LIEBERT & PARTNERS: 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 & PARTNERS
Largest movements
- Receivables within one year +€31,879
up €31,879 (+213%), from €14,975 to €46,854
of which Trade receivables: +€19,379
- Tangible fixed assets +€14,155
up €14,155 (+144%), from €9,843 to €23,998
of which Furniture and vehicles: +€17,154
- Current investments -€10,215
down €10,215 (-3.1%), from €333,870 to €323,655
- Deferred charges and accrued income -€8,416
down €8,416 (-65.9%), from €12,777 to €4,361
- Cash -€7,910
down €7,910 (-6.1%), from €128,659 to €120,749
mainly Receivables within one year (-€31,879) and Investment in fixed assets (net) (-€23,700)
- Reserves +€16,696
up €16,696 (+3.6%), from €465,400 to €482,096
- Gross operating margin -€60,978
down €60,978 (-33.7%), from €180,907 to €119,928
- Taxes -€22,460
down €22,460 (-76.4%), from €29,390 to €6,930
- Staff costs +€20,496
up €20,496 (+29.8%), from €68,731 to €89,227
- Financial income -€5,506
down €5,506 (-47.5%), from €11,598 to €6,092
- Depreciation +€3,637
up €3,637 (+61.6%), from €5,908 to €9,545
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 | €500,154 | €519,648 | +€19,493 | +3.9% |
| Fixed assets | 21/28 | €9,873 | €24,028 | +€14,155 | +143% |
| Tangible fixed assets | 22/27 | €9,843 | €23,998 | +€14,155 | +144% |
| Plant, machinery and equipment | 23 | €1,169 | - | -€1,169 | |
| Furniture and vehicles | 24 | €6,844 | €23,998 | +€17,154 | +251% |
| Other tangible fixed assets | 26 | €1,830 | - | -€1,830 | |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €490,281 | €495,620 | +€5,338 | +1.1% |
| Amounts receivable within one year | 40/41 | €14,975 | €46,854 | +€31,879 | +213% |
| Trade receivables | 40 | €10,675 | €30,054 | +€19,379 | +182% |
| Other amounts receivable | 41 | €4,300 | €16,800 | +€12,500 | +291% |
| Current investments | 50/53 | €333,870 | €323,655 | -€10,215 | -3.1% |
| Cash at bank and in hand | 54/58 | €128,659 | €120,749 | -€7,910 | -6.1% |
| Deferred charges and accrued income | 490/1 | €12,777 | €4,361 | -€8,416 | -65.9% |
| Total equity and liabilities | 10/49 | €500,154 | €519,648 | +€19,493 | +3.9% |
| Equity | 10/15 | €483,992 | €500,688 | +€16,696 | +3.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €465,400 | €482,096 | +€16,696 | +3.6% |
| Distributable reserves | 133 | €465,400 | €482,096 | +€16,696 | +3.6% |
| Amounts payable | 17/49 | €16,162 | €18,960 | +€2,797 | +17.3% |
| Amounts payable within one year | 42/48 | €15,902 | €18,797 | +€2,895 | +18.2% |
| Trade debts | 44 | €4,598 | €9,354 | +€4,756 | +103% |
| Suppliers | 440/4 | €4,598 | €9,354 | +€4,756 | +103% |
| Taxes, remuneration and social security | 45 | €11,265 | €9,443 | -€1,822 | -16.2% |
| Taxes | 450/3 | €2,098 | €1,667 | -€431 | -20.6% |
| Remuneration and social security | 454/9 | €9,167 | €7,776 | -€1,391 | -15.2% |
| Other amounts payable | 47/48 | €40 | - | -€40 | |
| Accrued charges and deferred income | 492/3 | €260 | €163 | -€98 | -37.6% |
| Remuneration, social security and pensions | 62 | €68,731 | €89,227 | +€20,496 | +29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,908 | €9,545 | +€3,637 | +61.6% |
| Other operating charges | 640/8 | €437 | €569 | +€131 | +30.0% |
| Gross operating margin | 9900 | €180,907 | €119,928 | -€60,978 | -33.7% |
| Operating profit (loss) | 9901 | €105,831 | €20,587 | -€85,244 | -80.5% |
| Financial income | 75/76B | €11,598 | €6,092 | -€5,506 | -47.5% |
| Recurring financial income | 75 | €11,598 | €6,092 | -€5,506 | -47.5% |
| Financial charges | 65/66B | €3,088 | €3,052 | -€35 | -1.1% |
| Recurring financial charges | 65 | €3,088 | €3,052 | -€35 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €114,341 | €23,626 | -€90,715 | -79.3% |
| Income taxes | 67/77 | €29,390 | €6,930 | -€22,460 | -76.4% |
| Profit (loss) for the period | 9904 | €84,951 | €16,696 | -€68,255 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €84,951 | €16,696 | -€68,255 | -80.3% |
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 28 October 2026 via checked.be.