LIBERTY CONSULT: 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 CONSULT
Largest movements
- Receivables within one year -€102,870
down €102,870 (-78.6%), from €130,849 to €27,979
of which Trade receivables: -€54,056
- Current investments -€100,063
down €100,063 (-66.7%), from €150,063 to €50,000
- Cash -€24,908
down €24,908 (-42.3%), from €58,871 to €33,963
mainly Contributions, distributions and other (-€275,000) and Tax, wage and social debts (-€22,470)
- Receivables after one year -€5,491
no longer reported in 2025 (was €5,491)
- Reserves -€215,411
down €215,411 (-78.2%), from €275,491 to €60,080
- Tax, wage and social debts -€22,470
down €22,470 (-32.8%), from €68,564 to €46,094
- Gross operating margin -€76,477
down €76,477 (-46.4%), from €164,723 to €88,246
- Taxes -€6,648
down €6,648 (-18.9%), from €35,172 to €28,524
- Financial income +€5,899
up €5,899 (+156%), from €3,772 to €9,670
- Depreciation -€4,704
down €4,704 (-35.9%), from €13,099 to €8,395
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 | €358,286 | €120,430 | -€237,856 | -66.4% |
| Fixed assets | 21/28 | €9,764 | €6,965 | -€2,800 | -28.7% |
| Tangible fixed assets | 22/27 | €9,764 | €6,965 | -€2,800 | -28.7% |
| Furniture and vehicles | 24 | €9,764 | €1,861 | -€7,903 | -80.9% |
| Other tangible fixed assets | 26 | - | €5,104 | +€5,104 | |
| Current assets | 29/58 | €348,522 | €113,465 | -€235,056 | -67.4% |
| Amounts receivable after more than one year | 29 | €5,491 | - | -€5,491 | |
| Other amounts receivable | 291 | €5,491 | - | -€5,491 | |
| Amounts receivable within one year | 40/41 | €130,849 | €27,979 | -€102,870 | -78.6% |
| Trade receivables | 40 | €80,849 | €26,793 | -€54,056 | -66.9% |
| Other amounts receivable | 41 | €50,000 | €1,186 | -€48,814 | -97.6% |
| Current investments | 50/53 | €150,063 | €50,000 | -€100,063 | -66.7% |
| Cash at bank and in hand | 54/58 | €58,871 | €33,963 | -€24,908 | -42.3% |
| Deferred charges and accrued income | 490/1 | €3,249 | €1,523 | -€1,725 | -53.1% |
| Total equity and liabilities | 10/49 | €358,286 | €120,430 | -€237,856 | -66.4% |
| Equity | 10/15 | €285,491 | €70,080 | -€215,411 | -75.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | - | -€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €275,491 | €60,080 | -€215,411 | -78.2% |
| Distributable reserves | 133 | €275,491 | €60,080 | -€215,411 | -78.2% |
| Amounts payable | 17/49 | €72,795 | €50,350 | -€22,445 | -30.8% |
| Amounts payable within one year | 42/48 | €72,795 | €50,350 | -€22,445 | -30.8% |
| Financial debts | 43 | €947 | - | -€947 | |
| Credit institutions | 430/8 | €947 | - | -€947 | |
| Trade debts | 44 | €3,284 | €1,303 | -€1,981 | -60.3% |
| Suppliers | 440/4 | €3,284 | €1,303 | -€1,981 | -60.3% |
| Taxes, remuneration and social security | 45 | €68,564 | €46,094 | -€22,470 | -32.8% |
| Taxes | 450/3 | €68,564 | €46,094 | -€22,470 | -32.8% |
| Other amounts payable | 47/48 | - | €2,953 | +€2,953 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,099 | €8,395 | -€4,704 | -35.9% |
| Other operating charges | 640/8 | €1,006 | €1,293 | +€287 | +28.5% |
| Gross operating margin | 9900 | €164,723 | €88,246 | -€76,477 | -46.4% |
| Operating profit (loss) | 9901 | €150,617 | €78,557 | -€72,060 | -47.8% |
| Financial income | 75/76B | €3,772 | €9,670 | +€5,899 | +156% |
| Recurring financial income | 75 | €3,772 | €9,670 | +€5,899 | +156% |
| Financial charges | 65/66B | €150 | €114 | -€36 | -24.0% |
| Recurring financial charges | 65 | €150 | €114 | -€36 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €154,239 | €88,113 | -€66,125 | -42.9% |
| Income taxes | 67/77 | €35,172 | €28,524 | -€6,648 | -18.9% |
| Profit (loss) for the period | 9904 | €119,066 | €59,589 | -€59,477 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €119,066 | €59,589 | -€59,477 | -50.0% |
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.