Lybaert Dirk: 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.
Lybaert Dirk
Largest movements
- Cash +€230,128
up €230,128 (+47.8%), from €481,709 to €711,837
mainly Net result for the year (+€237,457) and Depreciation (+€37,936)
- Receivables within one year +€41,018
up €41,018 (+34.2%), from €119,817 to €160,834
of which Other amounts receivable: +€22,861
- Tangible fixed assets -€33,607
down €33,607 (-36.4%), from €92,393 to €58,786
of which Furniture and vehicles: -€22,181
- Reserves +€235,739
up €235,739 (+36.7%), from €642,969 to €878,709
- Trade debts +€10,346
up €10,346 (+147%), from €7,049 to €17,395
- Gross operating margin +€110,954
up €110,954 (+39.4%), from €281,436 to €392,390
- Taxes +€37,377
up €37,377 (+48.2%), from €77,529 to €114,906
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 | €706,114 | €948,887 | +€242,773 | +34.4% |
| Fixed assets | 21/28 | €92,643 | €58,786 | -€33,857 | -36.5% |
| Intangible fixed assets | 21 | €250 | - | -€250 | |
| Tangible fixed assets | 22/27 | €92,393 | €58,786 | -€33,607 | -36.4% |
| Plant, machinery and equipment | 23 | €21,110 | €13,937 | -€7,173 | -34.0% |
| Furniture and vehicles | 24 | €59,621 | €37,440 | -€22,181 | -37.2% |
| Other tangible fixed assets | 26 | €11,662 | €7,409 | -€4,253 | -36.5% |
| Current assets | 29/58 | €613,471 | €890,101 | +€276,630 | +45.1% |
| Stocks and contracts in progress | 3 | €11,344 | €13,434 | +€2,090 | +18.4% |
| Stocks | 30/36 | €11,344 | €13,434 | +€2,090 | +18.4% |
| Amounts receivable within one year | 40/41 | €119,817 | €160,834 | +€41,018 | +34.2% |
| Trade receivables | 40 | €119,817 | €137,973 | +€18,157 | +15.2% |
| Other amounts receivable | 41 | - | €22,861 | +€22,861 | |
| Cash at bank and in hand | 54/58 | €481,709 | €711,837 | +€230,128 | +47.8% |
| Deferred charges and accrued income | 490/1 | €601 | €3,995 | +€3,394 | +565% |
| Total equity and liabilities | 10/49 | €706,114 | €948,887 | +€242,773 | +34.4% |
| Equity | 10/15 | €661,569 | €897,309 | +€235,739 | +35.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €642,969 | €878,709 | +€235,739 | +36.7% |
| Distributable reserves | 133 | €642,969 | €878,709 | +€235,739 | +36.7% |
| Amounts payable | 17/49 | €44,544 | €51,578 | +€7,034 | +15.8% |
| Amounts payable within one year | 42/48 | €39,294 | €51,578 | +€12,284 | +31.3% |
| Trade debts | 44 | €7,049 | €17,395 | +€10,346 | +147% |
| Suppliers | 440/4 | €7,049 | €17,395 | +€10,346 | +147% |
| Taxes, remuneration and social security | 45 | €25,452 | €32,465 | +€7,012 | +27.6% |
| Taxes | 450/3 | €25,452 | €32,465 | +€7,012 | +27.6% |
| Other amounts payable | 47/48 | €6,793 | €1,718 | -€5,075 | -74.7% |
| Accrued charges and deferred income | 492/3 | €5,250 | - | -€5,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,634 | €37,936 | +€302 | +0.8% |
| Other operating charges | 640/8 | €3,630 | €1,669 | -€1,960 | -54.0% |
| Gross operating margin | 9900 | €281,436 | €392,390 | +€110,954 | +39.4% |
| Operating profit (loss) | 9901 | €240,172 | €352,785 | +€112,612 | +46.9% |
| Financial charges | 65/66B | €384 | €422 | +€38 | +9.8% |
| Recurring financial charges | 65 | €384 | €422 | +€38 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €239,789 | €352,363 | +€112,575 | +46.9% |
| Income taxes | 67/77 | €77,529 | €114,906 | +€37,377 | +48.2% |
| Profit (loss) for the period | 9904 | €162,260 | €237,457 | +€75,197 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €162,260 | €237,457 | +€75,197 | +46.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.