LIBERTY: 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.
LIBERTY
Largest movements
- Tangible fixed assets -€11,280
down €11,280 (-9.3%), from €121,522 to €110,242
of which Land and buildings: -€11,025
- Cash -€2,020
down €2,020 (-87.4%), from €2,310 to €290
mainly Debts after one year (-€49,300) and Net result for the year (-€7,062)
- Debts after one year -€49,300
down €49,300 (-91.1%), from €54,114 to €4,814
- Other debts +€42,135
up €42,135 (+1273.0%), from €3,310 to €45,445
- Profit (loss) carried forward -€7,062
down €7,062 (-15.3%), from €46,223 to €39,161
- Gross operating margin -€12,586
down €12,586 (-61.0%), from €20,644 to €8,058
- Financial charges +€1,116
up €1,116 (+133.2%), from €838 to €1,954
- Other operating charges +€397
up €397 (+24.8%), from €1,603 to €2,000
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 | €124,585 | €110,848 | -€13,737 | -11.0% |
| Fixed assets | 21/28 | €121,522 | €110,242 | -€11,280 | -9.3% |
| Tangible fixed assets | 22/27 | €121,522 | €110,242 | -€11,280 | -9.3% |
| Land and buildings | 22 | €109,692 | €98,667 | -€11,025 | -10.1% |
| Furniture and vehicles | 24 | €255 | - | -€255 | |
| Other tangible fixed assets | 26 | €11,575 | €11,575 | = | 0.0% |
| Current assets | 29/58 | €3,063 | €606 | -€2,457 | -80.2% |
| Amounts receivable within one year | 40/41 | €753 | €316 | -€437 | -58.0% |
| Other amounts receivable | 41 | €753 | €316 | -€437 | -58.0% |
| Cash at bank and in hand | 54/58 | €2,310 | €290 | -€2,020 | -87.4% |
| Total equity and liabilities | 10/49 | €124,585 | €110,848 | -€13,737 | -11.0% |
| Equity | 10/15 | €66,683 | €59,621 | -€7,062 | -10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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% |
| Profit (loss) carried forward | 14 | €46,223 | €39,161 | -€7,062 | -15.3% |
| Amounts payable | 17/49 | €57,902 | €51,227 | -€6,675 | -11.5% |
| Amounts payable after more than one year | 17 | €54,114 | €4,814 | -€49,300 | -91.1% |
| Financial debts | 170/4 | €54,114 | €4,814 | -€49,300 | -91.1% |
| Amounts payable within one year | 42/48 | €3,788 | €46,413 | +€42,625 | +1125.3% |
| Trade debts | 44 | - | €355 | +€355 | |
| Suppliers | 440/4 | - | €355 | +€355 | |
| Taxes, remuneration and social security | 45 | €478 | €613 | +€135 | +28.2% |
| Taxes | 450/3 | €478 | €613 | +€135 | +28.2% |
| Other amounts payable | 47/48 | €3,310 | €45,445 | +€42,135 | +1273.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,220 | €11,214 | -€6 | -0.1% |
| Other operating charges | 640/8 | €1,603 | €2,000 | +€397 | +24.8% |
| Gross operating margin | 9900 | €20,644 | €8,058 | -€12,586 | -61.0% |
| Operating profit (loss) | 9901 | €7,821 | -€5,156 | -€12,977 | |
| Financial income | 75/76B | €50 | €48 | -€2 | -4.0% |
| Recurring financial income | 75 | €50 | €48 | -€2 | -4.0% |
| Financial charges | 65/66B | €838 | €1,954 | +€1,116 | +133.2% |
| Recurring financial charges | 65 | €838 | €1,954 | +€1,116 | +133.2% |
| Profit (loss) for the period before taxes | 9903 | €7,033 | -€7,062 | -€14,095 | |
| Profit (loss) for the period | 9904 | €7,033 | -€7,062 | -€14,095 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,033 | -€7,062 | -€14,095 |
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.