LIBRECO: 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.
LIBRECO
Largest movements
- Receivables within one year -€521,336
down €521,336 (-14.7%), from €3.5m to €3.0m
of which Trade receivables: -€324,583
- Stocks and contracts +€163,297
up €163,297 (+194.5%), from €83,959 to €247,256
of which Contracts in progress: +€218,756
- Cash +€57,344
up €57,344 (+184.6%), from €31,065 to €88,409
mainly Receivables within one year (+€521,336) and Short-term financial debts (+€121,504)
- Trade debts -€368,235
down €368,235 (-69.6%), from €529,155 to €160,920
- Short-term financial debts +€121,504
new in 2025: €121,504
- Debts after one year -€108,950
down €108,950 (-80.2%), from €135,885 to €26,935
- Financial income -€262,577
down €262,577 (-63.2%), from €415,376 to €152,800
- Staff costs -€195,401
down €195,401 (-14.4%), from €1.4m to €1.2m
- Gross operating margin +€73,893
up €73,893 (+7.4%), from €993,554 to €1.1m
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 | €3,749,056 | €3,434,531 | -€314,525 | -8.4% |
| Fixed assets | 21/28 | €86,200 | €72,370 | -€13,830 | -16.0% |
| Tangible fixed assets | 22/27 | €60,525 | €53,372 | -€7,153 | -11.8% |
| Plant, machinery and equipment | 23 | €56,254 | €52,051 | -€4,203 | -7.5% |
| Furniture and vehicles | 24 | €4,271 | €1,321 | -€2,950 | -69.1% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Financial fixed assets | 28 | €25,674 | €18,998 | -€6,676 | -26.0% |
| Current assets | 29/58 | €3,662,857 | €3,362,161 | -€300,696 | -8.2% |
| Stocks and contracts in progress | 3 | €83,959 | €247,256 | +€163,297 | +194.5% |
| Stocks | 30/36 | €83,959 | €28,500 | -€55,459 | -66.1% |
| Contracts in progress | 37 | - | €218,756 | +€218,756 | |
| Amounts receivable within one year | 40/41 | €3,547,833 | €3,026,497 | -€521,336 | -14.7% |
| Trade receivables | 40 | €680,199 | €355,616 | -€324,583 | -47.7% |
| Other amounts receivable | 41 | €2,867,634 | €2,670,880 | -€196,754 | -6.9% |
| Cash at bank and in hand | 54/58 | €31,065 | €88,409 | +€57,344 | +184.6% |
| Total equity and liabilities | 10/49 | €3,749,056 | €3,434,531 | -€314,525 | -8.4% |
| Equity | 10/15 | €2,659,684 | €2,663,275 | +€3,591 | +0.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,598,184 | €2,601,775 | +€3,591 | +0.1% |
| Non-distributable reserves | 130/1 | €6,198 | €6,198 | = | 0.0% |
| Legal reserve | 130 | €6,198 | €6,198 | = | 0.0% |
| Distributable reserves | 133 | €2,591,986 | €2,595,577 | +€3,591 | +0.1% |
| Amounts payable | 17/49 | €1,089,372 | €771,256 | -€318,116 | -29.2% |
| Amounts payable after more than one year | 17 | €135,885 | €26,935 | -€108,950 | -80.2% |
| Financial debts | 170/4 | €135,885 | €26,935 | -€108,950 | -80.2% |
| Amounts payable within one year | 42/48 | €651,087 | €441,922 | -€209,166 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €7,243 | €12,678 | +€5,435 | +75.0% |
| Financial debts | 43 | - | €121,504 | +€121,504 | |
| Other loans | 439 | - | €121,504 | +€121,504 | |
| Trade debts | 44 | €529,155 | €160,920 | -€368,235 | -69.6% |
| Suppliers | 440/4 | €529,155 | €160,920 | -€368,235 | -69.6% |
| Taxes, remuneration and social security | 45 | €114,690 | €146,820 | +€32,130 | +28.0% |
| Taxes | 450/3 | €59,698 | €63,197 | +€3,499 | +5.9% |
| Remuneration and social security | 454/9 | €54,992 | €83,623 | +€28,631 | +52.1% |
| Accrued charges and deferred income | 492/3 | €302,400 | €302,400 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,241 | +€3,241 | |
| Remuneration, social security and pensions | 62 | €1,355,361 | €1,159,960 | -€195,401 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,372 | €24,831 | +€2,459 | +11.0% |
| Other operating charges | 640/8 | €5,160 | €14,300 | +€9,140 | +177.1% |
| Gross operating margin | 9900 | €993,554 | €1,067,447 | +€73,893 | +7.4% |
| Operating profit (loss) | 9901 | -€389,339 | -€131,644 | +€257,695 | +66.2% |
| Financial income | 75/76B | €415,376 | €152,800 | -€262,577 | -63.2% |
| Recurring financial income | 75 | €415,376 | €152,800 | -€262,577 | -63.2% |
| Financial charges | 65/66B | €9,628 | €6,054 | -€3,574 | -37.1% |
| Recurring financial charges | 65 | €9,628 | €6,054 | -€3,574 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €16,409 | €15,101 | -€1,308 | -8.0% |
| Income taxes | 67/77 | €15,663 | €11,510 | -€4,153 | -26.5% |
| Profit (loss) for the period | 9904 | €746 | €3,591 | +€2,845 | +381.5% |
| Profit (loss) for the period to be appropriated | 9905 | €746 | €3,591 | +€2,845 | +381.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.