LIMA: 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.
LIMA
Largest movements
- Current investments +€218,854
up €218,854 (+43.7%), from €500,870 to €719,725
- Cash -€200,614
down €200,614 (-35.0%), from €573,257 to €372,643
mainly Current investments (-€218,854) and Investment in fixed assets (net) (-€215,084)
- Tangible fixed assets +€108,054
up €108,054 (+23.1%), from €466,907 to €574,962
of which Plant, machinery and equipment: +€88,760
- Stocks and contracts -€55,655
down €55,655 (-23.5%), from €236,751 to €181,096
- Receivables within one year +€29,928
up €29,928 (+2,362%), from €1,267 to €31,195
of which Trade receivables: +€17,851
- Reserves +€69,383
up €69,383 (+6.7%), from €1.0m to €1.1m
of which Distributable reserves: +€69,383
- Trade debts +€54,409
up €54,409 (+89.0%), from €61,157 to €115,566
- Debts after one year -€40,789
down €40,789 (-17.2%), from €236,996 to €196,207
- Gross operating margin -€302,317
down €302,317 (-47.7%), from €634,448 to €332,130
- Taxes -€102,369
down €102,369 (-68.2%), from €150,178 to €47,809
- Financial income +€20,550
up €20,550 (+354%), from €5,799 to €26,350
- Depreciation +€13,058
up €13,058 (+14.7%), from €88,962 to €102,019
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 | €1,820,912 | €1,928,391 | +€107,479 | +5.9% |
| Fixed assets | 21/28 | €504,198 | €617,262 | +€113,064 | +22.4% |
| Tangible fixed assets | 22/27 | €466,907 | €574,962 | +€108,054 | +23.1% |
| Land and buildings | 22 | €282,683 | €250,457 | -€32,226 | -11.4% |
| Plant, machinery and equipment | 23 | €36,706 | €125,466 | +€88,760 | +242% |
| Furniture and vehicles | 24 | €147,518 | €199,039 | +€51,521 | +34.9% |
| Financial fixed assets | 28 | €37,290 | €42,300 | +€5,010 | +13.4% |
| Current assets | 29/58 | €1,316,715 | €1,311,129 | -€5,585 | -0.4% |
| Stocks and contracts in progress | 3 | €236,751 | €181,096 | -€55,655 | -23.5% |
| Stocks | 30/36 | €236,751 | €181,096 | -€55,655 | -23.5% |
| Amounts receivable within one year | 40/41 | €1,267 | €31,195 | +€29,928 | +2,362% |
| Trade receivables | 40 | €0 | €17,851 | +€17,851 | |
| Other amounts receivable | 41 | €1,267 | €13,344 | +€12,077 | +953% |
| Current investments | 50/53 | €500,870 | €719,725 | +€218,854 | +43.7% |
| Cash at bank and in hand | 54/58 | €573,257 | €372,643 | -€200,614 | -35.0% |
| Deferred charges and accrued income | 490/1 | €4,569 | €6,470 | +€1,901 | +41.6% |
| Total equity and liabilities | 10/49 | €1,820,912 | €1,928,391 | +€107,479 | +5.9% |
| Equity | 10/15 | €1,318,744 | €1,388,127 | +€69,383 | +5.3% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €1,031,168 | €1,100,551 | +€69,383 | +6.7% |
| Non-distributable reserves | 130/1 | €2,727 | €2,727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,727 | €2,727 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €972,191 | €1,041,575 | +€69,383 | +7.1% |
| Profit (loss) carried forward | 14 | €260,307 | €260,307 | = | 0.0% |
| Provisions and deferred taxes | 16 | €7,000 | €7,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,000 | €7,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable | 17/49 | €495,168 | €533,264 | +€38,096 | +7.7% |
| Amounts payable after more than one year | 17 | €236,996 | €196,207 | -€40,789 | -17.2% |
| Financial debts | 170/4 | €236,996 | €196,207 | -€40,789 | -17.2% |
| Amounts payable within one year | 42/48 | €258,172 | €337,058 | +€78,885 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €40,789 | €40,789 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €61,157 | €115,566 | +€54,409 | +89.0% |
| Suppliers | 440/4 | €61,157 | €115,566 | +€54,409 | +89.0% |
| Taxes, remuneration and social security | 45 | €26,346 | €35,138 | +€8,791 | +33.4% |
| Taxes | 450/3 | €22,458 | €31,483 | +€9,025 | +40.2% |
| Remuneration and social security | 454/9 | €3,889 | €3,654 | -€234 | -6.0% |
| Other amounts payable | 47/48 | €129,879 | €145,564 | +€15,685 | +12.1% |
| Non-recurring operating income | 76A | €1,240 | €7,000 | +€5,760 | +465% |
| Remuneration, social security and pensions | 62 | €40,885 | €38,436 | -€2,448 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,962 | €102,019 | +€13,058 | +14.7% |
| Other operating charges | 640/8 | €8,830 | €8,428 | -€402 | -4.6% |
| Gross operating margin | 9900 | €634,448 | €332,130 | -€302,317 | -47.7% |
| Operating profit (loss) | 9901 | €495,771 | €183,246 | -€312,525 | -63.0% |
| Financial income | 75/76B | €5,799 | €26,350 | +€20,550 | +354% |
| Recurring financial income | 75 | €5,799 | €26,350 | +€20,550 | +354% |
| Financial charges | 65/66B | €17,478 | €15,283 | -€2,195 | -12.6% |
| Recurring financial charges | 65 | €17,478 | €15,283 | -€2,195 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €484,092 | €194,313 | -€289,779 | -59.9% |
| Income taxes | 67/77 | €150,178 | €47,809 | -€102,369 | -68.2% |
| Profit (loss) for the period | 9904 | €333,914 | €146,505 | -€187,410 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €333,914 | €146,505 | -€187,410 | -56.1% |
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 13 October 2026 via checked.be.