LIBERTE: 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.
LIBERTE
Largest movements
- Intangible fixed assets -€2,000
down €2,000 (-100%), from €2,000 to €0
- Cash +€1,727
up €1,727 (+125%), from €1,379 to €3,106
mainly Tax, wage and social debts (+€4,973) and Trade debts (+€4,023)
- Receivables within one year -€1,418
no longer reported in 2025 (was €1,418)
- Tangible fixed assets -€405
down €405 (-25.0%), from €1,620 to €1,215
of which Land and buildings: -€1,620
- Stocks and contracts -€150
down €150 (-3.2%), from €4,699 to €4,549
- Profit (loss) carried forward -€12,742
down €12,742 (-113%), from -€11,256 to -€23,997
- Tax, wage and social debts +€4,973
up €4,973 (+170%), from €2,926 to €7,899
of which Remuneration and social security: +€3,391
- Trade debts +€4,023
up €4,023 (+422%), from €953 to €4,976
- Other debts +€1,400
new in 2025: €1,400
- Staff costs +€21,448
new in 2025: €21,448
- Gross operating margin +€7,235
up €7,235 (+79.7%), from €9,083 to €16,318
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 | €11,478 | €9,133 | -€2,346 | -20.4% |
| Fixed assets | 21/28 | €3,983 | €1,478 | -€2,505 | -62.9% |
| Intangible fixed assets | 21 | €2,000 | €0 | -€2,000 | -100% |
| Tangible fixed assets | 22/27 | €1,620 | €1,215 | -€405 | -25.0% |
| Land and buildings | 22 | €1,620 | - | -€1,620 | |
| Plant, machinery and equipment | 23 | - | €1,215 | +€1,215 | |
| Financial fixed assets | 28 | €363 | €263 | -€100 | -27.5% |
| Current assets | 29/58 | €7,495 | €7,655 | +€159 | +2.1% |
| Stocks and contracts in progress | 3 | €4,699 | €4,549 | -€150 | -3.2% |
| Stocks | 30/36 | €4,699 | €4,549 | -€150 | -3.2% |
| Amounts receivable within one year | 40/41 | €1,418 | - | -€1,418 | |
| Other amounts receivable | 41 | €1,418 | - | -€1,418 | |
| Cash at bank and in hand | 54/58 | €1,379 | €3,106 | +€1,727 | +125% |
| Total equity and liabilities | 10/49 | €11,478 | €9,133 | -€2,346 | -20.4% |
| Equity | 10/15 | €7,600 | -€5,142 | -€12,742 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €255 | €255 | = | 0.0% |
| Non-distributable reserves | 130/1 | €255 | €255 | = | 0.0% |
| Reserves not available under the articles | 1311 | €255 | €255 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,256 | -€23,997 | -€12,742 | -113% |
| Amounts payable | 17/49 | €3,879 | €14,275 | +€10,396 | +268% |
| Amounts payable within one year | 42/48 | €3,879 | €14,275 | +€10,396 | +268% |
| Trade debts | 44 | €953 | €4,976 | +€4,023 | +422% |
| Suppliers | 440/4 | €953 | €4,976 | +€4,023 | +422% |
| Taxes, remuneration and social security | 45 | €2,926 | €7,899 | +€4,973 | +170% |
| Taxes | 450/3 | €2,569 | €4,152 | +€1,583 | +61.6% |
| Remuneration and social security | 454/9 | €357 | €3,748 | +€3,391 | +950% |
| Other amounts payable | 47/48 | - | €1,400 | +€1,400 | |
| Remuneration, social security and pensions | 62 | - | €21,448 | +€21,448 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,405 | €2,405 | = | 0.0% |
| Other operating charges | 640/8 | €4,889 | €5,041 | +€152 | +3.1% |
| Gross operating margin | 9900 | €9,083 | €16,318 | +€7,235 | +79.7% |
| Operating profit (loss) | 9901 | €1,790 | -€12,576 | -€14,365 | |
| Financial charges | 65/66B | €242 | €166 | -€76 | -31.5% |
| Recurring financial charges | 65 | €242 | €166 | -€76 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €1,547 | -€12,742 | -€14,289 | |
| Profit (loss) for the period | 9904 | €1,547 | -€12,742 | -€14,289 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,547 | -€12,742 | -€14,289 |
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 19 October 2026 via checked.be.