PODOLOGIE LIBEERT: 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.
PODOLOGIE LIBEERT
Largest movements
- Tangible fixed assets +€46,818
up €46,818 (+114%), from €41,055 to €87,873
of which Furniture and vehicles: +€36,003
- Cash -€15,576
down €15,576 (-11.8%), from €132,300 to €116,724
mainly Investment in fixed assets (net) (-€62,816) and Receivables within one year (-€7,019)
- Receivables within one year +€7,019
up €7,019 (+62.0%), from €11,312 to €18,331
of which Other amounts receivable: +€3,690
- Stocks and contracts +€4,635
up €4,635 (+43.1%), from €10,746 to €15,381
- Reserves +€40,954
up €40,954 (+26.2%), from €156,370 to €197,324
- Current portion of long-term debt -€4,000
down €4,000 (-100%), from €4,000 to €0
- Trade debts +€3,354
up €3,354 (+416%), from €805 to €4,160
- Gross operating margin +€12,235
up €12,235 (+20.3%), from €60,143 to €72,378
- Taxes +€2,609
up €2,609 (+23.6%), from €11,037 to €13,646
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 | €195,413 | €238,308 | +€42,895 | +22.0% |
| Fixed assets | 21/28 | €41,055 | €87,873 | +€46,818 | +114% |
| Tangible fixed assets | 22/27 | €41,055 | €87,873 | +€46,818 | +114% |
| Plant, machinery and equipment | 23 | €35,742 | €46,557 | +€10,815 | +30.3% |
| Furniture and vehicles | 24 | €5,313 | €41,316 | +€36,003 | +678% |
| Current assets | 29/58 | €154,358 | €150,435 | -€3,923 | -2.5% |
| Stocks and contracts in progress | 3 | €10,746 | €15,381 | +€4,635 | +43.1% |
| Stocks | 30/36 | €10,746 | €15,381 | +€4,635 | +43.1% |
| Amounts receivable within one year | 40/41 | €11,312 | €18,331 | +€7,019 | +62.0% |
| Trade receivables | 40 | €0 | €3,329 | +€3,329 | |
| Other amounts receivable | 41 | €11,312 | €15,002 | +€3,690 | +32.6% |
| Cash at bank and in hand | 54/58 | €132,300 | €116,724 | -€15,576 | -11.8% |
| Total equity and liabilities | 10/49 | €195,413 | €238,308 | +€42,895 | +22.0% |
| Equity | 10/15 | €174,970 | €215,924 | +€40,954 | +23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €156,370 | €197,324 | +€40,954 | +26.2% |
| Distributable reserves | 133 | €156,370 | €197,324 | +€40,954 | +26.2% |
| Amounts payable | 17/49 | €20,443 | €22,385 | +€1,941 | +9.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €20,144 | €22,098 | +€1,954 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €4,000 | €0 | -€4,000 | -100% |
| Trade debts | 44 | €805 | €4,160 | +€3,354 | +416% |
| Suppliers | 440/4 | €805 | €4,160 | +€3,354 | +416% |
| Taxes, remuneration and social security | 45 | €2,333 | €2,615 | +€282 | +12.1% |
| Taxes | 450/3 | €485 | €758 | +€274 | +56.5% |
| Remuneration and social security | 454/9 | €1,848 | €1,857 | +€9 | +0.5% |
| Other amounts payable | 47/48 | €13,005 | €15,323 | +€2,318 | +17.8% |
| Accrued charges and deferred income | 492/3 | €299 | €286 | -€13 | -4.4% |
| Non-recurring operating income | 76A | €0 | €1,151 | +€1,151 | |
| Remuneration, social security and pensions | 62 | €166 | €0 | -€166 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,340 | €15,998 | +€657 | +4.3% |
| Other operating charges | 640/8 | €639 | €684 | +€44 | +7.0% |
| Gross operating margin | 9900 | €60,143 | €72,378 | +€12,235 | +20.3% |
| Operating profit (loss) | 9901 | €43,998 | €55,697 | +€11,699 | +26.6% |
| Financial income | 75/76B | €104 | €89 | -€15 | -14.5% |
| Recurring financial income | 75 | €104 | €89 | -€15 | -14.5% |
| Financial charges | 65/66B | €1,425 | €1,186 | -€239 | -16.8% |
| Recurring financial charges | 65 | €1,425 | €1,186 | -€239 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €42,677 | €54,600 | +€11,923 | +27.9% |
| Income taxes | 67/77 | €11,037 | €13,646 | +€2,609 | +23.6% |
| Profit (loss) for the period | 9904 | €31,640 | €40,954 | +€9,314 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,640 | €40,954 | +€9,314 | +29.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.