YASMIN LIBBRECHT: 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.
YASMIN LIBBRECHT
Largest movements
- Current investments +€65,208
new in 2025: €65,208
- Cash +€17,835
up €17,835 (+11.1%), from €160,287 to €178,122
mainly Net result for the year (+€73,683) and Tax, wage and social debts (+€3,221)
- Receivables within one year -€2,664
down €2,664 (-15.6%), from €17,074 to €14,410
- Reserves +€73,683
up €73,683 (+54.7%), from €134,583 to €208,266
- Tax, wage and social debts +€3,221
up €3,221 (+8.0%), from €40,140 to €43,361
- Gross operating margin +€5,144
up €5,144 (+5.8%), from €88,156 to €93,300
- Taxes +€1,190
up €1,190 (+6.6%), from €17,947 to €19,137
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 | €178,895 | €258,250 | +€79,355 | +44.4% |
| Fixed assets | 21/28 | €1,534 | €510 | -€1,024 | -66.8% |
| Tangible fixed assets | 22/27 | €1,534 | €510 | -€1,024 | -66.8% |
| Furniture and vehicles | 24 | €1,534 | €510 | -€1,024 | -66.8% |
| Current assets | 29/58 | €177,361 | €257,740 | +€80,379 | +45.3% |
| Amounts receivable within one year | 40/41 | €17,074 | €14,410 | -€2,664 | -15.6% |
| Trade receivables | 40 | €17,074 | €14,410 | -€2,664 | -15.6% |
| Current investments | 50/53 | - | €65,208 | +€65,208 | |
| Cash at bank and in hand | 54/58 | €160,287 | €178,122 | +€17,835 | +11.1% |
| Total equity and liabilities | 10/49 | €178,895 | €258,250 | +€79,355 | +44.4% |
| Equity | 10/15 | €136,083 | €209,766 | +€73,683 | +54.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €134,583 | €208,266 | +€73,683 | +54.7% |
| Distributable reserves | 133 | €134,583 | €208,266 | +€73,683 | +54.7% |
| Amounts payable | 17/49 | €42,812 | €48,484 | +€5,673 | +13.2% |
| Amounts payable within one year | 42/48 | €42,812 | €48,484 | +€5,673 | +13.2% |
| Trade debts | 44 | €340 | €693 | +€353 | +103.8% |
| Suppliers | 440/4 | €340 | €693 | +€353 | +103.8% |
| Taxes, remuneration and social security | 45 | €40,140 | €43,361 | +€3,221 | +8.0% |
| Taxes | 450/3 | €40,140 | €43,361 | +€3,221 | +8.0% |
| Other amounts payable | 47/48 | €2,332 | €4,431 | +€2,099 | +90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,024 | €1,024 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €88,156 | €93,300 | +€5,144 | +5.8% |
| Operating profit (loss) | 9901 | €87,013 | €92,155 | +€5,142 | +5.9% |
| Financial income | 75/76B | - | €708 | +€708 | |
| Recurring financial income | 75 | - | €708 | +€708 | |
| Financial charges | 65/66B | €39 | €43 | +€4 | +11.1% |
| Recurring financial charges | 65 | €39 | €43 | +€4 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €86,974 | €92,820 | +€5,846 | +6.7% |
| Income taxes | 67/77 | €17,947 | €19,137 | +€1,190 | +6.6% |
| Profit (loss) for the period | 9904 | €69,027 | €73,683 | +€4,656 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,027 | €73,683 | +€4,656 | +6.7% |
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 7 October 2026 via checked.be.