LIBRAGREEN: 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.
LIBRAGREEN
Largest movements
- Cash +€245,278
up €245,278 (+64.6%), from €379,571 to €624,849
mainly Net result for the year (+€95,037) and Receivables within one year (+€80,515)
- Receivables within one year -€80,515
down €80,515 (-35.2%), from €228,650 to €148,135
of which Trade receivables: -€80,316
- Tangible fixed assets -€68,636
down €68,636 (-26.9%), from €255,141 to €186,505
of which Furniture and vehicles: -€53,574
- Stocks and contracts -€14,655
down €14,655 (-53.3%), from €27,495 to €12,840
- Reserves +€50,000
up €50,000 (+96.4%), from €51,860 to €101,860
- Profit (loss) carried forward +€45,504
up €45,504 (+9.8%), from €463,583 to €509,087
- Trade debts +€41,945
up €41,945 (+102.3%), from €41,004 to €82,949
- Tax, wage and social debts -€22,238
down €22,238 (-16.1%), from €138,493 to €116,255
of which Taxes: -€21,663
- Debts after one year -€19,902
down €19,902 (-31.1%), from €64,034 to €44,132
- Gross operating margin -€60,729
down €60,729 (-21.7%), from €279,893 to €219,164
- Taxes -€9,900
down €9,900 (-20.2%), from €49,023 to €39,123
- Write-downs +€4,838
new in 2025: €4,838
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 | €902,828 | €975,692 | +€72,864 | +8.1% |
| Fixed assets | 21/28 | €255,141 | €186,505 | -€68,636 | -26.9% |
| Tangible fixed assets | 22/27 | €255,141 | €186,505 | -€68,636 | -26.9% |
| Plant, machinery and equipment | 23 | €36,596 | €21,535 | -€15,061 | -41.2% |
| Furniture and vehicles | 24 | €218,544 | €164,970 | -€53,574 | -24.5% |
| Current assets | 29/58 | €647,688 | €789,187 | +€141,500 | +21.8% |
| Stocks and contracts in progress | 3 | €27,495 | €12,840 | -€14,655 | -53.3% |
| Stocks | 30/36 | €27,495 | €12,840 | -€14,655 | -53.3% |
| Amounts receivable within one year | 40/41 | €228,650 | €148,135 | -€80,515 | -35.2% |
| Trade receivables | 40 | €207,449 | €127,134 | -€80,316 | -38.7% |
| Other amounts receivable | 41 | €21,201 | €21,001 | -€200 | -0.9% |
| Cash at bank and in hand | 54/58 | €379,571 | €624,849 | +€245,278 | +64.6% |
| Deferred charges and accrued income | 490/1 | €11,971 | €3,364 | -€8,607 | -71.9% |
| Total equity and liabilities | 10/49 | €902,828 | €975,692 | +€72,864 | +8.1% |
| Equity | 10/15 | €551,830 | €642,412 | +€90,582 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €51,860 | €101,860 | +€50,000 | +96.4% |
| Distributable reserves | 133 | €51,860 | €101,860 | +€50,000 | +96.4% |
| Profit (loss) carried forward | 14 | €463,583 | €509,087 | +€45,504 | +9.8% |
| Investment grants | 15 | €17,787 | €12,866 | -€4,922 | -27.7% |
| Amounts payable | 17/49 | €350,998 | €333,280 | -€17,718 | -5.0% |
| Amounts payable after more than one year | 17 | €64,034 | €44,132 | -€19,902 | -31.1% |
| Financial debts | 170/4 | €64,034 | €44,132 | -€19,902 | -31.1% |
| Amounts payable within one year | 42/48 | €282,887 | €288,457 | +€5,570 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €33,806 | €19,902 | -€13,904 | -41.1% |
| Trade debts | 44 | €41,004 | €82,949 | +€41,945 | +102.3% |
| Suppliers | 440/4 | €41,004 | €82,949 | +€41,945 | +102.3% |
| Taxes, remuneration and social security | 45 | €138,493 | €116,255 | -€22,238 | -16.1% |
| Taxes | 450/3 | €54,258 | €32,595 | -€21,663 | -39.9% |
| Remuneration and social security | 454/9 | €84,235 | €83,661 | -€574 | -0.7% |
| Other amounts payable | 47/48 | €69,584 | €69,350 | -€234 | -0.3% |
| Accrued charges and deferred income | 492/3 | €4,078 | €691 | -€3,387 | -83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,241 | €68,636 | -€1,605 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,838 | +€4,838 | |
| Other operating charges | 640/8 | €12,772 | €12,669 | -€103 | -0.8% |
| Gross operating margin | 9900 | €279,893 | €219,164 | -€60,729 | -21.7% |
| Operating profit (loss) | 9901 | €196,880 | €133,022 | -€63,858 | -32.4% |
| Financial income | 75/76B | €4,323 | €4,567 | +€244 | +5.6% |
| Recurring financial income | 75 | €4,323 | €4,567 | +€244 | +5.6% |
| Financial charges | 65/66B | €4,178 | €3,429 | -€749 | -17.9% |
| Recurring financial charges | 65 | €4,178 | €3,429 | -€749 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €197,025 | €134,160 | -€62,865 | -31.9% |
| Income taxes | 67/77 | €49,023 | €39,123 | -€9,900 | -20.2% |
| Profit (loss) for the period | 9904 | €148,002 | €95,037 | -€52,965 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €148,002 | €95,037 | -€52,965 | -35.8% |
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 5 October 2026 via checked.be.