LIBRAIRIE POLYTECHNIQUE: 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.
LIBRAIRIE POLYTECHNIQUE
Largest movements
- Cash +€81,856
up €81,856 (+324.9%), from €25,191 to €107,047
mainly Trade debts (+€54,936) and Depreciation (+€35,281)
- Intangible fixed assets -€33,265
down €33,265 (-30.7%), from €108,432 to €75,167
- Stocks and contracts -€9,599
down €9,599 (-12.4%), from €77,334 to €67,735
- Receivables within one year +€7,343
up €7,343 (+22.1%), from €33,156 to €40,500
of which Trade receivables: +€4,362
- Tangible fixed assets +€5,043
up €5,043 (+4673.0%), from €108 to €5,151
of which Furniture and vehicles: +€5,151
- Trade debts +€54,936
up €54,936 (+158.1%), from €34,754 to €89,690
- Short-term financial debts +€30,000
new in 2025: €30,000
- Current portion of long-term debt -€21,948
down €21,948 (-100.0%), from €21,948 to €0
- Reserves -€20,874
down €20,874 (-17.3%), from €120,359 to €99,485
of which Distributable reserves: -€20,874
- Tax, wage and social debts +€9,429
up €9,429 (+142.1%), from €6,634 to €16,063
of which Remuneration and social security: +€5,944
- Gross operating margin -€22,262
down €22,262 (-16.5%), from €134,983 to €112,721
- Staff costs +€4,529
up €4,529 (+5.7%), from €79,685 to €84,214
- Depreciation +€1,516
up €1,516 (+4.5%), from €33,765 to €35,281
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 | €244,222 | €295,601 | +€51,379 | +21.0% |
| Fixed assets | 21/28 | €108,540 | €80,318 | -€28,222 | -26.0% |
| Intangible fixed assets | 21 | €108,432 | €75,167 | -€33,265 | -30.7% |
| Tangible fixed assets | 22/27 | €108 | €5,151 | +€5,043 | +4673.0% |
| Plant, machinery and equipment | 23 | €108 | €0 | -€108 | -100.0% |
| Furniture and vehicles | 24 | - | €5,151 | +€5,151 | |
| Current assets | 29/58 | €135,682 | €215,283 | +€79,601 | +58.7% |
| Stocks and contracts in progress | 3 | €77,334 | €67,735 | -€9,599 | -12.4% |
| Stocks | 30/36 | €77,334 | €67,735 | -€9,599 | -12.4% |
| Amounts receivable within one year | 40/41 | €33,156 | €40,500 | +€7,343 | +22.1% |
| Trade receivables | 40 | €32,352 | €36,714 | +€4,362 | +13.5% |
| Other amounts receivable | 41 | €804 | €3,786 | +€2,981 | +370.6% |
| Cash at bank and in hand | 54/58 | €25,191 | €107,047 | +€81,856 | +324.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €244,222 | €295,601 | +€51,379 | +21.0% |
| Equity | 10/15 | €180,359 | €159,485 | -€20,874 | -11.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €120,359 | €99,485 | -€20,874 | -17.3% |
| Non-distributable reserves | 130/1 | €4,862 | €4,862 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,862 | €4,862 | = | 0.0% |
| Distributable reserves | 133 | €115,497 | €94,623 | -€20,874 | -18.1% |
| Amounts payable | 17/49 | €63,863 | €136,116 | +€72,252 | +113.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €63,863 | €136,116 | +€72,252 | +113.1% |
| Current portion of amounts payable after more than one year | 42 | €21,948 | €0 | -€21,948 | -100.0% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €34,754 | €89,690 | +€54,936 | +158.1% |
| Suppliers | 440/4 | €34,754 | €89,690 | +€54,936 | +158.1% |
| Taxes, remuneration and social security | 45 | €6,634 | €16,063 | +€9,429 | +142.1% |
| Taxes | 450/3 | €2,774 | €6,260 | +€3,486 | +125.6% |
| Remuneration and social security | 454/9 | €3,860 | €9,803 | +€5,944 | +154.0% |
| Other amounts payable | 47/48 | €528 | €362 | -€166 | -31.4% |
| Remuneration, social security and pensions | 62 | €79,685 | €84,214 | +€4,529 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,765 | €35,281 | +€1,516 | +4.5% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Non-recurring operating charges | 66A | €50 | €0 | -€50 | -100.0% |
| Gross operating margin | 9900 | €134,983 | €112,721 | -€22,262 | -16.5% |
| Operating profit (loss) | 9901 | €20,810 | -€7,469 | -€28,279 | |
| Financial income | 75/76B | €0 | €137 | +€137 | |
| Recurring financial income | 75 | €0 | €137 | +€137 | |
| Financial charges | 65/66B | €8,530 | €9,087 | +€557 | +6.5% |
| Recurring financial charges | 65 | €8,530 | €9,087 | +€557 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €12,281 | -€16,419 | -€28,700 | |
| Income taxes | 67/77 | €3,196 | €4,454 | +€1,259 | +39.4% |
| Profit (loss) for the period | 9904 | €9,085 | -€20,874 | -€29,959 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,085 | -€20,874 | -€29,959 |
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 9 October 2026 via checked.be.