LIBENTER: 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.
LIBENTER
Largest movements
- Cash +€180,026
up €180,026 (+182.9%), from €98,416 to €278,441
mainly Net result for the year (+€146,921) and Depreciation (+€70,792)
- Tangible fixed assets -€76,592
down €76,592 (-44.2%), from €173,096 to €96,504
of which Plant, machinery and equipment: -€47,000
- Current investments +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
- Receivables within one year -€36,414
down €36,414 (-42.1%), from €86,524 to €50,111
of which Trade receivables: -€36,414
- Reserves +€82,461
up €82,461 (+19.3%), from €428,267 to €510,728
of which Distributable reserves: +€82,461
- Other debts +€55,924
up €55,924 (+294.9%), from €18,963 to €74,887
- Contributions -€51,600
down €51,600 (-83.9%), from €61,500 to €9,900
- Trade debts +€15,527
up €15,527 (+795.2%), from €1,953 to €17,480
- Tax, wage and social debts +€11,882
up €11,882 (+17.0%), from €69,698 to €81,580
of which Taxes: +€17,914
- Financial income +€164,744
up €164,744 (+3727248.2%), from €4 to €164,749
- Gross operating margin -€87,112
down €87,112 (-29.8%), from €292,195 to €205,083
- Taxes +€27,284
up €27,284 (+53.3%), from €51,220 to €78,504
- Depreciation +€16,267
up €16,267 (+29.8%), from €54,525 to €70,792
- Staff costs -€15,312
down €15,312 (-17.6%), from €86,983 to €71,671
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 | €611,462 | €725,656 | +€114,194 | +18.7% |
| Fixed assets | 21/28 | €173,696 | €97,104 | -€76,592 | -44.1% |
| Tangible fixed assets | 22/27 | €173,096 | €96,504 | -€76,592 | -44.2% |
| Plant, machinery and equipment | 23 | €113,583 | €66,583 | -€47,000 | -41.4% |
| Furniture and vehicles | 24 | €53,713 | €29,921 | -€23,792 | -44.3% |
| Other tangible fixed assets | 26 | €5,800 | - | -€5,800 | |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €437,766 | €628,552 | +€190,787 | +43.6% |
| Amounts receivable within one year | 40/41 | €86,524 | €50,111 | -€36,414 | -42.1% |
| Trade receivables | 40 | €85,536 | €49,122 | -€36,414 | -42.6% |
| Other amounts receivable | 41 | €988 | €988 | = | 0.0% |
| Current investments | 50/53 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €98,416 | €278,441 | +€180,026 | +182.9% |
| Deferred charges and accrued income | 490/1 | €2,825 | - | -€2,825 | |
| Total equity and liabilities | 10/49 | €611,462 | €725,656 | +€114,194 | +18.7% |
| Equity | 10/15 | €520,848 | €551,709 | +€30,861 | +5.9% |
| Contributions | 10/11 | €61,500 | €9,900 | -€51,600 | -83.9% |
| Capital | 10 | €61,500 | €9,900 | -€51,600 | -83.9% |
| Issued capital | 100 | €61,500 | €9,900 | -€51,600 | -83.9% |
| Reserves | 13 | €428,267 | €510,728 | +€82,461 | +19.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €413,617 | €496,078 | +€82,461 | +19.9% |
| Profit (loss) carried forward | 14 | €31,082 | €31,082 | = | 0.0% |
| Amounts payable | 17/49 | €90,613 | €173,947 | +€83,334 | +92.0% |
| Amounts payable within one year | 42/48 | €90,613 | €173,947 | +€83,334 | +92.0% |
| Trade debts | 44 | €1,953 | €17,480 | +€15,527 | +795.2% |
| Suppliers | 440/4 | €1,953 | €17,480 | +€15,527 | +795.2% |
| Taxes, remuneration and social security | 45 | €69,698 | €81,580 | +€11,882 | +17.0% |
| Taxes | 450/3 | €63,665 | €81,580 | +€17,914 | +28.1% |
| Remuneration and social security | 454/9 | €6,033 | - | -€6,033 | |
| Other amounts payable | 47/48 | €18,963 | €74,887 | +€55,924 | +294.9% |
| Remuneration, social security and pensions | 62 | €86,983 | €71,671 | -€15,312 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,525 | €70,792 | +€16,267 | +29.8% |
| Other operating charges | 640/8 | €1,631 | €1,512 | -€119 | -7.3% |
| Gross operating margin | 9900 | €292,195 | €205,083 | -€87,112 | -29.8% |
| Operating profit (loss) | 9901 | €149,056 | €61,109 | -€87,948 | -59.0% |
| Financial income | 75/76B | €4 | €164,749 | +€164,744 | +3727248.2% |
| Recurring financial income | 75 | €4 | €164,749 | +€164,744 | +3727248.2% |
| Financial charges | 65/66B | €1,634 | €432 | -€1,202 | -73.5% |
| Recurring financial charges | 65 | €1,634 | €432 | -€1,202 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | €147,426 | €225,425 | +€77,999 | +52.9% |
| Income taxes | 67/77 | €51,220 | €78,504 | +€27,284 | +53.3% |
| Profit (loss) for the period | 9904 | €96,206 | €146,921 | +€50,715 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,206 | €146,921 | +€50,715 | +52.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.