Libersa: 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.
Libersa
Largest movements
- Cash -€29,500
down €29,500 (-92.5%), from €31,880 to €2,380
mainly Receivables within one year (-€23,693) and Contributions, distributions and other (-€15,000)
- Receivables within one year +€23,693
up €23,693 (+97.2%), from €24,379 to €48,072
of which Trade receivables: +€25,281
- Tangible fixed assets -€13,045
down €13,045 (-27.9%), from €46,726 to €33,680
of which Furniture and vehicles: -€12,749
- Deferred charges and accrued income -€1,699
down €1,699 (-68.1%), from €2,495 to €797
- Other debts -€12,998
down €12,998 (-19.6%), from €66,392 to €53,393
- Trade debts -€4,191
down €4,191 (-81.8%), from €5,124 to €933
- Tax, wage and social debts -€1,881
down €1,881 (-16.9%), from €11,134 to €9,253
- Gross operating margin -€35,298
down €35,298 (-43.8%), from €80,549 to €45,251
- Taxes -€9,516
down €9,516 (-55.9%), from €17,018 to €7,503
- Other operating charges +€7,203
up €7,203 (+236%), from €3,052 to €10,255
- Financial income -€1,497
down €1,497 (-100%), from €1,497 to €0
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 | €105,480 | €84,929 | -€20,551 | -19.5% |
| Fixed assets | 21/28 | €46,726 | €33,680 | -€13,045 | -27.9% |
| Tangible fixed assets | 22/27 | €46,726 | €33,680 | -€13,045 | -27.9% |
| Plant, machinery and equipment | 23 | €1,134 | €839 | -€296 | -26.1% |
| Furniture and vehicles | 24 | €45,591 | €32,842 | -€12,749 | -28.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €58,754 | €51,249 | -€7,506 | -12.8% |
| Amounts receivable within one year | 40/41 | €24,379 | €48,072 | +€23,693 | +97.2% |
| Trade receivables | 40 | €20,943 | €46,224 | +€25,281 | +121% |
| Other amounts receivable | 41 | €3,436 | €1,848 | -€1,588 | -46.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €31,880 | €2,380 | -€29,500 | -92.5% |
| Deferred charges and accrued income | 490/1 | €2,495 | €797 | -€1,699 | -68.1% |
| Total equity and liabilities | 10/49 | €105,480 | €84,929 | -€20,551 | -19.5% |
| Equity | 10/15 | €22,000 | €21,350 | -€651 | -3.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €1,590 | €940 | -€651 | -40.9% |
| Amounts payable | 17/49 | €83,480 | €63,580 | -€19,900 | -23.8% |
| Amounts payable within one year | 42/48 | €82,650 | €63,580 | -€19,070 | -23.1% |
| Trade debts | 44 | €5,124 | €933 | -€4,191 | -81.8% |
| Suppliers | 440/4 | €5,124 | €933 | -€4,191 | -81.8% |
| Taxes, remuneration and social security | 45 | €11,134 | €9,253 | -€1,881 | -16.9% |
| Taxes | 450/3 | €11,134 | €9,253 | -€1,881 | -16.9% |
| Other amounts payable | 47/48 | €66,392 | €53,393 | -€12,998 | -19.6% |
| Accrued charges and deferred income | 492/3 | €830 | €0 | -€830 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,211 | €13,045 | -€165 | -1.3% |
| Other operating charges | 640/8 | €3,052 | €10,255 | +€7,203 | +236% |
| Gross operating margin | 9900 | €80,549 | €45,251 | -€35,298 | -43.8% |
| Operating profit (loss) | 9901 | €64,286 | €21,951 | -€42,336 | -65.9% |
| Financial income | 75/76B | €1,497 | €0 | -€1,497 | -100% |
| Recurring financial income | 75 | €1,497 | €0 | -€1,497 | -100% |
| Financial charges | 65/66B | €40 | €99 | +€59 | +150% |
| Recurring financial charges | 65 | €40 | €99 | +€59 | +150% |
| Profit (loss) for the period before taxes | 9903 | €65,744 | €21,852 | -€43,892 | -66.8% |
| Income taxes | 67/77 | €17,018 | €7,503 | -€9,516 | -55.9% |
| Profit (loss) for the period | 9904 | €48,725 | €14,349 | -€34,376 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,725 | €14,349 | -€34,376 | -70.6% |
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 15 October 2026 via checked.be.