LIBRA COATING: 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.
LIBRA COATING
Largest movements
- Tangible fixed assets +€367,607
up €367,607 (+170.9%), from €215,063 to €582,670
of which Plant, machinery and equipment: +€326,833
- Receivables within one year -€124,385
down €124,385 (-51.7%), from €240,618 to €116,233
of which Trade receivables: -€125,121
- Cash -€29,457
down €29,457 (-20.3%), from €144,861 to €115,404
mainly Investment in fixed assets (net) (-€426,290) and Debts after one year (-€51,109)
- Stocks and contracts -€13,972
down €13,972 (-40.7%), from €34,318 to €20,346
- Other debts +€178,507
up €178,507 (+564.6%), from €31,619 to €210,126
- Debts after one year -€51,109
down €51,109 (-28.0%), from €182,347 to €131,238
- Reserves +€42,236
up €42,236 (+52.8%), from €80,008 to €122,245
of which Distributable reserves: +€42,236
- Trade debts +€27,264
up €27,264 (+44.8%), from €60,820 to €88,084
- Gross operating margin +€41,304
up €41,304 (+17.0%), from €242,833 to €284,137
- Staff costs +€16,135
up €16,135 (+11.3%), from €143,327 to €159,462
- Depreciation -€10,851
down €10,851 (-16.2%), from €66,909 to €56,058
- Taxes +€10,544
up €10,544 (+120.6%), from €8,743 to €19,286
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 | €640,934 | €839,975 | +€199,040 | +31.1% |
| Fixed assets | 21/28 | €215,426 | €585,659 | +€370,233 | +171.9% |
| Intangible fixed assets | 21 | - | €2,626 | +€2,626 | |
| Tangible fixed assets | 22/27 | €215,063 | €582,670 | +€367,607 | +170.9% |
| Plant, machinery and equipment | 23 | €194,385 | €521,218 | +€326,833 | +168.1% |
| Furniture and vehicles | 24 | €20,678 | €41,452 | +€20,774 | +100.5% |
| Assets under construction and advance payments | 27 | - | €20,000 | +€20,000 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €425,508 | €254,316 | -€171,193 | -40.2% |
| Stocks and contracts in progress | 3 | €34,318 | €20,346 | -€13,972 | -40.7% |
| Stocks | 30/36 | €34,318 | €20,346 | -€13,972 | -40.7% |
| Amounts receivable within one year | 40/41 | €240,618 | €116,233 | -€124,385 | -51.7% |
| Trade receivables | 40 | €237,360 | €112,239 | -€125,121 | -52.7% |
| Other amounts receivable | 41 | €3,259 | €3,995 | +€736 | +22.6% |
| Cash at bank and in hand | 54/58 | €144,861 | €115,404 | -€29,457 | -20.3% |
| Deferred charges and accrued income | 490/1 | €5,711 | €2,333 | -€3,378 | -59.2% |
| Total equity and liabilities | 10/49 | €640,934 | €839,975 | +€199,040 | +31.1% |
| Equity | 10/15 | €270,497 | €312,733 | +€42,236 | +15.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €80,008 | €122,245 | +€42,236 | +52.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €61,258 | €103,495 | +€42,236 | +68.9% |
| Profit (loss) carried forward | 14 | €170,028 | €170,028 | = | 0.0% |
| Amounts payable | 17/49 | €370,438 | €527,242 | +€156,804 | +42.3% |
| Amounts payable after more than one year | 17 | €182,347 | €131,238 | -€51,109 | -28.0% |
| Financial debts | 170/4 | €182,347 | €131,238 | -€51,109 | -28.0% |
| Amounts payable within one year | 42/48 | €188,090 | €396,004 | +€207,913 | +110.5% |
| Current portion of amounts payable after more than one year | 42 | €57,055 | €57,702 | +€647 | +1.1% |
| Trade debts | 44 | €60,820 | €88,084 | +€27,264 | +44.8% |
| Suppliers | 440/4 | €60,820 | €88,084 | +€27,264 | +44.8% |
| Taxes, remuneration and social security | 45 | €38,597 | €40,092 | +€1,495 | +3.9% |
| Taxes | 450/3 | €19,123 | €16,465 | -€2,658 | -13.9% |
| Remuneration and social security | 454/9 | €19,474 | €23,627 | +€4,153 | +21.3% |
| Other amounts payable | 47/48 | €31,619 | €210,126 | +€178,507 | +564.6% |
| Remuneration, social security and pensions | 62 | €143,327 | €159,462 | +€16,135 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,909 | €56,058 | -€10,851 | -16.2% |
| Other operating charges | 640/8 | €564 | €396 | -€168 | -29.7% |
| Gross operating margin | 9900 | €242,833 | €284,137 | +€41,304 | +17.0% |
| Operating profit (loss) | 9901 | €32,033 | €68,221 | +€36,188 | +113.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -94.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -94.7% |
| Financial charges | 65/66B | €6,662 | €6,699 | +€37 | +0.6% |
| Recurring financial charges | 65 | €6,662 | €6,699 | +€37 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €25,372 | €61,523 | +€36,151 | +142.5% |
| Income taxes | 67/77 | €8,743 | €19,286 | +€10,544 | +120.6% |
| Profit (loss) for the period | 9904 | €16,629 | €42,236 | +€25,607 | +154.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,629 | €42,236 | +€25,607 | +154.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.