SRL LIBERT: what changed
What changed
SRL LIBERT
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€146,018
2024 · €127,596+€18,422
Equity
€490,654
2024 · €594,636-€103,982
Cash
€32,133
2024 · €39,370-€7,238
Balance sheet total
€1.3m
2024 · €1.2m+€96,247
Largest movements
Assets
- Current investments +€175,441
up €175,441 (+41.8%), from €419,515 to €594,956
- Receivables within one year -€47,457
down €47,457 (-34.5%), from €137,460 to €90,003
of which Other amounts receivable: -€54,020
- Tangible fixed assets -€22,428
down €22,428 (-3.7%), from €609,739 to €587,311
of which Land and buildings: -€27,693
Equity and liabilities
- Other debts +€189,837
up €189,837 (+314%), from €60,443 to €250,280
- Profit (loss) carried forward -€103,982
down €103,982 (-17.8%), from €582,827 to €478,845
- Trade debts -€39,246
down €39,246 (-68.1%), from €57,659 to €18,414
- Accrued charges and deferred income +€37,113
up €37,113 (+3,254%), from €1,140 to €38,254
- Tax, wage and social debts +€22,672
up €22,672 (+70.7%), from €32,081 to €54,753
of which Remuneration and social security: +€17,496
Income statement
- Gross operating margin +€122,587
up €122,587 (+23.5%), from €520,922 to €643,508
- Staff costs +€90,726
up €90,726 (+32.7%), from €277,050 to €367,776
- Taxes +€9,964
up €9,964 (+20.0%), from €49,919 to €59,884
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€127,596
Gross operating margin
+€122,587
Staff costs
-€90,726
Depreciation
-€1,718
Other operating charges
+€377
Financial income
-€1,111
Financial charges
-€1,023
Taxes
-€9,964
Result 2025
€146,018
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€460,725
Investment
-€207,814
Financing
-€260,148
Cash 2024
€39,370
From operations (derived)
+€460,725
Net result for the year
+€146,018
Depreciation
+€54,801
Receivables within one year
+€47,457
Deferred charges and accrued income
+€2,072
Trade debts
-€39,246
Tax, wage and social debts
+€22,672
Other debts
+€189,837
Accrued charges and deferred income
+€37,113
Investment (derived)
-€207,814
Investment in fixed assets (net)
-€32,373
Current investments
-€175,441
Financing
-€260,148
Debts after one year
-€21,792
Current portion of long-term debt
+€11,643
Contributions, distributions and other
-€250,000
Cash 2025
€32,133
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,215,776 | €1,312,022 | +€96,247 | +7.9% |
| Fixed assets | 21/28 | €609,739 | €587,311 | -€22,428 | -3.7% |
| Tangible fixed assets | 22/27 | €609,739 | €587,311 | -€22,428 | -3.7% |
| Land and buildings | 22 | €560,117 | €532,424 | -€27,693 | -4.9% |
| Furniture and vehicles | 24 | €49,622 | €54,887 | +€5,265 | +10.6% |
| Current assets | 29/58 | €606,036 | €724,711 | +€118,675 | +19.6% |
| Amounts receivable within one year | 40/41 | €137,460 | €90,003 | -€47,457 | -34.5% |
| Trade receivables | 40 | €83,383 | €89,946 | +€6,563 | +7.9% |
| Other amounts receivable | 41 | €54,077 | €57 | -€54,020 | -99.9% |
| Current investments | 50/53 | €419,515 | €594,956 | +€175,441 | +41.8% |
| Cash at bank and in hand | 54/58 | €39,370 | €32,133 | -€7,238 | -18.4% |
| Deferred charges and accrued income | 490/1 | €9,691 | €7,619 | -€2,072 | -21.4% |
| Total equity and liabilities | 10/49 | €1,215,776 | €1,312,022 | +€96,247 | +7.9% |
| Equity | 10/15 | €594,636 | €490,654 | -€103,982 | -17.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,609 | €5,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,750 | €3,750 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €582,827 | €478,845 | -€103,982 | -17.8% |
| Amounts payable | 17/49 | €621,139 | €821,368 | +€200,229 | +32.2% |
| Amounts payable after more than one year | 17 | €423,710 | €401,919 | -€21,792 | -5.1% |
| Financial debts | 170/4 | €423,710 | €401,919 | -€21,792 | -5.1% |
| Amounts payable within one year | 42/48 | €196,288 | €381,195 | +€184,907 | +94.2% |
| Current portion of amounts payable after more than one year | 42 | €46,106 | €57,749 | +€11,643 | +25.3% |
| Trade debts | 44 | €57,659 | €18,414 | -€39,246 | -68.1% |
| Suppliers | 440/4 | €57,659 | €18,414 | -€39,246 | -68.1% |
| Taxes, remuneration and social security | 45 | €32,081 | €54,753 | +€22,672 | +70.7% |
| Taxes | 450/3 | €2,674 | €7,850 | +€5,176 | +194% |
| Remuneration and social security | 454/9 | €29,406 | €46,903 | +€17,496 | +59.5% |
| Other amounts payable | 47/48 | €60,443 | €250,280 | +€189,837 | +314% |
| Accrued charges and deferred income | 492/3 | €1,140 | €38,254 | +€37,113 | +3,254% |
| Remuneration, social security and pensions | 62 | €277,050 | €367,776 | +€90,726 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,083 | €54,801 | +€1,718 | +3.2% |
| Other operating charges | 640/8 | €9,137 | €8,760 | -€377 | -4.1% |
| Gross operating margin | 9900 | €520,922 | €643,508 | +€122,587 | +23.5% |
| Operating profit (loss) | 9901 | €181,652 | €212,172 | +€30,520 | +16.8% |
| Financial income | 75/76B | €7,759 | €6,648 | -€1,111 | -14.3% |
| Recurring financial income | 75 | €7,759 | €6,648 | -€1,111 | -14.3% |
| Financial charges | 65/66B | €11,895 | €12,918 | +€1,023 | +8.6% |
| Recurring financial charges | 65 | €11,895 | €12,918 | +€1,023 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €177,516 | €205,902 | +€28,386 | +16.0% |
| Income taxes | 67/77 | €49,919 | €59,884 | +€9,964 | +20.0% |
| Profit (loss) for the period | 9904 | €127,596 | €146,018 | +€18,422 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €127,596 | €146,018 | +€18,422 | +14.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.