Libo Invest: 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.
What changed
Libo Invest
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€22,982
2024 · €30,649-€7,667
Equity
€328,790
2024 · €405,808-€77,018
Cash
€7,164
2024 · €1,543+€5,620
Balance sheet total
€720,880
2024 · €741,042-€20,163
Largest movements
Assets
- Tangible fixed assets -€10,898
down €10,898 (-28.6%), from €38,059 to €27,161
of which Furniture and vehicles: -€10,467
- Current investments -€10,072
down €10,072 (-100%), from €10,072 to €0
Equity and liabilities
- Other debts +€88,119
up €88,119 (+164%), from €53,618 to €141,737
- Profit (loss) carried forward -€77,018
down €77,018 (-21.4%), from €360,348 to €283,330
- Debts after one year -€38,839
down €38,839 (-17.0%), from €228,135 to €189,296
- Tax, wage and social debts +€9,550
up €9,550 (+137%), from €6,962 to €16,512
Income statement
- Gross operating margin -€10,465
down €10,465 (-17.5%), from €59,640 to €49,174
- Taxes -€2,952
down €2,952 (-32.8%), from €8,992 to €6,041
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.
Result 2024
€30,649
Gross operating margin
-€10,465
Depreciation
-€113
Other operating charges
-€29
Financial income
-€81
Financial charges
+€69
Taxes
+€2,952
Result 2025
€22,982
raises the resultlowers the result
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.
From operations
+€138,306
Investment
+€10,072
Financing
-€142,758
Cash 2024
€1,543
From operations (derived)
+€138,306
Net result for the year
+€22,982
Depreciation
+€10,898
Receivables within one year
+€4,777
Deferred charges and accrued income
+€35
Trade debts
+€591
Tax, wage and social debts
+€9,550
Other debts
+€88,119
Accrued charges and deferred income
+€1,353
Investment (derived)
+€10,072
Current investments
+€10,072
Financing
-€142,758
Debts after one year
-€38,839
Current portion of long-term debt
+€820
Short-term financial debts
-€4,739
Contributions, distributions and other
-€100,000
Cash 2025
€7,164
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €741,042 | €720,880 | -€20,163 | -2.7% |
| Fixed assets | 21/28 | €670,459 | €659,561 | -€10,898 | -1.6% |
| Tangible fixed assets | 22/27 | €38,059 | €27,161 | -€10,898 | -28.6% |
| Furniture and vehicles | 24 | €34,060 | €23,593 | -€10,467 | -30.7% |
| Other tangible fixed assets | 26 | €3,999 | €3,567 | -€432 | -10.8% |
| Financial fixed assets | 28 | €632,400 | €632,400 | = | 0.0% |
| Current assets | 29/58 | €70,583 | €61,319 | -€9,264 | -13.1% |
| Amounts receivable within one year | 40/41 | €57,961 | €53,184 | -€4,777 | -8.2% |
| Other amounts receivable | 41 | €57,961 | €53,184 | -€4,777 | -8.2% |
| Current investments | 50/53 | €10,072 | €0 | -€10,072 | -100% |
| Cash at bank and in hand | 54/58 | €1,543 | €7,164 | +€5,620 | +364% |
| Deferred charges and accrued income | 490/1 | €1,007 | €972 | -€35 | -3.5% |
| Total equity and liabilities | 10/49 | €741,042 | €720,880 | -€20,163 | -2.7% |
| Equity | 10/15 | €405,808 | €328,790 | -€77,018 | -19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Distributable reserves | 133 | €26,860 | €26,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €360,348 | €283,330 | -€77,018 | -21.4% |
| Amounts payable | 17/49 | €335,234 | €392,089 | +€56,855 | +17.0% |
| Amounts payable after more than one year | 17 | €228,135 | €189,296 | -€38,839 | -17.0% |
| Financial debts | 170/4 | €228,135 | €189,296 | -€38,839 | -17.0% |
| Amounts payable within one year | 42/48 | €104,501 | €198,843 | +€94,341 | +90.3% |
| Current portion of amounts payable after more than one year | 42 | €38,019 | €38,839 | +€820 | +2.2% |
| Financial debts | 43 | €4,739 | €0 | -€4,739 | -100% |
| Credit institutions | 430/8 | €4,739 | €0 | -€4,739 | -100% |
| Trade debts | 44 | €1,164 | €1,755 | +€591 | +50.8% |
| Suppliers | 440/4 | €1,164 | €1,755 | +€591 | +50.8% |
| Taxes, remuneration and social security | 45 | €6,962 | €16,512 | +€9,550 | +137% |
| Taxes | 450/3 | €6,962 | €16,512 | +€9,550 | +137% |
| Other amounts payable | 47/48 | €53,618 | €141,737 | +€88,119 | +164% |
| Accrued charges and deferred income | 492/3 | €2,598 | €3,951 | +€1,353 | +52.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,786 | €10,898 | +€113 | +1.0% |
| Other operating charges | 640/8 | €938 | €967 | +€29 | +3.0% |
| Gross operating margin | 9900 | €59,640 | €49,174 | -€10,465 | -17.5% |
| Operating profit (loss) | 9901 | €47,916 | €37,309 | -€10,607 | -22.1% |
| Financial income | 75/76B | €551 | €470 | -€81 | -14.7% |
| Recurring financial income | 75 | €551 | €470 | -€81 | -14.7% |
| Financial charges | 65/66B | €8,825 | €8,756 | -€69 | -0.8% |
| Recurring financial charges | 65 | €8,825 | €8,756 | -€69 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €39,642 | €29,023 | -€10,619 | -26.8% |
| Income taxes | 67/77 | €8,992 | €6,041 | -€2,952 | -32.8% |
| Profit (loss) for the period | 9904 | €30,649 | €22,982 | -€7,667 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,649 | €22,982 | -€7,667 | -25.0% |
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 29 October 2026 via checked.be.