LIBMOR: 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.
LIBMOR
Largest movements
- Cash +€97,688
up €97,688 (+119.1%), from €82,025 to €179,713
mainly Net result for the year (+€117,801) and Depreciation (+€8,141)
- Receivables within one year +€15,447
up €15,447 (+43.3%), from €35,684 to €51,131
of which Trade receivables: +€13,654
- Tangible fixed assets -€6,792
down €6,792 (-18.3%), from €37,087 to €30,295
- Profit (loss) carried forward +€117,801
up €117,801 (+83.2%), from €141,614 to €259,415
- Tax, wage and social debts -€6,831
down €6,831 (-75.8%), from €9,010 to €2,179
- Other debts -€2,956
down €2,956 (-100.0%), from €2,956 to €0
- Gross operating margin +€11,485
up €11,485 (+7.5%), from €152,131 to €163,617
- Depreciation +€7,471
up €7,471 (+1115.4%), from €670 to €8,141
- Taxes +€1,819
up €1,819 (+5.4%), from €33,960 to €35,779
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 | €155,008 | €262,594 | +€107,587 | +69.4% |
| Fixed assets | 21/28 | €37,087 | €30,295 | -€6,792 | -18.3% |
| Tangible fixed assets | 22/27 | €37,087 | €30,295 | -€6,792 | -18.3% |
| Furniture and vehicles | 24 | €37,087 | €30,295 | -€6,792 | -18.3% |
| Current assets | 29/58 | €117,920 | €232,299 | +€114,379 | +97.0% |
| Amounts receivable within one year | 40/41 | €35,684 | €51,131 | +€15,447 | +43.3% |
| Trade receivables | 40 | €35,684 | €49,338 | +€13,654 | +38.3% |
| Other amounts receivable | 41 | - | €1,793 | +€1,793 | |
| Cash at bank and in hand | 54/58 | €82,025 | €179,713 | +€97,688 | +119.1% |
| Deferred charges and accrued income | 490/1 | €212 | €1,455 | +€1,244 | +587.3% |
| Total equity and liabilities | 10/49 | €155,008 | €262,594 | +€107,587 | +69.4% |
| Equity | 10/15 | €142,614 | €260,415 | +€117,801 | +82.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,614 | €259,415 | +€117,801 | +83.2% |
| Amounts payable | 17/49 | €12,393 | €2,179 | -€10,214 | -82.4% |
| Amounts payable within one year | 42/48 | €12,244 | €2,179 | -€10,065 | -82.2% |
| Trade debts | 44 | €278 | €0 | -€278 | -100.0% |
| Suppliers | 440/4 | €278 | €0 | -€278 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,010 | €2,179 | -€6,831 | -75.8% |
| Taxes | 450/3 | €9,010 | €2,179 | -€6,831 | -75.8% |
| Other amounts payable | 47/48 | €2,956 | €0 | -€2,956 | -100.0% |
| Accrued charges and deferred income | 492/3 | €149 | €0 | -€149 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670 | €8,141 | +€7,471 | +1115.4% |
| Other operating charges | 640/8 | €217 | €1,706 | +€1,488 | +684.6% |
| Gross operating margin | 9900 | €152,131 | €163,617 | +€11,485 | +7.5% |
| Operating profit (loss) | 9901 | €151,244 | €153,770 | +€2,526 | +1.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €161 | €190 | +€29 | +18.0% |
| Recurring financial charges | 65 | €161 | €190 | +€29 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €151,083 | €153,580 | +€2,497 | +1.7% |
| Income taxes | 67/77 | €33,960 | €35,779 | +€1,819 | +5.4% |
| Profit (loss) for the period | 9904 | €117,123 | €117,801 | +€678 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €117,123 | €117,801 | +€678 | +0.6% |
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 30 September 2026 via checked.be.