LIBON: 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.
LIBON
Largest movements
- Receivables within one year -€24,016
down €24,016 (-90.6%), from €26,521 to €2,505
of which Other amounts receivable: -€24,348
- Tangible fixed assets -€15,317
down €15,317 (-42.0%), from €36,461 to €21,144
- Cash -€5,064
down €5,064 (-36.1%), from €14,036 to €8,972
mainly Accrued charges and deferred income (-€18,750) and Contributions, distributions and other (-€11,500)
- Accrued charges and deferred income -€18,750
no longer reported in 2025 (was €18,750)
- Reserves -€11,500
down €11,500 (-29.0%), from €39,700 to €28,200
- Profit (loss) carried forward -€5,801
down €5,801, from €776 to -€5,025
- Other debts -€5,661
no longer reported in 2025 (was €5,661)
- Tax, wage and social debts -€3,429
down €3,429 (-36.2%), from €9,470 to €6,041
- Gross operating margin -€17,941
down €17,941 (-57.7%), from €31,072 to €13,131
- Taxes -€4,163
down €4,163 (-72.9%), from €5,712 to €1,549
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 | €82,189 | €37,596 | -€44,593 | -54.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €38,261 | €22,944 | -€15,317 | -40.0% |
| Tangible fixed assets | 22/27 | €36,461 | €21,144 | -€15,317 | -42.0% |
| Land and buildings | 22 | €10,825 | €8,138 | -€2,686 | -24.8% |
| Furniture and vehicles | 24 | €11,835 | €4,472 | -€7,363 | -62.2% |
| Other tangible fixed assets | 26 | €13,802 | €8,534 | -€5,268 | -38.2% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €43,928 | €14,652 | -€29,276 | -66.6% |
| Amounts receivable within one year | 40/41 | €26,521 | €2,505 | -€24,016 | -90.6% |
| Trade receivables | 40 | - | €333 | +€333 | |
| Other amounts receivable | 41 | €26,521 | €2,173 | -€24,348 | -91.8% |
| Cash at bank and in hand | 54/58 | €14,036 | €8,972 | -€5,064 | -36.1% |
| Deferred charges and accrued income | 490/1 | €3,371 | €3,175 | -€196 | -5.8% |
| Total equity and liabilities | 10/49 | €82,189 | €37,596 | -€44,593 | -54.3% |
| Equity | 10/15 | €46,676 | €29,375 | -€17,301 | -37.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,700 | €28,200 | -€11,500 | -29.0% |
| Distributable reserves | 133 | €39,700 | €28,200 | -€11,500 | -29.0% |
| Profit (loss) carried forward | 14 | €776 | -€5,025 | -€5,801 | |
| Amounts payable | 17/49 | €35,514 | €8,221 | -€27,292 | -76.9% |
| Amounts payable within one year | 42/48 | €16,764 | €8,221 | -€8,542 | -51.0% |
| Current portion of amounts payable after more than one year | 42 | €338 | - | -€338 | |
| Trade debts | 44 | €1,295 | €2,180 | +€885 | +68.4% |
| Suppliers | 440/4 | €1,295 | €2,180 | +€885 | +68.4% |
| Taxes, remuneration and social security | 45 | €9,470 | €6,041 | -€3,429 | -36.2% |
| Taxes | 450/3 | €9,470 | €6,041 | -€3,429 | -36.2% |
| Other amounts payable | 47/48 | €5,661 | - | -€5,661 | |
| Accrued charges and deferred income | 492/3 | €18,750 | - | -€18,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,551 | €16,357 | -€194 | -1.2% |
| Other operating charges | 640/8 | €965 | €909 | -€57 | -5.9% |
| Gross operating margin | 9900 | €31,072 | €13,131 | -€17,941 | -57.7% |
| Operating profit (loss) | 9901 | €13,555 | -€4,135 | -€17,690 | |
| Financial income | 75/76B | €884 | €690 | -€194 | -22.0% |
| Recurring financial income | 75 | €884 | €690 | -€194 | -22.0% |
| Financial charges | 65/66B | €503 | €807 | +€305 | +60.7% |
| Recurring financial charges | 65 | €503 | €807 | +€305 | +60.7% |
| Profit (loss) for the period before taxes | 9903 | €13,937 | -€4,252 | -€18,189 | |
| Income taxes | 67/77 | €5,712 | €1,549 | -€4,163 | -72.9% |
| Profit (loss) for the period | 9904 | €8,225 | -€5,801 | -€14,026 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,225 | -€5,801 | -€14,026 |
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 11 October 2026 via checked.be.