LIBINVEST: 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.
LIBINVEST
Largest movements
- Current investments -€100,000
down €100,000 (-16.7%), from €597,998 to €497,998
- Tangible fixed assets -€73,468
down €73,468 (-22.7%), from €323,100 to €249,632
of which Land and buildings: -€37,318
- Cash +€54,554
up €54,554 (+94.3%), from €57,858 to €112,413
mainly Current investments (+€100,000) and Depreciation (+€80,806)
- Receivables within one year +€46,920
up €46,920 (+155%), from €30,331 to €77,251
of which Trade receivables: +€56,843
- Stocks and contracts -€20,585
down €20,585 (-7.4%), from €278,519 to €257,934
- Profit (loss) carried forward -€98,084
down €98,084 (-17.0%), from €578,058 to €479,974
- Other debts +€45,298
up €45,298 (+123%), from €36,693 to €81,992
- Tax, wage and social debts +€33,476
up €33,476 (+69.0%), from €48,493 to €81,969
of which Taxes: +€34,907
- Debts after one year -€29,852
down €29,852 (-27.2%), from €109,586 to €79,734
- Advances received -€29,750
no longer reported in 2025 (was €29,750)
- Gross operating margin -€78,628
down €78,628 (-17.5%), from €448,914 to €370,286
- Financial income -€23,522
down €23,522 (-84.2%), from €27,936 to €4,414
- Staff costs -€18,369
down €18,369 (-6.6%), from €280,038 to €261,668
- Taxes -€14,603
down €14,603 (-70.4%), from €20,742 to €6,139
- Depreciation -€14,156
down €14,156 (-14.9%), from €94,961 to €80,806
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,287,806 | €1,195,228 | -€92,579 | -7.2% |
| Fixed assets | 21/28 | €323,100 | €249,632 | -€73,468 | -22.7% |
| Tangible fixed assets | 22/27 | €323,100 | €249,632 | -€73,468 | -22.7% |
| Land and buildings | 22 | €173,546 | €136,228 | -€37,318 | -21.5% |
| Plant, machinery and equipment | 23 | €8,612 | €12,153 | +€3,541 | +41.1% |
| Furniture and vehicles | 24 | €103,944 | €71,439 | -€32,505 | -31.3% |
| Other tangible fixed assets | 26 | €36,998 | €29,813 | -€7,185 | -19.4% |
| Current assets | 29/58 | €964,707 | €945,596 | -€19,111 | -2.0% |
| Stocks and contracts in progress | 3 | €278,519 | €257,934 | -€20,585 | -7.4% |
| Stocks | 30/36 | €278,519 | €257,934 | -€20,585 | -7.4% |
| Amounts receivable within one year | 40/41 | €30,331 | €77,251 | +€46,920 | +155% |
| Trade receivables | 40 | €18,754 | €75,597 | +€56,843 | +303% |
| Other amounts receivable | 41 | €11,577 | €1,654 | -€9,923 | -85.7% |
| Current investments | 50/53 | €597,998 | €497,998 | -€100,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €57,858 | €112,413 | +€54,554 | +94.3% |
| Total equity and liabilities | 10/49 | €1,287,806 | €1,195,228 | -€92,579 | -7.2% |
| Equity | 10/15 | €957,672 | €859,588 | -€98,084 | -10.2% |
| Contributions | 10/11 | €67,000 | €67,000 | = | 0.0% |
| Capital | 10 | €67,000 | €67,000 | = | 0.0% |
| Issued capital | 100 | €67,000 | €67,000 | = | 0.0% |
| Reserves | 13 | €312,613 | €312,613 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,700 | €6,700 | = | 0.0% |
| Legal reserve | 130 | €6,700 | €6,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,145 | €43,145 | = | 0.0% |
| Distributable reserves | 133 | €262,768 | €262,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | €578,058 | €479,974 | -€98,084 | -17.0% |
| Amounts payable | 17/49 | €330,135 | €335,640 | +€5,505 | +1.7% |
| Amounts payable after more than one year | 17 | €109,586 | €79,734 | -€29,852 | -27.2% |
| Financial debts | 170/4 | €109,586 | €79,734 | -€29,852 | -27.2% |
| Amounts payable within one year | 42/48 | €220,548 | €255,906 | +€35,357 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €45,452 | €36,192 | -€9,260 | -20.4% |
| Trade debts | 44 | €60,160 | €55,753 | -€4,407 | -7.3% |
| Suppliers | 440/4 | €60,160 | €55,753 | -€4,407 | -7.3% |
| Advances received on contracts in progress | 46 | €29,750 | - | -€29,750 | |
| Taxes, remuneration and social security | 45 | €48,493 | €81,969 | +€33,476 | +69.0% |
| Taxes | 450/3 | €7,302 | €42,209 | +€34,907 | +478% |
| Remuneration and social security | 454/9 | €41,191 | €39,760 | -€1,431 | -3.5% |
| Other amounts payable | 47/48 | €36,693 | €81,992 | +€45,298 | +123% |
| Non-recurring operating income | 76A | €83,473 | - | -€83,473 | |
| Remuneration, social security and pensions | 62 | €280,038 | €261,668 | -€18,369 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,961 | €80,806 | -€14,156 | -14.9% |
| Other operating charges | 640/8 | €13,629 | €13,208 | -€421 | -3.1% |
| Non-recurring operating charges | 66A | €144 | €4,047 | +€3,903 | +2,707% |
| Gross operating margin | 9900 | €448,914 | €370,286 | -€78,628 | -17.5% |
| Operating profit (loss) | 9901 | €60,142 | €10,557 | -€49,585 | -82.4% |
| Financial income | 75/76B | €27,936 | €4,414 | -€23,522 | -84.2% |
| Recurring financial income | 75 | €27,936 | €4,414 | -€23,522 | -84.2% |
| Financial charges | 65/66B | €7,607 | €6,916 | -€691 | -9.1% |
| Recurring financial charges | 65 | €7,607 | €6,916 | -€691 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €80,471 | €8,055 | -€72,416 | -90.0% |
| Income taxes | 67/77 | €20,742 | €6,139 | -€14,603 | -70.4% |
| Profit (loss) for the period | 9904 | €59,729 | €1,916 | -€57,813 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,729 | €1,916 | -€57,813 | -96.8% |
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 23 October 2026 via checked.be.