Libersa: what changed
Libersa
Largest movements
- Cash -€29,500
down €29,500 (-92.5%), from €31,880 to €2,380
mainly Receivables within one year (-€23,693) and Contributions, distributions and other (-€15,000)
- Receivables within one year +€23,693
up €23,693 (+97.2%), from €24,379 to €48,072
of which Trade receivables: +€25,281
- Tangible fixed assets -€13,045
down €13,045 (-27.9%), from €46,726 to €33,680
of which Furniture and vehicles: -€12,749
- Deferred charges and accrued income -€1,699
down €1,699 (-68.1%), from €2,495 to €797
- Other debts -€12,998
down €12,998 (-19.6%), from €66,392 to €53,393
- Trade debts -€4,191
down €4,191 (-81.8%), from €5,124 to €933
- Tax, wage and social debts -€1,881
down €1,881 (-16.9%), from €11,134 to €9,253
- Gross operating margin -€35,298
down €35,298 (-43.8%), from €80,549 to €45,251
- Taxes -€9,516
down €9,516 (-55.9%), from €17,018 to €7,503
- Other operating charges +€7,203
up €7,203 (+236%), from €3,052 to €10,255
- Financial income -€1,497
down €1,497 (-100%), from €1,497 to €0
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,480 | €84,929 | -€20,551 | -19.5% |
| Fixed assets | 21/28 | €46,726 | €33,680 | -€13,045 | -27.9% |
| Tangible fixed assets | 22/27 | €46,726 | €33,680 | -€13,045 | -27.9% |
| Plant, machinery and equipment | 23 | €1,134 | €839 | -€296 | -26.1% |
| Furniture and vehicles | 24 | €45,591 | €32,842 | -€12,749 | -28.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €58,754 | €51,249 | -€7,506 | -12.8% |
| Amounts receivable within one year | 40/41 | €24,379 | €48,072 | +€23,693 | +97.2% |
| Trade receivables | 40 | €20,943 | €46,224 | +€25,281 | +121% |
| Other amounts receivable | 41 | €3,436 | €1,848 | -€1,588 | -46.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €31,880 | €2,380 | -€29,500 | -92.5% |
| Deferred charges and accrued income | 490/1 | €2,495 | €797 | -€1,699 | -68.1% |
| Total equity and liabilities | 10/49 | €105,480 | €84,929 | -€20,551 | -19.5% |
| Equity | 10/15 | €22,000 | €21,350 | -€651 | -3.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €1,590 | €940 | -€651 | -40.9% |
| Amounts payable | 17/49 | €83,480 | €63,580 | -€19,900 | -23.8% |
| Amounts payable within one year | 42/48 | €82,650 | €63,580 | -€19,070 | -23.1% |
| Trade debts | 44 | €5,124 | €933 | -€4,191 | -81.8% |
| Suppliers | 440/4 | €5,124 | €933 | -€4,191 | -81.8% |
| Taxes, remuneration and social security | 45 | €11,134 | €9,253 | -€1,881 | -16.9% |
| Taxes | 450/3 | €11,134 | €9,253 | -€1,881 | -16.9% |
| Other amounts payable | 47/48 | €66,392 | €53,393 | -€12,998 | -19.6% |
| Accrued charges and deferred income | 492/3 | €830 | €0 | -€830 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,211 | €13,045 | -€165 | -1.3% |
| Other operating charges | 640/8 | €3,052 | €10,255 | +€7,203 | +236% |
| Gross operating margin | 9900 | €80,549 | €45,251 | -€35,298 | -43.8% |
| Operating profit (loss) | 9901 | €64,286 | €21,951 | -€42,336 | -65.9% |
| Financial income | 75/76B | €1,497 | €0 | -€1,497 | -100% |
| Recurring financial income | 75 | €1,497 | €0 | -€1,497 | -100% |
| Financial charges | 65/66B | €40 | €99 | +€59 | +150% |
| Recurring financial charges | 65 | €40 | €99 | +€59 | +150% |
| Profit (loss) for the period before taxes | 9903 | €65,744 | €21,852 | -€43,892 | -66.8% |
| Income taxes | 67/77 | €17,018 | €7,503 | -€9,516 | -55.9% |
| Profit (loss) for the period | 9904 | €48,725 | €14,349 | -€34,376 | -70.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,725 | €14,349 | -€34,376 | -70.6% |
Next steps
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 1 November 2026 via checked.be.