Duo Liberi: what changed
What changed
Duo Liberi
filed annual accounts (NBB)
Net result for the year
-€44,844
2024 · €154,363-€199,207
Equity
€4.5m
2024 · €4.5m-€44,844
Cash
€34,946
2024 · €47,350-€12,404
Balance sheet total
€4.5m
2024 · €4.5m-€47,053
Largest movements
Assets
- Tangible fixed assets -€105,598
down €105,598 (-2.8%), from €3.8m to €3.7m
of which Land and buildings: -€108,695
- Current investments +€73,416
up €73,416 (+10.8%), from €680,000 to €753,416
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€201,954
down €201,954 (-72.8%), from €277,421 to €75,467
- Taxes -€15,436
down €15,436 (-100%), from €15,436 to €0
- Depreciation +€11,888
up €11,888 (+12.0%), from €99,361 to €111,249
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.
Result 2024
€154,363
Gross operating margin
-€201,954
Depreciation
-€11,888
Other operating charges
+€227
Financial income
-€1,100
Financial charges
+€71
Taxes
+€15,436
Result 2025
-€44,844
raises the resultlowers the result
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.
From operations
+€66,662
Investment
-€79,067
Financing
€0
Cash 2024
€47,350
From operations (derived)
+€66,662
Net result for the year
-€44,844
Depreciation
+€111,249
Receivables within one year
+€433
Deferred charges and accrued income
+€2,034
Trade debts
-€551
Accrued charges and deferred income
-€1,658
Investment (derived)
-€79,067
Investment in fixed assets (net)
-€5,650
Current investments
-€73,416
Cash 2025
€34,946
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,534,698 | €4,487,645 | -€47,053 | -1.0% |
| Fixed assets | 21/28 | €3,790,477 | €3,684,879 | -€105,598 | -2.8% |
| Tangible fixed assets | 22/27 | €3,790,477 | €3,684,879 | -€105,598 | -2.8% |
| Land and buildings | 22 | €3,790,477 | €3,681,783 | -€108,695 | -2.9% |
| Plant, machinery and equipment | 23 | - | €1,146 | +€1,146 | |
| Furniture and vehicles | 24 | - | €1,950 | +€1,950 | |
| Current assets | 29/58 | €744,221 | €802,767 | +€58,545 | +7.9% |
| Amounts receivable within one year | 40/41 | €7,912 | €7,479 | -€433 | -5.5% |
| Trade receivables | 40 | €4,098 | €2,467 | -€1,631 | -39.8% |
| Other amounts receivable | 41 | €3,814 | €5,012 | +€1,198 | +31.4% |
| Current investments | 50/53 | €680,000 | €753,416 | +€73,416 | +10.8% |
| Cash at bank and in hand | 54/58 | €47,350 | €34,946 | -€12,404 | -26.2% |
| Deferred charges and accrued income | 490/1 | €8,958 | €6,925 | -€2,034 | -22.7% |
| Total equity and liabilities | 10/49 | €4,534,698 | €4,487,645 | -€47,053 | -1.0% |
| Equity | 10/15 | €4,500,191 | €4,455,347 | -€44,844 | -1.0% |
| Contributions | 10/11 | €2,102,227 | €2,102,227 | = | 0.0% |
| Reserves | 13 | €271,622 | €271,622 | = | 0.0% |
| Distributable reserves | 133 | €271,622 | €271,622 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,126,342 | €2,081,498 | -€44,844 | -2.1% |
| Amounts payable | 17/49 | €34,508 | €32,299 | -€2,209 | -6.4% |
| Amounts payable within one year | 42/48 | €31,876 | €31,325 | -€551 | -1.7% |
| Trade debts | 44 | €16,440 | €15,889 | -€551 | -3.4% |
| Suppliers | 440/4 | €16,440 | €15,889 | -€551 | -3.4% |
| Taxes, remuneration and social security | 45 | €15,436 | €15,436 | = | 0.0% |
| Taxes | 450/3 | €15,436 | €15,436 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,632 | €974 | -€1,658 | -63.0% |
| Non-recurring operating income | 76A | €177,440 | €0 | -€177,440 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,361 | €111,249 | +€11,888 | +12.0% |
| Other operating charges | 640/8 | €18,190 | €17,963 | -€227 | -1.2% |
| Gross operating margin | 9900 | €277,421 | €75,467 | -€201,954 | -72.8% |
| Operating profit (loss) | 9901 | €159,870 | -€53,745 | -€213,615 | |
| Financial income | 75/76B | €10,056 | €8,956 | -€1,100 | -10.9% |
| Recurring financial income | 75 | €10,056 | €8,956 | -€1,100 | -10.9% |
| Financial charges | 65/66B | €126 | €55 | -€71 | -56.5% |
| Recurring financial charges | 65 | €126 | €55 | -€71 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €169,799 | -€44,844 | -€214,643 | |
| Income taxes | 67/77 | €15,436 | €0 | -€15,436 | -100% |
| Profit (loss) for the period | 9904 | €154,363 | -€44,844 | -€199,207 | |
| Profit (loss) for the period to be appropriated | 9905 | €154,363 | -€44,844 | -€199,207 |
Next steps
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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 4 November 2026 via checked.be.