L.I.M.A.: 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.
L.I.M.A.
Largest movements
- Current investments +€71,461
new in 2023: €71,461
- Cash -€50,478
down €50,478 (-55.4%), from €91,135 to €40,657
mainly Current investments (-€71,461) and Trade debts (-€19,026)
- Receivables within one year -€25,581
down €25,581 (-11.4%), from €225,103 to €199,521
of which Trade receivables: -€35,358
- Trade debts -€19,026
down €19,026 (-61.7%), from €30,814 to €11,788
- Profit (loss) carried forward +€17,876
up €17,876 (+10.5%), from €169,778 to €187,653
- Taxes -€55,884
down €55,884 (-91.9%), from €60,793 to €4,908
- Purchases and services -€49,123
down €49,123 (-24.5%), from €200,314 to €151,191
- Gross operating margin -€17,112
down €17,112 (-33.4%), from €51,199 to €34,087
- Staff costs +€4,505
up €4,505 (+121%), from €3,714 to €8,219
- Depreciation +€1,325
up €1,325 (+88.3%), from €1,500 to €2,825
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,991 | €314,753 | -€2,238 | -0.7% |
| Fixed assets | 21/28 | €288 | €3,113 | +€2,825 | +981% |
| Tangible fixed assets | 22/27 | - | €2,825 | +€2,825 | |
| Land and buildings | 22 | - | €2,825 | +€2,825 | |
| Financial fixed assets | 28 | €288 | €288 | = | 0.0% |
| Current assets | 29/58 | €316,703 | €311,640 | -€5,063 | -1.6% |
| Amounts receivable within one year | 40/41 | €225,103 | €199,521 | -€25,581 | -11.4% |
| Trade receivables | 40 | €201,153 | €165,795 | -€35,358 | -17.6% |
| Other amounts receivable | 41 | €23,950 | €33,727 | +€9,777 | +40.8% |
| Current investments | 50/53 | - | €71,461 | +€71,461 | |
| Cash at bank and in hand | 54/58 | €91,135 | €40,657 | -€50,478 | -55.4% |
| Deferred charges and accrued income | 490/1 | €465 | €0 | -€465 | -100.0% |
| Total equity and liabilities | 10/49 | €316,991 | €314,753 | -€2,238 | -0.7% |
| Equity | 10/15 | €211,803 | €229,678 | +€17,875 | +8.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | €40,000 | = | 0.0% |
| Issued capital | 100 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €2,025 | €2,025 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,025 | €2,025 | -€0 | 0.0% |
| Legal reserve | 130 | €2,025 | €2,025 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €169,778 | €187,653 | +€17,876 | +10.5% |
| Amounts payable | 17/49 | €105,188 | €85,075 | -€20,113 | -19.1% |
| Amounts payable within one year | 42/48 | €104,965 | €85,075 | -€19,891 | -18.9% |
| Trade debts | 44 | €30,814 | €11,788 | -€19,026 | -61.7% |
| Suppliers | 440/4 | €30,814 | €11,788 | -€19,026 | -61.7% |
| Advances received on contracts in progress | 46 | €19,738 | €19,738 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €46,986 | €47,402 | +€416 | +0.9% |
| Taxes | 450/3 | €46,658 | €46,593 | -€66 | -0.1% |
| Remuneration and social security | 454/9 | €328 | €809 | +€481 | +147% |
| Other amounts payable | 47/48 | €7,427 | €6,147 | -€1,280 | -17.2% |
| Accrued charges and deferred income | 492/3 | €223 | - | -€223 | |
| Goods, raw materials, services and sundry goods | 60/61 | €200,314 | €151,191 | -€49,123 | -24.5% |
| Remuneration, social security and pensions | 62 | €3,714 | €8,219 | +€4,505 | +121% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,500 | €2,825 | +€1,325 | +88.3% |
| Other operating charges | 640/8 | €627 | €277 | -€349 | -55.8% |
| Gross operating margin | 9900 | €51,199 | €34,087 | -€17,112 | -33.4% |
| Operating profit (loss) | 9901 | €45,357 | €22,765 | -€22,592 | -49.8% |
| Financial charges | 65/66B | €201 | €204 | +€2 | +1.2% |
| Recurring financial charges | 65 | €201 | €204 | +€2 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €45,156 | €22,561 | -€22,595 | -50.0% |
| Income taxes | 67/77 | €60,793 | €4,908 | -€55,884 | -91.9% |
| Profit (loss) for the period | 9904 | -€15,637 | €17,653 | +€33,290 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,637 | €17,653 | +€33,290 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.