Liberty Ranch: 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 Ranch
Largest movements
- Cash +€30,775
up €30,775 (+428%), from €7,196 to €37,970
mainly Depreciation (+€73,042) and Debts after one year (+€26,803)
- Other debts -€54,501
down €54,501 (-88.8%), from €61,403 to €6,902
- Debts after one year +€26,803
up €26,803 (+2.4%), from €1.1m to €1.1m
- Profit (loss) carried forward +€20,422
up €20,422 (+13.2%), from -€155,166 to -€134,744
- Trade debts +€14,535
up €14,535 (+527%), from €2,760 to €17,294
- Gross operating margin +€11,911
up €11,911 (+6.9%), from €171,689 to €183,600
- Other operating charges -€1,887
down €1,887 (-27.4%), from €6,892 to €5,005
- Depreciation +€1,882
up €1,882 (+2.6%), from €71,160 to €73,042
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 | €1,353,831 | €1,371,432 | +€17,601 | +1.3% |
| Fixed assets | 21/28 | €1,295,255 | €1,279,188 | -€16,067 | -1.2% |
| Intangible fixed assets | 21 | €21,205 | €11,205 | -€10,000 | -47.2% |
| Tangible fixed assets | 22/27 | €1,274,050 | €1,267,982 | -€6,067 | -0.5% |
| Land and buildings | 22 | €1,258,620 | €1,204,343 | -€54,276 | -4.3% |
| Plant, machinery and equipment | 23 | €606 | €54,884 | +€54,278 | +8,954% |
| Furniture and vehicles | 24 | €14,824 | €8,755 | -€6,069 | -40.9% |
| Current assets | 29/58 | €58,575 | €92,244 | +€33,669 | +57.5% |
| Amounts receivable within one year | 40/41 | €15,869 | €18,221 | +€2,352 | +14.8% |
| Trade receivables | 40 | €15,615 | €15,561 | -€54 | -0.3% |
| Other amounts receivable | 41 | €254 | €2,660 | +€2,406 | +948% |
| Current investments | 50/53 | €35,000 | €35,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,196 | €37,970 | +€30,775 | +428% |
| Deferred charges and accrued income | 490/1 | €511 | €1,053 | +€542 | +106% |
| Total equity and liabilities | 10/49 | €1,353,831 | €1,371,432 | +€17,601 | +1.3% |
| Equity | 10/15 | €109,834 | €130,256 | +€20,422 | +18.6% |
| Contributions | 10/11 | €265,000 | €265,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,166 | -€134,744 | +€20,422 | +13.2% |
| Amounts payable | 17/49 | €1,243,996 | €1,241,176 | -€2,820 | -0.2% |
| Amounts payable after more than one year | 17 | €1,120,600 | €1,147,403 | +€26,803 | +2.4% |
| Financial debts | 170/4 | €1,120,600 | €1,147,403 | +€26,803 | +2.4% |
| Amounts payable within one year | 42/48 | €123,397 | €93,773 | -€29,624 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €47,687 | €52,153 | +€4,466 | +9.4% |
| Trade debts | 44 | €2,760 | €17,294 | +€14,535 | +527% |
| Suppliers | 440/4 | €2,760 | €17,294 | +€14,535 | +527% |
| Taxes, remuneration and social security | 45 | €11,547 | €17,424 | +€5,877 | +50.9% |
| Taxes | 450/3 | €3,255 | €3,537 | +€282 | +8.7% |
| Remuneration and social security | 454/9 | €8,292 | €13,887 | +€5,595 | +67.5% |
| Other amounts payable | 47/48 | €61,403 | €6,902 | -€54,501 | -88.8% |
| Remuneration, social security and pensions | 62 | €59,046 | €58,022 | -€1,024 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,160 | €73,042 | +€1,882 | +2.6% |
| Other operating charges | 640/8 | €6,892 | €5,005 | -€1,887 | -27.4% |
| Non-recurring operating charges | 66A | €210 | €2,794 | +€2,584 | +1,231% |
| Gross operating margin | 9900 | €171,689 | €183,600 | +€11,911 | +6.9% |
| Operating profit (loss) | 9901 | €34,381 | €44,737 | +€10,355 | +30.1% |
| Financial income | 75/76B | €77 | €0 | -€77 | -99.8% |
| Recurring financial income | 75 | €77 | €0 | -€77 | -99.8% |
| Financial charges | 65/66B | €26,315 | €24,516 | -€1,799 | -6.8% |
| Recurring financial charges | 65 | €26,315 | €24,516 | -€1,799 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €8,143 | €20,220 | +€12,078 | +148% |
| Profit (loss) for the period | 9904 | €8,143 | €20,220 | +€12,078 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €8,143 | €20,220 | +€12,078 | +148% |
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 27 October 2026 via checked.be.