LIBERT Arnaud: 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.
LIBERT Arnaud
Largest movements
- Tangible fixed assets +€24,916
new in 2025: €24,916
- Cash +€8,280
up €8,280 (+169.4%), from €4,887 to €13,167
mainly Debts after one year (+€22,697) and Other debts (+€8,386)
- Receivables within one year -€2,538
down €2,538 (-29.5%), from €8,604 to €6,066
of which Trade receivables: -€1,896
- Debts after one year +€22,697
new in 2025: €22,697
- Other debts +€8,386
new in 2025: €8,386
- Profit (loss) carried forward -€7,736
no longer reported in 2025 (was €7,736)
- Current portion of long-term debt +€6,509
new in 2025: €6,509
- Tax, wage and social debts +€1,480
new in 2025: €1,480
- Depreciation +€8,074
new in 2025: €8,074
- Gross operating margin +€6,124
up €6,124 (+81.9%), from €7,479 to €13,603
- Financial charges +€889
up €889 (+1227.1%), from €72 to €961
- Taxes +€222
up €222 (+10.0%), from €2,217 to €2,438
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 | €13,595 | €44,447 | +€30,852 | +226.9% |
| Fixed assets | 21/28 | - | €24,916 | +€24,916 | |
| Tangible fixed assets | 22/27 | - | €24,916 | +€24,916 | |
| Furniture and vehicles | 24 | - | €24,916 | +€24,916 | |
| Current assets | 29/58 | €13,595 | €19,532 | +€5,936 | +43.7% |
| Amounts receivable within one year | 40/41 | €8,604 | €6,066 | -€2,538 | -29.5% |
| Trade receivables | 40 | €2,000 | €104 | -€1,896 | -94.8% |
| Other amounts receivable | 41 | €6,604 | €5,961 | -€642 | -9.7% |
| Cash at bank and in hand | 54/58 | €4,887 | €13,167 | +€8,280 | +169.4% |
| Deferred charges and accrued income | 490/1 | €104 | €299 | +€195 | +186.9% |
| Total equity and liabilities | 10/49 | €13,595 | €44,447 | +€30,852 | +226.9% |
| Equity | 10/15 | €10,736 | €3,000 | -€7,736 | -72.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,736 | - | -€7,736 | |
| Amounts payable | 17/49 | €2,859 | €41,447 | +€38,588 | +1349.8% |
| Amounts payable after more than one year | 17 | - | €22,697 | +€22,697 | |
| Financial debts | 170/4 | - | €22,697 | +€22,697 | |
| Amounts payable within one year | 42/48 | €512 | €16,375 | +€15,863 | +3097.6% |
| Current portion of amounts payable after more than one year | 42 | - | €6,509 | +€6,509 | |
| Trade debts | 44 | €512 | - | -€512 | |
| Suppliers | 440/4 | €512 | - | -€512 | |
| Taxes, remuneration and social security | 45 | - | €1,480 | +€1,480 | |
| Taxes | 450/3 | - | €1,480 | +€1,480 | |
| Other amounts payable | 47/48 | - | €8,386 | +€8,386 | |
| Accrued charges and deferred income | 492/3 | €2,347 | €2,375 | +€28 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,074 | +€8,074 | |
| Gross operating margin | 9900 | €7,479 | €13,603 | +€6,124 | +81.9% |
| Operating profit (loss) | 9901 | €7,479 | €5,529 | -€1,950 | -26.1% |
| Financial charges | 65/66B | €72 | €961 | +€889 | +1227.1% |
| Recurring financial charges | 65 | €72 | €961 | +€889 | +1227.1% |
| Profit (loss) for the period before taxes | 9903 | €7,407 | €4,568 | -€2,839 | -38.3% |
| Income taxes | 67/77 | €2,217 | €2,438 | +€222 | +10.0% |
| Profit (loss) for the period | 9904 | €5,190 | €2,129 | -€3,061 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,190 | €2,129 | -€3,061 | -59.0% |
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 30 September 2026 via checked.be.