LIBO: 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.
LIBO
Largest movements
- Financial fixed assets -€869,750
down €869,750 (-100.0%), from €869,750 to €0
- Receivables within one year +€393,266
up €393,266 (+3336.7%), from €11,786 to €405,052
of which Other amounts receivable: +€387,578
- Other debts -€452,813
down €452,813 (-69.3%), from €653,433 to €200,621
- Profit (loss) carried forward -€30,027
new in 2025: -€30,027
- Tax, wage and social debts -€11,573
down €11,573 (-99.0%), from €11,693 to €121
- Gross operating margin -€53,961
down €53,961, from €20,764 to -€33,197
- Financial income +€11,013
up €11,013 (+109475.3%), from €10 to €11,023
- Taxes -€5,097
down €5,097 (-97.8%), from €5,214 to €117
- Financial charges -€3,186
down €3,186 (-71.7%), from €4,442 to €1,256
- Other operating charges -€1,132
down €1,132 (-94.8%), from €1,194 to €62
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 | €964,497 | €474,957 | -€489,541 | -50.8% |
| Fixed assets | 21/28 | €905,482 | €31,580 | -€873,902 | -96.5% |
| Tangible fixed assets | 22/27 | €35,732 | €31,580 | -€4,152 | -11.6% |
| Land and buildings | 22 | €23,483 | €20,247 | -€3,236 | -13.8% |
| Plant, machinery and equipment | 23 | €11,413 | €9,394 | -€2,018 | -17.7% |
| Furniture and vehicles | 24 | €837 | €1,939 | +€1,102 | +131.7% |
| Financial fixed assets | 28 | €869,750 | €0 | -€869,750 | -100.0% |
| Current assets | 29/58 | €59,015 | €443,376 | +€384,362 | +651.3% |
| Amounts receivable within one year | 40/41 | €11,786 | €405,052 | +€393,266 | +3336.7% |
| Trade receivables | 40 | €0 | €5,688 | +€5,688 | |
| Other amounts receivable | 41 | €11,786 | €399,364 | +€387,578 | +3288.4% |
| Cash at bank and in hand | 54/58 | €47,226 | €38,251 | -€8,975 | -19.0% |
| Deferred charges and accrued income | 490/1 | €3 | €74 | +€71 | +2277.1% |
| Total equity and liabilities | 10/49 | €964,497 | €474,957 | -€489,541 | -50.8% |
| Equity | 10/15 | €298,038 | €268,012 | -€30,027 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €279,438 | €279,438 | = | 0.0% |
| Distributable reserves | 133 | €279,438 | €279,438 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€30,027 | -€30,027 | |
| Amounts payable | 17/49 | €666,459 | €206,945 | -€459,514 | -68.9% |
| Amounts payable within one year | 42/48 | €666,459 | €200,741 | -€465,718 | -69.9% |
| Trade debts | 44 | €1,332 | €0 | -€1,332 | -100.0% |
| Suppliers | 440/4 | €1,332 | €0 | -€1,332 | -100.0% |
| Taxes, remuneration and social security | 45 | €11,693 | €121 | -€11,573 | -99.0% |
| Taxes | 450/3 | €11,693 | €121 | -€11,573 | -99.0% |
| Other amounts payable | 47/48 | €653,433 | €200,621 | -€452,813 | -69.3% |
| Accrued charges and deferred income | 492/3 | €0 | €6,204 | +€6,204 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,808 | €6,417 | +€609 | +10.5% |
| Other operating charges | 640/8 | €1,194 | €62 | -€1,132 | -94.8% |
| Gross operating margin | 9900 | €20,764 | -€33,197 | -€53,961 | |
| Operating profit (loss) | 9901 | €13,762 | -€39,676 | -€53,439 | |
| Financial income | 75/76B | €10 | €11,023 | +€11,013 | +109475.3% |
| Recurring financial income | 75 | €10 | €11,023 | +€11,013 | +109475.3% |
| Financial charges | 65/66B | €4,442 | €1,256 | -€3,186 | -71.7% |
| Recurring financial charges | 65 | €4,442 | €1,256 | -€3,186 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | €9,330 | -€29,909 | -€39,239 | |
| Income taxes | 67/77 | €5,214 | €117 | -€5,097 | -97.8% |
| Profit (loss) for the period | 9904 | €4,116 | -€30,027 | -€34,143 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,116 | -€30,027 | -€34,143 |
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.