LUC LYBAERT: 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.
LUC LYBAERT
Largest movements
- Receivables within one year +€82,500
up €82,500 (+4108.7%), from €2,008 to €84,508
- Tangible fixed assets -€66,999
no longer reported in 2022 (was €66,999)
of which Other tangible fixed assets: -€64,657
- Cash +€4,612
up €4,612 (+93.6%), from €4,925 to €9,537
mainly Investment in fixed assets (net) (+€70,647) and Net result for the year (+€36,321)
- Financial fixed assets -€3,648
no longer reported in 2022 (was €3,648)
- Reserves +€36,321
up €36,321 (+1046.0%), from €3,473 to €39,794
of which Distributable reserves: +€36,321
- Other debts -€19,946
down €19,946 (-44.0%), from €45,340 to €25,395
- Trade debts -€11,146
down €11,146 (-81.2%), from €13,727 to €2,581
- Tax, wage and social debts +€10,016
up €10,016 (+196.2%), from €5,106 to €15,122
- Short-term financial debts +€2,310
up €2,310 (+23.5%), from €9,825 to €12,136
- Gross operating margin +€69,430
up €69,430, from -€13,486 to €55,944
- Provisions +€30,000
no longer reported in 2022 (was -€30,000)
- Depreciation -€19,476
no longer reported in 2022 (was €19,476)
- Taxes +€14,523
up €14,523 (+5020.2%), from €289 to €14,812
- Other operating charges -€1,933
down €1,933 (-38.3%), from €5,050 to €3,117
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,580 | €94,045 | +€16,464 | +21.2% |
| Fixed assets | 21/28 | €70,647 | - | -€70,647 | |
| Tangible fixed assets | 22/27 | €66,999 | - | -€66,999 | |
| Plant, machinery and equipment | 23 | €2,342 | - | -€2,342 | |
| Other tangible fixed assets | 26 | €64,657 | - | -€64,657 | |
| Financial fixed assets | 28 | €3,648 | - | -€3,648 | |
| Current assets | 29/58 | €6,933 | €94,045 | +€87,112 | +1256.5% |
| Amounts receivable within one year | 40/41 | €2,008 | €84,508 | +€82,500 | +4108.7% |
| Other amounts receivable | 41 | €2,008 | €84,508 | +€82,500 | +4108.7% |
| Cash at bank and in hand | 54/58 | €4,925 | €9,537 | +€4,612 | +93.6% |
| Total equity and liabilities | 10/49 | €77,580 | €94,045 | +€16,464 | +21.2% |
| Equity | 10/15 | -€45,497 | -€9,176 | +€36,321 | +79.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €3,473 | €39,794 | +€36,321 | +1046.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,613 | €1,613 | = | 0.0% |
| Distributable reserves | 133 | - | €36,321 | +€36,321 | |
| Profit (loss) carried forward | 14 | -€55,167 | -€55,167 | = | 0.0% |
| Provisions and deferred taxes | 16 | €47,987 | €47,987 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €47,987 | €47,987 | = | 0.0% |
| Pensions and similar obligations | 160 | €47,987 | €47,987 | = | 0.0% |
| Amounts payable | 17/49 | €75,090 | €55,234 | -€19,857 | -26.4% |
| Amounts payable within one year | 42/48 | €75,090 | €55,234 | -€19,857 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €1,091 | - | -€1,091 | |
| Financial debts | 43 | €9,825 | €12,136 | +€2,310 | +23.5% |
| Credit institutions | 430/8 | €9,825 | €12,136 | +€2,310 | +23.5% |
| Trade debts | 44 | €13,727 | €2,581 | -€11,146 | -81.2% |
| Suppliers | 440/4 | €13,727 | €2,581 | -€11,146 | -81.2% |
| Taxes, remuneration and social security | 45 | €5,106 | €15,122 | +€10,016 | +196.2% |
| Taxes | 450/3 | €5,106 | €15,122 | +€10,016 | +196.2% |
| Other amounts payable | 47/48 | €45,340 | €25,395 | -€19,946 | -44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,476 | - | -€19,476 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | - | +€30,000 | |
| Other operating charges | 640/8 | €5,050 | €3,117 | -€1,933 | -38.3% |
| Gross operating margin | 9900 | -€13,486 | €55,944 | +€69,430 | |
| Operating profit (loss) | 9901 | -€8,012 | €52,827 | +€60,839 | |
| Financial charges | 65/66B | €2,561 | €1,694 | -€867 | -33.9% |
| Recurring financial charges | 65 | €2,561 | €1,694 | -€867 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | -€10,573 | €51,133 | +€61,706 | |
| Income taxes | 67/77 | €289 | €14,812 | +€14,523 | +5020.2% |
| Profit (loss) for the period | 9904 | -€10,862 | €36,321 | +€47,183 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,862 | €36,321 | +€47,183 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.