LIEBAERT PROJECTS: what changed
Two fiscal 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.
LIEBAERT PROJECTS
Largest movements
- Tangible fixed assets -€19,726
down €19,726 (-7.2%), from €274,142 to €254,416
- Profit (loss) carried forward -€22,500
down €22,500 (-7.1%), from €317,868 to €295,368
- Gross operating margin -€508
down €508 (-23.7%), from -€2,139 to -€2,647
From the 2011 result to the 2012 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.
Cash bridge derived
Derived from the 2011 and 2012 balance sheets and the 2012 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2011 | 2012 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,085 | €297,708 | -€22,377 | -7.0% |
| Fixed assets | 21/28 | €274,142 | €254,416 | -€19,726 | -7.2% |
| Tangible fixed assets | 22/27 | €274,142 | €254,416 | -€19,726 | -7.2% |
| Current assets | 29/58 | €45,943 | €43,292 | -€2,651 | -5.8% |
| Amounts receivable within one year | 40/41 | €3,750 | €3,750 | = | 0.0% |
| Current investments | 50/53 | €42,000 | €39,259 | -€2,741 | -6.5% |
| Cash at bank and in hand | 54/58 | €193 | €283 | +€90 | +46.6% |
| Total equity and liabilities | 10/49 | €320,085 | €297,708 | -€22,377 | -7.0% |
| Equity | 10/15 | €317,868 | €295,368 | -€22,500 | -7.1% |
| Profit (loss) carried forward | 14 | €317,868 | €295,368 | -€22,500 | -7.1% |
| Amounts payable | 17/49 | €2,217 | €2,340 | +€123 | +5.5% |
| Amounts payable within one year | 42/48 | - | €51 | +€51 | |
| Trade debts | 44 | - | €51 | +€51 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,726 | €19,726 | +€0 | 0.0% |
| Gross operating margin | 9900 | -€2,139 | -€2,647 | -€508 | -23.7% |
| Operating profit (loss) | 9901 | -€22,661 | -€23,330 | -€669 | -3.0% |
| Recurring financial income | 75 | €18 | €842 | +€824 | +4579.8% |
| Recurring financial charges | 65 | €37 | €12 | -€25 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,680 | -€22,500 | +€180 | +0.8% |
| Profit (loss) for the period | 9904 | -€22,680 | -€22,500 | +€180 | +0.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2011 and 31 December 2012. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.