Liberi: what changed
Two financial 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.
Liberi
Largest movements
- Financial fixed assets +€137,427
up €137,427 (+2.9%), from €4.8m to €4.9m
- Receivables within one year -€63,017
down €63,017 (-38.8%), from €162,353 to €99,335
of which Trade receivables: -€63,523
- Reserves +€136,945
new in 2025: €136,945
- Trade debts -€90,162
down €90,162 (-99.2%), from €90,915 to €753
- Gross operating margin +€81,245
up €81,245 (+601%), from €13,515 to €94,759
- Taxes +€39,394
up €39,394 (+148%), from €26,689 to €66,082
- Financial charges -€10,989
down €10,989 (-27.5%), from €40,004 to €29,015
- Financial income +€4,043
up €4,043 (+3.0%), from €133,384 to €137,427
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.
Derived cash bridge
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 | €5,344,210 | €5,435,890 | +€91,680 | +1.7% |
| Fixed assets | 21/28 | €4,770,883 | €4,908,310 | +€137,427 | +2.9% |
| Financial fixed assets | 28 | €4,770,883 | €4,908,310 | +€137,427 | +2.9% |
| Current assets | 29/58 | €573,327 | €527,580 | -€45,747 | -8.0% |
| Amounts receivable within one year | 40/41 | €162,353 | €99,335 | -€63,017 | -38.8% |
| Trade receivables | 40 | €162,353 | €98,830 | -€63,523 | -39.1% |
| Other amounts receivable | 41 | - | €506 | +€506 | |
| Cash at bank and in hand | 54/58 | €410,780 | €428,045 | +€17,264 | +4.2% |
| Deferred charges and accrued income | 490/1 | €193 | €200 | +€7 | +3.5% |
| Total equity and liabilities | 10/49 | €5,344,210 | €5,435,890 | +€91,680 | +1.7% |
| Equity | 10/15 | €3,352,777 | €3,489,721 | +€136,945 | +4.1% |
| Contributions | 10/11 | €2,800,000 | €2,800,000 | = | 0.0% |
| Reserves | 13 | - | €136,945 | +€136,945 | |
| Distributable reserves | 133 | - | €136,945 | +€136,945 | |
| Profit (loss) carried forward | 14 | €552,777 | €552,777 | = | 0.0% |
| Amounts payable | 17/49 | €1,991,433 | €1,946,169 | -€45,265 | -2.3% |
| Amounts payable after more than one year | 17 | €1,813,527 | €1,813,527 | = | 0.0% |
| Financial debts | 170/4 | €1,813,527 | €1,813,527 | = | 0.0% |
| Amounts payable within one year | 42/48 | €122,495 | €48,524 | -€73,971 | -60.4% |
| Trade debts | 44 | €90,915 | €753 | -€90,162 | -99.2% |
| Suppliers | 440/4 | €90,915 | €753 | -€90,162 | -99.2% |
| Taxes, remuneration and social security | 45 | €31,580 | €47,771 | +€16,191 | +51.3% |
| Taxes | 450/3 | €31,580 | €47,771 | +€16,191 | +51.3% |
| Accrued charges and deferred income | 492/3 | €55,412 | €84,117 | +€28,706 | +51.8% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €13,515 | €94,759 | +€81,245 | +601% |
| Operating profit (loss) | 9901 | €13,374 | €94,615 | +€81,241 | +607% |
| Financial income | 75/76B | €133,384 | €137,427 | +€4,043 | +3.0% |
| Recurring financial income | 75 | €133,384 | €137,427 | +€4,043 | +3.0% |
| Financial charges | 65/66B | €40,004 | €29,015 | -€10,989 | -27.5% |
| Recurring financial charges | 65 | €40,004 | €29,015 | -€10,989 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €106,754 | €203,027 | +€96,273 | +90.2% |
| Income taxes | 67/77 | €26,689 | €66,082 | +€39,394 | +148% |
| Profit (loss) for the period | 9904 | €80,066 | €136,945 | +€56,879 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,066 | €136,945 | +€56,879 | +71.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.