Libertad: 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.
Libertad
Largest movements
- Cash +€35,431
up €35,431 (+70.6%), from €50,177 to €85,607
mainly Net result for the year (+€30,650) and Tax, wage and social debts (+€7,380)
- Receivables within one year +€4,840
new in 2025: €4,840
- Reserves +€30,650
up €30,650 (+89.8%), from €34,147 to €64,796
- Tax, wage and social debts +€7,380
up €7,380 (+54.5%), from €13,545 to €20,925
- Trade debts +€2,360
up €2,360 (+126.3%), from €1,869 to €4,228
- Gross operating margin -€3,136
down €3,136 (-7.3%), from €42,775 to €39,639
- Other operating charges +€688
new in 2025: €688
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 | €52,061 | €92,569 | +€40,509 | +77.8% |
| Current assets | 29/58 | €52,061 | €92,569 | +€40,509 | +77.8% |
| Amounts receivable within one year | 40/41 | - | €4,840 | +€4,840 | |
| Trade receivables | 40 | - | €4,840 | +€4,840 | |
| Cash at bank and in hand | 54/58 | €50,177 | €85,607 | +€35,431 | +70.6% |
| Deferred charges and accrued income | 490/1 | €1,884 | €2,122 | +€238 | +12.6% |
| Total equity and liabilities | 10/49 | €52,061 | €92,569 | +€40,509 | +77.8% |
| Equity | 10/15 | €36,647 | €67,296 | +€30,650 | +83.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €34,147 | €64,796 | +€30,650 | +89.8% |
| Distributable reserves | 133 | €34,147 | €64,796 | +€30,650 | +89.8% |
| Amounts payable | 17/49 | €15,414 | €25,273 | +€9,859 | +64.0% |
| Amounts payable within one year | 42/48 | €15,414 | €25,273 | +€9,859 | +64.0% |
| Trade debts | 44 | €1,869 | €4,228 | +€2,360 | +126.3% |
| Suppliers | 440/4 | €1,869 | €4,228 | +€2,360 | +126.3% |
| Taxes, remuneration and social security | 45 | €13,545 | €20,925 | +€7,380 | +54.5% |
| Taxes | 450/3 | €13,545 | €20,925 | +€7,380 | +54.5% |
| Other amounts payable | 47/48 | - | €119 | +€119 | |
| Other operating charges | 640/8 | - | €688 | +€688 | |
| Gross operating margin | 9900 | €42,775 | €39,639 | -€3,136 | -7.3% |
| Operating profit (loss) | 9901 | €42,775 | €38,951 | -€3,824 | -8.9% |
| Financial charges | 65/66B | - | €42 | +€42 | |
| Recurring financial charges | 65 | - | €42 | +€42 | |
| Profit (loss) for the period before taxes | 9903 | €42,775 | €38,909 | -€3,866 | -9.0% |
| Income taxes | 67/77 | €8,629 | €8,259 | -€369 | -4.3% |
| Profit (loss) for the period | 9904 | €34,147 | €30,650 | -€3,497 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,147 | €30,650 | -€3,497 | -10.2% |
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 11 October 2026 via checked.be.