LIBICA: 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.
LIBICA
Largest movements
- Stocks and contracts -€108,567
down €108,567 (-12.7%), from €854,046 to €745,479
- Cash -€57,966
down €57,966 (-54.4%), from €106,614 to €48,648
mainly Trade debts (-€92,714) and Debts after one year (-€65,819)
- Receivables within one year -€41,869
down €41,869 (-28.9%), from €144,850 to €102,981
of which Other amounts receivable: -€72,735
- Trade debts -€92,714
down €92,714 (-41.6%), from €223,135 to €130,421
- Debts after one year -€65,819
down €65,819 (-35.9%), from €183,247 to €117,428
of which Financial debts: -€65,819
- Tax, wage and social debts +€44,355
up €44,355 (+71.2%), from €62,317 to €106,672
of which Remuneration and social security: +€36,295
- Current portion of long-term debt -€41,646
down €41,646 (-38.8%), from €107,470 to €65,823
- Profit (loss) carried forward -€38,341
down €38,341 (-6.9%), from €556,508 to €518,167
- Gross operating margin -€147,540
down €147,540 (-28.2%), from €522,470 to €374,930
- Financial income +€58,583
up €58,583 (+481.4%), from €12,170 to €70,752
- Staff costs +€35,712
up €35,712 (+9.0%), from €398,481 to €434,193
- Taxes -€23,550
down €23,550 (-100.0%), from €23,559 to €9
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 | €1,536,094 | €1,312,803 | -€223,292 | -14.5% |
| Formation expenses | 20 | €16,636 | €9,245 | -€7,391 | -44.4% |
| Fixed assets | 21/28 | €413,600 | €395,393 | -€18,207 | -4.4% |
| Intangible fixed assets | 21 | €60,000 | €45,000 | -€15,000 | -25.0% |
| Tangible fixed assets | 22/27 | €60,655 | €57,448 | -€3,207 | -5.3% |
| Land and buildings | 22 | €48,382 | €48,312 | -€71 | -0.1% |
| Plant, machinery and equipment | 23 | €1,181 | €236 | -€945 | -80.0% |
| Other tangible fixed assets | 26 | €11,092 | €8,901 | -€2,191 | -19.8% |
| Financial fixed assets | 28 | €292,945 | €292,945 | = | 0.0% |
| Current assets | 29/58 | €1,105,859 | €908,164 | -€197,694 | -17.9% |
| Stocks and contracts in progress | 3 | €854,046 | €745,479 | -€108,567 | -12.7% |
| Stocks | 30/36 | €854,046 | €745,479 | -€108,567 | -12.7% |
| Amounts receivable within one year | 40/41 | €144,850 | €102,981 | -€41,869 | -28.9% |
| Trade receivables | 40 | €41,971 | €72,837 | +€30,866 | +73.5% |
| Other amounts receivable | 41 | €102,879 | €30,143 | -€72,735 | -70.7% |
| Cash at bank and in hand | 54/58 | €106,614 | €48,648 | -€57,966 | -54.4% |
| Deferred charges and accrued income | 490/1 | €349 | €11,057 | +€10,708 | +3068.6% |
| Total equity and liabilities | 10/49 | €1,536,094 | €1,312,803 | -€223,292 | -14.5% |
| Equity | 10/15 | €853,980 | €815,639 | -€38,341 | -4.5% |
| Contributions | 10/11 | €297,472 | €297,472 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €556,508 | €518,167 | -€38,341 | -6.9% |
| Amounts payable | 17/49 | €682,115 | €497,164 | -€184,951 | -27.1% |
| Amounts payable after more than one year | 17 | €183,247 | €117,428 | -€65,819 | -35.9% |
| Financial debts | 170/4 | €183,247 | €117,428 | -€65,819 | -35.9% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €493,885 | €374,601 | -€119,284 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €107,470 | €65,823 | -€41,646 | -38.8% |
| Financial debts | 43 | €17,663 | €17,696 | +€32 | +0.2% |
| Credit institutions | 430/8 | €17,663 | €17,696 | +€32 | +0.2% |
| Trade debts | 44 | €223,135 | €130,421 | -€92,714 | -41.6% |
| Suppliers | 440/4 | €223,135 | €130,421 | -€92,714 | -41.6% |
| Taxes, remuneration and social security | 45 | €62,317 | €106,672 | +€44,355 | +71.2% |
| Taxes | 450/3 | €8,850 | €16,910 | +€8,060 | +91.1% |
| Remuneration and social security | 454/9 | €53,467 | €89,762 | +€36,295 | +67.9% |
| Other amounts payable | 47/48 | €83,300 | €53,989 | -€29,311 | -35.2% |
| Accrued charges and deferred income | 492/3 | €4,982 | €5,134 | +€152 | +3.0% |
| Remuneration, social security and pensions | 62 | €398,481 | €434,193 | +€35,712 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,351 | €33,098 | +€747 | +2.3% |
| Other operating charges | 640/8 | €5,268 | €3,351 | -€1,917 | -36.4% |
| Gross operating margin | 9900 | €522,470 | €374,930 | -€147,540 | -28.2% |
| Operating profit (loss) | 9901 | €86,370 | -€95,712 | -€182,082 | |
| Financial income | 75/76B | €12,170 | €70,752 | +€58,583 | +481.4% |
| Recurring financial income | 75 | €12,170 | €70,752 | +€58,583 | +481.4% |
| Financial charges | 65/66B | €13,640 | €13,373 | -€268 | -2.0% |
| Recurring financial charges | 65 | €13,640 | €13,373 | -€268 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €84,899 | -€38,332 | -€123,231 | |
| Income taxes | 67/77 | €23,559 | €9 | -€23,550 | -100.0% |
| Profit (loss) for the period | 9904 | €61,341 | -€38,341 | -€99,681 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,341 | -€38,341 | -€99,681 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.