LIBOTTE GEORGES: 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 GEORGES
Largest movements
- Cash -€163,678
down €163,678 (-26.8%), from €611,388 to €447,710
mainly Investment in fixed assets (net) (-€245,925) and Other debts (-€124,080)
- Tangible fixed assets +€71,868
up €71,868 (+1.4%), from €5.3m to €5.4m
of which Plant, machinery and equipment: +€105,745
- Receivables within one year -€69,645
down €69,645 (-19.2%), from €362,858 to €293,213
of which Trade receivables: -€79,748
- Reserves +€181,074
up €181,074 (+5.8%), from €3.1m to €3.3m
of which Distributable reserves: +€193,652
- Other debts -€124,080
down €124,080 (-31.5%), from €394,464 to €270,384
- Trade debts -€123,584
down €123,584 (-79.5%), from €155,494 to €31,910
- Gross operating margin -€245,664
down €245,664 (-34.5%), from €711,413 to €465,749
- Taxes -€66,187
down €66,187 (-43.6%), from €151,636 to €85,448
- Depreciation +€14,514
up €14,514 (+9.1%), from €160,080 to €174,594
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 | €6,575,156 | €6,448,390 | -€126,767 | -1.9% |
| Fixed assets | 21/28 | €5,317,236 | €5,388,566 | +€71,331 | +1.3% |
| Intangible fixed assets | 21 | €537 | - | -€537 | |
| Tangible fixed assets | 22/27 | €5,279,968 | €5,351,835 | +€71,868 | +1.4% |
| Land and buildings | 22 | €4,875,430 | €4,854,075 | -€21,354 | -0.4% |
| Plant, machinery and equipment | 23 | €362,336 | €468,081 | +€105,745 | +29.2% |
| Furniture and vehicles | 24 | €42,202 | €29,679 | -€12,523 | -29.7% |
| Financial fixed assets | 28 | €36,731 | €36,731 | = | 0.0% |
| Current assets | 29/58 | €1,257,921 | €1,059,823 | -€198,097 | -15.7% |
| Stocks and contracts in progress | 3 | €270,813 | €305,046 | +€34,232 | +12.6% |
| Stocks | 30/36 | €270,813 | €305,046 | +€34,232 | +12.6% |
| Amounts receivable within one year | 40/41 | €362,858 | €293,213 | -€69,645 | -19.2% |
| Trade receivables | 40 | €334,558 | €254,809 | -€79,748 | -23.8% |
| Other amounts receivable | 41 | €28,300 | €38,404 | +€10,104 | +35.7% |
| Cash at bank and in hand | 54/58 | €611,388 | €447,710 | -€163,678 | -26.8% |
| Deferred charges and accrued income | 490/1 | €12,861 | €13,854 | +€993 | +7.7% |
| Total equity and liabilities | 10/49 | €6,575,156 | €6,448,390 | -€126,767 | -1.9% |
| Equity | 10/15 | €5,916,433 | €6,097,507 | +€181,074 | +3.1% |
| Contributions | 10/11 | €2,810,000 | €2,810,000 | = | 0.0% |
| Capital | 10 | €2,810,000 | €2,810,000 | = | 0.0% |
| Issued capital | 100 | €2,810,000 | €2,810,000 | = | 0.0% |
| Reserves | 13 | €3,102,055 | €3,283,129 | +€181,074 | +5.8% |
| Non-distributable reserves | 130/1 | €281,000 | €281,000 | = | 0.0% |
| Legal reserve | 130 | €281,000 | €281,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,313 | €37,735 | -€12,578 | -25.0% |
| Distributable reserves | 133 | €2,770,741 | €2,964,394 | +€193,652 | +7.0% |
| Profit (loss) carried forward | 14 | €4,379 | €4,379 | = | 0.0% |
| Provisions and deferred taxes | 16 | €16,771 | €12,578 | -€4,193 | -25.0% |
| Deferred taxes | 168 | €16,771 | €12,578 | -€4,193 | -25.0% |
| Amounts payable | 17/49 | €641,952 | €338,304 | -€303,648 | -47.3% |
| Amounts payable within one year | 42/48 | €639,723 | €336,146 | -€303,577 | -47.5% |
| Trade debts | 44 | €155,494 | €31,910 | -€123,584 | -79.5% |
| Suppliers | 440/4 | €155,494 | €31,910 | -€123,584 | -79.5% |
| Advances received on contracts in progress | 46 | - | €8,735 | +€8,735 | |
| Taxes, remuneration and social security | 45 | €89,765 | €25,118 | -€64,647 | -72.0% |
| Taxes | 450/3 | €89,765 | €25,118 | -€64,647 | -72.0% |
| Other amounts payable | 47/48 | €394,464 | €270,384 | -€124,080 | -31.5% |
| Accrued charges and deferred income | 492/3 | €2,229 | €2,158 | -€72 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,080 | €174,594 | +€14,514 | +9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €537 | - | -€537 | |
| Other operating charges | 640/8 | €29,675 | €29,757 | +€83 | +0.3% |
| Gross operating margin | 9900 | €711,413 | €465,749 | -€245,664 | -34.5% |
| Operating profit (loss) | 9901 | €521,121 | €261,398 | -€259,724 | -49.8% |
| Financial income | 75/76B | €6,324 | €1,275 | -€5,050 | -79.8% |
| Recurring financial income | 75 | €6,324 | €1,275 | -€5,050 | -79.8% |
| Financial charges | 65/66B | €384 | €343 | -€41 | -10.8% |
| Recurring financial charges | 65 | €384 | €343 | -€41 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €527,061 | €262,330 | -€264,732 | -50.2% |
| Transfer from deferred taxes | 780 | €7,789 | €4,193 | -€3,596 | -46.2% |
| Transfer to deferred taxes | 680 | €20,964 | - | -€20,964 | |
| Income taxes | 67/77 | €151,636 | €85,448 | -€66,187 | -43.6% |
| Profit (loss) for the period | 9904 | €362,251 | €181,074 | -€181,177 | -50.0% |
| Transfer from tax-exempt reserves | 789 | €21,382 | €12,578 | -€8,804 | -41.2% |
| Transfer to tax-exempt reserves | 689 | €62,892 | - | -€62,892 | |
| Profit (loss) for the period to be appropriated | 9905 | €320,741 | €193,652 | -€127,089 | -39.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.