EXPERT DAVID LIBERMAN: what changed
EXPERT DAVID LIBERMAN
Largest movements
- Tangible fixed assets +€389,997
up €389,997 (+3,804%), from €10,252 to €400,249
of which Land and buildings: +€394,569
- Cash +€38,712
up €38,712 (+27.5%), from €140,574 to €179,286
mainly Debts after one year (+€402,080) and Net result for the year (+€101,124)
- Receivables within one year -€35,558
down €35,558 (-58.0%), from €61,331 to €25,773
of which Trade receivables: -€49,246
- Debts after one year +€402,080
up €402,080 (+503%), from €80,000 to €482,080
of which Financial debts: +€322,080
- Trade debts -€69,893
down €69,893 (-96.9%), from €72,107 to €2,215
- Tax, wage and social debts +€37,471
up €37,471 (+185%), from €20,237 to €57,708
- Profit (loss) carried forward +€21,124
up €21,124 (+135%), from €15,618 to €36,742
- Accrued charges and deferred income -€16,777
no longer reported in 2024 (was €16,777)
- Gross operating margin +€86,826
up €86,826 (+81.3%), from €106,798 to €193,623
- Other operating charges +€60,139
up €60,139 (+4,100%), from €1,467 to €61,606
- Financial charges +€6,516
up €6,516 (+1,470%), from €443 to €6,960
- Depreciation +€6,109
up €6,109 (+61.6%), from €9,916 to €16,025
- Taxes +€2,960
up €2,960 (+53.1%), from €5,570 to €8,529
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €212,240 | €605,408 | +€393,168 | +185% |
| Fixed assets | 21/28 | €10,335 | €400,332 | +€389,997 | +3,774% |
| Tangible fixed assets | 22/27 | €10,252 | €400,249 | +€389,997 | +3,804% |
| Land and buildings | 22 | - | €394,569 | +€394,569 | |
| Furniture and vehicles | 24 | €10,252 | €1,191 | -€9,061 | -88.4% |
| Other tangible fixed assets | 26 | - | €4,489 | +€4,489 | |
| Financial fixed assets | 28 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €201,905 | €205,076 | +€3,172 | +1.6% |
| Amounts receivable within one year | 40/41 | €61,331 | €25,773 | -€35,558 | -58.0% |
| Trade receivables | 40 | €60,653 | €11,407 | -€49,246 | -81.2% |
| Other amounts receivable | 41 | €678 | €14,366 | +€13,688 | +2,019% |
| Cash at bank and in hand | 54/58 | €140,574 | €179,286 | +€38,712 | +27.5% |
| Deferred charges and accrued income | 490/1 | - | €17 | +€17 | |
| Total equity and liabilities | 10/49 | €212,240 | €605,408 | +€393,168 | +185% |
| Equity | 10/15 | €23,118 | €44,242 | +€21,124 | +91.4% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,618 | €36,742 | +€21,124 | +135% |
| Amounts payable | 17/49 | €189,121 | €561,166 | +€372,044 | +197% |
| Amounts payable after more than one year | 17 | €80,000 | €482,080 | +€402,080 | +503% |
| Financial debts | 170/4 | - | €322,080 | +€322,080 | |
| Other amounts payable | 178/9 | €80,000 | €160,000 | +€80,000 | +100% |
| Amounts payable within one year | 42/48 | €92,344 | €79,085 | -€13,259 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | - | €12,053 | +€12,053 | |
| Trade debts | 44 | €72,107 | €2,215 | -€69,893 | -96.9% |
| Suppliers | 440/4 | €72,107 | €2,215 | -€69,893 | -96.9% |
| Taxes, remuneration and social security | 45 | €20,237 | €57,708 | +€37,471 | +185% |
| Taxes | 450/3 | €20,237 | €57,708 | +€37,471 | +185% |
| Other amounts payable | 47/48 | - | €7,110 | +€7,110 | |
| Accrued charges and deferred income | 492/3 | €16,777 | - | -€16,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,916 | €16,025 | +€6,109 | +61.6% |
| Other operating charges | 640/8 | €1,467 | €61,606 | +€60,139 | +4,100% |
| Gross operating margin | 9900 | €106,798 | €193,623 | +€86,826 | +81.3% |
| Operating profit (loss) | 9901 | €95,414 | €115,992 | +€20,578 | +21.6% |
| Financial income | 75/76B | €55 | €621 | +€565 | +1,019% |
| Recurring financial income | 75 | €55 | €621 | +€565 | +1,019% |
| Financial charges | 65/66B | €443 | €6,960 | +€6,516 | +1,470% |
| Recurring financial charges | 65 | €443 | €6,960 | +€6,516 | +1,470% |
| Profit (loss) for the period before taxes | 9903 | €95,026 | €109,653 | +€14,627 | +15.4% |
| Income taxes | 67/77 | €5,570 | €8,529 | +€2,960 | +53.1% |
| Profit (loss) for the period | 9904 | €89,457 | €101,124 | +€11,667 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,457 | €101,124 | +€11,667 | +13.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.