LIM VASTGOED: 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.
LIM VASTGOED
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+336%), from €328,890 to €1.4m
of which Other amounts receivable: +€1.1m
- Cash +€675,002
up €675,002 (+242%), from €278,622 to €953,625
mainly Net result for the year (+€1.5m) and Provisions (+€426,552)
- Tangible fixed assets -€356,634
down €356,634 (-13.7%), from €2.6m to €2.2m
of which Land and buildings: -€306,959
- Stocks and contracts +€297,483
up €297,483 (+52.8%), from €563,463 to €860,946
- Reserves +€1.5m
up €1.5m (+150%), from €1.0m to €2.5m
of which Tax-exempt reserves: +€1.3m
- Provisions +€426,552
up €426,552 (+454%), from €93,943 to €520,495
- Debts after one year -€222,900
down €222,900 (-14.8%), from €1.5m to €1.3m
- Current portion of long-term debt -€58,843
down €58,843 (-37.1%), from €158,780 to €99,936
- Gross operating margin +€1.9m
up €1.9m (+572%), from €330,446 to €2.2m
- Taxes +€85,458
up €85,458 (+191%), from €44,667 to €130,124
- Financial income +€25,356
up €25,356 (+2,941%), from €862 to €26,219
- Depreciation -€22,642
down €22,642 (-17.1%), from €132,371 to €109,729
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.
Derived cash bridge
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 | €3,778,298 | €5,502,854 | +€1.7m | +45.6% |
| Fixed assets | 21/28 | €2,605,970 | €2,249,335 | -€356,634 | -13.7% |
| Tangible fixed assets | 22/27 | €2,605,970 | €2,249,335 | -€356,634 | -13.7% |
| Land and buildings | 22 | €2,513,834 | €2,206,875 | -€306,959 | -12.2% |
| Plant, machinery and equipment | 23 | - | €1,261 | +€1,261 | |
| Furniture and vehicles | 24 | €69,177 | €41,199 | -€27,978 | -40.4% |
| Other tangible fixed assets | 26 | €22,959 | €0 | -€22,959 | -100% |
| Current assets | 29/58 | €1,172,329 | €3,253,519 | +€2.1m | +178% |
| Stocks and contracts in progress | 3 | €563,463 | €860,946 | +€297,483 | +52.8% |
| Stocks | 30/36 | €563,463 | €860,946 | +€297,483 | +52.8% |
| Amounts receivable within one year | 40/41 | €328,890 | €1,432,663 | +€1.1m | +336% |
| Trade receivables | 40 | €11,724 | €9,785 | -€1,938 | -16.5% |
| Other amounts receivable | 41 | €317,166 | €1,422,878 | +€1.1m | +349% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €278,622 | €953,625 | +€675,002 | +242% |
| Deferred charges and accrued income | 490/1 | €1,353 | €6,285 | +€4,931 | +364% |
| Total equity and liabilities | 10/49 | €3,778,298 | €5,502,854 | +€1.7m | +45.6% |
| Equity | 10/15 | €1,506,073 | €3,014,874 | +€1.5m | +100% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,006,073 | €2,514,874 | +€1.5m | +150% |
| Non-distributable reserves | 130/1 | €36,212 | €36,212 | = | 0.0% |
| Reserves not available under the articles | 1311 | €36,212 | €36,212 | = | 0.0% |
| Tax-exempt reserves | 132 | €281,830 | €1,561,485 | +€1.3m | +454% |
| Distributable reserves | 133 | €688,030 | €917,177 | +€229,147 | +33.3% |
| Provisions and deferred taxes | 16 | €93,943 | €520,495 | +€426,552 | +454% |
| Deferred taxes | 168 | €93,943 | €520,495 | +€426,552 | +454% |
| Amounts payable | 17/49 | €2,178,282 | €1,967,485 | -€210,797 | -9.7% |
| Amounts payable after more than one year | 17 | €1,504,789 | €1,281,889 | -€222,900 | -14.8% |
| Financial debts | 170/4 | €1,504,789 | €1,281,889 | -€222,900 | -14.8% |
| Amounts payable within one year | 42/48 | €658,116 | €675,996 | +€17,880 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €158,780 | €99,936 | -€58,843 | -37.1% |
| Financial debts | 43 | €362,000 | €362,000 | = | 0.0% |
| Credit institutions | 430/8 | €362,000 | €362,000 | = | 0.0% |
| Trade debts | 44 | €6,652 | €44,657 | +€38,005 | +571% |
| Suppliers | 440/4 | €6,652 | €44,657 | +€38,005 | +571% |
| Taxes, remuneration and social security | 45 | €53,629 | €84,275 | +€30,646 | +57.1% |
| Taxes | 450/3 | €53,629 | €84,275 | +€30,646 | +57.1% |
| Other amounts payable | 47/48 | €77,056 | €85,128 | +€8,072 | +10.5% |
| Accrued charges and deferred income | 492/3 | €15,377 | €9,601 | -€5,776 | -37.6% |
| Non-recurring operating income | 76A | €40,330 | €2,184,812 | +€2.1m | +5,317% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,371 | €109,729 | -€22,642 | -17.1% |
| Other operating charges | 640/8 | €27,510 | €12,722 | -€14,788 | -53.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €330,446 | €2,221,791 | +€1.9m | +572% |
| Operating profit (loss) | 9901 | €170,566 | €2,099,340 | +€1.9m | +1,131% |
| Financial income | 75/76B | €862 | €26,219 | +€25,356 | +2,941% |
| Recurring financial income | 75 | €862 | €26,219 | +€25,356 | +2,941% |
| Financial charges | 65/66B | €41,296 | €60,082 | +€18,786 | +45.5% |
| Recurring financial charges | 65 | €41,296 | €60,082 | +€18,786 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €130,132 | €2,065,477 | +€1.9m | +1,487% |
| Transfer from deferred taxes | 780 | €1,922 | €94,060 | +€92,138 | +4,793% |
| Transfer to deferred taxes | 680 | - | €520,612 | +€520,612 | |
| Income taxes | 67/77 | €44,667 | €130,124 | +€85,458 | +191% |
| Profit (loss) for the period | 9904 | €87,388 | €1,508,801 | +€1.4m | +1,627% |
| Transfer from tax-exempt reserves | 789 | €5,767 | €282,181 | +€276,414 | +4,793% |
| Transfer to tax-exempt reserves | 689 | - | €1,561,836 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €93,155 | €229,147 | +€135,991 | +146% |
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 15 October 2026 via checked.be.