LIBRA’nd Management: 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’nd Management
Largest movements
- Current investments +€157,877
new in 2025: €157,877
- Cash -€43,980
down €43,980 (-47.6%), from €92,406 to €48,426
mainly Current investments (-€157,877) and Receivables within one year (-€3,897)
- Receivables within one year +€3,897
up €3,897 (+7.5%), from €51,686 to €55,583
of which Trade receivables: +€3,901
- Reserves +€109,058
up €109,058 (+111.7%), from €97,615 to €206,673
- Other debts +€3,978
up €3,978 (+199.6%), from €1,994 to €5,972
- Tax, wage and social debts +€3,919
up €3,919 (+10.7%), from €36,516 to €40,436
- Gross operating margin +€15,117
up €15,117 (+12.2%), from €124,056 to €139,173
- Taxes +€3,855
up €3,855 (+14.7%), from €26,219 to €30,074
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 | €147,275 | €264,789 | +€117,513 | +79.8% |
| Fixed assets | 21/28 | €2,023 | €1,802 | -€221 | -10.9% |
| Tangible fixed assets | 22/27 | €2,023 | €1,802 | -€221 | -10.9% |
| Plant, machinery and equipment | 23 | €2,023 | €1,802 | -€221 | -10.9% |
| Current assets | 29/58 | €145,252 | €262,986 | +€117,734 | +81.1% |
| Amounts receivable within one year | 40/41 | €51,686 | €55,583 | +€3,897 | +7.5% |
| Trade receivables | 40 | €51,682 | €55,583 | +€3,901 | +7.5% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100.0% |
| Current investments | 50/53 | - | €157,877 | +€157,877 | |
| Cash at bank and in hand | 54/58 | €92,406 | €48,426 | -€43,980 | -47.6% |
| Deferred charges and accrued income | 490/1 | €1,160 | €1,101 | -€59 | -5.1% |
| Total equity and liabilities | 10/49 | €147,275 | €264,789 | +€117,513 | +79.8% |
| Equity | 10/15 | €107,615 | €216,673 | +€109,058 | +101.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €97,615 | €206,673 | +€109,058 | +111.7% |
| Distributable reserves | 133 | €97,615 | €206,673 | +€109,058 | +111.7% |
| Amounts payable | 17/49 | €39,660 | €48,115 | +€8,455 | +21.3% |
| Amounts payable within one year | 42/48 | €39,660 | €48,115 | +€8,455 | +21.3% |
| Trade debts | 44 | €1,150 | €1,708 | +€558 | +48.5% |
| Suppliers | 440/4 | €1,150 | €1,708 | +€558 | +48.5% |
| Taxes, remuneration and social security | 45 | €36,516 | €40,436 | +€3,919 | +10.7% |
| Taxes | 450/3 | €36,516 | €40,436 | +€3,919 | +10.7% |
| Other amounts payable | 47/48 | €1,994 | €5,972 | +€3,978 | +199.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186 | €221 | +€35 | +18.9% |
| Other operating charges | 640/8 | - | €186 | +€186 | |
| Gross operating margin | 9900 | €124,056 | €139,173 | +€15,117 | +12.2% |
| Operating profit (loss) | 9901 | €123,870 | €138,766 | +€14,896 | +12.0% |
| Financial income | 75/76B | - | €836 | +€836 | |
| Recurring financial income | 75 | - | €836 | +€836 | |
| Financial charges | 65/66B | €36 | €471 | +€434 | +1199.4% |
| Recurring financial charges | 65 | €36 | €471 | +€434 | +1199.4% |
| Profit (loss) for the period before taxes | 9903 | €123,834 | €139,132 | +€15,298 | +12.4% |
| Income taxes | 67/77 | €26,219 | €30,074 | +€3,855 | +14.7% |
| Profit (loss) for the period | 9904 | €97,615 | €109,058 | +€11,443 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,615 | €109,058 | +€11,443 | +11.7% |
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 8 October 2026 via checked.be.