LIBERCO: 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.
LIBERCO
Largest movements
- Cash -€17,432
down €17,432 (-91.3%), from €19,087 to €1,655
mainly Debts after one year (-€226,664) and Current portion of long-term debt (-€73,656)
- Reserves +€300,000
up €300,000 (+39.9%), from €751,860 to €1.1m
of which Distributable reserves: +€301,860
- Debts after one year -€226,664
down €226,664 (-30.3%), from €748,505 to €521,841
- Current portion of long-term debt -€73,656
down €73,656 (-82.7%), from €89,069 to €15,413
- Short-term financial debts -€24,914
no longer reported in 2025 (was €24,914)
- Financial income +€200,000
new in 2025: €200,000
of which Financial income: +€200,000
- Gross operating margin -€17,365
down €17,365 (-10.1%), from €171,674 to €154,309
- Financial charges -€2,947
down €2,947 (-31.5%), from €9,360 to €6,413
- Taxes -€2,916
down €2,916 (-7.6%), from €38,121 to €35,205
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 | €1,680,712 | €1,662,304 | -€18,408 | -1.1% |
| Fixed assets | 21/28 | €1,649,354 | €1,649,006 | -€348 | 0.0% |
| Tangible fixed assets | 22/27 | €1,254 | €906 | -€348 | -27.7% |
| Land and buildings | 22 | €1,254 | €906 | -€348 | -27.7% |
| Financial fixed assets | 28 | €1,648,100 | €1,648,100 | = | 0.0% |
| Current assets | 29/58 | €31,358 | €13,298 | -€18,060 | -57.6% |
| Amounts receivable within one year | 40/41 | €2,272 | €393 | -€1,879 | -82.7% |
| Other amounts receivable | 41 | €2,272 | €393 | -€1,879 | -82.7% |
| Cash at bank and in hand | 54/58 | €19,087 | €1,655 | -€17,432 | -91.3% |
| Deferred charges and accrued income | 490/1 | €10,000 | €11,250 | +€1,250 | +12.5% |
| Total equity and liabilities | 10/49 | €1,680,712 | €1,662,304 | -€18,408 | -1.1% |
| Equity | 10/15 | €785,758 | €1,086,803 | +€301,045 | +38.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €751,860 | €1,051,860 | +€300,000 | +39.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €750,000 | €1,051,860 | +€301,860 | +40.2% |
| Profit (loss) carried forward | 14 | €21,498 | €22,543 | +€1,045 | +4.9% |
| Amounts payable | 17/49 | €894,954 | €575,501 | -€319,454 | -35.7% |
| Amounts payable after more than one year | 17 | €748,505 | €521,841 | -€226,664 | -30.3% |
| Other amounts payable | 178/9 | €748,505 | €521,841 | -€226,664 | -30.3% |
| Amounts payable within one year | 42/48 | €146,057 | €52,776 | -€93,281 | -63.9% |
| Current portion of amounts payable after more than one year | 42 | €89,069 | €15,413 | -€73,656 | -82.7% |
| Financial debts | 43 | €24,914 | - | -€24,914 | |
| Credit institutions | 430/8 | €24,914 | - | -€24,914 | |
| Trade debts | 44 | €2,634 | €3,599 | +€964 | +36.6% |
| Suppliers | 440/4 | €2,634 | €3,599 | +€964 | +36.6% |
| Taxes, remuneration and social security | 45 | €19,440 | €23,764 | +€4,324 | +22.2% |
| Taxes | 450/3 | €19,440 | €23,764 | +€4,324 | +22.2% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €392 | €884 | +€492 | +125.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348 | €348 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,259 | €1,297 | +€38 | +3.0% |
| Gross operating margin | 9900 | €171,674 | €154,309 | -€17,365 | -10.1% |
| Operating profit (loss) | 9901 | €170,067 | €152,664 | -€17,403 | -10.2% |
| Financial income | 75/76B | - | €200,000 | +€200,000 | |
| Recurring financial income | 75 | - | €200,000 | +€200,000 | |
| Non-recurring financial income | 76B | - | €200,000 | +€200,000 | |
| Financial charges | 65/66B | €9,360 | €6,413 | -€2,947 | -31.5% |
| Recurring financial charges | 65 | €9,360 | €6,413 | -€2,947 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €160,707 | €346,250 | +€185,543 | +115.5% |
| Income taxes | 67/77 | €38,121 | €35,205 | -€2,916 | -7.6% |
| Profit (loss) for the period | 9904 | €122,586 | €311,045 | +€188,459 | +153.7% |
| Profit (loss) for the period to be appropriated | 9905 | €122,586 | €311,045 | +€188,459 | +153.7% |
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 6 October 2026 via checked.be.