Libero: 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.
Libero
Largest movements
- Tangible fixed assets +€58,406
up €58,406 (+255%), from €22,936 to €81,342
of which Furniture and vehicles: +€59,638
- Cash -€23,498
down €23,498 (-16.8%), from €140,150 to €116,652
mainly Investment in fixed assets (net) (-€77,861) and Contributions, distributions and other (-€43,351)
- Receivables within one year -€18,172
down €18,172 (-32.9%), from €55,287 to €37,115
of which Trade receivables: -€40,190
- Debts after one year +€50,991
up €50,991, from €0 to €50,991
- Reserves -€20,167
down €20,167 (-10.9%), from €184,861 to €164,694
- Tax, wage and social debts -€14,357
down €14,357 (-72.9%), from €19,698 to €5,341
of which Taxes: -€15,324
- Current portion of long-term debt +€5,525
up €5,525 (+71.6%), from €7,714 to €13,239
- Trade debts -€5,100
down €5,100 (-100%), from €5,100 to €0
- Gross operating margin -€20,701
down €20,701 (-17.8%), from €116,062 to €95,361
- Taxes -€8,692
down €8,692 (-42.4%), from €20,520 to €11,828
- Depreciation +€8,094
up €8,094 (+71.3%), from €11,361 to €19,455
- Staff costs +€3,712
up €3,712 (+11.3%), from €32,714 to €36,425
- Other operating charges +€1,929
up €1,929 (+135%), from €1,426 to €3,354
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 | €218,373 | €235,265 | +€16,892 | +7.7% |
| Fixed assets | 21/28 | €22,936 | €81,342 | +€58,406 | +255% |
| Tangible fixed assets | 22/27 | €22,936 | €81,342 | +€58,406 | +255% |
| Plant, machinery and equipment | 23 | €5,822 | €5,657 | -€166 | -2.8% |
| Furniture and vehicles | 24 | €9,605 | €69,243 | +€59,638 | +621% |
| Other tangible fixed assets | 26 | €7,508 | €6,443 | -€1,066 | -14.2% |
| Current assets | 29/58 | €195,437 | €153,922 | -€41,514 | -21.2% |
| Amounts receivable within one year | 40/41 | €55,287 | €37,115 | -€18,172 | -32.9% |
| Trade receivables | 40 | €54,747 | €14,557 | -€40,190 | -73.4% |
| Other amounts receivable | 41 | €540 | €22,558 | +€22,018 | +4,077% |
| Cash at bank and in hand | 54/58 | €140,150 | €116,652 | -€23,498 | -16.8% |
| Deferred charges and accrued income | 490/1 | €0 | €156 | +€156 | |
| Total equity and liabilities | 10/49 | €218,373 | €235,265 | +€16,892 | +7.7% |
| Equity | 10/15 | €185,861 | €165,694 | -€20,167 | -10.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €184,861 | €164,694 | -€20,167 | -10.9% |
| Distributable reserves | 133 | €184,861 | €164,694 | -€20,167 | -10.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €32,512 | €69,571 | +€37,059 | +114% |
| Amounts payable after more than one year | 17 | €0 | €50,991 | +€50,991 | |
| Financial debts | 170/4 | €0 | €50,991 | +€50,991 | |
| Amounts payable within one year | 42/48 | €32,512 | €18,579 | -€13,932 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €7,714 | €13,239 | +€5,525 | +71.6% |
| Trade debts | 44 | €5,100 | €0 | -€5,100 | -100% |
| Suppliers | 440/4 | €5,100 | €0 | -€5,100 | -100% |
| Taxes, remuneration and social security | 45 | €19,698 | €5,341 | -€14,357 | -72.9% |
| Taxes | 450/3 | €15,713 | €389 | -€15,324 | -97.5% |
| Remuneration and social security | 454/9 | €3,985 | €4,951 | +€967 | +24.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €32,714 | €36,425 | +€3,712 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,361 | €19,455 | +€8,094 | +71.3% |
| Other operating charges | 640/8 | €1,426 | €3,354 | +€1,929 | +135% |
| Gross operating margin | 9900 | €116,062 | €95,361 | -€20,701 | -17.8% |
| Operating profit (loss) | 9901 | €70,562 | €36,126 | -€34,436 | -48.8% |
| Financial income | 75/76B | - | €170 | +€170 | |
| Recurring financial income | 75 | - | €170 | +€170 | |
| Financial charges | 65/66B | €737 | €1,285 | +€548 | +74.3% |
| Recurring financial charges | 65 | €737 | €1,285 | +€548 | +74.3% |
| Profit (loss) for the period before taxes | 9903 | €69,825 | €35,011 | -€34,814 | -49.9% |
| Income taxes | 67/77 | €20,520 | €11,828 | -€8,692 | -42.4% |
| Profit (loss) for the period | 9904 | €49,305 | €23,184 | -€26,122 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,305 | €23,184 | -€26,122 | -53.0% |
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 21 October 2026 via checked.be.