LIBRA - AUDIT & ASSURANCE: 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.
LIBRA - AUDIT & ASSURANCE
Largest movements
- Cash -€154,088
down €154,088 (-99.1%), from €155,563 to €1,475
mainly Trade debts (-€190,164) and Contributions, distributions and other (-€108,305)
- Tangible fixed assets -€49,979
down €49,979 (-36.0%), from €138,918 to €88,939
- Receivables within one year +€46,496
up €46,496 (+7.5%), from €616,303 to €662,800
of which Trade receivables: +€86,784
- Intangible fixed assets -€38,283
down €38,283 (-50.0%), from €76,566 to €38,283
- Deferred charges and accrued income +€25,083
up €25,083 (+260%), from €9,634 to €34,717
- Trade debts -€190,164
down €190,164 (-44.1%), from €431,150 to €240,986
- Reserves +€103,140
up €103,140 (+5,545%), from €1,860 to €105,000
of which Distributable reserves: +€105,000
- Debts after one year -€64,549
down €64,549 (-30.3%), from €213,382 to €148,832
- Profit (loss) carried forward -€53,906
down €53,906 (-97.5%), from €55,306 to €1,400
- Short-term financial debts +€19,339
up €19,339 (+70.1%), from €27,582 to €46,922
- Gross operating margin +€209,148
up €209,148 (+34.1%), from €612,604 to €821,753
- Staff costs +€92,597
up €92,597 (+24.9%), from €371,867 to €464,463
- Taxes +€32,346
up €32,346 (+63.8%), from €50,716 to €83,062
- Depreciation +€19,289
up €19,289 (+32.9%), from €58,598 to €77,888
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 | €1,011,960 | €837,944 | -€174,016 | -17.2% |
| Formation expenses | 20 | €14,893 | €11,731 | -€3,162 | -21.2% |
| Fixed assets | 21/28 | €215,566 | €127,222 | -€88,344 | -41.0% |
| Intangible fixed assets | 21 | €76,566 | €38,283 | -€38,283 | -50.0% |
| Tangible fixed assets | 22/27 | €138,918 | €88,939 | -€49,979 | -36.0% |
| Furniture and vehicles | 24 | €138,918 | €88,939 | -€49,979 | -36.0% |
| Financial fixed assets | 28 | €82 | €0 | -€82 | -100% |
| Current assets | 29/58 | €781,501 | €698,992 | -€82,509 | -10.6% |
| Amounts receivable within one year | 40/41 | €616,303 | €662,800 | +€46,496 | +7.5% |
| Trade receivables | 40 | €440,702 | €527,485 | +€86,784 | +19.7% |
| Other amounts receivable | 41 | €175,602 | €135,314 | -€40,288 | -22.9% |
| Cash at bank and in hand | 54/58 | €155,563 | €1,475 | -€154,088 | -99.1% |
| Deferred charges and accrued income | 490/1 | €9,634 | €34,717 | +€25,083 | +260% |
| Total equity and liabilities | 10/49 | €1,011,960 | €837,944 | -€174,016 | -17.2% |
| Equity | 10/15 | €75,766 | €125,000 | +€49,234 | +65.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €105,000 | +€103,140 | +5,545% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €105,000 | +€105,000 | |
| Profit (loss) carried forward | 14 | €55,306 | €1,400 | -€53,906 | -97.5% |
| Amounts payable | 17/49 | €936,194 | €712,944 | -€223,250 | -23.8% |
| Amounts payable after more than one year | 17 | €213,382 | €148,832 | -€64,549 | -30.3% |
| Financial debts | 170/4 | €213,382 | €148,832 | -€64,549 | -30.3% |
| Amounts payable within one year | 42/48 | €722,812 | €564,112 | -€158,700 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €62,949 | €64,549 | +€1,600 | +2.5% |
| Financial debts | 43 | €27,582 | €46,922 | +€19,339 | +70.1% |
| Credit institutions | 430/8 | €27,582 | €46,922 | +€19,339 | +70.1% |
| Trade debts | 44 | €431,150 | €240,986 | -€190,164 | -44.1% |
| Suppliers | 440/4 | €431,150 | €240,986 | -€190,164 | -44.1% |
| Taxes, remuneration and social security | 45 | €91,095 | €103,350 | +€12,255 | +13.5% |
| Taxes | 450/3 | €49,814 | €52,862 | +€3,047 | +6.1% |
| Remuneration and social security | 454/9 | €41,281 | €50,489 | +€9,208 | +22.3% |
| Other amounts payable | 47/48 | €110,035 | €108,305 | -€1,731 | -1.6% |
| Non-recurring operating income | 76A | €550 | €0 | -€550 | -100% |
| Remuneration, social security and pensions | 62 | €371,867 | €464,463 | +€92,597 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,598 | €77,888 | +€19,289 | +32.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,835 | - | -€1,835 | |
| Other operating charges | 640/8 | €7,571 | €4,716 | -€2,855 | -37.7% |
| Non-recurring operating charges | 66A | €1,322 | €20,880 | +€19,557 | +1,479% |
| Gross operating margin | 9900 | €612,604 | €821,753 | +€209,148 | +34.1% |
| Operating profit (loss) | 9901 | €171,411 | €253,806 | +€82,396 | +48.1% |
| Financial income | 75/76B | €468 | €0 | -€468 | -100% |
| Recurring financial income | 75 | €468 | €0 | -€468 | -100% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €13,108 | €13,206 | +€98 | +0.7% |
| Recurring financial charges | 65 | €13,108 | €13,206 | +€98 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €158,771 | €240,601 | +€81,830 | +51.5% |
| Income taxes | 67/77 | €50,716 | €83,062 | +€32,346 | +63.8% |
| Profit (loss) for the period | 9904 | €108,055 | €157,539 | +€49,483 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €108,055 | €157,539 | +€49,483 | +45.8% |
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 23 October 2026 via checked.be.