Liebert & Co: 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.
Liebert & Co
Largest movements
- Tangible fixed assets -€14,087
down €14,087 (-29.7%), from €47,368 to €33,281
of which Furniture and vehicles: -€13,391
- Receivables within one year -€6,039
down €6,039 (-11.9%), from €50,591 to €44,552
- Deferred charges and accrued income +€3,441
up €3,441 (+47.2%), from €7,291 to €10,732
- Current investments +€3,211
up €3,211 (+2.1%), from €155,311 to €158,522
- Reserves -€18,385
down €18,385 (-8.0%), from €230,314 to €211,930
- Gross operating margin +€5,474
up €5,474 (+9.6%), from €56,960 to €62,434
- Financial income -€1,813
down €1,813 (-51.6%), from €3,511 to €1,698
- Taxes +€932
up €932 (+7.6%), from €12,316 to €13,248
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 | €266,302 | €252,411 | -€13,891 | -5.2% |
| Fixed assets | 21/28 | €47,368 | €33,281 | -€14,087 | -29.7% |
| Tangible fixed assets | 22/27 | €47,368 | €33,281 | -€14,087 | -29.7% |
| Furniture and vehicles | 24 | €46,672 | €33,281 | -€13,391 | -28.7% |
| Other tangible fixed assets | 26 | €696 | - | -€696 | |
| Current assets | 29/58 | €218,934 | €219,130 | +€196 | +0.1% |
| Amounts receivable within one year | 40/41 | €50,591 | €44,552 | -€6,039 | -11.9% |
| Trade receivables | 40 | €50,591 | €44,552 | -€6,039 | -11.9% |
| Current investments | 50/53 | €155,311 | €158,522 | +€3,211 | +2.1% |
| Cash at bank and in hand | 54/58 | €5,741 | €5,323 | -€418 | -7.3% |
| Deferred charges and accrued income | 490/1 | €7,291 | €10,732 | +€3,441 | +47.2% |
| Total equity and liabilities | 10/49 | €266,302 | €252,411 | -€13,891 | -5.2% |
| Equity | 10/15 | €248,914 | €230,530 | -€18,385 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €230,314 | €211,930 | -€18,385 | -8.0% |
| Distributable reserves | 133 | €230,314 | €211,930 | -€18,385 | -8.0% |
| Amounts payable | 17/49 | €17,388 | €21,882 | +€4,493 | +25.8% |
| Amounts payable within one year | 42/48 | €17,388 | €21,882 | +€4,493 | +25.8% |
| Trade debts | 44 | €2,288 | €3,535 | +€1,247 | +54.5% |
| Suppliers | 440/4 | €2,288 | €3,535 | +€1,247 | +54.5% |
| Taxes, remuneration and social security | 45 | €15,100 | €15,728 | +€628 | +4.2% |
| Taxes | 450/3 | €15,100 | €15,728 | +€628 | +4.2% |
| Other amounts payable | 47/48 | - | €2,618 | +€2,618 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,820 | €16,126 | +€306 | +1.9% |
| Other operating charges | 640/8 | €559 | €549 | -€9 | -1.6% |
| Gross operating margin | 9900 | €56,960 | €62,434 | +€5,474 | +9.6% |
| Operating profit (loss) | 9901 | €40,582 | €45,758 | +€5,177 | +12.8% |
| Financial income | 75/76B | €3,511 | €1,698 | -€1,813 | -51.6% |
| Recurring financial income | 75 | €3,511 | €1,698 | -€1,813 | -51.6% |
| Financial charges | 65/66B | €236 | €228 | -€8 | -3.6% |
| Recurring financial charges | 65 | €236 | €228 | -€8 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €43,856 | €47,228 | +€3,372 | +7.7% |
| Income taxes | 67/77 | €12,316 | €13,248 | +€932 | +7.6% |
| Profit (loss) for the period | 9904 | €31,540 | €33,980 | +€2,440 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,540 | €33,980 | +€2,440 | +7.7% |
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 14 October 2026 via checked.be.