LIBRASSUR: 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.
LIBRASSUR
Largest movements
- Cash +€163,914
up €163,914 (+35.2%), from €465,326 to €629,240
mainly Net result for the year (+€225,458) and Depreciation (+€38,683)
- Tangible fixed assets +€25,949
up €25,949 (+36.4%), from €71,367 to €97,315
- Intangible fixed assets -€24,117
down €24,117 (-13.8%), from €175,208 to €151,090
- Reserves +€146,938
up €146,938 (+21.6%), from €681,120 to €828,058
of which Non-distributable reserves: +€146,938
- Tax, wage and social debts +€18,271
up €18,271 (+59.4%), from €30,759 to €49,030
of which Taxes: +€15,183
- Other debts +€17,949
up €17,949 (+31.7%), from €56,645 to €74,595
- Trade debts -€11,217
down €11,217 (-66.7%), from €16,814 to €5,598
- Gross operating margin +€37,926
up €37,926 (+7.7%), from €493,041 to €530,967
- Staff costs +€26,634
up €26,634 (+20.5%), from €129,715 to €156,349
- Taxes +€6,066
up €6,066 (+6.0%), from €101,039 to €107,105
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 | €803,938 | €975,926 | +€171,987 | +21.4% |
| Fixed assets | 21/28 | €246,574 | €248,405 | +€1,831 | +0.7% |
| Intangible fixed assets | 21 | €175,208 | €151,090 | -€24,117 | -13.8% |
| Tangible fixed assets | 22/27 | €71,367 | €97,315 | +€25,949 | +36.4% |
| Furniture and vehicles | 24 | €71,367 | €97,315 | +€25,949 | +36.4% |
| Current assets | 29/58 | €557,364 | €727,520 | +€170,156 | +30.5% |
| Amounts receivable within one year | 40/41 | €43,981 | €49,131 | +€5,149 | +11.7% |
| Trade receivables | 40 | €43,981 | €49,131 | +€5,149 | +11.7% |
| Current investments | 50/53 | €40,966 | €40,966 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €465,326 | €629,240 | +€163,914 | +35.2% |
| Deferred charges and accrued income | 490/1 | €7,090 | €8,184 | +€1,093 | +15.4% |
| Total equity and liabilities | 10/49 | €803,938 | €975,926 | +€171,987 | +21.4% |
| Equity | 10/15 | €699,720 | €846,658 | +€146,938 | +21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €681,120 | €828,058 | +€146,938 | +21.6% |
| Non-distributable reserves | 130/1 | €674,893 | €821,831 | +€146,938 | +21.8% |
| Reserves not available under the articles | 1311 | €674,893 | €821,831 | +€146,938 | +21.8% |
| Tax-exempt reserves | 132 | €2,427 | €2,427 | = | 0.0% |
| Distributable reserves | 133 | €3,800 | €3,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €104,218 | €129,268 | +€25,050 | +24.0% |
| Amounts payable within one year | 42/48 | €104,218 | €129,222 | +€25,004 | +24.0% |
| Trade debts | 44 | €16,814 | €5,598 | -€11,217 | -66.7% |
| Suppliers | 440/4 | €16,814 | €5,598 | -€11,217 | -66.7% |
| Taxes, remuneration and social security | 45 | €30,759 | €49,030 | +€18,271 | +59.4% |
| Taxes | 450/3 | €13,124 | €28,307 | +€15,183 | +116% |
| Remuneration and social security | 454/9 | €17,635 | €20,723 | +€3,088 | +17.5% |
| Other amounts payable | 47/48 | €56,645 | €74,595 | +€17,949 | +31.7% |
| Accrued charges and deferred income | 492/3 | - | €46 | +€46 | |
| Remuneration, social security and pensions | 62 | €129,715 | €156,349 | +€26,634 | +20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,549 | €38,683 | -€2,866 | -6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€259 | -€259 | |
| Other operating charges | 640/8 | €2,933 | €7,387 | +€4,454 | +152% |
| Gross operating margin | 9900 | €493,041 | €530,967 | +€37,926 | +7.7% |
| Operating profit (loss) | 9901 | €318,844 | €328,807 | +€9,963 | +3.1% |
| Financial income | 75/76B | €2,988 | €3,810 | +€823 | +27.5% |
| Recurring financial income | 75 | €2,988 | €3,810 | +€823 | +27.5% |
| Financial charges | 65/66B | €97 | €54 | -€43 | -44.4% |
| Recurring financial charges | 65 | €97 | €54 | -€43 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €321,734 | €332,563 | +€10,829 | +3.4% |
| Income taxes | 67/77 | €101,039 | €107,105 | +€6,066 | +6.0% |
| Profit (loss) for the period | 9904 | €220,695 | €225,458 | +€4,763 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €220,695 | €225,458 | +€4,763 | +2.2% |
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 27 October 2026 via checked.be.