LIBOU: 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.
LIBOU
Largest movements
- Tangible fixed assets +€219,040
up €219,040 (+135.1%), from €162,173 to €381,213
of which Assets under construction and advance payments: +€228,267
- Cash +€31,197
up €31,197 (+1017.5%), from €3,066 to €34,263
mainly Other debts (+€185,000) and Trade debts (+€101,555)
- Deferred charges and accrued income +€8,965
up €8,965 (+4621.3%), from €194 to €9,159
- Other debts +€185,000
up €185,000 (+525.8%), from €35,183 to €220,183
- Trade debts +€101,555
up €101,555 (+597.8%), from €16,987 to €118,542
- Profit (loss) carried forward -€22,466
no longer reported in 2025 (was €22,466)
- Reserves -€4,705
down €4,705 (-29.8%), from €15,782 to €11,077
- Gross operating margin -€14,374
down €14,374 (-492.1%), from -€2,921 to -€17,295
- Other operating charges +€9,181
up €9,181 (+910.8%), from €1,008 to €10,189
- Depreciation -€1,820
no longer reported in 2025 (was €1,820)
- Financial income +€478
new in 2025: €478
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 | €165,558 | €425,020 | +€259,462 | +156.7% |
| Fixed assets | 21/28 | €162,298 | €381,338 | +€219,040 | +135.0% |
| Tangible fixed assets | 22/27 | €162,173 | €381,213 | +€219,040 | +135.1% |
| Land and buildings | 22 | €117,403 | €108,176 | -€9,227 | -7.9% |
| Assets under construction and advance payments | 27 | €44,770 | €273,037 | +€228,267 | +509.9% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €3,260 | €43,682 | +€40,422 | +1239.9% |
| Amounts receivable within one year | 40/41 | - | €259 | +€259 | |
| Other amounts receivable | 41 | - | €259 | +€259 | |
| Cash at bank and in hand | 54/58 | €3,066 | €34,263 | +€31,197 | +1017.5% |
| Deferred charges and accrued income | 490/1 | €194 | €9,159 | +€8,965 | +4621.3% |
| Total equity and liabilities | 10/49 | €165,558 | €425,020 | +€259,462 | +156.7% |
| Equity | 10/15 | €113,180 | €86,009 | -€27,171 | -24.0% |
| Contributions | 10/11 | €74,932 | €74,932 | +€0 | 0.0% |
| Reserves | 13 | €15,782 | €11,077 | -€4,705 | -29.8% |
| Distributable reserves | 133 | €15,782 | €11,077 | -€4,705 | -29.8% |
| Profit (loss) carried forward | 14 | €22,466 | - | -€22,466 | |
| Amounts payable | 17/49 | €52,378 | €339,010 | +€286,632 | +547.2% |
| Amounts payable within one year | 42/48 | €52,170 | €339,010 | +€286,840 | +549.8% |
| Trade debts | 44 | €16,987 | €118,542 | +€101,555 | +597.8% |
| Suppliers | 440/4 | €16,987 | €118,542 | +€101,555 | +597.8% |
| Taxes, remuneration and social security | 45 | - | €285 | +€285 | |
| Taxes | 450/3 | - | €285 | +€285 | |
| Other amounts payable | 47/48 | €35,183 | €220,183 | +€185,000 | +525.8% |
| Accrued charges and deferred income | 492/3 | €208 | - | -€208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,820 | - | -€1,820 | |
| Other operating charges | 640/8 | €1,008 | €10,189 | +€9,181 | +910.8% |
| Gross operating margin | 9900 | -€2,921 | -€17,295 | -€14,374 | -492.1% |
| Operating profit (loss) | 9901 | -€5,749 | -€27,483 | -€21,734 | -378.1% |
| Financial income | 75/76B | - | €478 | +€478 | |
| Recurring financial income | 75 | - | €478 | +€478 | |
| Financial charges | 65/66B | €295 | €165 | -€130 | -44.1% |
| Recurring financial charges | 65 | €295 | €165 | -€130 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,044 | -€27,170 | -€21,126 | -349.5% |
| Profit (loss) for the period | 9904 | -€6,044 | -€27,170 | -€21,126 | -349.5% |
| Transfer from tax-exempt reserves | 789 | €17,464 | - | -€17,464 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,420 | -€27,170 | -€38,590 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.