0.6% |
| Equity | 10/15 | €181,407 | €240,249 | +€58,842 | +32.4% |
| Contributions | 10/11 | €23,996 | €23,996 | = | 0.0% |
| Contributions outside capital | 11 | €23,996 | - | -€23,996 | |
| Other | 1109/19 | €23,996 | - | -€23,996 | |
| Reserves | 13 | €157,411 | €216,253 | +€58,842 | +37.4% |
| Non-distributable reserves | 130/1 | €1,284 | €1,284 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,284 | €1,284 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,890 | €42,518 | -€1,372 | -3.1% |
| Distributable reserves | 133 | €112,238 | €172,451 | +€60,214 | +53.6% |
| Provisions and deferred taxes | 16 | €10,972 | €10,629 | -€343 | -3.1% |
| Deferred taxes | 168 | €10,972 | €10,629 | -€343 | -3.1% |
| Amounts payable | 17/49 | €994,411 | €928,269 | -€66,142 | -6.7% |
| Amounts payable after more than one year | 17 | €757,576 | €691,178 | -€66,398 | -8.8% |
| Financial debts | 170/4 | €757,576 | €691,178 | -€66,398 | -8.8% |
| Amounts payable within one year | 42/48 | €236,135 | €236,391 | +€256 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €81,317 | €82,683 | +€1,367 | +1.7% |
| Trade debts | 44 | €5,546 | €979 | -€4,567 | -82.3% |
| Suppliers | 440/4 | €5,546 | €979 | -€4,567 | -82.3% |
| Taxes, remuneration and social security | 45 | €2,963 | €14,141 | +€11,178 | +377% |
| Taxes | 450/3 | €2,963 | €13,492 | +€10,529 | +355% |
| Remuneration and social security | 454/9 | - | €649 | +€649 | |
| Other amounts payable | 47/48 | €146,309 | €138,587 | -€7,722 | -5.3% |
| Accrued charges and deferred income | 492/3 | €700 | €700 | = | 0.0% |
| Non-recurring operating income | 76A | €94,273 | €0 | -€94,273 | -100% |
| Remuneration, social security and pensions | 62 | €1,677 | €2,497 | +€820 | +48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,148 | €57,125 | -€14,023 | -19.7% |
| Other operating charges | 640/8 | €10,196 | €8,710 | -€1,486 | -14.6% |
| Gross operating margin | 9900 | €223,844 | €177,612 | -€46,232 | -20.7% |
| Operating profit (loss) | 9901 | €140,823 | €109,280 | -€31,543 | -22.4% |
| Financial income | 75/76B | €345 | €673 | +€328 | +95.2% |
| Recurring financial income | 75 | €345 | €673 | +€328 | +95.2% |
| Financial charges | 65/66B | €48,144 | €25,560 | -€22,585 | -46.9% |
| Recurring financial charges | 65 | €48,144 | €25,560 | -€22,585 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €93,023 | €84,393 | -€8,630 | -9.3% |
| Transfer from deferred taxes | 780 | €343 | €343 | = | 0.0% |
| Transfer to deferred taxes | 680 | €11,315 | €0 | -€11,315 | -100% |
| Income taxes | 67/77 | €12,061 | €25,894 | +€13,834 | +115% |
| Profit (loss) for the period | 9904 | €69,990 | €58,842 | -€11,148 | -15.9% |
| Transfer from tax-exempt reserves | 789 | €1,372 | €1,372 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €45,261 | €0 | -€45,261 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €26,101 | €60,214 | +€34,113 | +131% |
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 13 October 2026 via checked.be.