MACRO LIBERTY: 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.
MACRO LIBERTY
Largest movements
- Cash +€16,076
up €16,076 (+212%), from €7,574 to €23,651
mainly Net result for the year (+€13,186) and Trade debts (+€5,830)
- Tangible fixed assets +€2,254
up €2,254 (+974%), from €231 to €2,485
- Receivables within one year +€1,805
up €1,805 (+55.8%), from €3,238 to €5,043
of which Other amounts receivable: +€2,421
- Deferred charges and accrued income +€877
new in 2025: €877
- Stocks and contracts +€551
new in 2025: €551
- Profit (loss) carried forward +€8,186
up €8,186 (+1,834%), from €446 to €8,633
- Trade debts +€5,830
up €5,830 (+358%), from €1,626 to €7,456
- Accrued charges and deferred income +€4,236
new in 2025: €4,236
- Other debts +€3,300
up €3,300 (+471%), from €700 to €4,000
- Taxes +€3,019
up €3,019 (+655%), from €461 to €3,479
- Gross operating margin +€2,919
up €2,919 (+20.4%), from €14,282 to €17,201
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 | €11,044 | €32,607 | +€21,563 | +195% |
| Fixed assets | 21/28 | €231 | €2,485 | +€2,254 | +974% |
| Tangible fixed assets | 22/27 | €231 | €2,485 | +€2,254 | +974% |
| Furniture and vehicles | 24 | €231 | €2,485 | +€2,254 | +974% |
| Current assets | 29/58 | €10,812 | €30,122 | +€19,309 | +179% |
| Stocks and contracts in progress | 3 | - | €551 | +€551 | |
| Stocks | 30/36 | - | €551 | +€551 | |
| Amounts receivable within one year | 40/41 | €3,238 | €5,043 | +€1,805 | +55.8% |
| Trade receivables | 40 | €3,238 | €2,623 | -€615 | -19.0% |
| Other amounts receivable | 41 | - | €2,421 | +€2,421 | |
| Cash at bank and in hand | 54/58 | €7,574 | €23,651 | +€16,076 | +212% |
| Deferred charges and accrued income | 490/1 | - | €877 | +€877 | |
| Total equity and liabilities | 10/49 | €11,044 | €32,607 | +€21,563 | +195% |
| Equity | 10/15 | €2,946 | €11,133 | +€8,186 | +278% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €446 | €8,633 | +€8,186 | +1,834% |
| Amounts payable | 17/49 | €8,097 | €21,474 | +€13,377 | +165% |
| Amounts payable within one year | 42/48 | €8,097 | €17,238 | +€9,141 | +113% |
| Trade debts | 44 | €1,626 | €7,456 | +€5,830 | +358% |
| Suppliers | 440/4 | €1,626 | €7,456 | +€5,830 | +358% |
| Taxes, remuneration and social security | 45 | €5,771 | €5,782 | +€11 | +0.2% |
| Taxes | 450/3 | €771 | €5,782 | +€5,011 | +650% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €700 | €4,000 | +€3,300 | +471% |
| Accrued charges and deferred income | 492/3 | - | €4,236 | +€4,236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148 | €262 | +€115 | +77.8% |
| Non-recurring operating charges | 66A | - | €231 | +€231 | |
| Gross operating margin | 9900 | €14,282 | €17,201 | +€2,919 | +20.4% |
| Operating profit (loss) | 9901 | €14,135 | €16,707 | +€2,573 | +18.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €42 | +€42 | |
| Recurring financial charges | 65 | - | €42 | +€42 | |
| Profit (loss) for the period before taxes | 9903 | €14,135 | €16,666 | +€2,531 | +17.9% |
| Income taxes | 67/77 | €461 | €3,479 | +€3,019 | +655% |
| Profit (loss) for the period | 9904 | €13,674 | €13,186 | -€488 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,674 | €13,186 | -€488 | -3.6% |
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 16 October 2026 via checked.be.