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
- Cash -€96,642
down €96,642 (-65.2%), from €148,241 to €51,599
mainly Other debts (-€175,131) and Debts after one year (-€82,127)
- Tangible fixed assets -€69,802
down €69,802 (-4.0%), from €1.8m to €1.7m
of which Land and buildings: -€54,792
- Reserves +€207,736
up €207,736 (+295%), from €70,465 to €278,201
of which Distributable reserves: +€207,736
- Other debts -€175,131
down €175,131 (-69.5%), from €251,870 to €76,739
- Profit (loss) carried forward -€110,256
down €110,256 (-100%), from €110,256 to €0
- Debts after one year -€82,127
down €82,127 (-6.4%), from €1.3m to €1.2m
- Trade debts -€27,340
down €27,340 (-69.1%), from €39,586 to €12,246
- Gross operating margin -€26,814
down €26,814 (-9.9%), from €270,864 to €244,050
- Other operating charges -€10,174
down €10,174 (-85.6%), from €11,891 to €1,718
- Depreciation -€5,499
down €5,499 (-8.0%), from €68,319 to €62,820
- Taxes -€4,128
down €4,128 (-10.5%), from €39,243 to €35,115
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 | €2,072,893 | €1,886,687 | -€186,206 | -9.0% |
| Fixed assets | 21/28 | €1,764,235 | €1,688,918 | -€75,316 | -4.3% |
| Intangible fixed assets | 21 | €7,445 | €1,931 | -€5,515 | -74.1% |
| Tangible fixed assets | 22/27 | €1,756,789 | €1,686,987 | -€69,802 | -4.0% |
| Land and buildings | 22 | €1,736,324 | €1,681,533 | -€54,792 | -3.2% |
| Plant, machinery and equipment | 23 | €5,264 | €4,617 | -€647 | -12.3% |
| Furniture and vehicles | 24 | €2,704 | €838 | -€1,867 | -69.0% |
| Other tangible fixed assets | 26 | €12,496 | €0 | -€12,496 | -100% |
| Current assets | 29/58 | €308,658 | €197,769 | -€110,889 | -35.9% |
| Stocks and contracts in progress | 3 | €125,313 | €110,479 | -€14,833 | -11.8% |
| Stocks | 30/36 | €125,313 | €110,479 | -€14,833 | -11.8% |
| Amounts receivable within one year | 40/41 | €26,197 | €28,026 | +€1,829 | +7.0% |
| Trade receivables | 40 | €20,213 | €27,778 | +€7,565 | +37.4% |
| Other amounts receivable | 41 | €5,984 | €248 | -€5,735 | -95.8% |
| Cash at bank and in hand | 54/58 | €148,241 | €51,599 | -€96,642 | -65.2% |
| Deferred charges and accrued income | 490/1 | €8,908 | €7,665 | -€1,244 | -14.0% |
| Total equity and liabilities | 10/49 | €2,072,893 | €1,886,687 | -€186,206 | -9.0% |
| Equity | 10/15 | €379,313 | €476,793 | +€97,480 | +25.7% |
| Contributions | 10/11 | €198,592 | €198,592 | = | 0.0% |
| Reserves | 13 | €70,465 | €278,201 | +€207,736 | +295% |
| Non-distributable reserves | 130/1 | €19,859 | €19,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,859 | €19,859 | = | 0.0% |
| Distributable reserves | 133 | €50,606 | €258,342 | +€207,736 | +410% |
| Profit (loss) carried forward | 14 | €110,256 | €0 | -€110,256 | -100% |
| Amounts payable | 17/49 | €1,693,580 | €1,409,894 | -€283,686 | -16.8% |
| Amounts payable after more than one year | 17 | €1,280,711 | €1,198,583 | -€82,127 | -6.4% |
| Financial debts | 170/4 | €1,280,711 | €1,198,583 | -€82,127 | -6.4% |
| Amounts payable within one year | 42/48 | €402,769 | €200,900 | -€201,869 | -50.1% |
| Current portion of amounts payable after more than one year | 42 | €105,301 | €82,127 | -€23,174 | -22.0% |
| Financial debts | 43 | €616 | €9,669 | +€9,053 | +1,470% |
| Credit institutions | 430/8 | €616 | €9,669 | +€9,053 | +1,470% |
| Trade debts | 44 | €39,586 | €12,246 | -€27,340 | -69.1% |
| Suppliers | 440/4 | €39,586 | €12,246 | -€27,340 | -69.1% |
| Taxes, remuneration and social security | 45 | €5,396 | €20,118 | +€14,722 | +273% |
| Taxes | 450/3 | €5,396 | €20,118 | +€14,722 | +273% |
| Other amounts payable | 47/48 | €251,870 | €76,739 | -€175,131 | -69.5% |
| Accrued charges and deferred income | 492/3 | €10,100 | €10,411 | +€311 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,319 | €62,820 | -€5,499 | -8.0% |
| Other operating charges | 640/8 | €11,891 | €1,718 | -€10,174 | -85.6% |
| Non-recurring operating charges | 66A | - | €9,496 | +€9,496 | |
| Gross operating margin | 9900 | €270,864 | €244,050 | -€26,814 | -9.9% |
| Operating profit (loss) | 9901 | €190,654 | €170,016 | -€20,638 | -10.8% |
| Financial income | 75/76B | €0 | €1,056 | +€1,056 | +960,200% |
| Recurring financial income | 75 | €0 | €1,056 | +€1,056 | +960,200% |
| Financial charges | 65/66B | €41,155 | €38,477 | -€2,678 | -6.5% |
| Recurring financial charges | 65 | €41,155 | €38,477 | -€2,678 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €149,499 | €132,595 | -€16,904 | -11.3% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €39,243 | €35,115 | -€4,128 | -10.5% |
| Profit (loss) for the period | 9904 | €110,256 | €97,480 | -€12,776 | -11.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €110,256 | €97,480 | -€12,776 | -11.6% |
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 23 October 2026 via checked.be.