New Liberty Holding: 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.
New Liberty Holding
Largest movements
- Cash +€160,655
up €160,655 (+118%), from €136,038 to €296,693
mainly Net result for the year (+€136,241) and Tax, wage and social debts (+€43,487)
- Tangible fixed assets -€16,086
down €16,086 (-25.1%), from €64,001 to €47,914
- Profit (loss) carried forward +€136,241
up €136,241 (+261%), from €52,119 to €188,360
- Tax, wage and social debts +€43,487
up €43,487 (+203%), from €21,439 to €64,926
of which Taxes: +€47,232
- Trade debts -€17,967
down €17,967 (-45.0%), from €39,908 to €21,941
- Other debts -€16,761
down €16,761 (-70.9%), from €23,631 to €6,870
- Gross operating margin +€100,974
up €100,974 (+82.4%), from €122,506 to €223,480
- Taxes +€49,789
up €49,789 (+43,427%), from €115 to €49,903
- Staff costs -€33,414
down €33,414 (-63.6%), from €52,551 to €19,137
- Financial income -€4,632
down €4,632 (-96.0%), from €4,823 to €191
- Other operating charges -€3,307
down €3,307 (-70.6%), from €4,686 to €1,379
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 | €477,027 | €623,543 | +€146,516 | +30.7% |
| Fixed assets | 21/28 | €76,601 | €60,514 | -€16,086 | -21.0% |
| Tangible fixed assets | 22/27 | €64,001 | €47,914 | -€16,086 | -25.1% |
| Other tangible fixed assets | 26 | €64,001 | €47,914 | -€16,086 | -25.1% |
| Financial fixed assets | 28 | €12,600 | €12,600 | = | 0.0% |
| Current assets | 29/58 | €400,426 | €563,029 | +€162,603 | +40.6% |
| Stocks and contracts in progress | 3 | €132,092 | €132,821 | +€729 | +0.6% |
| Stocks | 30/36 | €132,092 | €132,821 | +€729 | +0.6% |
| Amounts receivable within one year | 40/41 | €132,296 | €133,035 | +€739 | +0.6% |
| Trade receivables | 40 | €14,017 | €35,885 | +€21,868 | +156% |
| Other amounts receivable | 41 | €118,279 | €97,150 | -€21,129 | -17.9% |
| Cash at bank and in hand | 54/58 | €136,038 | €296,693 | +€160,655 | +118% |
| Deferred charges and accrued income | 490/1 | - | €479 | +€479 | |
| Total equity and liabilities | 10/49 | €477,027 | €623,543 | +€146,516 | +30.7% |
| Equity | 10/15 | €390,319 | €526,561 | +€136,241 | +34.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €318,201 | €318,201 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €316,201 | €316,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,119 | €188,360 | +€136,241 | +261% |
| Amounts payable | 17/49 | €86,707 | €96,982 | +€10,275 | +11.8% |
| Amounts payable within one year | 42/48 | €86,707 | €96,982 | +€10,275 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €1,729 | €0 | -€1,729 | -100% |
| Trade debts | 44 | €39,908 | €21,941 | -€17,967 | -45.0% |
| Suppliers | 440/4 | €39,908 | €21,941 | -€17,967 | -45.0% |
| Advances received on contracts in progress | 46 | - | €3,245 | +€3,245 | |
| Taxes, remuneration and social security | 45 | €21,439 | €64,926 | +€43,487 | +203% |
| Taxes | 450/3 | €14,908 | €62,140 | +€47,232 | +317% |
| Remuneration and social security | 454/9 | €6,532 | €2,787 | -€3,745 | -57.3% |
| Other amounts payable | 47/48 | €23,631 | €6,870 | -€16,761 | -70.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €52,551 | €19,137 | -€33,414 | -63.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,086 | €16,086 | = | 0.0% |
| Other operating charges | 640/8 | €4,686 | €1,379 | -€3,307 | -70.6% |
| Gross operating margin | 9900 | €122,506 | €223,480 | +€100,974 | +82.4% |
| Operating profit (loss) | 9901 | €49,182 | €186,877 | +€137,695 | +280% |
| Financial income | 75/76B | €4,823 | €191 | -€4,632 | -96.0% |
| Recurring financial income | 75 | €4,823 | €191 | -€4,632 | -96.0% |
| Financial charges | 65/66B | €1,772 | €924 | -€848 | -47.9% |
| Recurring financial charges | 65 | €1,772 | €924 | -€848 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €52,233 | €186,145 | +€133,912 | +256% |
| Income taxes | 67/77 | €115 | €49,903 | +€49,789 | +43,427% |
| Profit (loss) for the period | 9904 | €52,119 | €136,241 | +€84,123 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €52,119 | €136,241 | +€84,123 | +161% |
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 26 October 2026 via checked.be.