LIBERTY LINES: 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 LINES
Largest movements
- Tangible fixed assets +€139,129
up €139,129 (+76.0%), from €183,064 to €322,193
of which Land and buildings: +€181,724
- Receivables within one year -€51,393
down €51,393 (-14.0%), from €367,654 to €316,262
of which Trade receivables: -€104,591
- Cash +€6,960
new in 2024: €6,960
mainly Trade debts (+€152,961) and Depreciation (+€62,111)
- Trade debts +€152,961
up €152,961 (+49.5%), from €308,726 to €461,688
- Profit (loss) carried forward -€81,281
down €81,281, from €44,470 to -€36,811
- Tax, wage and social debts +€29,998
up €29,998 (+19.9%), from €150,509 to €180,507
of which Remuneration and social security: +€33,774
- Short-term financial debts -€10,082
down €10,082 (-51.6%), from €19,525 to €9,443
- Staff costs +€163,675
up €163,675 (+133%), from €122,769 to €286,444
- Gross operating margin +€30,826
up €30,826 (+9.8%), from €315,835 to €346,661
- Depreciation +€19,415
up €19,415 (+45.5%), from €42,696 to €62,111
- Taxes +€14,441
up €14,441 (+39.7%), from €36,408 to €50,848
- Other operating charges +€5,539
up €5,539 (+30.1%), from €18,396 to €23,935
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €560,971 | €655,667 | +€94,696 | +16.9% |
| Fixed assets | 21/28 | €193,316 | €332,445 | +€139,129 | +72.0% |
| Tangible fixed assets | 22/27 | €183,064 | €322,193 | +€139,129 | +76.0% |
| Land and buildings | 22 | - | €181,724 | +€181,724 | |
| Furniture and vehicles | 24 | €183,064 | €140,469 | -€42,595 | -23.3% |
| Financial fixed assets | 28 | €10,252 | €10,252 | = | 0.0% |
| Current assets | 29/58 | €367,654 | €323,222 | -€44,433 | -12.1% |
| Amounts receivable within one year | 40/41 | €367,654 | €316,262 | -€51,393 | -14.0% |
| Trade receivables | 40 | €208,195 | €103,604 | -€104,591 | -50.2% |
| Other amounts receivable | 41 | €159,460 | €212,658 | +€53,198 | +33.4% |
| Cash at bank and in hand | 54/58 | - | €6,960 | +€6,960 | |
| Total equity and liabilities | 10/49 | €560,971 | €655,667 | +€94,696 | +16.9% |
| Equity | 10/15 | €82,210 | €929 | -€81,281 | -98.9% |
| Contributions | 10/11 | €23,000 | €23,000 | = | 0.0% |
| Reserves | 13 | €14,741 | €14,741 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,741 | €14,741 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,741 | €14,741 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,470 | -€36,811 | -€81,281 | |
| Amounts payable | 17/49 | €478,760 | €654,738 | +€175,977 | +36.8% |
| Amounts payable within one year | 42/48 | €478,760 | €654,738 | +€175,977 | +36.8% |
| Financial debts | 43 | €19,525 | €9,443 | -€10,082 | -51.6% |
| Credit institutions | 430/8 | €19,525 | €9,443 | -€10,082 | -51.6% |
| Trade debts | 44 | €308,726 | €461,688 | +€152,961 | +49.5% |
| Suppliers | 440/4 | €308,726 | €461,688 | +€152,961 | +49.5% |
| Advances received on contracts in progress | 46 | - | €3,100 | +€3,100 | |
| Taxes, remuneration and social security | 45 | €150,509 | €180,507 | +€29,998 | +19.9% |
| Taxes | 450/3 | €108,258 | €104,482 | -€3,776 | -3.5% |
| Remuneration and social security | 454/9 | €42,251 | €76,025 | +€33,774 | +79.9% |
| Remuneration, social security and pensions | 62 | €122,769 | €286,444 | +€163,675 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,696 | €62,111 | +€19,415 | +45.5% |
| Other operating charges | 640/8 | €18,396 | €23,935 | +€5,539 | +30.1% |
| Gross operating margin | 9900 | €315,835 | €346,661 | +€30,826 | +9.8% |
| Operating profit (loss) | 9901 | €131,973 | -€25,830 | -€157,803 | |
| Financial income | 75/76B | €41 | €216 | +€175 | +423% |
| Recurring financial income | 75 | €41 | €216 | +€175 | +423% |
| Financial charges | 65/66B | €2,633 | €4,819 | +€2,186 | +83.0% |
| Recurring financial charges | 65 | €2,633 | €4,819 | +€2,186 | +83.0% |
| Profit (loss) for the period before taxes | 9903 | €129,381 | -€30,433 | -€159,814 | |
| Income taxes | 67/77 | €36,408 | €50,848 | +€14,441 | +39.7% |
| Profit (loss) for the period | 9904 | €92,974 | -€81,281 | -€174,255 | |
| Profit (loss) for the period to be appropriated | 9905 | €92,974 | -€81,281 | -€174,255 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.