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
- Receivables within one year -€38,271
down €38,271 (-64.2%), from €59,642 to €21,371
of which Trade receivables: -€40,307
- Tangible fixed assets -€6,074
down €6,074 (-14.3%), from €42,519 to €36,446
of which Leasing and similar rights: -€3,241
- Intangible fixed assets +€2,451
up €2,451 (+43.0%), from €5,694 to €8,145
- Cash -€2,249
down €2,249 (-3.5%), from €63,349 to €61,101
mainly Accrued charges and deferred income (-€27,362) and Debts after one year (-€10,213)
- Accrued charges and deferred income -€27,362
down €27,362 (-98.6%), from €27,764 to €402
- Debts after one year -€10,213
down €10,213 (-25.8%), from €39,607 to €29,395
- Trade debts +€7,200
up €7,200 (+163.0%), from €4,417 to €11,617
- Current portion of long-term debt -€6,465
down €6,465 (-38.8%), from €16,678 to €10,213
- Profit (loss) carried forward -€4,272
down €4,272 (-69.7%), from -€6,126 to -€10,398
- Other operating charges -€7,314
down €7,314 (-85.7%), from €8,537 to €1,223
- Gross operating margin -€6,387
down €6,387 (-26.4%), from €24,186 to €17,799
- Financial charges -€2,917
down €2,917 (-29.7%), from €9,838 to €6,921
- Depreciation +€735
up €735 (+7.5%), from €9,749 to €10,483
- Financial income -€356
down €356 (-73.5%), from €484 to €128
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 | €177,206 | €133,212 | -€43,993 | -24.8% |
| Fixed assets | 21/28 | €52,937 | €49,315 | -€3,622 | -6.8% |
| Intangible fixed assets | 21 | €5,694 | €8,145 | +€2,451 | +43.0% |
| Tangible fixed assets | 22/27 | €42,519 | €36,446 | -€6,074 | -14.3% |
| Plant, machinery and equipment | 23 | €21,176 | €19,177 | -€1,999 | -9.4% |
| Furniture and vehicles | 24 | €10,784 | €9,951 | -€833 | -7.7% |
| Leasing and similar rights | 25 | €10,559 | €7,317 | -€3,241 | -30.7% |
| Financial fixed assets | 28 | €4,724 | €4,724 | = | 0.0% |
| Current assets | 29/58 | €124,268 | €83,898 | -€40,371 | -32.5% |
| Amounts receivable within one year | 40/41 | €59,642 | €21,371 | -€38,271 | -64.2% |
| Trade receivables | 40 | €58,653 | €18,346 | -€40,307 | -68.7% |
| Other amounts receivable | 41 | €989 | €3,025 | +€2,037 | +206.0% |
| Cash at bank and in hand | 54/58 | €63,349 | €61,101 | -€2,249 | -3.5% |
| Deferred charges and accrued income | 490/1 | €1,277 | €1,426 | +€148 | +11.6% |
| Total equity and liabilities | 10/49 | €177,206 | €133,212 | -€43,993 | -24.8% |
| Equity | 10/15 | €81,067 | €76,795 | -€4,272 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,593 | €68,593 | = | 0.0% |
| Distributable reserves | 133 | €68,593 | €68,593 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,126 | -€10,398 | -€4,272 | -69.7% |
| Amounts payable | 17/49 | €96,139 | €56,417 | -€39,722 | -41.3% |
| Amounts payable after more than one year | 17 | €39,607 | €29,395 | -€10,213 | -25.8% |
| Financial debts | 170/4 | €39,607 | €29,395 | -€10,213 | -25.8% |
| Amounts payable within one year | 42/48 | €28,767 | €26,621 | -€2,147 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €16,678 | €10,213 | -€6,465 | -38.8% |
| Trade debts | 44 | €4,417 | €11,617 | +€7,200 | +163.0% |
| Suppliers | 440/4 | €4,417 | €11,617 | +€7,200 | +163.0% |
| Taxes, remuneration and social security | 45 | €7,672 | €4,791 | -€2,881 | -37.6% |
| Taxes | 450/3 | €7,672 | €4,791 | -€2,881 | -37.6% |
| Accrued charges and deferred income | 492/3 | €27,764 | €402 | -€27,362 | -98.6% |
| Non-recurring operating income | 76A | €1,296 | - | -€1,296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,749 | €10,483 | +€735 | +7.5% |
| Other operating charges | 640/8 | €8,537 | €1,223 | -€7,314 | -85.7% |
| Non-recurring operating charges | 66A | €2,450 | €3,572 | +€1,122 | +45.8% |
| Gross operating margin | 9900 | €24,186 | €17,799 | -€6,387 | -26.4% |
| Operating profit (loss) | 9901 | €3,450 | €2,521 | -€929 | -26.9% |
| Financial income | 75/76B | €484 | €128 | -€356 | -73.5% |
| Recurring financial income | 75 | €484 | €128 | -€356 | -73.5% |
| Financial charges | 65/66B | €9,838 | €6,921 | -€2,917 | -29.7% |
| Recurring financial charges | 65 | €9,838 | €6,921 | -€2,917 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,904 | -€4,272 | +€1,632 | +27.6% |
| Income taxes | 67/77 | €265 | - | -€265 | |
| Profit (loss) for the period | 9904 | -€6,169 | -€4,272 | +€1,897 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,169 | -€4,272 | +€1,897 | +30.7% |
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 11 October 2026 via checked.be.