LIBOTTE - FLAHAUX: 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.
LIBOTTE - FLAHAUX
Largest movements
- Cash +€24,937
up €24,937 (+6.1%), from €407,881 to €432,819
mainly Trade debts (+€42,227) and Depreciation (+€41,117)
- Tangible fixed assets -€20,378
down €20,378 (-9.7%), from €210,212 to €189,834
of which Furniture and vehicles: -€12,318
- Deferred charges and accrued income -€8,903
down €8,903 (-28.7%), from €31,025 to €22,122
- Trade debts +€42,227
up €42,227 (+115%), from €36,767 to €78,995
- Debts after one year -€31,412
down €31,412 (-82.1%), from €38,270 to €6,858
- Reserves -€31,088
down €31,088 (-6.4%), from €483,517 to €452,428
of which Distributable reserves: -€25,073
- Other debts +€21,451
up €21,451 (+77.5%), from €27,688 to €49,138
- Gross operating margin -€72,608
down €72,608 (-28.1%), from €258,444 to €185,837
- Staff costs -€26,677
down €26,677 (-19.1%), from €139,761 to €113,084
- Taxes -€5,074
down €5,074 (-38.1%), from €13,332 to €8,258
- Depreciation -€3,452
down €3,452 (-7.7%), from €44,568 to €41,117
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 | €727,936 | €720,803 | -€7,133 | -1.0% |
| Fixed assets | 21/28 | €210,212 | €189,834 | -€20,378 | -9.7% |
| Tangible fixed assets | 22/27 | €210,212 | €189,834 | -€20,378 | -9.7% |
| Land and buildings | 22 | €129,517 | €119,224 | -€10,293 | -7.9% |
| Plant, machinery and equipment | 23 | €64,511 | €66,745 | +€2,234 | +3.5% |
| Furniture and vehicles | 24 | €16,184 | €3,866 | -€12,318 | -76.1% |
| Current assets | 29/58 | €517,724 | €530,969 | +€13,245 | +2.6% |
| Stocks and contracts in progress | 3 | €48,522 | €42,232 | -€6,290 | -13.0% |
| Stocks | 30/36 | €48,522 | €42,232 | -€6,290 | -13.0% |
| Amounts receivable within one year | 40/41 | €30,296 | €33,796 | +€3,500 | +11.6% |
| Trade receivables | 40 | €16,227 | €24,899 | +€8,672 | +53.4% |
| Other amounts receivable | 41 | €14,070 | €8,897 | -€5,172 | -36.8% |
| Cash at bank and in hand | 54/58 | €407,881 | €432,819 | +€24,937 | +6.1% |
| Deferred charges and accrued income | 490/1 | €31,025 | €22,122 | -€8,903 | -28.7% |
| Total equity and liabilities | 10/49 | €727,936 | €720,803 | -€7,133 | -1.0% |
| Equity | 10/15 | €551,796 | €521,247 | -€30,549 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €483,517 | €452,428 | -€31,088 | -6.4% |
| Non-distributable reserves | 130/1 | €6,015 | - | -€6,015 | |
| Reserves not available under the articles | 1311 | €6,015 | - | -€6,015 | |
| Distributable reserves | 133 | €477,501 | €452,428 | -€25,073 | -5.3% |
| Profit (loss) carried forward | 14 | €49,679 | €50,219 | +€539 | +1.1% |
| Amounts payable | 17/49 | €176,140 | €199,556 | +€23,416 | +13.3% |
| Amounts payable after more than one year | 17 | €38,270 | €6,858 | -€31,412 | -82.1% |
| Financial debts | 170/4 | €38,270 | €6,858 | -€31,412 | -82.1% |
| Amounts payable within one year | 42/48 | €137,857 | €192,698 | +€54,841 | +39.8% |
| Financial debts | 43 | €38,054 | €31,412 | -€6,641 | -17.5% |
| Credit institutions | 430/8 | €38,054 | €31,412 | -€6,641 | -17.5% |
| Trade debts | 44 | €36,767 | €78,995 | +€42,227 | +115% |
| Suppliers | 440/4 | €36,767 | €78,995 | +€42,227 | +115% |
| Taxes, remuneration and social security | 45 | €35,348 | €33,153 | -€2,196 | -6.2% |
| Taxes | 450/3 | €4,087 | €11,312 | +€7,224 | +177% |
| Remuneration and social security | 454/9 | €31,261 | €21,841 | -€9,420 | -30.1% |
| Other amounts payable | 47/48 | €27,688 | €49,138 | +€21,451 | +77.5% |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Non-recurring operating income | 76A | €91 | - | -€91 | |
| Remuneration, social security and pensions | 62 | €139,761 | €113,084 | -€26,677 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,568 | €41,117 | -€3,452 | -7.7% |
| Other operating charges | 640/8 | €3,413 | €2,638 | -€775 | -22.7% |
| Non-recurring operating charges | 66A | €1,916 | - | -€1,916 | |
| Gross operating margin | 9900 | €258,444 | €185,837 | -€72,608 | -28.1% |
| Operating profit (loss) | 9901 | €68,786 | €28,999 | -€39,788 | -57.8% |
| Financial income | 75/76B | €1,625 | €1,618 | -€7 | -0.5% |
| Recurring financial income | 75 | €1,625 | €1,618 | -€7 | -0.5% |
| Financial charges | 65/66B | €2,272 | €3,819 | +€1,547 | +68.1% |
| Recurring financial charges | 65 | €2,272 | €3,819 | +€1,547 | +68.1% |
| Profit (loss) for the period before taxes | 9903 | €68,140 | €26,798 | -€41,342 | -60.7% |
| Income taxes | 67/77 | €13,332 | €8,258 | -€5,074 | -38.1% |
| Profit (loss) for the period | 9904 | €54,808 | €18,539 | -€36,268 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,808 | €18,539 | -€36,268 | -66.2% |
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 25 October 2026 via checked.be.