LIBERTY CAPITAL: 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.
LIBERTY CAPITAL
Largest movements
- Financial fixed assets -€158,835
down €158,835 (-5.4%), from €3.0m to €2.8m
- Cash -€42,897
down €42,897 (-52.4%), from €81,930 to €39,034
mainly Other debts (-€130,679) and Net result for the year (-€57,037)
- Other debts -€130,679
down €130,679 (-6.4%), from €2.0m to €1.9m
- Profit (loss) carried forward -€57,037
down €57,037 (-5.8%), from €978,023 to €920,985
- Financial charges +€194,302
up €194,302 (+19,402%), from €1,001 to €195,304
of which Non-recurring financial charges: +€194,791
- Financial income -€118,339
down €118,339 (-44.1%), from €268,210 to €149,871
of which Financial income: -€111,626
- Taxes +€4,140
up €4,140 (+105%), from €3,960 to €8,100
- Gross operating margin +€363
up €363 (+12.6%), from -€2,869 to -€2,506
- Depreciation -€192
no longer reported in 2025 (was €192)
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 | €3,037,801 | €2,850,134 | -€187,668 | -6.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €2,953,581 | €2,794,746 | -€158,835 | -5.4% |
| Financial fixed assets | 28 | €2,953,581 | €2,794,746 | -€158,835 | -5.4% |
| Current assets | 29/58 | €84,220 | €55,387 | -€28,833 | -34.2% |
| Amounts receivable within one year | 40/41 | €290 | €16,354 | +€16,064 | +5,539% |
| Other amounts receivable | 41 | €290 | €16,354 | +€16,064 | +5,539% |
| Cash at bank and in hand | 54/58 | €81,930 | €39,034 | -€42,897 | -52.4% |
| Deferred charges and accrued income | 490/1 | €2,000 | €0 | -€2,000 | -100% |
| Total equity and liabilities | 10/49 | €3,037,801 | €2,850,134 | -€187,668 | -6.2% |
| Equity | 10/15 | €998,023 | €940,985 | -€57,037 | -5.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €978,023 | €920,985 | -€57,037 | -5.8% |
| Amounts payable | 17/49 | €2,039,779 | €1,909,148 | -€130,631 | -6.4% |
| Amounts payable within one year | 42/48 | €2,039,779 | €1,909,148 | -€130,631 | -6.4% |
| Trade debts | 44 | €2,923 | €2,996 | +€72 | +2.5% |
| Suppliers | 440/4 | €2,923 | €2,996 | +€72 | +2.5% |
| Taxes, remuneration and social security | 45 | €210 | €186 | -€24 | -11.3% |
| Taxes | 450/3 | €210 | €186 | -€24 | -11.3% |
| Other amounts payable | 47/48 | €2,036,645 | €1,905,966 | -€130,679 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | - | -€192 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€2,869 | -€2,506 | +€363 | +12.6% |
| Operating profit (loss) | 9901 | -€4,029 | -€3,505 | +€524 | +13.0% |
| Financial income | 75/76B | €268,210 | €149,871 | -€118,339 | -44.1% |
| Recurring financial income | 75 | €261,497 | €149,871 | -€111,626 | -42.7% |
| Non-recurring financial income | 76B | €6,713 | - | -€6,713 | |
| Financial charges | 65/66B | €1,001 | €195,304 | +€194,302 | +19,402% |
| Recurring financial charges | 65 | €1,001 | €513 | -€489 | -48.8% |
| Non-recurring financial charges | 66B | - | €194,791 | +€194,791 | |
| Profit (loss) for the period before taxes | 9903 | €263,180 | -€48,937 | -€312,117 | |
| Income taxes | 67/77 | €3,960 | €8,100 | +€4,140 | +105% |
| Profit (loss) for the period | 9904 | €259,220 | -€57,037 | -€316,257 | |
| Profit (loss) for the period to be appropriated | 9905 | €259,220 | -€57,037 | -€316,257 |
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 25 October 2026 via checked.be.