LIEBAER: 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.
LIEBAER
Largest movements
- Cash +€57,920
up €57,920 (+50.7%), from €114,191 to €172,111
mainly Net result for the year (+€74,984) and Tax, wage and social debts (+€21,019)
- Current investments +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Tangible fixed assets +€10,530
up €10,530 (+35.5%), from €29,643 to €40,173
of which Plant, machinery and equipment: +€10,364
- Receivables within one year -€3,891
down €3,891 (-22.2%), from €17,558 to €13,666
of which Other amounts receivable: -€3,851
- Reserves +€74,984
up €74,984 (+39.9%), from €187,745 to €262,729
- Tax, wage and social debts +€21,019
up €21,019 (+209.7%), from €10,024 to €31,044
of which Taxes: +€18,102
- Other operating charges -€4,237
down €4,237 (-46.4%), from €9,126 to €4,889
- Gross operating margin -€3,768
down €3,768 (-2.1%), from €179,661 to €175,893
- Depreciation +€3,085
up €3,085 (+47.1%), from €6,545 to €9,630
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 | €225,308 | €317,413 | +€92,105 | +40.9% |
| Fixed assets | 21/28 | €29,643 | €40,173 | +€10,530 | +35.5% |
| Tangible fixed assets | 22/27 | €29,643 | €40,173 | +€10,530 | +35.5% |
| Plant, machinery and equipment | 23 | €21,533 | €31,897 | +€10,364 | +48.1% |
| Other tangible fixed assets | 26 | €8,110 | €8,276 | +€166 | +2.0% |
| Current assets | 29/58 | €195,665 | €277,240 | +€81,575 | +41.7% |
| Stocks and contracts in progress | 3 | €13,383 | €15,883 | +€2,500 | +18.7% |
| Stocks | 30/36 | €13,383 | €15,883 | +€2,500 | +18.7% |
| Amounts receivable within one year | 40/41 | €17,558 | €13,666 | -€3,891 | -22.2% |
| Trade receivables | 40 | €593 | €553 | -€40 | -6.8% |
| Other amounts receivable | 41 | €16,965 | €13,114 | -€3,851 | -22.7% |
| Current investments | 50/53 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €114,191 | €172,111 | +€57,920 | +50.7% |
| Deferred charges and accrued income | 490/1 | €534 | €581 | +€47 | +8.7% |
| Total equity and liabilities | 10/49 | €225,308 | €317,413 | +€92,105 | +40.9% |
| Equity | 10/15 | €190,245 | €265,229 | +€74,984 | +39.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €187,745 | €262,729 | +€74,984 | +39.9% |
| Distributable reserves | 133 | €187,745 | €262,729 | +€74,984 | +39.9% |
| Amounts payable | 17/49 | €35,063 | €52,184 | +€17,121 | +48.8% |
| Amounts payable within one year | 42/48 | €35,063 | €52,184 | +€17,121 | +48.8% |
| Trade debts | 44 | €24,180 | €21,140 | -€3,039 | -12.6% |
| Suppliers | 440/4 | €24,180 | €21,140 | -€3,039 | -12.6% |
| Taxes, remuneration and social security | 45 | €10,024 | €31,044 | +€21,019 | +209.7% |
| Taxes | 450/3 | €6,332 | €24,434 | +€18,102 | +285.9% |
| Remuneration and social security | 454/9 | €3,692 | €6,610 | +€2,918 | +79.0% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Remuneration, social security and pensions | 62 | €68,139 | €67,532 | -€607 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,545 | €9,630 | +€3,085 | +47.1% |
| Other operating charges | 640/8 | €9,126 | €4,889 | -€4,237 | -46.4% |
| Gross operating margin | 9900 | €179,661 | €175,893 | -€3,768 | -2.1% |
| Operating profit (loss) | 9901 | €95,850 | €93,842 | -€2,008 | -2.1% |
| Financial income | 75/76B | €1,788 | €3,091 | +€1,303 | +72.9% |
| Recurring financial income | 75 | €1,788 | €3,091 | +€1,303 | +72.9% |
| Financial charges | 65/66B | €1,628 | €2,250 | +€622 | +38.2% |
| Recurring financial charges | 65 | €1,628 | €2,250 | +€622 | +38.2% |
| Profit (loss) for the period before taxes | 9903 | €96,010 | €94,683 | -€1,327 | -1.4% |
| Income taxes | 67/77 | €19,783 | €19,699 | -€84 | -0.4% |
| Profit (loss) for the period | 9904 | €76,227 | €74,984 | -€1,243 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,227 | €74,984 | -€1,243 | -1.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.