LIBERTIMMO: 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.
LIBERTIMMO
Largest movements
- Tangible fixed assets +€234,520
up €234,520 (+55.0%), from €426,523 to €661,043
of which Land and buildings: +€249,958
- Receivables within one year -€58,609
down €58,609 (-79.9%), from €73,347 to €14,738
of which Trade receivables: -€61,138
- Other debts +€150,583
up €150,583 (+34.2%), from €440,618 to €591,201
- Debts after one year +€82,036
up €82,036 (+100.2%), from €81,856 to €163,893
- Trade debts -€52,766
down €52,766 (-73.2%), from €72,131 to €19,365
- Current portion of long-term debt +€8,942
up €8,942 (+107.5%), from €8,320 to €17,261
- Profit (loss) carried forward -€7,196
down €7,196 (-5.2%), from -€137,246 to -€144,441
- Financial income +€48,939
up €48,939 (+4893878.0%), from €1 to €48,940
of which Non-recurring financial income: +€48,592
- Gross operating margin -€39,365
down €39,365 (-85.4%), from €46,086 to €6,720
- Depreciation -€33,005
down €33,005 (-43.9%), from €75,112 to €42,107
- Other operating charges +€1,758
up €1,758 (+13.2%), from €13,289 to €15,047
- Financial charges +€494
up €494 (+11.3%), from €4,353 to €4,847
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 | €502,273 | €679,945 | +€177,673 | +35.4% |
| Fixed assets | 21/28 | €427,503 | €662,023 | +€234,520 | +54.9% |
| Tangible fixed assets | 22/27 | €426,523 | €661,043 | +€234,520 | +55.0% |
| Land and buildings | 22 | €374,615 | €624,572 | +€249,958 | +66.7% |
| Plant, machinery and equipment | 23 | €989 | €1,993 | +€1,005 | +101.6% |
| Furniture and vehicles | 24 | €50,920 | €34,478 | -€16,442 | -32.3% |
| Financial fixed assets | 28 | €980 | €980 | = | 0.0% |
| Current assets | 29/58 | €74,769 | €17,922 | -€56,848 | -76.0% |
| Amounts receivable within one year | 40/41 | €73,347 | €14,738 | -€58,609 | -79.9% |
| Trade receivables | 40 | €72,138 | €11,000 | -€61,138 | -84.8% |
| Other amounts receivable | 41 | €1,209 | €3,738 | +€2,529 | +209.2% |
| Cash at bank and in hand | 54/58 | €964 | €1,461 | +€497 | +51.6% |
| Deferred charges and accrued income | 490/1 | €459 | €1,723 | +€1,264 | +275.5% |
| Total equity and liabilities | 10/49 | €502,273 | €679,945 | +€177,673 | +35.4% |
| Equity | 10/15 | -€106,120 | -€113,315 | -€7,196 | -6.8% |
| Contributions | 10/11 | €31,126 | €31,126 | = | 0.0% |
| Outside capital | 11 | €31,126 | - | -€31,126 | |
| Share premium | 1100/10 | €31,126 | - | -€31,126 | |
| Profit (loss) carried forward | 14 | -€137,246 | -€144,441 | -€7,196 | -5.2% |
| Amounts payable | 17/49 | €608,392 | €793,261 | +€184,868 | +30.4% |
| Amounts payable after more than one year | 17 | €81,856 | €163,893 | +€82,036 | +100.2% |
| Financial debts | 170/4 | €81,856 | €163,893 | +€82,036 | +100.2% |
| Amounts payable within one year | 42/48 | €526,536 | €629,368 | +€102,832 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €8,320 | €17,261 | +€8,942 | +107.5% |
| Trade debts | 44 | €72,131 | €19,365 | -€52,766 | -73.2% |
| Suppliers | 440/4 | €72,131 | €19,365 | -€52,766 | -73.2% |
| Advances received on contracts in progress | 46 | €4,809 | - | -€4,809 | |
| Taxes, remuneration and social security | 45 | €659 | €1,541 | +€882 | +133.9% |
| Taxes | 450/3 | €659 | €841 | +€182 | +27.6% |
| Remuneration and social security | 454/9 | - | €700 | +€700 | |
| Other amounts payable | 47/48 | €440,618 | €591,201 | +€150,583 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,112 | €42,107 | -€33,005 | -43.9% |
| Other operating charges | 640/8 | €13,289 | €15,047 | +€1,758 | +13.2% |
| Gross operating margin | 9900 | €46,086 | €6,720 | -€39,365 | -85.4% |
| Operating profit (loss) | 9901 | -€42,316 | -€50,434 | -€8,118 | -19.2% |
| Financial income | 75/76B | €1 | €48,940 | +€48,939 | +4893878.0% |
| Recurring financial income | 75 | €1 | €347 | +€346 | +34631.0% |
| Non-recurring financial income | 76B | - | €48,592 | +€48,592 | |
| Financial charges | 65/66B | €4,353 | €4,847 | +€494 | +11.3% |
| Recurring financial charges | 65 | €4,353 | €4,847 | +€494 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | -€46,668 | -€6,341 | +€40,327 | +86.4% |
| Income taxes | 67/77 | €659 | €854 | +€196 | +29.7% |
| Profit (loss) for the period | 9904 | -€47,327 | -€7,196 | +€40,131 | +84.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,327 | -€7,196 | +€40,131 | +84.8% |
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 3 October 2026 via checked.be.