O LIBAN GROUP: 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.
O LIBAN GROUP
Largest movements
- Receivables within one year -€213,325
down €213,325 (-42.0%), from €508,107 to €294,782
of which Other amounts receivable: -€208,481
- Tangible fixed assets +€171,482
up €171,482 (+16.2%), from €1.1m to €1.2m
of which Other tangible fixed assets: +€223,829
- Receivables after one year +€82,500
up €82,500 (+45.3%), from €182,200 to €264,700
- Trade debts +€299,772
up €299,772 (+91.5%), from €327,757 to €627,529
- Profit (loss) carried forward -€296,219
down €296,219 (-31.5%), from -€940,779 to -€1.2m
- Current portion of long-term debt +€27,830
up €27,830 (+119.8%), from €23,230 to €51,060
- Debts after one year +€27,757
up €27,757 (+1.2%), from €2.3m to €2.3m
of which Financial debts: +€81,934
- Gross operating margin +€113,542
up €113,542 (+169.3%), from €67,062 to €180,605
- Staff costs +€76,140
up €76,140 (+35.1%), from €217,026 to €293,166
- Depreciation +€16,980
up €16,980 (+10.2%), from €166,379 to €183,359
- Financial charges +€3,591
up €3,591 (+28.9%), from €12,413 to €16,004
- Other operating charges -€3,026
down €3,026 (-68.5%), from €4,419 to €1,393
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 | €1,881,972 | €1,906,177 | +€24,205 | +1.3% |
| Fixed assets | 21/28 | €1,101,733 | €1,270,082 | +€168,349 | +15.3% |
| Intangible fixed assets | 21 | €3,133 | - | -€3,133 | |
| Tangible fixed assets | 22/27 | €1,060,995 | €1,232,477 | +€171,482 | +16.2% |
| Plant, machinery and equipment | 23 | €7,550 | €5,252 | -€2,298 | -30.4% |
| Furniture and vehicles | 24 | €115,588 | €82,509 | -€33,080 | -28.6% |
| Leasing and similar rights | 25 | €106,054 | €89,086 | -€16,969 | -16.0% |
| Other tangible fixed assets | 26 | €831,802 | €1,055,631 | +€223,829 | +26.9% |
| Financial fixed assets | 28 | €37,605 | €37,605 | = | 0.0% |
| Current assets | 29/58 | €780,239 | €636,095 | -€144,145 | -18.5% |
| Amounts receivable after more than one year | 29 | €182,200 | €264,700 | +€82,500 | +45.3% |
| Other amounts receivable | 291 | €182,200 | €264,700 | +€82,500 | +45.3% |
| Stocks and contracts in progress | 3 | €36,118 | €28,702 | -€7,416 | -20.5% |
| Stocks | 30/36 | €36,118 | €28,702 | -€7,416 | -20.5% |
| Amounts receivable within one year | 40/41 | €508,107 | €294,782 | -€213,325 | -42.0% |
| Trade receivables | 40 | €230,083 | €225,239 | -€4,843 | -2.1% |
| Other amounts receivable | 41 | €278,024 | €69,542 | -€208,481 | -75.0% |
| Cash at bank and in hand | 54/58 | €52,613 | €45,770 | -€6,844 | -13.0% |
| Deferred charges and accrued income | 490/1 | €1,201 | €2,141 | +€940 | +78.3% |
| Total equity and liabilities | 10/49 | €1,881,972 | €1,906,177 | +€24,205 | +1.3% |
| Equity | 10/15 | -€816,665 | -€1,127,300 | -€310,635 | -38.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€940,779 | -€1,236,998 | -€296,219 | -31.5% |
| Investment grants | 15 | €117,914 | €103,498 | -€14,417 | -12.2% |
| Amounts payable | 17/49 | €2,698,636 | €3,033,477 | +€334,840 | +12.4% |
| Amounts payable after more than one year | 17 | €2,287,761 | €2,315,518 | +€27,757 | +1.2% |
| Financial debts | 170/4 | €34,950 | €116,884 | +€81,934 | +234.4% |
| Other amounts payable | 178/9 | €2,252,811 | €2,198,634 | -€54,177 | -2.4% |
| Amounts payable within one year | 42/48 | €410,875 | €717,959 | +€307,083 | +74.7% |
| Current portion of amounts payable after more than one year | 42 | €23,230 | €51,060 | +€27,830 | +119.8% |
| Trade debts | 44 | €327,757 | €627,529 | +€299,772 | +91.5% |
| Suppliers | 440/4 | €327,757 | €627,529 | +€299,772 | +91.5% |
| Taxes, remuneration and social security | 45 | €47,699 | €39,370 | -€8,329 | -17.5% |
| Taxes | 450/3 | €12,490 | - | -€12,490 | |
| Remuneration and social security | 454/9 | €35,209 | €39,370 | +€4,161 | +11.8% |
| Other amounts payable | 47/48 | €12,189 | - | -€12,189 | |
| Remuneration, social security and pensions | 62 | €217,026 | €293,166 | +€76,140 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,379 | €183,359 | +€16,980 | +10.2% |
| Other operating charges | 640/8 | €4,419 | €1,393 | -€3,026 | -68.5% |
| Gross operating margin | 9900 | €67,062 | €180,605 | +€113,542 | +169.3% |
| Operating profit (loss) | 9901 | -€320,762 | -€297,313 | +€23,448 | +7.3% |
| Financial income | 75/76B | €15,892 | €17,099 | +€1,206 | +7.6% |
| Recurring financial income | 75 | €15,892 | €17,099 | +€1,206 | +7.6% |
| Financial charges | 65/66B | €12,413 | €16,004 | +€3,591 | +28.9% |
| Recurring financial charges | 65 | €12,413 | €16,004 | +€3,591 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | -€317,282 | -€296,219 | +€21,064 | +6.6% |
| Profit (loss) for the period | 9904 | -€317,282 | -€296,219 | +€21,064 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€317,282 | -€296,219 | +€21,064 | +6.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.