BELGIAN LIMO: 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.
BELGIAN LIMO
Largest movements
- Tangible fixed assets -€28,000
down €28,000 (-21.1%), from €133,000 to €105,000
- Cash -€12,075
down €12,075 (-32.7%), from €36,932 to €24,858
mainly Trade debts (-€39,390) and Debts after one year (-€19,783)
- Receivables within one year +€2,230
up €2,230 (+9.6%), from €23,315 to €25,545
of which Trade receivables: +€4,814
- Trade debts -€39,390
down €39,390 (-96.4%), from €40,872 to €1,481
- Debts after one year -€19,783
down €19,783 (-26.0%), from €76,211 to €56,428
- Profit (loss) carried forward +€12,242
up €12,242 (+801.4%), from €1,528 to €13,770
- Tax, wage and social debts +€4,146
new in 2025: €4,146
- Other debts +€4,064
up €4,064 (+10.9%), from €37,380 to €41,444
- Gross operating margin +€42,973
up €42,973 (+906.9%), from €4,739 to €47,711
- Depreciation +€21,000
up €21,000 (+300.0%), from €7,000 to €28,000
- Financial charges +€2,213
up €2,213 (+80.8%), from €2,738 to €4,952
- Taxes +€1,840
new in 2025: €1,840
- Other operating charges +€697
new in 2025: €697
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.
Cash bridge derived
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 | €193,497 | €155,653 | -€37,844 | -19.6% |
| Fixed assets | 21/28 | €133,250 | €105,250 | -€28,000 | -21.0% |
| Tangible fixed assets | 22/27 | €133,000 | €105,000 | -€28,000 | -21.1% |
| Furniture and vehicles | 24 | €133,000 | €105,000 | -€28,000 | -21.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €60,247 | €50,403 | -€9,844 | -16.3% |
| Amounts receivable within one year | 40/41 | €23,315 | €25,545 | +€2,230 | +9.6% |
| Trade receivables | 40 | €19,000 | €23,814 | +€4,814 | +25.3% |
| Other amounts receivable | 41 | €4,315 | €1,731 | -€2,584 | -59.9% |
| Cash at bank and in hand | 54/58 | €36,932 | €24,858 | -€12,075 | -32.7% |
| Total equity and liabilities | 10/49 | €193,497 | €155,653 | -€37,844 | -19.6% |
| Equity | 10/15 | €20,128 | €32,370 | +€12,242 | +60.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €1,528 | €13,770 | +€12,242 | +801.4% |
| Amounts payable | 17/49 | €173,370 | €123,283 | -€50,086 | -28.9% |
| Amounts payable after more than one year | 17 | €76,211 | €56,428 | -€19,783 | -26.0% |
| Financial debts | 170/4 | €76,211 | €56,428 | -€19,783 | -26.0% |
| Amounts payable within one year | 42/48 | €97,158 | €66,855 | -€30,303 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €18,906 | €19,783 | +€877 | +4.6% |
| Trade debts | 44 | €40,872 | €1,481 | -€39,390 | -96.4% |
| Suppliers | 440/4 | €40,872 | €1,481 | -€39,390 | -96.4% |
| Taxes, remuneration and social security | 45 | - | €4,146 | +€4,146 | |
| Taxes | 450/3 | - | €4,146 | +€4,146 | |
| Other amounts payable | 47/48 | €37,380 | €41,444 | +€4,064 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,000 | €28,000 | +€21,000 | +300.0% |
| Other operating charges | 640/8 | - | €697 | +€697 | |
| Gross operating margin | 9900 | €4,739 | €47,711 | +€42,973 | +906.9% |
| Operating profit (loss) | 9901 | -€2,261 | €19,014 | +€21,276 | |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €2,738 | €4,952 | +€2,213 | +80.8% |
| Recurring financial charges | 65 | €2,738 | €4,952 | +€2,213 | +80.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,000 | €14,082 | +€19,082 | |
| Income taxes | 67/77 | - | €1,840 | +€1,840 | |
| Profit (loss) for the period | 9904 | -€5,000 | €12,242 | +€17,242 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,000 | €12,242 | +€17,242 |
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 12 October 2026 via checked.be.