LIBERTY CAP: what changed
LIBERTY CAP
Largest movements
- Receivables within one year +€20,241
up €20,241 (+34.0%), from €59,471 to €79,712
of which Trade receivables: +€20,241
- Tangible fixed assets +€5,252
up €5,252 (+1,525%), from €344 to €5,596
- Cash -€4,319
down €4,319 (-57.1%), from €7,563 to €3,244
mainly Receivables within one year (-€20,241) and Investment in fixed assets (net) (-€6,413)
- Deferred charges and accrued income -€1,009
down €1,009 (-53.7%), from €1,879 to €871
- Other debts +€14,530
up €14,530 (+45.6%), from €31,852 to €46,382
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Debts after one year -€5,000
down €5,000 (-12.5%), from €40,000 to €35,000
- Trade debts -€3,494
down €3,494 (-97.1%), from €3,600 to €106
- Profit (loss) carried forward +€3,336
up €3,336 (+19.8%), from -€16,845 to -€13,509
- Gross operating margin +€3,238
up €3,238 (+157%), from €2,069 to €5,307
- Depreciation -€1,172
down €1,172 (-50.2%), from €2,334 to €1,162
- Other operating charges +€75
up €75 (+17.7%), from €423 to €497
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,258 | €89,422 | +€20,164 | +29.1% |
| Fixed assets | 21/28 | €344 | €5,596 | +€5,252 | +1,525% |
| Tangible fixed assets | 22/27 | €344 | €5,596 | +€5,252 | +1,525% |
| Furniture and vehicles | 24 | €344 | €5,596 | +€5,252 | +1,525% |
| Current assets | 29/58 | €68,913 | €83,826 | +€14,913 | +21.6% |
| Amounts receivable within one year | 40/41 | €59,471 | €79,712 | +€20,241 | +34.0% |
| Trade receivables | 40 | €24,323 | €44,564 | +€20,241 | +83.2% |
| Other amounts receivable | 41 | €35,148 | €35,148 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,563 | €3,244 | -€4,319 | -57.1% |
| Deferred charges and accrued income | 490/1 | €1,879 | €871 | -€1,009 | -53.7% |
| Total equity and liabilities | 10/49 | €69,258 | €89,422 | +€20,164 | +29.1% |
| Equity | 10/15 | -€10,645 | €5,091 | +€15,736 | |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Profit (loss) carried forward | 14 | -€16,845 | -€13,509 | +€3,336 | +19.8% |
| Amounts payable | 17/49 | €79,903 | €84,332 | +€4,429 | +5.5% |
| Amounts payable after more than one year | 17 | €40,000 | €35,000 | -€5,000 | -12.5% |
| Financial debts | 170/4 | €40,000 | €35,000 | -€5,000 | -12.5% |
| Amounts payable within one year | 42/48 | €39,515 | €48,932 | +€9,416 | +23.8% |
| Trade debts | 44 | €3,600 | €106 | -€3,494 | -97.1% |
| Suppliers | 440/4 | €3,600 | €106 | -€3,494 | -97.1% |
| Taxes, remuneration and social security | 45 | €4,064 | €2,444 | -€1,619 | -39.9% |
| Taxes | 450/3 | €2,144 | €2,444 | +€301 | +14.0% |
| Remuneration and social security | 454/9 | €1,920 | - | -€1,920 | |
| Other amounts payable | 47/48 | €31,852 | €46,382 | +€14,530 | +45.6% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,334 | €1,162 | -€1,172 | -50.2% |
| Other operating charges | 640/8 | €423 | €497 | +€75 | +17.7% |
| Gross operating margin | 9900 | €2,069 | €5,307 | +€3,238 | +157% |
| Operating profit (loss) | 9901 | -€687 | €3,648 | +€4,336 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €150 | €133 | -€17 | -11.3% |
| Recurring financial charges | 65 | €150 | €133 | -€17 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€837 | €3,515 | +€4,352 | |
| Income taxes | 67/77 | €172 | €179 | +€8 | +4.4% |
| Profit (loss) for the period | 9904 | -€1,009 | €3,336 | +€4,345 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,009 | €3,336 | +€4,345 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.