LIBELSON: what changed
LIBELSON
Largest movements
- Tangible fixed assets -€3,150
down €3,150 (-8.4%), from €37,288 to €34,138
of which Plant, machinery and equipment: -€1,938
- Cash +€2,564
up €2,564 (+34.7%), from €7,387 to €9,951
mainly Net result for the year (+€9,346) and Depreciation (+€3,150)
- Receivables within one year +€804
up €804 (+22.1%), from €3,630 to €4,434
- Other debts -€10,720
down €10,720 (-14.5%), from €73,682 to €62,962
- Profit (loss) carried forward +€9,346
up €9,346 (+6.5%), from -€143,364 to -€134,018
- Trade debts +€1,592
up €1,592 (+159%), from €1,004 to €2,595
- Depreciation -€3,976
down €3,976 (-55.8%), from €7,125 to €3,150
- Taxes +€1,079
up €1,079 (+52.7%), from €2,046 to €3,126
- Gross operating margin +€668
up €668 (+3.7%), from €17,825 to €18,493
- Financial income -€227
no longer reported in 2025 (was €227)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,724 | €48,942 | +€218 | +0.4% |
| Fixed assets | 21/28 | €37,707 | €34,557 | -€3,150 | -8.4% |
| Tangible fixed assets | 22/27 | €37,288 | €34,138 | -€3,150 | -8.4% |
| Land and buildings | 22 | €20,000 | €20,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €12,808 | €10,870 | -€1,938 | -15.1% |
| Furniture and vehicles | 24 | €4,481 | €3,269 | -€1,212 | -27.1% |
| Financial fixed assets | 28 | €419 | €419 | = | 0.0% |
| Current assets | 29/58 | €11,017 | €14,384 | +€3,368 | +30.6% |
| Amounts receivable within one year | 40/41 | €3,630 | €4,434 | +€804 | +22.1% |
| Other amounts receivable | 41 | €3,630 | €4,434 | +€804 | +22.1% |
| Cash at bank and in hand | 54/58 | €7,387 | €9,951 | +€2,564 | +34.7% |
| Total equity and liabilities | 10/49 | €48,724 | €48,942 | +€218 | +0.4% |
| Equity | 10/15 | -€33,364 | -€24,018 | +€9,346 | +28.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,364 | -€134,018 | +€9,346 | +6.5% |
| Amounts payable | 17/49 | €82,088 | €72,959 | -€9,128 | -11.1% |
| Amounts payable after more than one year | 17 | €7,100 | €7,100 | = | 0.0% |
| Other amounts payable | 178/9 | €7,100 | €7,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,988 | €65,859 | -€9,128 | -12.2% |
| Trade debts | 44 | €1,004 | €2,595 | +€1,592 | +159% |
| Suppliers | 440/4 | €1,004 | €2,595 | +€1,592 | +159% |
| Taxes, remuneration and social security | 45 | €302 | €302 | = | 0.0% |
| Taxes | 450/3 | €302 | €302 | = | 0.0% |
| Other amounts payable | 47/48 | €73,682 | €62,962 | -€10,720 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,125 | €3,150 | -€3,976 | -55.8% |
| Other operating charges | 640/8 | €2,660 | €2,744 | +€83 | +3.1% |
| Gross operating margin | 9900 | €17,825 | €18,493 | +€668 | +3.7% |
| Operating profit (loss) | 9901 | €8,039 | €12,599 | +€4,560 | +56.7% |
| Financial income | 75/76B | €227 | - | -€227 | |
| Recurring financial income | 75 | €227 | - | -€227 | |
| Financial charges | 65/66B | €59 | €128 | +€68 | +115% |
| Recurring financial charges | 65 | €59 | €128 | +€68 | +115% |
| Profit (loss) for the period before taxes | 9903 | €8,207 | €12,472 | +€4,265 | +52.0% |
| Income taxes | 67/77 | €2,046 | €3,126 | +€1,079 | +52.7% |
| Profit (loss) for the period | 9904 | €6,161 | €9,346 | +€3,185 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,161 | €9,346 | +€3,185 | +51.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.