LIBI: 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.
LIBI
Largest movements
- Receivables within one year +€31,253
up €31,253 (+119.5%), from €26,160 to €57,413
of which Trade receivables: +€30,839
- Cash +€7,850
up €7,850 (+11.0%), from €71,244 to €79,094
mainly Net result for the year (+€49,149) and Depreciation (+€2,869)
- Tangible fixed assets +€7,631
up €7,631 (+132.8%), from €5,748 to €13,379
of which Plant, machinery and equipment: +€8,351
- Deferred charges and accrued income +€2,963
new in 2025: €2,963
- Profit (loss) carried forward +€49,149
up €49,149 (+57.8%), from €85,022 to €134,171
- Tax, wage and social debts -€3,485
down €3,485 (-47.5%), from €7,333 to €3,847
- Trade debts +€2,351
up €2,351 (+181.4%), from €1,296 to €3,647
- Other debts +€1,682
up €1,682 (+25.3%), from €6,652 to €8,334
- Gross operating margin +€5,167
up €5,167 (+8.5%), from €60,857 to €66,024
- Depreciation +€1,922
up €1,922 (+202.8%), from €948 to €2,869
- Other operating charges -€1,539
down €1,539 (-79.6%), from €1,934 to €395
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 | €103,302 | €152,999 | +€49,697 | +48.1% |
| Fixed assets | 21/28 | €5,898 | €13,529 | +€7,631 | +129.4% |
| Tangible fixed assets | 22/27 | €5,748 | €13,379 | +€7,631 | +132.8% |
| Plant, machinery and equipment | 23 | €2,408 | €10,758 | +€8,351 | +346.8% |
| Furniture and vehicles | 24 | €3,340 | €2,620 | -€720 | -21.6% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €97,404 | €139,470 | +€42,066 | +43.2% |
| Amounts receivable within one year | 40/41 | €26,160 | €57,413 | +€31,253 | +119.5% |
| Trade receivables | 40 | €25,894 | €56,733 | +€30,839 | +119.1% |
| Other amounts receivable | 41 | €266 | €680 | +€413 | +155.2% |
| Cash at bank and in hand | 54/58 | €71,244 | €79,094 | +€7,850 | +11.0% |
| Deferred charges and accrued income | 490/1 | - | €2,963 | +€2,963 | |
| Total equity and liabilities | 10/49 | €103,302 | €152,999 | +€49,697 | +48.1% |
| Equity | 10/15 | €88,022 | €137,171 | +€49,149 | +55.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,022 | €134,171 | +€49,149 | +57.8% |
| Amounts payable | 17/49 | €15,280 | €15,828 | +€547 | +3.6% |
| Amounts payable within one year | 42/48 | €15,280 | €15,828 | +€547 | +3.6% |
| Trade debts | 44 | €1,296 | €3,647 | +€2,351 | +181.4% |
| Suppliers | 440/4 | €1,296 | €3,647 | +€2,351 | +181.4% |
| Taxes, remuneration and social security | 45 | €7,333 | €3,847 | -€3,485 | -47.5% |
| Taxes | 450/3 | €7,333 | €3,847 | -€3,485 | -47.5% |
| Other amounts payable | 47/48 | €6,652 | €8,334 | +€1,682 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €948 | €2,869 | +€1,922 | +202.8% |
| Other operating charges | 640/8 | €1,934 | €395 | -€1,539 | -79.6% |
| Gross operating margin | 9900 | €60,857 | €66,024 | +€5,167 | +8.5% |
| Operating profit (loss) | 9901 | €57,975 | €62,760 | +€4,784 | +8.3% |
| Financial income | 75/76B | €60 | €30 | -€30 | -50.0% |
| Recurring financial income | 75 | €60 | €30 | -€30 | -50.0% |
| Financial charges | 65/66B | €1,769 | €1,314 | -€455 | -25.7% |
| Recurring financial charges | 65 | €1,769 | €1,314 | -€455 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €56,266 | €61,476 | +€5,209 | +9.3% |
| Income taxes | 67/77 | €11,920 | €12,326 | +€407 | +3.4% |
| Profit (loss) for the period | 9904 | €44,347 | €49,149 | +€4,803 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,347 | €49,149 | +€4,803 | +10.8% |
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 7 October 2026 via checked.be.