Bert Limbos: what changed
Two fiscal 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.
Bert Limbos
Largest movements
- Cash -€27,498
down €27,498 (-17.9%), from €153,339 to €125,841
mainly Other debts (-€29,888) and Net result for the year (-€1,580)
- Receivables within one year -€2,709
down €2,709 (-75.3%), from €3,600 to €891
of which Trade receivables: -€2,208
- Other debts -€29,888
down €29,888 (-78.5%), from €38,060 to €8,171
- Financial charges -€2,757
down €2,757 (-97.3%), from €2,835 to €78
- Gross operating margin -€1,909
down €1,909, from €1,195 to -€714
- Financial income -€51
down €51 (-8.1%), from €624 to €573
- Other operating charges +€14
up €14 (+1.8%), from €780 to €795
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 | €158,679 | €128,034 | -€30,645 | -19.3% |
| Fixed assets | 21/28 | €1,240 | €673 | -€567 | -45.7% |
| Tangible fixed assets | 22/27 | €1,240 | €673 | -€567 | -45.7% |
| Furniture and vehicles | 24 | €1,154 | €673 | -€481 | -41.7% |
| Other tangible fixed assets | 26 | €86 | - | -€86 | |
| Current assets | 29/58 | €157,439 | €127,361 | -€30,078 | -19.1% |
| Amounts receivable within one year | 40/41 | €3,600 | €891 | -€2,709 | -75.3% |
| Trade receivables | 40 | €2,753 | €545 | -€2,208 | -80.2% |
| Other amounts receivable | 41 | €848 | €346 | -€501 | -59.1% |
| Cash at bank and in hand | 54/58 | €153,339 | €125,841 | -€27,498 | -17.9% |
| Deferred charges and accrued income | 490/1 | €500 | €629 | +€129 | +25.9% |
| Total equity and liabilities | 10/49 | €158,679 | €128,034 | -€30,645 | -19.3% |
| Equity | 10/15 | €119,237 | €117,657 | -€1,580 | -1.3% |
| Contributions | 10/11 | €14,400 | €14,400 | = | 0.0% |
| Reserves | 13 | €107,202 | €107,202 | = | 0.0% |
| Distributable reserves | 133 | €107,202 | €107,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,365 | -€3,946 | -€1,580 | -66.8% |
| Amounts payable | 17/49 | €39,442 | €10,377 | -€29,065 | -73.7% |
| Amounts payable within one year | 42/48 | €39,442 | €10,377 | -€29,065 | -73.7% |
| Trade debts | 44 | - | €1,308 | +€1,308 | |
| Suppliers | 440/4 | - | €1,308 | +€1,308 | |
| Taxes, remuneration and social security | 45 | €1,382 | €897 | -€485 | -35.1% |
| Taxes | 450/3 | €1,382 | €897 | -€485 | -35.1% |
| Other amounts payable | 47/48 | €38,060 | €8,171 | -€29,888 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €568 | €567 | -€1 | -0.2% |
| Other operating charges | 640/8 | €780 | €795 | +€14 | +1.8% |
| Gross operating margin | 9900 | €1,195 | -€714 | -€1,909 | |
| Operating profit (loss) | 9901 | -€154 | -€2,076 | -€1,922 | -1246.7% |
| Financial income | 75/76B | €624 | €573 | -€51 | -8.1% |
| Recurring financial income | 75 | €624 | €573 | -€51 | -8.1% |
| Financial charges | 65/66B | €2,835 | €78 | -€2,757 | -97.3% |
| Recurring financial charges | 65 | €2,835 | €78 | -€2,757 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,365 | -€1,580 | +€785 | +33.2% |
| Profit (loss) for the period | 9904 | -€2,365 | -€1,580 | +€785 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,365 | -€1,580 | +€785 | +33.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.