Libernus: 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.
Libernus
Largest movements
- Receivables within one year +€102,649
up €102,649 (+589%), from €17,414 to €120,062
of which Other amounts receivable: +€97,778
- Cash -€61,265
down €61,265 (-45.0%), from €136,058 to €74,793
mainly Receivables within one year (-€102,649) and Investment in fixed assets (net) (-€16,211)
- Tangible fixed assets +€9,230
up €9,230 (+62.5%), from €14,763 to €23,993
of which Land and buildings: +€7,118
- Profit (loss) carried forward +€68,128
up €68,128 (+53.2%), from €128,086 to €196,214
- Tax, wage and social debts -€10,533
down €10,533 (-36.5%), from €28,855 to €18,322
of which Taxes: -€10,533
- Trade debts -€5,809
down €5,809 (-73.1%), from €7,948 to €2,139
- Other debts -€3,047
no longer reported in 2025 (was €3,047)
- Gross operating margin -€21,312
down €21,312 (-18.8%), from €113,384 to €92,071
- Taxes -€5,821
down €5,821 (-23.6%), from €24,628 to €18,807
- Depreciation +€3,828
up €3,828 (+121%), from €3,153 to €6,981
- Financial income +€2,614
up €2,614 (+26,136,800%), from €0 to €2,614
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 | €170,337 | €219,075 | +€48,738 | +28.6% |
| Fixed assets | 21/28 | €14,763 | €23,993 | +€9,230 | +62.5% |
| Tangible fixed assets | 22/27 | €14,763 | €23,993 | +€9,230 | +62.5% |
| Land and buildings | 22 | €3,991 | €11,109 | +€7,118 | +178% |
| Furniture and vehicles | 24 | €10,772 | €12,884 | +€2,112 | +19.6% |
| Current assets | 29/58 | €155,574 | €195,082 | +€39,508 | +25.4% |
| Amounts receivable within one year | 40/41 | €17,414 | €120,062 | +€102,649 | +589% |
| Trade receivables | 40 | €17,414 | €22,285 | +€4,871 | +28.0% |
| Other amounts receivable | 41 | €0 | €97,778 | +€97,778 | |
| Cash at bank and in hand | 54/58 | €136,058 | €74,793 | -€61,265 | -45.0% |
| Deferred charges and accrued income | 490/1 | €2,102 | €227 | -€1,875 | -89.2% |
| Total equity and liabilities | 10/49 | €170,337 | €219,075 | +€48,738 | +28.6% |
| Equity | 10/15 | €130,486 | €198,614 | +€68,128 | +52.2% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,086 | €196,214 | +€68,128 | +53.2% |
| Amounts payable | 17/49 | €39,851 | €20,461 | -€19,390 | -48.7% |
| Amounts payable within one year | 42/48 | €39,851 | €20,461 | -€19,390 | -48.7% |
| Trade debts | 44 | €7,948 | €2,139 | -€5,809 | -73.1% |
| Suppliers | 440/4 | €7,948 | €2,139 | -€5,809 | -73.1% |
| Taxes, remuneration and social security | 45 | €28,855 | €18,322 | -€10,533 | -36.5% |
| Taxes | 450/3 | €28,855 | €18,322 | -€10,533 | -36.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,047 | - | -€3,047 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,153 | €6,981 | +€3,828 | +121% |
| Other operating charges | 640/8 | €1,296 | €706 | -€591 | -45.6% |
| Gross operating margin | 9900 | €113,384 | €92,071 | -€21,312 | -18.8% |
| Operating profit (loss) | 9901 | €108,935 | €84,385 | -€24,550 | -22.5% |
| Financial income | 75/76B | €0 | €2,614 | +€2,614 | +26,136,800% |
| Recurring financial income | 75 | €0 | €2,614 | +€2,614 | +26,136,800% |
| Financial charges | 65/66B | €113 | €63 | -€50 | -43.9% |
| Recurring financial charges | 65 | €113 | €63 | -€50 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €108,822 | €86,935 | -€21,886 | -20.1% |
| Income taxes | 67/77 | €24,628 | €18,807 | -€5,821 | -23.6% |
| Profit (loss) for the period | 9904 | €84,194 | €68,128 | -€16,066 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €84,194 | €68,128 | -€16,066 | -19.1% |
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 20 October 2026 via checked.be.