LIBENTIS: 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.
LIBENTIS
Largest movements
- Cash -€41,761
down €41,761 (-59.6%), from €70,052 to €28,292
mainly Contributions, distributions and other (-€33,200) and Other debts (-€18,514)
- Receivables within one year +€9,574
up €9,574 (+59.1%), from €16,186 to €25,760
of which Trade receivables: +€9,438
- Other debts -€18,514
down €18,514 (-28.7%), from €64,597 to €46,083
- Tax, wage and social debts -€13,418
down €13,418 (-69.8%), from €19,220 to €5,803
of which Taxes: -€13,418
- Gross operating margin -€30,688
down €30,688 (-41.9%), from €73,182 to €42,494
- Taxes -€6,136
down €6,136 (-41.1%), from €14,946 to €8,810
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 | €86,238 | €54,784 | -€31,454 | -36.5% |
| Fixed assets | 21/28 | - | €733 | +€733 | |
| Tangible fixed assets | 22/27 | - | €733 | +€733 | |
| Furniture and vehicles | 24 | - | €733 | +€733 | |
| Current assets | 29/58 | €86,238 | €54,051 | -€32,187 | -37.3% |
| Amounts receivable within one year | 40/41 | €16,186 | €25,760 | +€9,574 | +59.1% |
| Trade receivables | 40 | €11,132 | €20,570 | +€9,438 | +84.8% |
| Other amounts receivable | 41 | €5,054 | €5,190 | +€136 | +2.7% |
| Cash at bank and in hand | 54/58 | €70,052 | €28,292 | -€41,761 | -59.6% |
| Total equity and liabilities | 10/49 | €86,238 | €54,784 | -€31,454 | -36.5% |
| Equity | 10/15 | €2,001 | €2,078 | +€76 | +3.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1 | €78 | +€76 | +5691.0% |
| Amounts payable | 17/49 | €84,237 | €52,707 | -€31,530 | -37.4% |
| Amounts payable within one year | 42/48 | €83,817 | €52,707 | -€31,110 | -37.1% |
| Trade debts | 44 | - | €821 | +€821 | |
| Suppliers | 440/4 | - | €821 | +€821 | |
| Taxes, remuneration and social security | 45 | €19,220 | €5,803 | -€13,418 | -69.8% |
| Taxes | 450/3 | €19,220 | €5,803 | -€13,418 | -69.8% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €64,597 | €46,083 | -€18,514 | -28.7% |
| Accrued charges and deferred income | 492/3 | €420 | €0 | -€420 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15 | €223 | +€208 | +1371.8% |
| Other operating charges | 640/8 | €279 | €58 | -€221 | -79.2% |
| Non-recurring operating charges | 66A | €25 | €0 | -€25 | -100.0% |
| Gross operating margin | 9900 | €73,182 | €42,494 | -€30,688 | -41.9% |
| Operating profit (loss) | 9901 | €72,862 | €42,213 | -€30,649 | -42.1% |
| Financial charges | 65/66B | €411 | €127 | -€285 | -69.2% |
| Recurring financial charges | 65 | €411 | €127 | -€285 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €72,451 | €42,086 | -€30,364 | -41.9% |
| Income taxes | 67/77 | €14,946 | €8,810 | -€6,136 | -41.1% |
| Profit (loss) for the period | 9904 | €57,505 | €33,276 | -€24,229 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,505 | €33,276 | -€24,229 | -42.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.